Breaking News Bar
updated: 5/13/2013 10:52 AM

North Chicago's AbbVie's science chief to retire

hello
Success - Article sent! close
 
Bloomberg News

North Chicago-baseed AbbVie Inc.'s longtime head of research will retire from the drugmaker, leaving the newly spun off company without a leader for its efforts to develop new medicines and buttress its future prospects.

Chief Scientific Officer John Leonard, 55, will retire in the next few months, AbbVie said today in regulatory filing. The company didn't name a successor to Leonard, who has been with AbbVie and its parent, Abbott Laboratories for about 21 years.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The drug company has been trying to diversify its products past Humira, a rheumatoid arthritis injection that sold $9.27 billion last year and made up 50 percent of sales. One top product, a kidney drug called bardoxolone methyl, failed in final-stage clinical trials last year. Another treatment for the viral infection hepatitis C is in the last stage of testing.

Leonard "will be involved in the transition process for naming his successor," the company said in the filing. AbbVie split from Abbott at the beginning of this year in a move to let each company focus on its core product lines of drugs and medical devices, respectively.

Jennifer Smoter, a spokeswoman for AbbVie, declined to elaborate further on Leonard's departure. "We will announce future organizational plans at a later date," she said in an e- mail.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.