Pfizer confirms merger discussions with AstraZeneca
NEW YORK — U.S. pharmaceutical firm Pfizer this morning confirmed discussions with AstraZeneca regarding a possible merger. If the transaction goes through, it’s expected that the two companies will combine under a new U.K-incorporated holding company.
Pfizer said it would expect the combined company to have management in both the United States and the United Kingdom, with head offices in New York. AstraZeneca was approached in January 2014 regarding a possible merger, but the company declined to continue with negotiations at that time.
“We have great respect for AstraZeneca and its proud heritage as an innovation-driven biopharmaceutical business with a rich science-based foundation in both the United Kingdom and Sweden. In addition, the United Kingdom has created attractive incentives for companies to manufacture products and maintain and protect intellectual property, and we have seen that capital and jobs have followed these types of incentives," Pfizer said. "“We believe patients all over the globe would benefit from our shared commitment to R&D, which is critical to the future success of the pharmaceutical industry, in the form of potential new therapies that help to fight some of the world’s most feared diseases, such as cancer."
Anda facilitates business relationship-building
PHOENIX — More than 350 executives who participated in Anda’s Seventh Annual Supply Chain Symposium Thursday and Friday here, including a record 25 retailer representatives, were treated to keynote addresses from sport legends Julius “Dr. J” Erving and four-time Super Bowl champion Joe Montana.
For the event’s golf tournament Friday afternoon, professional golfer Kenny Perry was on hand to provide a clinic and golfing anecdotes to attendees. Perry currently plays on both the PGA Tour and the Champions Tour, and won his first senior major championship on June 30, 2013.
Al Paonessa of Anda, Tony Mihelich of Anda, Joe Montana, and Bill Versosky of Anda
During lunch, attendees were given an update on pedigree legislation from HDMA’s SVP industry relations, membership and education Perry Fri.
“The Annual Supply Chain Symposium has grown into a great event,” said Al Paonessa, Anda president. Getting people together a couple of times each year — this is one event, and Anda does another in the fall — is an opportunity for Anda to help facilitate deals between its retail customers and manufacturers. “It’s not all driven by the lowest cost of goods; it’s driven by relationship-building, and there are things we can do to help facilitate what happens,” Paonessa said.
“We create an atmosphere to help [retailers and manufacturers] build relationships and do the things they need to do to bring value,” said Tony Mihelich, Anda VP purchasing. “In the end the retailer wins, the manufacturer wins and Anda wins.”
“The key to this event, what really does make it unique, is the casual atmosphere,” said Bill Versosky, VP sales and marketing for Anda. “We look at both the manufacturers and the retailers as our customers, so this [event is where] we bring all of our customers together and enable conversations between them to help grow their businesses.”
To see more photos from the Anda events, click here.
Creating a successful, transformational culture
SCOTTSDALE, Ariz. — On April 25, this group of senior executives and keynote speaker — Walmart SVP OTC, health and wellness Carmen Bauza — gathered for the latest Elevation Forum the day prior to the kickoff of NACDS Annual Meeting here. Bauza passionately shared with the group how to become a truly relevant partner with Walmart by bringing diversity of thought, aligning with their digital strategy, helping Walmart attract millennials and birthing game-changing ideas for the core consumer. Bauza moderated more than a two-hour discussion filled with invaluable ideas and philosophies on creating a strategic partnership.
Bauza has been leading Walmart’s OTC, health and wellness organization for the last year, as the department transformation continues. “Health and wellness is a strategic pillar of our company, and we must connect with the consumer where the customer is. I am looking for idea people who can re-imagine health care and create healthcare destinations with lifestyle solutions. My vision is to challenge the norms of health care and experiential solutions.”
Carmen Bauza, Walmart’s SVP OTC, health and wellness, shared how to become a successful partner of Walmart and moderated a two-hour discussion as the event’s keynote speaker.
Bauza added: “I encourage you all to create game-changing consumer solutions for our stores — partnering with other like-minded companies. And with the growth of smaller format stores, you must think about how to improve section productivity with the right items for the needs of this small-format consumer.”
Friday’s forum started with a robust presentation and discussion lead by Mack on how to create resilient, winning organizations. “[When] creating cultures that thrive, balancing flexibility and discipline is a formula for success. These cultures are some of the best in creating breakthrough ideas, retaining talent while driving results. It also encourages resiliency, which is essential for competitive advantage. In fact, there is quite a bit of new research that supports the idea that personal resilience is more important than talent,” Mack said. “If that is true, we must think differently about how we recruit and lead our organizations.”
Dan Mack, Mack Elevation Forum leader, spoke about being an advocate of change within a company during Friday’s Elevation Forum.
The next Elevation Forum will be held June 17 in Minneapolis with keynote speaker Doug Stukenborg of Target. The executive forum team will continue the vision of uncovering unique insights and discussing the best practices engaging the industry.