Off-Patent Personnel Moves In 2023 Reflect Growing Interest In Innovator Space
Viatris And Teva Both Appear Increasingly Interested In Branded Businesses
Executive changes at both Viatris and Teva in 2023 saw the companies shift their focus towards the innovator industry. Plus, trade groups saw some significant personnel shakeups, Alvotech expressed hope that new hires would help to resolve manufacturing approval issues, Biocon made changes to its management structure, and more.
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As part of a Generics Bulletin series focusing on some of the industry’s biggest players, we look at the changing landscape at Teva in 2023, spearheaded by the appointment of its CEO Richard Francis.
In 2024, Viatris will initiate the second phase of its long-term business plan, which will see it step away from the perceived volatility of the generics space and begin to move toward innovative and high-growth products. The past year has seen it lay the groundwork for this pivot, shedding surplus business units and making significant hires from the branded space.
Shortly after departing from her role as Teva’s COO for US generics and biosimilars, Christine Baeder has been named as president of Apotex in the US. Meanwhile, Coherus Biosciences has announced a CFO transition and Amgen has made executive appointments to “accelerate innovation”.