PHARMACY

Gilead Sciences completes acquisition of CV Therapeutics

BY Alaric DeArment

FOSTER CITY, Calif. Gilead Sciences has completed its $1.4 billion takeover of CV Therapeutics, the drug maker announced Wednesday.

The company said it tendered more than 88% of outstanding shares of common stock of CV by the close of business Tuesday.

Gilead announced the takeover of CV last month amid a wave of acquisitions among large pharmaceutical companies.

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PHARMACY

Petrou tapped to become HHS chief of staff

BY Alaric DeArment

WASHINGTON A former aide of former Sen. Tom Daschle will become the new chief of staff for the Department of Health and Human Services, according to published reports.

Politico reported that Laura Petrou, who worked for the South Dakota Democrat for 20 years, will start the position this week.

Mark Childress has served in the position since January. Childress also previously worked for Daschle.

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Mylan announces new VP global business development

BY Alaric DeArment

PITTSBURGH Generic drug maker Mylan announced Tuesday that it made an appointment to its executive leadership team.

Mylan appointed former Merrill Lynch investment banker Andrew Cuneo as VP global business development. The company said Cuneo is responsible for coordinating its global business development and strategic efforts.

“Drew brings a wealth of experience in the pharmaceutical, biotechnology and healthcare sectors,” Mylan vice chairman and CEO Robert Coury said in a statement. “His familiarity with our industry – and in particular with Mylan, given his and Merrill Lynch’s active role with the company during the past five years – makes him ideally suited to support the company’s continued growth.”

Most recently, Cuneo served as Merrill Lynch’s director in its global healthcare investment banking group. He earned his bachelor’s degree in economics and psychology from Vanderbilt University.

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