Pfizer to replace longtime CEO Read with veteran Bourla
Publishing timestamp: 2018-10-01 10:49:06
Summary
Pfizer's CEO Ian Read will hand over the reins to Albert Bourla in January after eight years at the helm. Read weathered patent expirations and won approvals, but failed to pull off two high-profile deals. Bourla, who was COO, is seen as a leading candidate for the top job. The transition comes amid pressure to lower drug prices and as Pfizer prepares for the patent expiration of Lyrica.
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Keywords: health care industry, biotech and pharmaceuticals, pfizer inc, business, merck & co inc, allergan plc, business news, astrazeneca plc,