Tarsus Pharmaceuticals replaces CFO
CFO Dive
APRIL 25, 2023
The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.
New CVS drug pricing formula won’t drive up costs, CFO says
CFO Dive
JANUARY 8, 2024
Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.
Pharmaceutical 
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Pharma CFO Anthony Doyle Plans for Uncertainty
CFO
APRIL 21, 2022
“If we tell you something, it’s because we believe it, and we’re neither sandbaggers nor are we going to lead with our chin and put out outrageous goals,” said Anthony Doyle, CFO of BioCryst Pharmaceuticals, when asked to describe how the publicly held biotech has established credibility by executing on projections.
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Government steps up efforts to drive innovation in pharmaceutical sector
CFO News
FEBRUARY 13, 2023
"We are in the process of identifying seven centres of excellence (CoE) which will undertake research in moonshot areas," N Yuvaraj, joint secretary, department of pharmaceuticals, to ET.
983: The CFO as Architect of Value | Aaron Alt, CFO, Cardinal Health
CFO Thought Leader
MARCH 17, 2024
In the world of finance, where leadership roles await those who distinguish themselves along a select number of familiar paths, Aaron Alt’s journey to becoming a CFO stands out for its breadth and depth, transcending conventional boundaries. We’re a distributor of pharmaceutical products across the U.S.,
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CFO Pros on the Move: April
The Finance Weekly
MAY 4, 2023
Now, more than ever, the decisions made by the CFO are likely to affect the performance of the entire organization. In this article, we have compiled a list of some of the CFO moves that took place in April. CFO Pros on the Move April 2023 Jiajia Wu | Hyzon Motors , Jiajia Wu has been appointed as the interim CFO at Hyzon Motors.
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Hong Kong-based Immuno Cure BioTech names new CFO
Future CFO
NOVEMBER 22, 2022
Immuno Cure BioTech, a clinical stage biotechnology group based in the Hong Kong Science Park specialising in DNA vaccines and immunotherapies, announced recently the appointment of Mark Lo Chun Bun as CFO of the Group. More CFO appointment news The post Hong Kong-based Immuno Cure BioTech names new CFO appeared first on FutureCFO.
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920: When Leadership Calls | Erin Colgan, CFO, Sensei Bio
CFO Thought Leader
JULY 30, 2023
Thus it was for Erin Colgan, who in July 2020—after having invested 9 years within the finance rank-and-file of pharma giant Vertex Pharmaceuticals and 8 years with PWC—opted to become the 20th employee of a promising biotech start-up. Colgan observes: “You can’t make those types of decisions ‘later.’
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Transcenta announces the appointment of Daniel Weng as CFO
Future CFO
JANUARY 17, 2022
Hong Kong-listed clinical stage biopharmaceutical firm Transcenta Holding Limited announces the appointment of Daniel Weng as the company's CFO. Prior to Transcenta, he served as the vice president and Head of finance at Hong Kong-listed CStone Pharmaceuticals.
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946: Using the Influence at Your Command | Natalie Laackman, CFO, MedSpeed
CFO Thought Leader
OCTOBER 29, 2023
Now Read the article on Forbes.com CFO Natalie Laackman discusses the importance of empowering and enabling operational teams to identify ways to add value to clients, especially in the face of escalating costs, and how this approach helps in building client relationships. Like many companies, we’re still early-stage.
CFO Pros on the Move: March
The Finance Weekly
APRIL 1, 2023
However, amidst this uncertainty, the need for qualified CFOs remains as crucial as ever. CFO Pros on the Move March 2023 Steve Nave | Funko Funko, the pop-culture toy company, has named , Steve Nave as its CFO and COO. Burke takes over from Brian Cooper, who assumed the CFO role in 2021. She is also a U.S. Army veteran.
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922: The Lessons We Learn | Dev Ahuja, CFO, Novelis
CFO Thought Leader
AUGUST 6, 2023
Still, Ahuja’s Swiss experiences would prove to grow even more valuable in the years ahead, as he would come to occupy the CFO offices of Novartis Korea (3 years) and Novartis Japan (2 years). ” –Dev Ahuja, CFO, Novelis CFOTL: Tell us about Novelis …. In the pharmaceutical space, I was very proud of what I was doing.
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Netflix, Alphabet, Nordstrom, PagerDuty, more
CFO News Room
JANUARY 21, 2023
” Eli Lilly — Shares of the pharmaceutical company slumped more than 1% in premarket after the U.S. Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. The firm also announced that co-CEO Reed Hastings would step down from the role.
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StemiRNA Therapeutics appoints Dr. Jack Hu as CFO
Future CFO
JANUARY 4, 2022
StemiRNA Therapeutics — a clinical stage mRNA biopharmaceutical company located in Shanghai, Beijing and Boston — recently announced the appointment of Dr. Jack Hu as CFO. The post StemiRNA Therapeutics appoints Dr. Jack Hu as CFO appeared first on FutureCFO.
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Why More International Life Sciences Companies Are Locating in Austria
CFO News Room
DECEMBER 17, 2022
American biotech, pharmaceutical, and life sciences companies face myriad challenges today. life sciences industry, if only because of its size: annual pharmaceutical revenue alone is estimated at well above half a trillion dollars. © Boehringer Ingelheim, Dieter Quant. There are no simple, one-stop-shop solutions for the U.S.
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DEA Pressed ADHD-Drug Makers About Impact of Telehealth Firms on Surging Demand
CFO News Room
DECEMBER 31, 2022
The DEA said in December that it wouldn’t allow any increase in 2023 production of pharmaceutical ingredients that go into Adderall and other stimulants used to treat ADHD. While the letter doesn’t cite specific companies, it reflects the DEA’s concerns about marketing efforts for ADHD treatment by telehealth companies such as Cerebral Inc.
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People moves: Xinjiang Goldwind, Fabchem China
Future CFO
AUGUST 9, 2022
announced recently the appointment of Wang Hongyan as CFO. Wang was the CFO of Beijing Konruns Pharmaceutical Co., Singapore-listed Fabchem China Limited said lately that it has named Kwek Wei Lee as CFO. Hong Kong-listed Xinjiang Goldwind Science & Technology Co., from March 2020 to August 2021. from 2004 to 2005.
Govt plans major capital goods production push
CFO News
APRIL 17, 2024
India is considering expanding its capital goods promotion scheme to include sectors like pharmaceuticals and textiles. The current scheme primarily supports electrical component and automobile manufacturing, but the government is now considering extending support to other sectors.
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FTAs and new markets will increase India's export to USD 1 trillion by 2030
CFO News
MARCH 29, 2024
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
Govt mulls tweaks to PLI for textile, pharma & food processing
CFO News
JANUARY 30, 2024
The government is in the process of modifying the production-linked incentive (PLI) schemes for textiles, food processing, and pharmaceuticals. lakh crore PLI scheme covering 14 sectors, including textiles and pharmaceuticals, was announced in 2021.
India's pharma biz can reach USD 130 billion by 2030: Industry experts
CFO News
NOVEMBER 28, 2023
Chairman of PharmExcil (Pharmaceuticals Export Promotion Council of India) Veeramani S V said the Indian pharmaceutical industry is on a compelling growth trajectory, evidenced by an 8 per cent year-to-date increase in exports and a remarkable 29 per cent surge in October alone.
Govt may soon tweak PLI schemes for pharma, textiles, drones
CFO News
SEPTEMBER 19, 2023
The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The changes include extending timelines for the pharmaceutical sector and adding additional products in certain sectors.
Pharmaceutical industry expected to see positive growth this year: Charu Sehgal, Deloitte India
CFO News
JUNE 9, 2023
According to Charu Sehgal, the market expectations are on similar lines as indicated by the stock prices which for many pharma companies had risen by 20-30% in Apr’20 compared to the Q3FY20 period.
Tesla, Southwest, Apple, AMC and more
CFO News Room
DECEMBER 28, 2022
Kala Pharmaceuticals — The biopharmaceutical company surged more than 200% following the Food and Drug Administration’s acceptance of an investigational new drug application for its potential treatment for persistent corneal epithelial defect. The firm gave the stock a price target of $29, which presents an upside of 75.4%
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Indian pharma headwinds to subside in FY24: ICRA
CFO News
JULY 25, 2023
Rating agency ICRA said it expects the revenues of its sample set of 25 Indian pharmaceutical companies which account for 60% of the overall Indian pharmaceutical industry to grow by 7-9% in FY24.
M&A deal activity set to pick up this year, may touch $75 billion: Ganeshan Murugaiyan, BNP Paribas
CFO News
APRIL 14, 2024
Indian M&A activity set to rise to $75 billion in 2024, driven by private equity, IT, core industrial space, and pharmaceuticals, with influences from cross-border deals, M&A valuations, equity, debt markets, and IPOs.
Pharmaceutical companies step up hiring of sales representatives to expand market share
CFO News
DECEMBER 22, 2022
Industry executives and headhunters told ET that salesforce is needed as they launch more products targeting chronic therapeutic segments such as diabetes, heart failure, central nervous system and respiratory.
As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbers
CFO News
FEBRUARY 11, 2024
Executives at airlines and travel companies said increased activity among IT, mechanical, banking services, and pharmaceutical companies is driving the trend.
Walgreens CFO Unfazed By Amazon’s Pharmacy Entry
PYMNTS
NOVEMBER 19, 2020
with most people fiercely loyal to physical drug stores for their pharmaceutical needs, Bloomberg reported. TJ Parker , vice president of Amazon Pharmacy, said the company's goal is to make a "inject transparency into the market" so customers know exactly what their options are, according to the PYMNTS report.
India is probably the third largest market for Citigroup's corporate banking business
CFO News
APRIL 7, 2024
In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in infrastructure, pharmaceuticals, and automobiles.
Indian drug manufacturers benefit from Big Pharma interest beyond China
CFO News
NOVEMBER 26, 2023
China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there.
Hiring for entry-level, junior white-collar jobs to rebound in March quarter
CFO News
DECEMBER 12, 2023
Sectors that are likely to drive new job creation include healthcare and pharmaceuticals, electric vehicles, infrastructure. Consumer and retail companies will see a resurgence in the March quarter from muted demand in semi-urban and rural areas in the festive season in the December quarter.
Govt, industry discuss ways for successful implementation of PLI schemes
CFO News
FEBRUARY 4, 2024
Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceuticals, participated in the discussions.
Pharma companies seek one-time nod to delink from WPI, avert price cuts
CFO News
JANUARY 28, 2024
India's pharmaceutical industry is seeking a one-time exemption from price control measures tied to the declining wholesale price index (WPI). Under the Drug Price Control Order (DPCO) 2013, scheduled drug prices are revised based on the previous year's WPI.
Mubadala plans big deals in India's healthcare space
CFO News
APRIL 1, 2024
With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India. Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. This move aligns with Mubadala's strategy to generate sustainable financial returns.
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Mankind Pharma and Baidyanath Ayurveda in race for government's IMPCL
CFO News
NOVEMBER 5, 2023
Mankind Pharma and Baidyanath Ayurveda are among the companies that have submitted expressions of interest (EoIs) to acquire 100% of government-owned Ayurveda company Indian Medicines Pharmaceutical Corporation (IMPCL), according to sources in the know.
FMCG, automobile and mobile phone dealers seek laws to protect them in deals with companies
CFO News
NOVEMBER 12, 2023
Distributors and dealers across 18 sectors in total, including pharmaceuticals, paper, plastics, and electronics, have jointly raised their concerns and called for new laws and policies to protect their interests.
Govt to introduce incentive scheme to boost R&D by pharma industry: DCGI Somani
CFO News
JANUARY 20, 2023
Somani was speaking on the first day of the 72nd Indian Pharmaceutical Congress in Nagpur. The three-day event will cover various issues related to the pharmaceutical industry, academia and community pharmacy and will be attended by delegates from India and abroad.
ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants
CFO News
NOVEMBER 15, 2023
This initiative aligns with the global shift away from fossil fuels, with ONGC targeting the production of chemicals that are crucial for manufacturing detergents, fibers, plastics, and pharmaceuticals.
Walgreens, Coinbase, Duolingo, Ralph Lauren
CFO News Room
NOVEMBER 11, 2022
GSK — Shares of the pharmaceutical company dropped 6.2% Ralph Lauren — The clothing maker popped 7.7% after it reported better-than-expected second quarter earnings. UBS called the company a “turnaround stock,” noting useful changes to its business model.
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India Inc gears up to manage crisis, cyber threats: Survey
CFO News
OCTOBER 22, 2023
PwC India said 112 organisations from diverse industries, such as telecommunications, industrial products and manufacturing, financial services, banking and capital markets, automotive, education, healthcare, and pharmaceuticals, were surveyed. "The
FM Nirmala Sitharaman calls on companies to drive India-Lanka economic integration
CFO News
NOVEMBER 3, 2023
FM suggested that Sri Lanka explore the feasibility of widening its economic basket from just tourism and tea to focus on sectors like pharmaceuticals and renewable energy, according to a post by the Indian finance ministry on X (formerly Twitter).
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Report: Using Digital AP To Build Faster Subcontractor Payments Flows
PYMNTS
SEPTEMBER 24, 2020
The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools. The CFO Guide To Digitizing B2B Payments , a collaboration between PYMNTS and Comdata , examines how companies are upgrading to digital vendor onboarding and payments.
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Kotak Fund to invest ?1,600 crore in Nimmagadda Prasad's API business
CFO News
OCTOBER 8, 2023
Kotak Strategic Situations Fund (KSSF) plans to invest around ₹1,600 crore in the active pharmaceutical ingredients (API) business acquired by Nimmagadda Prasad. The fund will support the acquisition through a $200 million funding, provided through a mix of structured debt and equity.
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