Mayne Pharma has apointed Blake Cullen VP of Business Development for its U.S. generic products division. Mr. Cullen brings over 15 years of industry experience to the position, in the areas of strategic planning, mergers and acquisitions, product in-licensing and out-licensing for companies such as Rhodes Pharma, Libertas Pharma, Paddock Labs and Prasco labs. With a J.D. degree and an MBA from the University of Cincinnati and a B.S. from Seton Hall, Mr. Cullen has also served as general counsel at Qualitest Pharmaceuticals. Mayne's generics business, established less than 10 years ago, currently markets more than 20 products and is developing 25 new products, with 13 ANDAs filed with FDA. Expanding this portfolio will come through both organic development and bolt on acquisitions, said Stefan Cross, Mayne Pharma's president. "Blake brings a strong track record of building pharmaceutical product lines and corporate value," Cross said.
July 21, 2014 Big Pharma continues to face the impact of competitive pressures, fluctuating currencies, the patent cliff, and pipeline surprises, all of which were reflected in financial results last year.