Senate panel grills pharma CEO over executive bonuses. Calls ties to sales of blockbuster drug Humira 'problematic'
A senate panel on Tuesday grilled AbbVie Chairman and CEO Richard Gonzalez about the U.S. drugmaker's arthritis treatment Humira, saying that tying executive bonuses to sales of the blockbuster drug was"problematic." Humira's $18.3 billion in 2017 sales — which rose 14.6 percent from the previous year and accounted for about 65 percent of the company's $28.
, said in questioning the CEO at a hearing on prescription drug costs before the Senate Finance Committee on Tuesday."Would you make a smaller bonus if you dropped the price of Humira?" In response, Gonzalez said,"Humira was one element of a set of financial factors that were evaluated as part of my compensation. It's obviously a very significant product for us. So it is clear it would be a part of the evaluation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Abbvie May Have A Tough Time Defending Humira's Price Before CongressDrug maker Abbvie may have to defend the price of its Humira treatment before the U.S. Senate Finance Committee today.
Consulte Mais informação »
Why Abbvie May Have A Tough Time Defending Humira's Price Before CongressDrug maker Abbvie may have to defend the price of its Humira treatment before the U.S. Senate Finance Committee today.
Consulte Mais informação »
Why the CEO of this company with $100 million in sales flies economy, shares hotel roomsThis is why Boxed’s CEO skips business class and flies economy for international flights. via CNBCMakeIt
Consulte Mais informação »
Auto sales are headed for further declines, says AutoNation CEO Mike JacksonOutgoing AutoNation CEO Mike Jackson says investors should not buy auto stocks when the industry heads into a period of decline.
Consulte Mais informação »
All executives at Johnson & Johnson are annually measured against a 75-year-old essayJohnson & Johnson CEO Alex Gorsky explains that a 75-year-old 'credo' is not a marketing tool but a way of life at the company.
Consulte Mais informação »
Zillow's CEO is outZillow shares fell in after-hours trading Thursday after the company said its CEO was departing.
Consulte Mais informação »