Posts Tagged ‘after’
Stryker has appointed Kevin Lobo, president of the company’s orthopedics division, to serve as its new CEO. Stryker’s search for a new CEO began after the abrupt departure of Steve MacMillan, who was forced out partly because certain board members became bothered by his handling of a relationship with a former flight attendant for the company’s corporate jets while his wife pursued a divorce. MacMillan left the company in a surprising announcement in early February. In May, the Wall Street Journal did a lengthy article detailing the specifics of his departure.
Lobo replaces interim CEO Curt Hartman, who will remain as an adviser to allow for a smooth transition.
Reuters
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by Jeffrey Clark 10 September 2012
Geron has been around for a while… more than 20 years to be exact. The majority of known gardener as the mother of cells of CA North, fighting for the pioneers of the new treatments under the direction of CEO Tom Okarma.
Well, Tom Okarma has disappeared, who resigned in February of last year. And ten months ago new CEO John Scarlett of Geron has decided to completely abandon two decades of research on stem cells to focus on the development of anti-cancer drugs. And now research programs did not get any results. The result can be catastrophic that Geron is now fighting for its existence, as it has for the past two decades with billions of dollars invested in research and testing, but not marketed drugs to show.
FierceBiotech feels strongly about it, which they describe as ‘crisis’ company Geron.
FierceBiotech
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by Jeffrey Clark on April 10, 2012
It happens all the time. A CEO is facing two or more positions a succession plan against each other with a winner and the other is likely to leave the company CEO competing offers.
There was a long and Karadzic succession saga after the retirement of Jack Welch of GE. The race is between James McNerny, Bob Nardelli and Jeff Immelt, all internal candidates from within the ranks of GE. Immelt has finally prevailed and is always the position of President and CEO. But Bob Nardelli left to become CEO of Home Depot and Chrysler while McNerney became CEO of 3 m and Boeing. Even in our industry, the trend is common. Chris Viehbacher has lost the race to succeed JP Garnier at Glaxosmithkline Andrew Witty. Witty is President & CEO of GSK. Viehbacher left to run Sanofi.
Thus, after losing the race to succeed Bill Weldon as CEO of Johnson & Johnson 60 days ago, Sheri McCoy resigned to become CEO of Avon.
McCoy as its new Chief Executive took advantage of vendor products cosmetics fighting Monday. The announcement put an end to a four-month search to replace embattled CEO Andrea Jung, who came under fire for not braking the company refuses and conclude an investigation into corruption.
The movement ends a year 30 to McCoy in J J & and continues the promotion of Alex Gorsky Weldon to succeed. Focusing on pharmaceuticals and consumer products, the movement of the Avon is not surprising, especially for a strong CEO candidate. Your time is singular; However, in the Avon, recently rejected an offer of $10 (b) of Coty, a small manufacturer of cosmetics.
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Last year, AstraZeneca and Targacept based on North Carolina announced that they did not have in two clinical trials of final phase of a drug deal with major depressive disorder. I hope remains however in the results of two other yet to be completed. Yesterday, these negative results led to the abandonment of the program completely.
AstraZeneca said that the drug did not work as expected in a trial of eight weeks, compared with placebo. The announcement was not a shock to all those who have followed the news earlier but is certainly a coup for both companies.
FierceBiotech was especially: well, fierce – calling the program “a full bust” and Targacept describes as “Crouch as leaders met behind a substantial wall of cash, while being prepared for inevitable judgment in a defensive”.
With M $225 species but little influence, CEO of Targacept has announced that the company might launch his plans next month. The company has other products in the pipeline of early stage focused on asthma, Alzheimer’s disease, diabetes, schizophrenia and ADHD. GSK has finalized its Targacept Association year last in a reduction of its work in neuroscience. One might think that the Targacept to focus their efforts and fate of his investment of cash.
As for Astrazeneca, continue their afflictions. The Big Pharma company essentially left the category of neuroscience and was reprimanded by analysts and investors to not strengthen its portfolio of final phase. 2012 is intense in the AZ Cliff patent as the company will lose 4 1 300 million in revenues when Seroquel patent expires in December, in the wake of us $2 billion in lost revenue for makers of generic drugs in 2011. In General, dólares-valor de 27 million in sales of blockbuster will be to generic competition in the United States, according to Fitch Ratings.
Associated Press
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