Celgene's Robert J. Hugin Becomes PhRMA Board Chairman; Ian C. Read, Kenneth C. Frazier Assume New Posts
SAN DIEGO, April 12, 2013 /PRNewswire-USNewswire/ -- Robert J. Hugin, chairman and CEO of Celgene Corporation, was elected chairman of the Pharmaceutical Research and Manufacturers of America (PhRMA) today at the trade association's annual meeting. Also elected were Ian C. Read, president and CEO of Pfizer Inc, as chairman-elect of the PhRMA Board of Directors, and Kenneth C. Frazier, Chairman, President and CEO of Merck & Co, Inc., as Board treasurer.
Mr. Hugin succeeds John C. Lechleiter, Ph.D., chairman, president, and CEO of Eli Lilly and Company, as PhRMA's chairman.
" John Lechleiter's tireless leadership over the past year has helped to reinvigorate the biopharmaceutical research sector at a time when a challenging public policy environment threatens to put America's global leadership in medical innovation at risk," said PhRMA President and CEO John J. Castellani. "As Bob Hugin assumes the chairmanship, I know he will continue to emphasize the importance of patient-centered policies that properly value medicines, incentivize innovation and provide a strong foundation for the millions of U.S. jobs our industry creates and supports."Mr. Hugin became CEO of Celgene Corporation in June of 2010 having served as president and chief operating officer since May 2006. In June 2011, the Celgene Board of Directors elected Mr. Hugin chairman. He was instrumental in the strategic growth of the company, overseeing the expansion of Celgene from a U.S.-based biopharmaceutical company to a global company with operations in more than 50 countries located in the Americas, Europe, Japan and the Asia-Pacific region. He joined Celgene as senior vice president and chief financial officer in June 1999 and was elected to the Board of Directors in December 2001. "I look forward to working with our leadership team, the PhRMA staff, and our member companies to advocate for policies that support the advancement of medical innovation and that ensure access for patients to life-extending therapies," Mr. Hugin said. "Through our actions, we must ensure that continued medical innovation is part of the solution to healthcare costs and economic growth in the long term."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV