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TheStreet Open House

Celgene's Robert J. Hugin Becomes PhRMA Board Chairman; Ian C. Read, Kenneth C. Frazier Assume New Posts

Mr. Read is the chairman and CEO of Pfizer. He began his career with Pfizer in 1978 as an operational auditor. Mr. Read worked in Latin America through 1995, holding positions in a number of Pfizer's international operations. In 1996, he was appointed president of Pfizer's International Pharmaceuticals Group, with responsibility for Latin America and Canada. He became executive vice president, Europe in 2000, and was named a corporate vice president in 2001. In 2006, he became senior vice president, Pfizer, and group president of the Worldwide Biopharmaceutical Businesses.

"The biopharmaceutical industry's efforts to discover and develop innovative new medicines not only has a significant impact in saving and improving lives, but is also an essential driver of the broader economy," Mr. Read said. "PhRMA is committed to working with policymakers, elected officials and our members to develop the right policy framework that supports innovation that results in creating value for society by enhancing productivity and improving the quality of life globally."

Mr. Frazier is chairman, president and CEO of Merck & Co. Previously, he served as president of Merck with responsibility for the company's three major divisions: Global Human Health, Merck's sales and marketing division for pharmaceutical and vaccine products; Merck Manufacturing, the company's manufacturing and supply division; and Merck Research Laboratories, Merck's research organization. Mr. Frazier received his bachelor's degree from The Pennsylvania State University and holds a J.D. from Harvard Law School.

"Congratulations to my colleagues who have made many outstanding contributions to healthcare and our industry through their work with PhRMA. I look forward to continuing my work with PhRMA to ensure that patients and caregivers benefit from the many scientific advances that the pharmaceutical industry has to offer," said Mr. Frazier.

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