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Pfizer Lifting Prices on 41 Drugs in 2019
Ian Read to retire as Pfizer executive chairman | Reuters
Ian Read, 61, a Scottish-born businessman with a deep accounting chops, is spearheading the deal that's all about taking on faster-growing European drug giants and getting tax rates down. The deal "allows us as Pfizer with Allergan to strengthen our innovative businesses and make it world competitive, while allowing our established products business to also be more successful," Read said in a prepared online video for investors. Read's challenge will be to find ways to continue to charge top dollar for the company's aging pipeline of products. Pfizer keeps nearly 82 cents of every dollar of revenue after paying direct costs.
Pfizer's CEO is stepping down after 8 years — meet the man who will be replacing him
Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. Ian Read is stepping down after eight years as chief executive of Pfizer. During his tenure, Mr. Through deal making, he focused the company on its core business like vaccines and other specialized treatments. He acquired companies like Hospira , a maker of complicated generic versions of biotech treatments, and spun off divisions, such as an animal health business that is now the separately traded Zoetis.
When it comes right down to it, much of that is directly tied to Read and the decisions that he makes on a day-to-day basis. If you want to know more about him, read through the 10 things that are listed below. As you might have guessed from his name, Ian, he comes from a Celtic family. In fact, his family takes a great deal of pride in their Scottish roots. Read himself frequently returns to Scotland in order to spend time in his homeland.