Sector News

Novartis names Bulto as new head of U.S. drugs business

August 15, 2019
Life sciences

Swiss drugmaker Novartis has named company veteran Victor Bulto as head of its U.S. pharmaceuticals business, effective on Sept. 1.

He replaces Fabrice Chouraqui, who will step down at the end of August, Novartis said in a statement.

It gave no reason for the switch, which comes as the drugmaker faces U.S. scrutiny over its handling of a case of manipulated data linked to its $2 million per treatment gene therapy, Zolgensma.

A spokesman said the two matters were not related.

The statement said Chouraqui had “consistently demonstrated strong leadership, ethics and integrity” during his tenure.

Bulto, who will report to Marie France Tschudin, global president of Novartis Pharmaceuticals, is a 14-year company veteran who has worked across every therapeutic area at the group and helped launch several products, including top-selling inflammation drug Cosentyx in the U.S. market.

By Paul Arnold

Source: Reuters

Related News

June 2, 2020

New vaccine for Ebola among CHMP recommendations

Life sciences

Johnson and Johnson’s experimental two-stage vaccine for protection against Ebola virus disease is among eight medicines backed by the European Medicines Agency’s human medicines committee (CHMP) at its May meeting. […]

June 2, 2020

Lilly begins first clinical trial of antibody that targets SARS-CoV-2

Life sciences

Eli Lilly and Company is the first company to begin a clinical trial of a monoclonal antibody that targets SARS-CoV-2, the novel coronavirus that causes COVID-19. AbCellera, an antibody start-up in […]

May 28, 2020

Thermo Fisher continues global expansion push with CSL Behring biologics plant lease

Life sciences

Thermo Fisher Scientific has aggressively expanded its biologics manufacturing capacity in recent months, dumping millions into capital spending. Now, in another deal that will keep its supply chain growing, Thermo […]