BNET Industries

Market Cap:$7.9B
Last Fiscal Year Sales:$3.6B
  • Public
  • US
Dow Jones Description

Hospira, Inc. is a global specialty pharmaceutical and medication delivery company dedicated to Advancing Wellness(TM). As the world leader in specialty generic injectable pharmaceuticals, Hospira offers one of the broadest portfolios of generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management solutions. Through its products, Hospira helps improve the safety, cost and productivity of patient care. The company is headquartered in Lake Forest, Ill.

Board of Directors
Irving W. Bailey II
Number of Employees 14,500
Contact Information

275 North Field Drive

Lake Forest, Illinois 60045

www.hospira.com

224-212-2000

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • SEDLine Gets Investment, Acquires Hospira Unit

    1/12/10 - Merger / Acquisition - View Story

  • Lupin eyes acquisitions to gain market share: Drug maker scouting for Indian companies specializing in...

    12/29/09 - Merger / Acquisition - View Story

  • Hospira to Host Conference Call for Fourth-Quarter 2009 Results and 2010 Projections

    12/16/09 - Financial Announcement - View Story

  • Orchid to retire $260 mn in short-term debts

    12/16/09 - Buildings Purchased - View Story

  • Hospira To Acquire India-based Orchid Pharma's Generic Injectable Business For $400 Mln - Update

    12/15/09 - Merger / Acquisition - View Story

  • Hospira Recalls Drug Products That May Include Particulates

    12/13/09 - Product Recall - View Story

  • Hospira Expands VisIVTM Portfolio to Offer Complete Range of Environmentally Friendly I.V. Containers

    12/04/09 - Product Announcement - View Story

  • Hospira Acquires TheraDoc, Enhances Medication Safety and Infection Management Offerings

    12/02/09 - Merger / Acquisition - View Story

  • Hospira Issues Nationwide Voluntary Recall of Certain Lots of Liposyn„ and Propofol Products That May...

    11/11/09 - Product Recall - View Story

  • Hospira (NYSE: HSP) Posts Q3 EPS of $0.90; Guides

    10/27/09 - Financial Announcement - View Story

  • Hospira Names Daphne E. Jones Chief Information Officer

    10/20/09 - Mgmt. Change Entering - Vice President - View Story

  • 2nd UPDATE: Hospira Boosts 2009 Sales, EPS Guidance

    9/17/09 - Financial Announcement - View Story

  • Hospira profit plunges on restructuring charge

    7/29/09 - Financial Announcement - View Story

  • Merck Sheds 3.7%; J.P. Morgan Rises 2.8%

    7/13/09 - Merger / Acquisition - View Story

  • Abbott Spinoff Makes Disparate Parts Work Together

    6/27/09 - Merger / Acquisition - View Story

News & Analysis

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finance and hospira inc. and nasdaq stock market inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Christopher B. Begley Chief Executive Officer
Sumant Ramachandra Chief Scientific Officer & Senior Vice President, Research & Development and Medical Affairs
Terrence C. Kearney Chief Operating Officer
Thomas E. Werner Chief Financial Officer & Senior Vice President, Finance
Brian J. Smith Senior Vice President, General Counsel and Secretary
Ken Meyers Senior Vice President, Organizational Transformation and People Development
Ron Squarer Senior Vice President, Global Marketing and Corporate Development

Board of Directors

Name (plus bio) Position
Irving W. Bailey II Board of Directors
John C. Staley Board of Directors
Jacque J. Sokolov Board of Directors
Mark F. Wheeler Board of Directors
Barbara L. Bowles Board of Directors
Connie R. Curran Board of Directors
Heino von Prondzynski Board of Directors
Roger W. Hale Board of Directors
Ronald A. Matricaria Board of Directors

Irv has co-invested with Chrysalis since 1998 and subsequently joined the firm as Managing Director from 2001 - 2004. While co-investing with Chrysalis, Irv chaired the board of PeopleFirst.com (sold to Capital One Financial). He currently serves as Senior Advisor to Chrysalis and participates in deliberations of the firm's investment committee. From 1988 until its 1997 sale to AEGON N.V., Irv served as Chairman and Chief Executive Officer of Providian Corporation, a Fortune 200 company and one of the region's largest publicly traded companies. The sale of Providian led to several billion dollars of value creation for Providian's shareholders. Irv previously served as Providian's President and Chief Operating Officer. Before Providian, Irv served at Phoenix Mutual Life Insurance Company as Senior Vice President, Investments (1976-81), and as Vice President, Bond Investments (1971-76). Until 1971, he was Assistant Vice President, Investment Department of Mutual Life Insurance Company of New York. Irv has 40 years of formal portfolio management experience. Irv has a BA from the University of Colorado and an MBA from New York University. Irv has held a wide variety of civic leadership positions and led a number of successful fundraising campaigns throughout Kentucky. He is a former director of the Board of Governors of the National Association of Small Business Investment Companies (NASBIC). Irv also serves on the boards of Aegon N.V. (NYSE: AEG), Computer Sciences Corporation (NYSE: CSC), and Hospira, Inc. (NYSE: HSP).

Organization Position Status
Chrysalis Ventures, LLC Senior Advisor Current
Csc Alliance Chair Current
Aegon Chairman of The Risk Committee and Member of The Audit Committee Current
Icu Medical Set Source Board of Directors Current
Hospira, Inc. Board of Directors Current
Csc Alliance Director Current
AEGON N.V. Vice Chairman Current
AEGON N.V. Director Current
Computer Sciences Corporation Board of Directors Current
Chrysalis Ventures, LLC Managing Director Former
Capital One Financial Corporation Former
Aegon Member of the Supervisory Board Former
Chrysalis Ventures, LLC Chairman Former
National Association of Small Business Investment Companies director of the Board of Governors Former
Chrysalis Ventures, LLC Investor Former
New York University MBA Former
University of Colorado BA Former

Organization Position Status
Northern Illinois Gas Company Board of Directors Current
Icu Medical Set Source Director Current
Nicor Inc. Board of Directors Current
Hospira, Inc. Board of Directors Current
DePaul University Chairman Former

Organization Position Status
MedCath Corporation Director Current
Hospira, Inc. Board of Directors Current
Icu Medical Set Source Director Current
Southern California Edison Company Vice President Former

Organization Position Status
Peacehealth Director of Clinical Informatics Current
Hospira, Inc. Board of Directors Current
IDX Systems Corporation Board of Directors Current
Icu Medical Set Source Director Current
IDX Systems Corporation Chief Technical Architect Former

Profit Investment Management - Retired Vice Chair. Served as Vice Chair from January 2006 until retirement in December 2007. Profit Investment Management is an investment advisory firm. The Kenwood Group, Inc. -- Retired Chairman. Served as Chairman from 2000 until June 2006 when The Kenwood Group, Inc. merged into Profit Investment Management. Chief Executive Officer from 1989 to December 2005. Director of Black & Decker Corporation and Hospira, Inc. Director of Wisconsin Energy Corporation and Wisconsin Electric Power Company since 1998. Director of Wisconsin Gas LLC since 2000.

Organization Position Status
Wisconsin Energy Corporation Board of Directors Current
The Chicago Urban League Board of Directors Current
Museum of Science Director Current
The Black & Decker Corporation Board of Directors Current
Children's Memorial Hospital Board of Directors Current
Kwikset Corporation Board of Directors Current
Hospira, Inc. Board of Directors Current
Wisconsin Gas LLC Board of Directors Current
Icu Medical Set Source Director Current
Hpk Financial Corporation Board of Directors Current
Wisconsin Electric Power Co Board of Directors Current
The Kenwood Group CEO Former
The Kenwood Group President Former
The Kenwood Group Chief Investment Officer Former
Beatrice Company Safeway, Inc. Assistant Vice President Former
Kraft and Company Vice President Former
The Kenwood Group Founder Former
The Black & Decker Corporation First Elected A Director Former
Wisconsin Electric Power Co Director of Wisconsin Energy Corporation Former
Beatrice Company Safeway, Inc. Director of Investor Relations Former
The Kenwood Group Chairman Former
Profit Investment Management Vice Chairman Former
Dollar General Corporation Board of Directors Former
Fisk University Board of Directors Former
Georgia-Pacific Corporation Board of Directors Former
University of Chicago Master of Business Administration Former
Fisk University Undergraduate Degree Former

Organization Position Status
Healthcare Leadership Council CEO, Hospira, Inc. Current
Hospira, Inc. Chief Executive Officer Current
Icu Medical Set Source Chairman of the Board and Chief Executive Officer Current
Hospira, Inc. Chairman Current
Healthcare Leadership Council Board of Directors Current
Sara Lee Corporation Board of Directors Current
Economic Club of Chicago Board of Directors Current
The Executives' Club of Chicago Member Current
AdvaMed Member Current
Hospira, Inc. President Agricultural Products Division Former
Abbott Laboratories Senior Vice President, Hospital Products Former
Western Illinois University Bachelor's Degree Former

Dr. Sumant Ramachandra brings nearly 20 years of healthcare experience and strong leadership abilities to his role as senior vice president, Research & Development (R&D) and Medical Affairs, and chief scientific officer of Hospira, Inc. Prior to joining Hospira in July 2008, Dr. Ramachandra spent much of his career leading scientific advancements for some of the industry's largest pharmaceutical companies, including Merck, Pharmacia, Pfizer and Schering-Plough. As an R&D business leader, Dr. Ramachandra set in motion several therapy programs that would benefit patients living with cancer -- such as Camptosar® (irinotecan hydrochloride injection) and Aromasin® (exemestane tablets) at Pfizer, and Temodar® (temozolomide capsules) at Schering-Plough. He was responsible for formulating innovative strategies and executing R&D plans that resulted in successful U.S. Food and Drug Administration (FDA) approvals. Dr. Ramachandra's award-winning work is also widely recognized through publications. He has participated in a multitude of scientific studies on tumor cell biology and immunology as well as authoring book chapters about basic cell biology and oncology. Additionally, he has filed several product patents for various cancer treatments and the use of antibodies in cancer therapy. He earned a bachelor's degree in biochemistry from Rutgers University, graduating with high honors. Dr. Ramachandra then pursued a combined M.D./Ph.D. degree from the University of Medicine and Dentistry - New Jersey Medical School, earning the University's Medal of Excellence and subsequently conducting his residency at the Harvard-affiliated Massachusetts General Hospital. He is now nearing completion of a master's of business administration at Wharton Business School.

Organization Position Status
Hospira, Inc. Chief Scientific Officer & Senior Vice President, Research & Development and Medical Affairs Current
Schering-Plough Research Institute Vice President, Project Management, Global Former
Schering-Plough Corporation Vice President, Global Project Management Former

Terrence C. Kearney brings more than 25 years of broad healthcare experience and leadership to his role as chief operating officer, Hospira, Inc. Kearney has gained extensive exposure to and involvement with numerous operating and financial activities, focusing on both the device and pharmaceutical sides of the healthcare industry since joining Abbott Laboratories in 1979. His management expertise spans domestic and international markets. Most recently, Kearney served as senior vice president, finance and chief financial officer, Hospira, Inc. Prior to April 30, 2004, when Hospira spun off from Abbott, he served as vice president and treasurer from 2001 to 2004. In May 2002, he assumed an interim role as vice president for Abbott’s Diagnostics Division. Prior to being named treasurer, Kearney served as vice president and controller for Abbott's International Division. He earned a bachelor's degree in biology from the University of Illinois and has a master's degree in finance from the University of Denver. Kearney was born in 1954 and resides in north suburban Chicago.

Organization Position Status
Hospira, Inc. Chief Operating Officer Current
Icu Medical Set Source Chief Operating Officer Current
Hospira, Inc. Senior Vice President, Finance and Chief Financial Officer Former
Abbott Laboratories Vice President and Controller Former
Abbott Laboratories Treasurer Former
University of Denver Master's Degree In Finance Former
University of Illinois Bachelor's Degree In Biology Former

Thomas E. Werner brings nearly 30 years of leadership experience across a broad base of financial disciplines and industries, including healthcare, to his role as senior vice president, Finance, and chief financial officer, Hospira, Inc. Prior to joining Hospira in August 2006, Werner served as senior vice president, Finance, and chief financial officer of Böwe Bell + Howell, a service, manufacturing and software company that provides document processing and postal solutions. He joined Böwe Bell + Howell in late 2001. Earlier in his career, Werner was chief financial officer for two publicly traded companies -- Xpedior Incorporated, a software developer and integrator; and uBid, Inc., an e-commerce company -- and served as corporate controller for Gateway, Inc. Werner also held various financial roles at Baxter Healthcare Corporation and American Hospital Supply Corporation. Werner earned a bachelor's degree in business from the Indiana University and is a certified public accountant. He was born in 1957 and resides in north suburban Chicago.

Organization Position Status
Hospira, Inc. Chief Financial Officer & Senior Vice President, Finance Current
Icu Medical Set Source Senior Vice President, Finance, and Chief Financial Officer Current
Bowe Bell Chief Financial Officer Former
Bowe Bell Senior Vice President, Finance Former
Indiana University Bachelor's Degree In Business Former

Brian J. Smith serves as senior vice president, general counsel and secretary for Hospira, Inc. Prior to Hospira, Smith held various positions at Abbott Laboratories in the Legal Division, including domestic and international areas of law. From 1979 to 1984, he performed legal work for Abbott's Hospital Products Division, Specialty Products Division (SPD) and Corporate Engineering Division. In 1984, he was promoted to division counsel and managed the legal work for the Abbott Diagnostics Division and the Pharmaceutical Products Division (PPD), as well as TAP Pharmaceutical Products (TAP). In 1991, he began managing international legal work for Abbott's businesses in Europe, Latin America, Pacific Asia and Africa. In October 1995, Smith was appointed divisional vice president, Domestic Legal Operations. In this position, he managed U.S. legal work for Global Pharmaceutical Research and Development, PPD, SPD, and TAP, as well as the following corporate areas: human resources, corporate engineering, real estate, employment and labor, benefits and corporate securities matters. In addition, he served as assistant secretary for Abbott and secretary to The Clara Abbott Foundation, the Employee Benefit Board of Review and TAP. Smith earned a bachelor's degree in political science at Bradley University in 1973, and a juris doctorate from the University of Michigan in 1976. He is a member of the Illinois and American Bar Associations.

Organization Position Status
Hospira, Inc. Senior Vice President, General Counsel and Secretary Current
Icu Medical Set Source Senior Vice President, General Counsel and Secretary Current
Abbott Laboratories Secretary Former
University of Michigan Juris Doctorate Former
Bradley University Bachelor's Degree In Political Science Former

Kenneth (Ken) Meyers leads Hospira’s global human resources function as senior vice president, Organizational Transformation and People Development, with a focus on advancing Hospira's high-performance culture and organizational excellence. Meyers brings more than 20 years of senior leadership, HR and operations experience to his role. Prior to joining Hospira in December 2008, Meyers served as a partner at Oliver Wyman, an international management consulting firm. As a specialist in leadership development, Meyers worked with senior teams to accelerate high performance, and has served as a principal consultant and coach to senior executives at well-known companies such as Amgen, L’Oreal, Nike, Novartis, Time Warner, Sara Lee and Unilever. Before joining Oliver Wyman, Meyers was senior vice president, Human Resources at Starbucks Coffee International, where he led human resources strategy and direction as Starbucks expanded internationally through company-owned, licensed and joint-venture operations. Throughout his career, Meyers has also held leadership positions with Disney, Gymboree and United Technologies. Meyers earned a bachelor’s degree in International Business and Human Resources Management from the Wharton School of the University of Pennsylvania, and a master's of business administration from the Harvard Business School.

Organization Position Status
Hospira, Inc. Senior Vice President, Organizational Transformation and People Development Current

Ron Squarer serves as senior vice president, Global Marketing and Corporate Development for Hospira. In this role he is responsible for long-term growth, global business strategy, upstream marketing activities and pipeline optimization for Hospira’s entire portfolio, including specialty injectable pharmaceuticals and medication management systems. He also retains responsibility for global business development from his previous position as corporate vice president, Global Strategy and Business Development, which he assumed in January 2007. Squarer joined Hospira following its acquisition of Mayne Pharma, Ltd., and has 17 years of experience in the biopharmaceutical industry in product marketing, business development and strategy. At Mayne, he served as senior vice president, Global Corporate and Business Development, where he led Mayne's licensing, acquisition and partnership activities. He joined Mayne from Pfizer Inc., where he held various roles and served on the oncology licensing review committee, global commercial leadership team and strategic advisory board. Squarer was involved in acquiring key portfolio assets and shepherded multiple oncology products into registration trials. He also has extensive experience in the infectious disease and neuroscience therapeutic areas, acquired through his licensing and new product development responsibilities at Pfizer. Prior to Pfizer, Squarer held various positions at SmithKline Beecham in the United States and Europe. He earned a bachelor's degree in biochemistry from the University of California at Berkeley and a master's degree in business administration from the Kellogg Graduate School of Management at Northwestern University.

Organization Position Status
Hospira, Inc. Senior Vice President, Global Marketing and Corporate Development Current
Mayne Pharma Pty. Ltd. Senior Vice President, Business Dev Former

Organization Position Status
DeVry Incorporated President, Curran & Associates Current
Curran Associates, Inc. President Current
Bioz Current
National Student Nurses' Association, Inc Board of Directors Current
Silver Cross Hospital Board of Directors Current
DeVry Incorporated Board of Directors Current
Hospira, Inc. Board of Directors Current
American Hospital Association Vice President Former
C-Change Executive Director Former
APM, Inc. director of patient care Former
Medical College of Wisconsin Dean Former
Northern Illinois University doctorate in educational psychology Former
Northern Illinois University doctorate in educational psychology Former
DePaul University Master's Degree In Medical, Surgical Nursing Former

Heino von Prondzynski, age 59, served as chief executive officer of Roche Diagnostics and Member of the Executive Committee of F. Hoffman-La Roche Ltd., a Swiss-based healthcare company that develops diagnostic and therapeutic products, from early 2000 to 2005, retiring in 2006. From 1996 to 2000, Mr. von Prondzynski held several executive positions at Chiron Corporation, a multinational biotechnology firm that develops biopharmaceuticals, vaccines, and blood testing products, and from 1976 to 1996 at Bayer AG, a German-based maker of healthcare products, specialty materials, and agricultural products. Mr. von Prondzynski serves on the board of BB Medtech, Qiagen NV, Epigenomics AG and Koninklijke Philips Electronics NV.

Organization Position Status
Hospira, Inc. Board of Directors Current

"Roger Hale, 65, has been a director of Ashland since 2001. He is chairman of the Audit Committee and is also a member of the Finance Committee. Currently an independent consultant, Mr. Hale retired in 2001 as chairman and chief executive officer of LG&E Energy Corp., a position he had held since 1990. Prior to joining LG&E, he held various executive positions with BellSouth Corp. and AT&T Co. He is a director of Hospira Inc. "

Organization Position Status
Ashland, Inc. Board of Directors Current
H&R Block, Inc. Board of Directors Current
Hospira, Inc. Board of Directors Current
H&R Block, Inc. Director Former

Ronald A. Matricaria, 65, served, at various times, as chairman, president and chief executive officer (CEO) of St. Jude Medical, Inc., a St. Paul, Minnesota-based developer, manufacturer and distributor of cardiovascular medical devices, from April 1993 until his retirement in December 2002. Prior to joining St. Jude, Matricaria spent 23 years at Eli Lilly and Company in a variety of management positions. Matricaria currently serves a director of Invitrogen Corp. and Volcano Corporation.

Organization Position Status
Hospira, Inc. Board of Directors Current
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     HSP $56.66 +0.51 (0.91% )
Average Volume 817,594
Shares Outstanding 163.85M
Market Cap 9.3B
Year High 57.13
Year Low 24.86
Earnings Per Share 2.47
P/E Ratio 22.94
Dividend N/A
Yield N/A
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