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 Solomon
Number of Employees 5,000
Contact Information

909 Third Avenue

New York, New York 10022-4731

www.frx.com

212-421-7850

NAICS Code Pharmaceutical Preparation Manufacturing: 325412

Recent Events

  • Phenomix forges $191M pact for diabetes drug

    12/02/09 - Joint Venture / Alliance - View Story

  • Forest Laboratories Q2 Profit Declines, Cuts FY10 EPS Forecast - Update

    10/20/09 - Bond / Stock Rating - View Story

  • Caraco Pharmaceutical Laboratories, Ltd. CPD Closes Asset Purchase Agreement with Forest Laboratories, Inc. FRX to...

    10/02/09 - Joint Venture / Alliance - View Story

  • Caraco, Forest close settlement deal on Lexapro

    10/02/09 - Merger / Acquisition - View Story

  • Rx marketing scams

    9/27/09 - Lawsuit Filed - View Story

  • Biotech Busy with Bevy of Small Deals

    9/12/09 - Joint Venture / Alliance - View Story

  • AstraZeneca and Forest Laboratories to Co-Develop and Commercialise a Late Stage Next Generation Anti-Infective

    8/13/09 - Joint Venture / Alliance - View Story

  • Nycomed and Forest Laboratories to Collaborate on US Commercialisation of DaxasR in COPD

    8/10/09 - Joint Venture / Alliance - View Story

  • Forest Laboratories, Inc. Reports Fiscal First Quarter 2010 Earnings Per Share of $0.87

    7/21/09 - Financial Announcement - View Story

  • Caraco Pharmaceutical Laboratories, Ltd. CPD Enters Into Asset Purchase Agreement with Forest Laboratories, Inc. FRX...

    7/11/09 - Joint Venture / Alliance - View Story

News & Analysis

forest laboratories inc. and sales strategy - All News and Analysis

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

  • Nycomed, Forest Laboratories, Inc. (FRX) Lung Drug Shows Add-on Potential

    BioSpace - 8/28/09 - View Story

  • 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

    Pharma Live - 8/28/09 - View Story

  • Four Studies Published in The Lancet Show roflumilast (Daxas(R)), a New Oral Approach...

    Reuters - 8/27/09 - View Story

  • Four Studies Published in The Lancet Show Roflumilast (Daxas(R)), a New Oral Approach to COPD,...

    Forbes.com - 8/27/09 - View Story

  • Four Studies Published in The Lancet Show roflumilast (Daxas(R)), a New Oral Approach to COPD, Improves Lung Function and Reduces Exacerbations

    PR Newswire - 8/27/09 - View Story

  • Four Studies Published in The Lancet Show Roflumilast (Daxas), a New Oral Approach to COPD, Improves Lung Function and Reduces Exacerbations

    Business Wire - 8/27/09 - View Story

  • Glenmark takes 17% knock, biggest in 2 months

    Economictimes - 8/19/09 - View Story

  • Glenmark takes 17% knock

    Economictimes - 8/19/09 - View Story

  • 2nd UPDATE: Glenmark, Forest Say Their Drug Failed In Trials

    Morningstar.com - 8/19/09 - View Story

  • UPDATE: Glenmark, Forest Say Oglemilast Failed In Key Study

    Morningstar.com - 8/19/09 - View Story

  • Glenmark, Forest Say Drug Trial Fails

    The Wall Street Journal Interactive Edition - 8/19/09 - View Story

  • AstraZeneca and Forest Laboratories to Co-Develop and Commercialise a Late Stage Next Generation Anti-Infective

    WebWire - 8/13/09 - View Story

  • AstraZeneca and Forest Laboratories to Co-Develop and Commercialize a Late Stage Next Generation Anti-Infective

    PharmaceuticalProcessing - 8/13/09 - View Story

  • AstraZeneca, Forest Lab To Co-develop, Commercialize Anti-infective Ceftaroline Outside US, Canada & Japan - Update

    RTTNews.com - 8/12/09 - View Story

  • Forest Laboratories and AstraZeneca to Co-Develop and Commercialize a Late Stage Next...

    Forbes.com - 8/12/09 - View Story

  • 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

    BioSpace - 8/11/09 - View Story

  • 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

    BioSpace - 8/10/09 - View Story

  • Forest Labs pays $100M upfront in Daxas pact

    FierceBiotech - 8/10/09 - View Story

  • BREAKING NEWS: Forest Labs pays $100M upfront in Daxas pact

    FierceBiotech - 8/10/09 - View Story

  • Nycomed and Forest Laboratories to Collaborate on US Commercialisation of Daxas(R) in COPD

    PR Newswire via Yahoo! - 8/10/09 - View Story

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     FRX $31.20 -0.03 (-0.10% )
Average Volume 2,471,930
Shares Outstanding 301.77M
Market Cap 9.4B
Year High 31.77
Year Low 18.37
Earnings Per Share 2.41
P/E Ratio 12.95
Dividend N/A
Yield N/A
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