Pacific Northwest biotechs search for savvy CEOs

Fate Therapeutics, a fledgling Seattle biotech backed by significant local investment, is on the prowl for a captain. But its hunt for the perfect chief executive is taking it far from the shores of Puget Sound.

More than three-fourths of the candidates Fate is considering live outside the Seattle area, which is a secondary biotech hub compared with Boston or San Francisco.

So if the right person is unwilling to relocate to the Puget Sound area, Fate’s lead investor says, the stem-cell research company could end up moving.

By Ángel González

Seattle Times business reporter

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