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AstraZeneca plots cost cuts to save $1.1B as Crestor generics loom

April 29, 2016

As Crestor generics gear up to battle the brand, AstraZeneca is retrenching with a $1.5 billion restructuring plan. The London-based drugmaker loses its exclusive on the blockbuster statin drug next week, a long-dreaded event that puts more than one-fifth of its sales at risk. Crestor..

Lilly shines in Japan in Q1, but CEO warns price cuts too deep

April 29, 2016

Eli Lilly is squarely focused on the Japanese market–its largest outside the U.S.–with John Lechleiter, chairman, president and CEO, saying growing cost cutting efforts are a concern and suggesting the policy may not aid efforts at innovation. On the April 26 earnings call, Lechleiter told..

AB InBev offers to sell some SABMiller brands

April 29, 2016

Anheuser-Busch InBev NV has offered to sell SABMiller PLC’s Central and Eastern European brands, including Pilsner Urquell, ahead of a decision by the European Commission on whether to approve its acquisition of the London-based brewer. The assets could fetch around $5 billion, according to Exane..

Neste appoints Panu Kopra as Executive Vice President of Oil Retail

April 29, 2016

Panu Kopra (Bachelor of Business Administration BBA, MBA, 44) has been appointed as the new Executive Vice President of Neste’s Oil Retail Business Area and a member of the Neste Executive Board as of May 1, 2016. He will report to President and CEO Matti..