Sanofi-Aventis completes Genzyme acquisition
PARIS — Sanofi-Aventis said it completed its exchange offer for drug maker Genzyme, which expired just before midnight April 1.
All 224,528,469 shares of Genzyme common stock were validly tendered, which is represented by 84.6% of common stock and 77% of shares on a diluted basis.
Last month, the board of directors of Genzyme unanimously recommended that shareholders accept French drug maker Sanofi-Aventis’ $74-per-share buyout offer.
Daiichi Sankyo appoints new CEO
PARSIPPANY, N.J. — Daiichi Sankyo’s SVP commercial operations has taken on a new role at the company.
The drug maker said that John Gargiulo would become president and CEO, effective Monday, following the retirement of current leader Joseph Pieroni.
Gargiulo has been with Daiichi Sankyo since its inception in 1996. In addition to his role at the company, he currently serves on the board of directors of the Pharmaceutical Research and Manufacturers Association, as well as the National Pharmaceutical Council.
"I am excited about leading DSI through our next company milestones and fostering a continuing vision of employee excellence that will drive DSI growth and success," Gargiulo said.
Jaeger resigns from CEO post at NCPA
ALEXANDRIA, Va. — Just four months after being appointed EVP and CEO of the National Community Pharmacists Association, Kathleen Jaeger is making an exit.
The NCPA said that Jaeger will be leaving the organization to pursue other opportunities. Effective immediately, Douglas Hoey, who has served as NCPA’s COO since 2005, will assume the chief executive role.
Commenting on the executive change, NCPA president Robert Greenwood said Jaeger brought "many talents and ideas to NCPA" and wished her luck on her future endeavors. Greenwood added that Hoey "has dedicated his career to advancing the ability of community pharmacists to effectively care for their patients."
Responding to his appointment, Hoey said, "I am excited and honored to lead this outstanding organization. And I am humbled by the trust that NCPA’s executive committee has placed in me," Hoey said. "Community pharmacists play a critical, and growing, role in today’s healthcare system. They provide trusted medication counseling, adherence services, patient care and other cost-saving services to millions of Americans."