PRINCETON, N.J., May 8 /PRNewswire-FirstCall/ -- Covance Inc. (NYSE: CVD) today announced that it has elected Joseph C. Scodari to its Board of Directors.
"We are very pleased to have Joe Scodari join our Board of Directors. He has enjoyed a distinguished 34-year career as a key leader in the pharmaceutical and biotechnology industries, and he has a proven track record of driving growth in large, complex global healthcare businesses," said Joe Herring, Covance chairman and CEO. "In addition, Mr. Scodari's expertise in strategy development and pharmaceutical R&D will help us further strengthen our large client partnerships and enhance our ability to provide productivity solutions that matter."
"Covance's market leadership and broad service offerings position it well to help pharmaceutical companies reduce the time and cost of drug development," Mr. Scodari said. "I look forward to working with Joe and the esteemed group of board members to take advantage of the significant market opportunities in the drug development services industry and continue to drive the company's growth."
Mr. Scodari was recently the worldwide chairman of the Johnson &
Johnson (J&J) Pharmaceuticals Group. In this role, he led efforts to
improve research and development productivity and build a more robust
pipeline. He was also a member of the J&J executive committee and a
corporate officer. Before Mr. Scodari was appointed worldwide chairman of
J&J's pharmaceutical business in 2005, he was the company group chairman of
J&J's global biopharmaceuticals business and was responsible for commercial
activities in biotechnology and for specialty businesses in oncology and
virology. Under his leadership, Tibotec Therapeutics launched PREZISTA(R)
(darunavir), the company's first entry into the HIV market. Previously, Mr.
Scodari served as company group chairman for the North America
pharmaceuticals business, which included management responsibility for
Ortho-McNeil, Janssen
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