Pink Sheet is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

SYNTEX TAPS NEUREX CEO JAMES WILSON AS PRESIDENT AND CHIEF OPERATING OFFICER

Executive Summary

SYNTEX TAPS NEUREX CEO JAMES WILSON AS PRESIDENT AND CHIEF OPERATING OFFICER, effective Jan. 1, 1991. The appointment marks Wilson's return to Syntex after nine years as CEO of two other health care companies, Neurex and Lifescan. Wilson will report to current CEO Paul Frieman, who was named chairman of the board of directors following the death of Albert Bowers, PhD, on July 26. Bowers had planned to retire July 31 because of failing health. Wilson, 46, joined Syntex Labs marketing staff in 1968 and later moved up to director of marketing. He was named president of the company's Ophthalmics division in 1977 and became president of the Beauty Care division in 1981. Wilson left Syntex in 1982 to join Lifescan as president and CEO. Lifescan, which markets glucose testing products for diabetics, was acquired by Johnson & Johnson in 1986. Wilson became chairman and CEO of Neurex in January 1989. The start-up R&D company was founded in 1986 to develop pharmaceuticals "by understanding and modifying the process of cellular communication," Neurex said. Freiman, 56, has been with Syntex since 1962, when he became a service rep for Syntex Laboratories. He has been president of Syntex Labs, as well as senior VP and exec VP of Syntex Corporation. Freiman is an executive committee member and treasurer of the PMA and chairman of the American Pharmaceutical Institute. A native of Manchester, England, Bowers received a BSc in chemistry from London University and a PhD in organic chemistry from the University of Manchester; he did postdoctoral work in the U.S. under a Fulbright Fellowship. Bowers joined Syntex in 1956 as a group leader in research. He became corporation president in 1976, CEO in 1980, and chairman of the board in 1981. The company experienced impressive growth with Bowers at the helm; sales grew from under $250 mil. when he took over as president to $1.3 bil. in 1989. During the same period, Wall Street's market valuation of Syntex has grown from $620 mil. to$6.9 bil. currently. Bowers served on the PMA board from 1972 to 1989, and was chairman from 1982 to 1983. He had been a director of the Clorox Company, the Business-Higher Education Forum, and the Rockefeller University Council; he also sat on the Advisory Board of the Beckman Center for History of Chemistry and the Executive Committee of the Bay Area Council. In addition, he was a founding member of the board of trustees of the University of California San Francisco Foundation. Frieman had assumed Bowers' responsibilities as CEO on Aug. 1, 1989, after Bowers had requested a reduction in his daily workload. Syntex said at the time that Bowers had been receiving medical care "for some time for a cardiovascular condition" ("The Pink Sheet" Feb. 27, 1989, T&G-7).

You may also be interested in...



Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth

Latest Headlines
See All
UsernamePublicRestriction

Register

PS017868

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel