Antitrust officials clear Sanofi’s tender offer for Chattem
PARIS Sanofi-Aventis has cleared its tender offer for Chattem with government antitrust officials, the French drug maker announced Tuesday.
Sanofi said waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976 has expired. The offer is expected to expire on Feb. 8 unless Sanofi extends it.
Sanofi originally offered to buy Chattanooga, Tenn.-based Chattem, the maker of products such as Selsun Blue and Cortizone-10, for $93.50 a share in December.
Pharmavite’s Walsh becomes COO
NORTHRIDGE, Calif. Pharmavite on Monday announced the promotion of Mark Walsh to COO, effective immediately. Walsh has been with Pharmavite for four years as VP operations and was responsible for demand forecasting, production planning, purchasing, manufacturing, customer service and distribution for all of the company’s products.
Prior to joining Pharmavite, Walsh worked in operations for Mars, Inc.
Walsh will report to Pharmavite’s board, the company reported.
Connie Barry, president and CEO since 2005, will transition into an advisory role and will continue to serve as a member of Pharmavite’s board. Barry announced in December that she will be stepping down from that role effective Jan. 31 because of personal health issues.
Lansinoh gets new CEO
ALEXANDRIA, Va. Lansinoh Labs on Monday announced that Kevin Vyse-Peacock, general manager of Lansinoh’s European operations, will be promoted to CEO, effective Feb. 15.
Vyse-Peacock replaces Gary Downing as CEO of Lansinoh’s global operations. Downing will remain on the company’s board of directors.
“The time has come for me to clear the way for the company’s next generation of leaders,” Downing stated.
Downing joined the Lansinoh board in 2001 and became CEO in 2002. During his term, Lansinoh’s sales have increased more than fivefold, and profitability has grown more than sevenfold. Several new Lansinoh products were successfully developed and launched under Downing’s tenure, along with a new branding and advertising campaign, new Web and e-commerce sites, and a “mommy blog.”