Company will seek CEO with experience in brand name drugs to succeed Alan Cohen, who is retiring. Cohen is expected to continue through the transition process
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Andrx Chief Scientific Officer and Pharmaceuticals President Chih-Meng Chen, PhD, resigns. Chen will remain co-chairman of board and will work for Andrx as a consultant. His position as Andrx Pharma president will be temporarily filled by Exec VP and General Counsel Scott Lodin. Andrx is also looking for a CEO. The company announced in April that CEO Alan Cohen will retire (1"The Pink Sheet" April 16, p. 7)
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