BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
Mfr. of Pharmaceuticals
President
Hal KormanNumber of Employees 1,183
Contact Information
781 Chestnut Rdg Rd
Morgantown, West Virginia 26505-2730
(304) 599-2595
Peer Companies
NAICS Code Drugs and Druggists' Sundries Merchant Wholesalers: 424210
Recent Events
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Mylan signs license agreements with Wyeth for Effexor XRR
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Mylan Announces Settlement Agreement Related to Antidepressant Effexor XRR
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Teva Sues Mylan to Protect Generic MS Drug
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Mylan files second suit against newspaper
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Four Pharmaceutical Companies Pay $124 Million for Submission of False Claims to Medicaid
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Teva Pharmaceutical Industries Limited TEVA Sues Mylan Inc. MYL Alleging Copaxone Patent Infringement
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Mylan settles dispute with $121 million settlement
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Mylan Inc. files suit against the Post-Gazette
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Mylan Laboratories Inc. Announces Executive Ap...
News & Analysis
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fda and mylan pharmaceuticals inc. - All News and Analysis
More generics receive clearance for marketing by the FDA
WASHINGTON -- The Actavis Group has received Food and Drug Administration approval to market bupropion hydrochloride extended-release tablets, 150 mg. The company also markets a 300-mg version of the product, indicated for the treatment of major depressive disorder. Annual sales of brand and generic versions of the drug in...
Requip now has generic competitors
WASHINGTON -- The Food and Drug Administration last month approved the first generic versions of Requip GlaxoSmithKline PLC for treating moderate to severe restless leg syndrome. Ropinirole hydrochloride tablets were cleared in 0.25-, 0.5-, 1-, 2-, 3- and 4-mg dosages. "This generic drug approval is an example of the...
Getting poised for a steeper growth curve
New YORK -- The winds of change have begun to fill the generic drug industry's sails. Driven by expiring patents on big-selling blockbuster drugs and the frantic search for lower-cost prescription alternatives by health plan payers, generic utilization rates have grown roughly 6 percent by volume over the past two...
Orphan drug approved to treat rare kidney disorder - Cystagon, by Mylan Pharmaceuticals Inc., may be used for nephropathic cystinosis and prevent or slow kidney damage
Cystagon cysteamine bitartrate was approved by FDA last Aug. 15 to treat children with a rare kidney disease. The disease, nephropathic cystinosis, is characterized by the buildup of an amino acid called cystine in the kidneys. Children with the disorder suffer progressive kidney failure and weak bones, and don't...
Mylan isn't resting on its laurels in spite of outstanding results
The steady stream of successful products has caused the company to expand its facilities MORGANTOWN, W.Va. -- Mylan Pharmaceuticals Inc., which last fiscal year saw its sales and earnings rise by 60% and 76%, respectively, has been characterized as "the Merck of the generic drug field" by Gruntal Investment...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Hal Korman | President |
| Edward J. Borkowski | Chief Financial Officer |
| Gary Sphar | CFO & Executive Vice President |
| John Deiriggi | COO |
| John P. O'Donnell | Chief Scientific Officer |
| Brian Roman | General Counsel & Vice President |
| Wendy Cameron | Director and Co-Owner of Cam Land Llc |
| Greg Demasi | |
| Jason Harper | |
| Mike Puskar |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Milan Puskar | Co-Founder and Chairman of the Board |
| Randall L Vanderveen | Dean, John Stauffer Decanal, Chair, School of Pharmacy, University of Southern California |
| Joseph C. Maroon | Professor and Vice Chairman, Department of Neurosurgery |
| Robert J. Coury | Vice Chairman |
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | President | Current |
Consumer Healthcare Division of Pharmacia Corporation. He joined Pharmacia in 1999 as Assistant Vice President, North American Finance and Administration. At Pharmacia, Borkowski was a member of the senior management team driving the company's growth and acquisition strategy. He also established and built the Consumer Healthcare Division's global finance group, which provided streamlined business reporting to the senior leadership team. From 1992 to 1999, Borkowski served in a variety of finance positions at American Home Products, rising to the level of Comptroller for the Cyanamid Agricultural Products Division. His responsibilities at American Home Products included SEC reporting, accounting policy, banking relationships and financial modeling of M&A activities. Borkowski is a certified public accountant who began his career with Arthur Andersen. He worked primarily in its pharmaceutical practice for nearly 10 years where he served as the engagement manager for Merck & Co. Borkowski is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs. Borkowski received his bachelor's degree in economics and political science from Allegheny College and earned his MBA in finance and accounting from Rutgers University.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Chief Financial Officer | Current |
| Mylan Inc. | CFO | Current |
| Pharmacia Corporation | Assistant Vice President, North American Finance | Former |
| Pharmacia Corporation | Vice President, Global Finance and Information Technology | Former |
| Merck & Co. Inc. | engagement manager | Former |
| Rutgers University | master in business administration in finance and accounting | Former |
| Allegheny College | bachelor of science in economics and political science | Former |
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | CFO & Executive Vice President | Current |
| Mylan Inc. | Vice President | Current |
| Mylan Inc. | Corporate Controller | Former |
| Mylan Inc. | Principal Accounting Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | COO | Current |
John Patrick O'Donnell was named Chief Scientific Officer of Mylan Laboratories Inc. in 2002. As Chief Scientific Officer, Dr. O'Donnell provides leadership and strategic direction for scientific initiatives across the Company, gathering and supervising scientific resources in order to provide an ongoing rich pipeline of new products and therapies. Prior to assuming his present position at Mylan, Dr. O'Donnell served in a variety of posts at the Company for over 20 years. Most recently Dr. O'Donnell served as Executive Vice President of Research and Quality where he was responsible for the testing and release of all finished product and intermediate testing of the finished dosage forms manufactured by Mylan production facilities. From 1987 to 1996, he served as Vice President of Research and Product Development and Vice President of Research and Quality Control. In 1994, Dr. O'Donnell developed a group devoted strictly to Clinical Research. This group's responsibility included protocol research and design as well as the execution of those clinical protocols. Clinical research was done on in-licensed compounds in both Phase II and Phase III settings to obtain FDA approval for market launch. This research included the development of clinical research studies in the therapeutic areas of cardiology, neurology and dermatology. Prior to his career with Mylan, Dr. O'Donnell taught and conducted research at West Virginia University's School of Pharmacy as a Professor of Medicinal Chemistry. He continues to serve as an Adjunct Professor of Medicinal Chemistry at WVU. Dr. O'Donnell received his Ph.D. in medicinal chemistry from the School of Pharmacy, University of Iowa in 1974. He received a master of science in medicinal chemistry from the School of Pharmacy at the State University of New York at Buffalo in 1971. Dr. O'Donnell received his bachelor of science in chemistry from Gannon College in 1969.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Chief Scientific Officer | Current |
| Mylan Inc. | Chief Scientific Officer | Former |
| Mylan Inc. | Vice President of Research and Quality Control | Former |
| The University of Iowa | Ph.D. In Medicinal Chemistry | Former |
| State University of New York at Buffalo | Master of Science In Medicinal Chemistry from the School of | Former |
| The State University of New York | Master of Science In Medicinal Chemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | General Counsel & Vice President | Current |
| Mylan Inc. | Vice President, General Counsel | Current |
Wendy Cameron was appointed to the Board of Directors of Mylan in 2002. Ms. Cameron is a member of the Mylan Compensation and Governance and Nominating Committees. Ms. Cameron currently serves as chairman of the Washington Hospital Board of Trustees and Chairman of the Washington Hospital Executive Committee. She has been a member of the Board of Trustees since 1997 and a board member of the Washington Hospital Foundation since 1993. Washington Hospital, located in Washington County, Pennsylvania, is the county's largest employer. From 1981 to 1998, Ms. Cameron served as Vice President, Divisional Sales and Governmental Affairs for Cameron Coca-Cola Bottling Company, Inc., one the nation's largest bottlers. Ms. Cameron received a bachelor of science in business management and a bachelor of science in equine science from Otterbine College in Westerville, Ohio in 1981.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Director and Co-Owner of Cam Land Llc | Current |
| Mylan Inc. | Member | Current |
| Mylan Inc. | Board of Directors | Current |
| Mylan Pharmaceuticals Inc. | Director | Current |
Greg DeMasi has worked at Mylan Pharmaceuticals since 2002 and is currently a Senior Financial Analyst in the Accounting Department. He obtained a Bachelor's Degree in Accounting and a Master's Degree in Public Accounting from WVU. He appreciates the opportunity to contribute to MTC's continued growth and success because of the value that MTC provides to the children and the community.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Current | |
| Morgantown Theatre Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Morgantown Theatre Company | Director of Marketing | Current |
| Mylan Pharmaceuticals Inc. | Current | |
| Morgantown Theatre Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Current |
Milan (Mike) Puskar was elected to the Board of Directors of Mylan in 1976. He has served as Chairman of the Board of Mylan since 1993. Mr. Puskar co-founded Mylan in 1961 as a privately owned generic drug company. For the next 11 years, Mr. Puskar spearheaded the growth of the company from its early days as solely a distributor to its first manufacturing operations in 1965. By 1969, Mylan was recognized in the pharmaceutical industry as a competitive manufacturer of quality generic products. Mr. Puskar left the company in 1972 and served as Vice President and General Manager of the Cincinnati division of ICN Pharmaceuticals Inc. until 1975, when he became a partner of Elan Corporation in Dublin, Ireland. In 1976, Mr. Puskar returned to Mylan and served as President until 2000. He was elected Vice Chairman of the Board of Directors in 1980 and was elected Chairman of the Board and appointed Chief Executive Officer in 1993. He served as CEO until 2002. In addition to his management responsibilities at Mylan, Mr. Puskar served on the Commission for the Federal Drug Approval Process from 1981 to 1982; was one of the founders of the Generic Pharmaceuticals Industry Association; has been an adjunct assistant professor at the West Virginia University School of Pharmacy since 1979; and served on the board of Duquesne University in Pittsburgh, Pennsylvania. Mr. Puskar received a bachelor of science in engineering from Youngstown State University. He also received an honorable discharge from the U.S. Army, where he had achieved a top-secret clearance.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Co-Founder and Chairman of the Board | Current |
| Mylan Inc. | Chairman | Current |
| Mylan Inc. | Board of Directors | Current |
| AmerisourceBergen Corporation | Chief Financial Officer | Former |
| Mylan Inc. | Co-Founder | Former |
| Elan Corporation, PLC | partner | Former |
| Youngstown State University | bachelor of science in engineering | Former |
Randall "Pete" Vanderveen was elected to the Board of Directors of Mylan Laboratories in 2002. He is a member of the Mylan Compliance Committee.
| Organization | Position | Status |
|---|---|---|
| Mylan Pharmaceuticals Inc. | Dean, John Stauffer Decanal, Chair, School of Pharmacy, University of Southern California | Current |
| Pfizer Inc. | consultant | Former |
| Duquesne University | Professor of Pharmacy | Former |
| University of Southern California School of Pharmacy | Chair | Former |
| Mylan Inc. | Board of Directors | Former |
| Michigan State University | Ph.D. in university administration | Former |
| Purdue University | masters of science in clinical pharmacy | Former |
Joseph C. Maroon, M.D. was appointed to the Board of Directors of Mylan in 2003. He is also a member of Mylan's Compensation Committee. Dr. Maroon has over 30 years of experience as a practicing neurosurgeon. He is regarded as a premiere specialist in the surgical treatment of injuries and diseases of the brain and spine, particularly with microscopic and minimally invasive procedures. His research into brain tumors, concussions and diseases of the spine have led to many innovative techniques for diagnosing and treating these disorders. Dr. Maroon currently serves as Professor, Heindl Scholar in Neuroscience and Vice Chairman of the Department of Neurosurgery, University of Pittsburgh Medical Center ("UPMC"), where he was previously Chief of Neurosurgery from 1972 to 1984. He is on the medical staffs of UPMC Presbyterian and Sewickley Valley Hospitals, and maintains a neurosurgical practice in Wheeling, West Virginia. Prior to rejoining UPMC, Dr. Maroon served as Professor and Chairman of the Department of Neurosurgery, Allegheny General Hospital from 1984 to 1999 and Professor and Chairman of the Department of Surgery, Allegheny General Hospital from 1995 to 1998. In 1986, Dr. Maroon was the President of the Congress of Neurological Surgeons, the largest neurological society in North America. He also served on the Board of Directors of the Think First National Head and Neck Injury Prevention Society and the American Youth Foundation, St Louis, Missouri. Additionally, Dr. Maroon has been the team neurosurgeon for the Pittsburgh Steelers since 1981. He is a co-founder of the UPMC Sports Medicine Concussion Program and a co-developer of the world's first computerized sports concussion evaluation system, ImPACT© (Immediate Post-Concussion Assessment and Cognitive Testing), a tool used by team doctors and athletic trainers nationwide to help determine the severity of a concussion and when it is safe for an athlete to return to play following injury. Dr. Maroon has earned numerous awards for his contributions to neurosurgery from various national and international neurological societies throughout his career. He is the author or co-author of 40 book chapters in addition to more than 250 published scientific papers. He has edited three additional books, has given more than 140 national and international presentations, often as a visiting professor, and has served on the editorial boards of five neurological journals. Consistently listed in "America's Best Doctors," Dr. Maroon's patients travel from all over the world to seek his care. Dr. Maroon received his undergraduate and medical education at the University of Indiana. Following his graduation from medical school in 1965, he served residencies in neurosurgery at Indiana University, Georgetown University and the Radcliffe Infirmary at Oxford University in England. He received a Fellowship from the University of Vermont where he studied microsurgery, as the Given Scholar in Microneurosurgery.
| Organization | Position | Status |
|---|---|---|
| Mylan Inc. | Member | Current |
| Mylan Pharmaceuticals Inc. | Professor and Vice Chairman, Department of Neurosurgery | Current |
| University of Pittsburgh | Vice Chairman | Current |
| Allegheny General Hospital | Professor | Former |
| Pittsburgh Steelers Sports, Inc. | Former | |
| Allegheny General Hospital | Professor and Chairman | Former |
| Mylan Inc. | Board of Directors | Former |
| University of Vermont | Fellowship | Former |
Robert J. Coury has served as Mylan's Vice Chairman and Chief Executive Officer since 2002. During his tenure, the company has been transformed from the third largest generics company in the United States to the third largest generics and specialty pharmaceutical company in the world with the acquisitions of a majority interest in Matrix Laboratories -- of which Coury is now Chairman -- and the global generics business of Merck KGaA. Prior to joining Mylan, Coury was the principal of Coury Consulting L.P., a corporate strategy advisory firm he formed in 1989 in Pittsburgh, Pennsylvania.
| Organization | Position | Status |
|---|---|---|
| Mylan Inc. | Chief Executive Officer | Current |
| Mylan Bertek Pharmaceuticals | Vice Chairman & CEO | Current |
| Mylan Pharmaceuticals Inc. | Vice Chairman | Current |
| Mylan Inc. | Vice Chairman | Current |
| Mylan Pharmaceuticals Inc. | Chief Executive Officer | Former |
| NYSE Group, Inc. | Former | |
| Mylan Inc. | Director | Former |
| University of Pittsburgh | Bachelor of Science In Industrial Engineering | Former |
| Crown Castle International Corp. | Team Member | Former |
Executive News
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Former West Virginia governor's aide joins Mylan Inc.
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Former W. Va. governor's aide joins Mylan Inc.
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WVa governor's aide joins Pa. drug company
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Eating to live longer: It can be a page turner
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics Market
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Mylan, Biocon announce collaboration on generic biologics
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UPDATE 1-Mylan, India's Biocon sign pact for biologic drugs
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Mylan Inc. (MYL) Announces Strategic Collaboration with BioCon Limited to Enter the Global Generic Biologics Market
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics Market
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Mylan, Biocon To Collaborate On Generic Biologic Drugs
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics...
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics Market
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UPDATE:Biocon Ties Up With Mylan For Generic Biopharma Drugs
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics Market
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Mylan Announces Strategic Collaboration with Biocon to Enter the Global Generic Biologics Market
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Biocon Signs Pact With Mylan
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Mylan Laboratories Inc. Announces Executive Ap...
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