Avoid the 3 card monte - Sell Abbott. 3 years in, Sanofi CEO has transformed drugmaker. NEW YORK (AP) -- When France's top drugmaker lured Christopher Viehbacher away from a British rival in late 2008, the hope was he would be a savior.
The company, Sanofi SA, faced several daunting challenges, including repeated research failures and a deluge of generic competition starting to wipe out billions in annual revenue. His predecessor had been replaced after less than two years, after failing to satisfy investors and the scuttling of a heralded obesity drug, Acomplia. Rankings & Honors. Procurement Development Program - All our programs - Students & graduates - Your GSK career - GlaxoSmithKline.
Each year GSK spends more than $14.2 billion on materials, services, and capital equipment.
It is the role of Procurement to manage this spend and source suppliers for all strategic and operational purchases at GSK. Our mission is to enable GSK to achieve its operational and financial objectives, by delivering significant savings while meeting or exceeding all business requirements - including availability, quality, and service. Our core business process, Sourcing Group Management, involves cross-functional collaboration between Procurement professionals and our internal business partners to maximise the benefit of supplier agreements and contracts to GSK. GSK Procurement is on a journey to become the best procurement organization in the world, demonstrating world-class excellence in people, processes, and technology. Our eSourcing tools are the best in the business, with 90% of spend identified as appropriate for eSourcing. Abbott Labs profile for young professionals: BusinessWeek. Abbott Laboratories (ABT) Abbott and the rest of the pharmaceutical industry are continually under pressure from expiring patents.
Patent expiration allows generic drug companies to lower prices for a certain medication by producing their own versions, increasing competition for that product's market. Corporate Overview Recent Acquisitions Business Segments Abbott Labs' products fall into three production divisions: medical, pharmaceutical, and nutritional.