Otsuka America Pharmaceutical, Inc. and Otsuka Pharmaceutical Development & Commercialization, Inc. Announce Restructuring Changes Aimed at Growing Otsuka's Pharmaceutical Business... ( Restructuring efforts include the re-...)

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Otsuka America Pharmaceutical, Inc. and Otsuka Pharmaceutical Development & Commercialization, Inc. Announce Restructuring Changes Aimed at Growing Otsuka's Pharmaceutical Business Worldwide

Date:2/25/2009

Restructuring efforts include the re-alignment of shared services, including Business Technology, and establishment of Pharmaceutical Governance and Medical Device Governance Committees

ROCKVILLE, Md. and PRINCETON, N.J., Feb. 25 /PRNewswire/ -- Otsuka America Pharmaceutical, Inc. (OAPI) and Otsuka Pharmaceutical Development & Commercialization, Inc. (OPDC) have announced restructuring initiatives as part of the North American pharmaceutical organizations' ongoing efforts to become key growth drivers for Otsuka's pharmaceutical business worldwide. The announcement follows the recent appointment of Mark Altmeyer as President and Chief Executive Officer, OAPI, and Dean R. Haubrich, Ph.D., as Chairman, OAPI Board.

The restructuring changes include the establishment of two governance committees responsible for ensuring regulatory compliance, cross-functional information sharing, reporting, CEO advisory, and the evaluation of new ideas and business proposals. Comprised of senior leadership, the Pharmaceutical Governance Committee will oversee OAPI business activities and ensure the strong governance of the company, while the Medical Device Governance Committee will oversee the medical device and diagnostics business activities for OAPI.

OAPI and OPDC are also re-aligning shared services to increase efficiencies among the organizations, including re-structuring the human resources, risk management, business technology and brand strategy groups. In support of the company's business technology re-alignment and new information technology operating model, OAPI has appointed Robert Mack to Senior Vice President, Business Technology. In this role, Mack will provide executive leadership for the vision, direction, execution and effectiveness of Otsuka's Global Information Technology functions as well as its U.S. pharmaceutical affiliates.

"Otsuka's restructuring will increase efficiencies across OAPI a
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SOURCE Otsuka America Pharmaceutical, Inc.; Otsuka Pharmaceutical Development & Commercialization, Inc.
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