Monday, March 3, 2014

New German chairmen change guard at Novartis, Roche

Franz CEO of German air carrier Lufthansa attends the general meeting in Cologne By Caroline Copley ZURICH (Reuters) - When outgoing Lufthansa chief executive Christoph Franz takes over as chairman of Swiss drugmaker Roche on Tuesday, it could be the start of a new era of less-frosty relations with arch-rival Novartis . The departure last year of Novartis architect and CEO-turned-chairman Daniel Vasella marked the first step towards a thawing-out process. He had upset Roche, the world's biggest cancer drug maker, by building up a 6.2 percent stake in the group between 2001 and 2003, with the aim of merging the two firms into one Swiss pharma giant. With Vasella gone, Franz and his German countryman Joerg Reinhardt, a former Bayer pharma chief who became Novartis chairman last year, are free to focus on the very different challenges they face as well as potential closer cooperation between the two Basel-based groups.








via Health News Headlines - Yahoo News http://ift.tt/1hYx7vo

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