PhRMA names new leadership

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Interest group PhRMA announced Friday that Pfizer's CEO and President Ian Read is its new chair, replacing Celgene CEO Robert Hugin. The Pharmaceutical Research and Manufacturers of America made the announcement at its annual meeting.

Friday's news included naming Merck President and CEO Kenneth C. Frazier chairman elect of the PhRMA Board of Directors.

Biogen Idec's CEO George A. Scangos was named treasurer.

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