Latest News

The mantle of leadership isn’t held only by one pay grade

December 10, 2018

The image of a leader as a hero rallying the troops on to victory is engrained in business. But a new concept of leader as host instead of hero is replacing that old idea and causing corporations in many fields to re-evaluate what it takes..

With pricing outcry raging, U.S. drug spending grew less than 1% last year: CMS

December 10, 2018

Congress and the Trump administration are riled up about pharma prices and promising to drive them down, but a new U.S. government report shows growth in retail drug spending screeched to a halt in 2017. The data, released by the Centers for Medicare & Medicaid..

Linde AG reorganises executive board

December 10, 2018

The Supervisory Board of Linde AG has appointed Dr Sven Schneider spokesman of the company’s Executive Board. Sven Schneider, previously CFO of Linde AG, will take up his new position on the date on which Linde AG’s obligations under the Hold Separate Order of the..

Gilead Sciences snares Roche veteran O’Day as CEO

December 10, 2018

Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum. O’Day, now head of Roche’s pharmaceuticals business, joined the company in 1987 and held various roles in the United..

Marfrig acquires BRF’s Quickfood division in Argentina for $55m

December 10, 2018

Marfrig has secured a deal to buy BRF’s Argentinean subsidiary Quickfood for $55 million as aims to grow its value-added product offer. The Brazilian companies also announced that Marfrig will take over the production at BRF’s plant in Várzea Grande, Brazil, to produce beef patties..

Jeans and other drugs: Novartis CEO Narasimhan’s prescription for a millennial-friendly culture

December 10, 2018

What does it take for a company to attract millennials? An inspiring culture—and jeans, according to Novartis CEO Vas Narasimhan. “When you look at successful innovation-driven companies, you have to have people who feel inspired and empowered and feel the curiosity to come up with..

Bunge CEO Schroder to step down

December 10, 2018

Global grains trader Bunge Ltd, which has been under pressure from activist investors, said on Monday Chief Executive Officer Soren Schroder would step down. Schroder, who served as CEO since 2013, will continue in his current role until a successor is named, the company said..

Sipchem and Sahara sign binding merger agreement

December 7, 2018

Saudi International Petrochemical Co. (Sipchem) and Sahara Petrochemicals Co. today announced the signing of a binding implementation agreement for their merger of equals through a share swap. This follows the signing of a nonbinding memorandum of understanding on 3 October. Sahara and Sipchem each have..

Sanofi plots 670 layoffs in France as local tensions brew

December 7, 2018

Sanofi may be on the up-and-up thanks to its vaccines unit and new anti-inflammatory star Dupixent, but the company still intends to shed more than 600 jobs in its home country over the next couple of years. The French drugmaker told unions Wednesday that it’s..

AstraZeneca divests asthma and rhinitis drug rights to Covis Pharma

December 7, 2018

AstraZeneca has completed its $350m sale of its rights to asthma drug Alvesco (ciclesonide) and nasal sprays Omnaris and Zetonna (ciclesonide) to Switzerland-based Covis Pharma. The divested rights by the UK-based AstraZeneca to Covis Pharma cover markets outside the US and the US royalties for..