GLAXO U.S. CHIEF EXEC-DESIGNATE ERNEST MARIO will assume the top spot at the U.S. subsidiary on July 1, succeeding Joseph Ruvane, the company announced in a June 13 release. Currently president and chief operating officer, Ernest Mario, PhD, will also have responsibility for Glaxo Canada and Glaxo Latin America. Exec VP Thomas D'Alonzo will share top operating responsibilities with Mario. Glaxo foreshadowed the management shift with the appointment of Mario to the board of Glaxo Holdings P.L.C. in March. ("The Pink Sheet" March 21, 1988 "In Brief"). Mario, 50, joined Glaxo as president in 1986 from Squibb. Formerly, he had been VP of manufacturing operations at SmithKline. "The naming of Dr. Mario to these additional posts is in keeping with our overall plan to turn over operating responsibilities in an orderly fashion," Ruvane noted in the release. Ruvane, 63, is relinquishing the chairmanship and his Glaxo Holdings seat which he has held since 1986. Ruvane joined Glaxo in 1981 as president of Glaxo Inc. He oversaw the dramatic growth of Glaxo from the 65th largest drug firm in the U.S. prior to the Zantac launch to its current position in the top five. Ruvane will become vice-chairman and remain a member of the Glaxo Inc. board of directors.
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Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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