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Zydus Looks To Major US Buyer For New North American Head

Red Oak’s Punit Patel Begins Tenure As President And CEO In North America

 
• By Dave Wallace

Zydus Lifesciences has named Punit Patel, former president of CVS and Cardinal’s generics buying group Red Oak Sourcing, as the company’s new president and CEO for North America.

Zydus lifesciences building, India
Zydus Lifesciences has announced new North American leadership • Source: Shutterstock

Zydus Lifesciences has looked to a major US buyer for leadership of its North American business, appointing Punit Patel – the former president of CVS and Cardinal’s generics buying group Red Oak Sourcing – as its president and CEO for North America.

Red Oak is one of the three major buying groups in US generics, accounting for around of a third of generic drug purchases along with ClarusOne/McKesson at just over a fifth and Walgreens Boots Alliance at almost two-fifths

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