BMS creates strategic leadership committee

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Lamberto Andreotti
Lamberto Andreotti

Bristol-Myers Squibb (BMS) has created an executive committee of four, which will serve as the company's “senior strategy and decision-making body,” according to a BMS statement.

Lamberto Andreotti was promoted from EVP to president, and retained his role as COO. He was also tapped as a member of the executive committee, along with Elliott Sigal, EVP, chief scientific officer and president of R&D, Jean-Marc Huet, EVP and chief financial officer, and Jim Cornelius, chairman and CEO.

Tracy Furey, a BMS spokesperson, told Bloomberg that the committee will guide development of the company's experimental drugs, pursue small biotechnology companies and strike profit-sharing deals for new products.

In addition to establishing the committee, BMS announced several other promotions and appointments:

  • Anthony Hooper to president, Americas
  • Beatrice Cazala to president, global commercialization, and president, Europe
  • John Celentano to president, emerging markets and Asia-Pacific
  • Carlo De Notaristefani to president, technical operations and global support functions
  • Giovanni Caforio to SVP, global and US oncology

In a separate announcement, BMS said it will collaborate with two Japanese companies—Nissan Chemical Industries and Teijin Pharma Limited—to develop and commercialize NTC-801, an experimental treatment for abnormal heart rhythm, or atrial fibrillation.

Under the terms of the deal, which includes an up-front payment of $40 million and potential milestone payments in the future, BMS will obtain exclusive licensing rights to the drug worldwide, except in Japan.

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