BNET Industries
Market Cap:$9.4B
Last Fiscal Year Sales:$3.9B
- Public
- US
Dow Jones Description
Forest Laboratories (NYSE: FRX) is a U.S.-based pharmaceutical company with a long track record of building partnerships and developing and marketing products that make a positive difference in people's lives. In addition to its well-established franchises in therapeutic areas of the central nervous and cardiovascular systems, Forest's current pipeline includes product candidates in all stages of development and across a wide range of therapeutic areas. The company is headquartered in New York, NY.
Chief Executive Officer
Howard SolomonNumber of Employees 5,000
Peer Companies
NAICS Code Pharmaceutical Preparation Manufacturing: 325412
Recent Events
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Phenomix forges $191M pact for diabetes drug
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Forest Laboratories Q2 Profit Declines, Cuts FY10 EPS Forecast - Update
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Caraco Pharmaceutical Laboratories, Ltd. CPD Closes Asset Purchase Agreement with Forest Laboratories, Inc. FRX to...
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Caraco, Forest close settlement deal on Lexapro
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Rx marketing scams
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Biotech Busy with Bevy of Small Deals
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AstraZeneca and Forest Laboratories to Co-Develop and Commercialise a Late Stage Next Generation Anti-Infective
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Nycomed and Forest Laboratories to Collaborate on US Commercialisation of DaxasR in COPD
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Forest Laboratories, Inc. Reports Fiscal First Quarter 2010 Earnings Per Share of $0.87
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Caraco Pharmaceutical Laboratories, Ltd. CPD Enters Into Asset Purchase Agreement with Forest Laboratories, Inc. FRX...
News & Analysis
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forest laboratories inc. and healthcare - All News and Analysis
Forest Labs Presents Encouraging Pneumonia Drug Data
Zacks.com submits: We are pleased to hear that Forest Laboratories FRX presented encouraging data from its phase III trial of ceftaroline for the treatment of community-acquired pneumonia (CAP) in hospitalized patients. The company presented new data from two multicenter studies – FOCUS 1 and FOCUS 2 – at...
Forest?s COPD Drug Disappoints
Zacks.com submits: On Tuesday, Forest Laboratories FRX announced disappointing results from the mid-stage clinical trials of oglemilast, meant for chronic obstructive pulmonary disease (COPD) that usually affects smokers. The drug was being developed with Glenmark Pharmaceuticals S.A. Switzerland, a wholly owned unit of India-based Glenmark Pharmaceuticals. The phase...
Forest Laboratories Inc. F1Q10 (Qtr End 06/30/09) Earnings Call Transcript
Forest Laboratories Inc. FRX F1Q10 (Qtr End 06/30/09) Earnings Call July 21, 2009 10:00 am ET
Forest Labs: Positive Top-Line Data on Ceftaroline
Zacks.com submits: Forest Laboratories, Inc. FRX announced positive results recently from two global multi-center phase III studies which were conducted to evaluate the efficacy, safety and tolerability of ceftaroline for the treatment of community-acquired bacterial pneumonia (CABP). by Zacks.com
Forest Laboratories Inc., F3Q09 (Qtr End 12/31/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions. The first question comes from the line of Gregory Gilbert with Bank of America-Merrill Lynch. Gregory Gilbert - Bank of America-Merrill Lynch First for Frankie, discuss any changes in trade inventory levels for your key products and also for clarification on that $70...
Cypress Bioscience:Pending FDA and Q4 Results Could Boost Stock
Mike Havrilla submits: Since I last wrote about Cypress Bioscience CYPB two months ago, the stock has moved lower with the company now trading even closer to its net cash position of $4 per share with a closing price on Friday of $6.43 per share. The level of short interest...
Time to Invest in Pharmaceuticals?
Howard Sun submits: The prices of many pharmaceutical companies have been beaten down by Wall Street in recent months. With companies like Pfizer PFE, Schering-Plough SGP and Bristol-Myers Squibb BMY reaching lower lows, one has to wonder when the pain will end as these companies are now significantly undervalued. The...
Manhattan, N.Y.-based firm gains rights to market drug.
By Regina Marie Glick, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News Jul. 7--Forest Laboratories Inc. has acquired the rights to market a drug that replicates the blood-clot-dissolving properties of vampire bat saliva. Researchers believe the experimental drug, created by a...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Howard Solomon | Chief Executive Officer |
| Lawrence S. Olanoff | President & Chief Operating Officer |
| Elaine Hochberg | Senior Vice President, Marketing & Chief Commercial Officer |
| Francis I. Perier, JR | Senior Vice President, Finance & Chief Financial Officer |
| Raymond Stafford | Executive Vice President, Global Marketing |
| Bernard J. McGovern | Vice President, Human Resources |
| David F. Solomon | Vice President, Business Development & Strategic Planning |
| Herschel S. Weinstein | Vice President & General Counsel |
| Kevin Walsh | Vice President, Information Systems & Manufacturing Operations |
| Richard S. Overton | Vice President, Operations & Facilities |
| Rita Weinberger | Vice President & Controller |
| William J. Meury | Vice President, Marketing |
| William J. Candee, III | Corporate Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Dan L. Goldwasser | Board of Directors |
| George S. Cohan | Board of Directors |
| Kenneth E. Goodman | Board of Directors |
| Lester B. Salans | Board of Directors |
| Nesli Basgoz | Board of Directors |
Chairman of the Board and Chief Executive Officer. Mr. Solomon has served as our Chief Executive Officer since 1977.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Chief Executive Officer | Current |
| Forest Laboratories, Inc. | Chairman | Current |
| Inwood Laboratories, Inc. | President | Former |
President and Chief Operating Officer since October 2006. President and Chief Executive Officer at Celsion Corporation from July 2005 to October 2006. For the ten years prior to July 2005, Dr. Olanoff served as Executive Vice President – Chief Science Officer at Forest.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | President & Chief Operating Officer | Current |
| Forest Laboratories, Inc. | Board of Directors | Current |
| Celsion Corporation | Chief Executive Officer | Former |
| Forest Laboratories, Inc. | Executive Vice President, Scientific Affairs | Former |
| Celsion Corporation | Executive Vice President | Former |
| Case Western Reserve University | PhD (Biomedical Engineering) Degrees | Former |
Elaine Hochberg is our Senior Vice President – Marketing since December 1999 and Chief Commercial Officer since December 2007. Ms. Hochberg joined us in June 1997 as Vice President – Marketing of our wholly-owned subsidiary Forest Pharmaceuticals, Inc. In February 1998, she was promoted to Vice President – Marketing. Prior to joining us in 1997, Ms. Hochberg was Assistant Vice President – Marketing at Wyeth-Lederle Laboratories.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Senior Vice President, Marketing & Chief Commercial Officer | Current |
Francis I. Perier, Jr. is our Senior Vice President – Finance and Chief Financial Officer since September 2004. From March 2004 until joining us in September 2004, Mr. Perier was Vice President – Finance – Operations Planning – Americas Medicines at Bristol-Myers Squibb. For eight years prior to March 2004, Mr. Perier served in senior financial positions at Bristol-Myers Squibb including four years as Vice President – Finance, Planning, Business Development and Information Technology at its ConvaTec Division. Prior to that, Mr. Perier had been a partner at Deloitte & Touche, LLP.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Senior Vice President, Finance & Chief Financial Officer | Current |
| Forest Laboratories, Inc. | Senior Vice President, Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Executive Vice President, Global Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President, Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President, Business Development & Strategic Planning | Current |
| Project Rebirth, Inc | Producer | Current |
| Lincoln Center Theater | Board of Directors | Current |
| Project Rebirth, Inc | Board of Directors | Current |
| The Municipal Art Society | Board of Directors | Current |
| Paul, Weiss, Rifkind, Wharton & Garrison | Former | |
| Paramount Pictures Corporation | Director | Former |
| Yale Law School | Former |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President & General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President, Information Systems & Manufacturing Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President, Operations & Facilities | Current |
| Inwood Laboratories, Inc. | Vice President, Operations & Facilities | Former |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Corporate Secretary | Current |
| Forest Laboratories, Inc. | Board of Directors | Current |
Dan L. Goldwasser is an attorney in the New York office of Vedder Price, where he is a member of the firm's Corporate and Securities Practice. He is a graduate of Harvard University and Columbia Law School and has counseled dozens of companies (both private and public) in mergers, acquisitions, public offerings, private placements and tender offers. He is also an authority on restricted securities, representing both institutional and private investors in sales of restricted securities. Mr. Goldwasser is the author of A Guide to Rule 144 (PLI 1978), a treatise on restricted stock sales, as well as the chapter titled "The Underwritten Offering" in the treatise Securities Law Techniques published by Matthew Bender. More recently, he wrote the chapter on audit committees in Nonprofit Governance and Management (ABA 2002). He has also written numerous position papers and comment letters for the American Bar Association's Committee on Federal Regulation of Securities, on which he has served for over 35 years. Mr. Goldwasser has chaired and appeared in numerous symposia for the ABA, the Practising Law Institute and other bar associations on corporate and securities law topics, including programs on securities law opinions, blue sky laws, sales and resales of restricted securities, and directors and officers liability. He has also chaired an ABA satellite video program on business valuations. Mr. Goldwasser currently is a member of the American Bar Association's Committees on Federal Regulation of Securities and Law and Accounting, and he previously served on the Securities Law Committee of the Association of the Bar of the City of New York and the Committee on Corporation Law of the New York State Bar Association. He also serves on the board of directors of a public company and on its audit and compensation committees. In 2005, he was appointed as one of the five public members of the Auditing Standards Board, the senior technical committee of the AICPA with authority to publish statements of standards for the conduct of financial statement audits. The ASB statements are the authoritative standards for all non-public company audits.
| Organization | Position | Status |
|---|---|---|
| Vedder, Price, Kaufman & Kammholz | Attorney | Current |
| Corporate Inc | Board of Directors | Current |
| Forest Laboratories, Inc. | Board of Directors | Current |
| Harvard University | Former |
President, The George Cohan Company, Inc., consultants, since June 1989.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Board of Directors | Current |
Former President and Chief Operating Officer of Forest (December 1998 to September 2006). For eighteen years prior thereto, Mr. Goodman served as Vice President – Finance and Chief Financial Officer and in addition served as Executive Vice President – Operations since February 1998.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Board of Directors | Current |
| Forest Laboratories, Inc. | President | Former |
| Forest Laboratories, Inc. | Chief Operating Officer | Former |
Clinical Professor and member of the Clinical Attending Staff Internal Medicine, Mount Sinai Medical School. Prior thereto Dr. Salans was Vice President – Research at Sandoz Pharmaceutical Corporation.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Board of Directors | Current |
Associate Chief for Clinical Affairs, Division of Infectious Diseases, Massachusetts General Hospital (MGH). Dr. Basgoz previously served as Clinical Director, Infectious Diseases Division of MGH and serves as Associate Professor of Medicine, Harvard Medical School.
| Organization | Position | Status |
|---|---|---|
| Forest Laboratories, Inc. | Board of Directors | Current |
Executive News
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Nycomed, Forest Laboratories, Inc. (FRX) Lung Drug Shows Add-on Potential
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Nycomed/Forest - Ph III Data Published in The Lancet Showing that Roflumilast (Daxas), a New Oral Approach to COPD, Improves Lung Function and Reduces Exacerbations
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Four Studies Published in The Lancet Show roflumilast (Daxas(R)), a New Oral Approach...
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Four Studies Published in The Lancet Show Roflumilast (Daxas(R)), a New Oral Approach to COPD,...
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Four Studies Published in The Lancet Show roflumilast (Daxas(R)), a New Oral Approach to COPD, Improves Lung Function and Reduces Exacerbations
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Four Studies Published in The Lancet Show Roflumilast (Daxas), a New Oral Approach to COPD, Improves Lung Function and Reduces Exacerbations
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Glenmark takes 17% knock, biggest in 2 months
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Glenmark takes 17% knock
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2nd UPDATE: Glenmark, Forest Say Their Drug Failed In Trials
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UPDATE: Glenmark, Forest Say Oglemilast Failed In Key Study
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Glenmark, Forest Say Drug Trial Fails
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AstraZeneca and Forest Laboratories to Co-Develop and Commercialise a Late Stage Next Generation Anti-Infective
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AstraZeneca and Forest Laboratories to Co-Develop and Commercialize a Late Stage Next Generation Anti-Infective
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AstraZeneca, Forest Lab To Co-develop, Commercialize Anti-infective Ceftaroline Outside US, Canada & Japan - Update
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Forest Laboratories and AstraZeneca to Co-Develop and Commercialize a Late Stage Next...
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Forest Laboratories, Inc. (FRX) (JOBS) to Sell Nycomed's Lung Drug Daxas in U.S.; Forest to Pay $100 Million Upfront, Up to $500 Million More Later
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Forest Laboratories, Inc. (FRX) to Sell Nycomed's Lung Drug Daxas in U.S.; Forest to Pay $100 Million Upfront, Up to $500 Million More Later
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Forest Labs pays $100M upfront in Daxas pact
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BREAKING NEWS: Forest Labs pays $100M upfront in Daxas pact
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Nycomed and Forest Laboratories to Collaborate on US Commercialisation of Daxas(R) in COPD
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