Pharmaceutical Executive Europe - October 2008 - (Page 37)
Last Words… The month in pharma, according to industry leaders, regulators and commentators. Pharma companies are not only expected to weather the financial storm successfully, but also to use this period to exploit their unique cash strength by embarking on an acquisition spree. — Datamonitor analyst Chris Phelps on pharma and the credit crunch. “The biotech industry needs to rethink its business model. It has for too long picked the low-hanging fruit.” — Thomas Lönngren, executive director, EMEA, speaking at EuroBio 2008 (Paris, France). Despite the economic crisis, they all came! — EuroBio 2008 commissioner general Eric Poincelet on the event’s attendance figures. We feel that the Eli Lilly transaction vindicates our decision to oppose in 2006 a potential transaction in which the company would have been sold at approximately $36 per share, which the prior board favoured — Carl Icahn, ImClone chairman, on Eli Lilly’s takeover of his company. It has become clear in recent years that the ABPI’s agenda is driven by the interests of its largest multinational members and that it is no longer representing the interests of small and medium-sized companies with existing products on the market. — Norgine’s chief operating office Peter Martin on the company’s decision to resign from the Association of the British Pharmaceutical Industry (ABPI). We are in troubled economic times in part because the country failed to remember that basic innovation made our country great and has driven our economic growth. — William R. Brody, incoming president of the Salk Institute for Biological Studies (US). 3 News The monthly round-up of European stories 6 Calendar Upcoming events in Europe and around the world 7 BioFutures Gerhard Symons on the dark side of Russian healthcare 10 Strategy Brian Smith on the best company culture thinking
Table of Contents for the Digital Edition of Pharmaceutical Executive Europe - October 2008
Pharmaceutical Executive Europe - October 2008
Contents
News and Analysis
Calendar
BioFutures
Strategy Fundamentals
Executive Recruitment: Small Company, Big Career
Executive Recruitment: Instant Pharma
Named Patient Programmes
Executive Review: Turkey
Pharmaceutical Executive Europe - October 2008
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