OrbiMed Founder Sam Isaly Accused of Sexual Harassment

Sexual harassment scandals are not limited to Hollywood, famous broadcasters, and politicians. This week STAT broke a sexual harassment story that touches medtech, as it involves the founder of one of the industry's largest hedge funds. According to the investigative report, OrbiMed founder and managing partner Sam Isaly harassed and demeaned female employees for years. Former employees reportedly told STAT that Isaly routinely subjected young female assistants to pornography in the workplace, lewd jokes, and sexist comments. Five people who once worked at the firm described how Isaly would often handle a set of breast implants that he kept on his desk, palpating them during conversations with employees as though they were stress balls. According to STAT, moments after publishing the story Tuesday evening OrbiMed issued a statement calling the alleged incidents "concerning" and said it has retained an independent law firm to investigate the matter. "OrbiMed takes gender equality seriously and wishes to encourage a supportive work environment and equal opportunity for all employees," the firm noted in the statement. STAT also said that earlier on Tuesday, prior to publishing the story, OrbiMed partner Carter Neild said in an email to STAT that, "If this article proceeds I hope that you will be fair and focus on the person responsible, not the entire firm." The article also states that Isaly denied the allegations during a 90-minute interview with STAT on Monday at OrbiMed's h...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news