Good morning, everyone, and welcome to another working week. We hope the weekend respite was relaxing and invigorating, because that oh-so-familiar routine of meetings, deadlines, and what-not has predictably returned. To cope, we are, not surprisingly, firing up the coffee kettle and quaffing a few cups of needed stimulation. Our choice today is the seasonal pumpkin spice. Feel free to join us. Remember, no prescription is required. So time to get cracking. Here are a few tidbits to help you on your journey. Have a smashing day and do keep in touch …

After running Pfizer (PFE) for the past eight years, Ian Read will step aside as chief executive officer on Jan. 1, 2019, and will be succeeded by Dr. Albert Bourla, who is currently chief operating officer, STAT writes. The drug maker, which has been facing pressure to boost sales amid debate over pricing, says the move was part of a planned transition begun last year. Bourla will take over just as Pfizer will lose U.S. patent protection on the Lyrica painkiller, its biggest-selling drug, which generated $3.9 billion in global sales in 2017, which included $3.5 billion in revenue in the U.S.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with decades of industry experience.

What's included?

  • Authoritative biopharma coverage and analysis, interviews with industry pioneers, policy analysis, and first looks at cutting edge laboratories and early stage research
  • Subscriber-only networking events and panel discussions across the country
  • Monthly subscriber-only live chats with our reporters and experts in the field
  • Discounted tickets to industry events and early-bird access to industry reports

Leave a Comment

Please enter your name.
Please enter a comment.

Sign up for our Daily Recap newsletter

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy