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Richard T. Clark Elected PhRMA Board Chairman
Date:3/28/2008

company's chief executive officer and president since May 2005. Prior to assuming the top management spot, he was president of the Merck Manufacturing Division from 2003 to 2005.

During his 35-year career with Merck, Mr. Clark has held a wide range of operating and strategic positions in manufacturing, managed care and quality control. He served as chairman and chief executive officer of Medco Health Solutions from June 2002 to March 2003 and as executive vice president and chief operating officer of Merck-Medco from 1997 to 2000. Under his leadership, Medco Health emerged as a dominant company in the pharmacy benefits management industry. Mr. Clark began his career at Merck in 1972 as quality control inspector and industrial engineer.

As he assumed the chairmanship of PhRMA, Mr. Clark welcomed the chance to lead the board during what promises to be a key year for the organization and its members. "This is a time of real challenge and change for the industry and one of real opportunity as well," Clark said. "Millions of people live longer and better as a result of the inspired and dedicated work of our employees, yet we still need to do more and set the bar for ourselves even higher. We must work together with our stakeholders to create more transparency and build more trust."

"As the debate over the future of health care in America takes shape, we renew our commitment to work with all stakeholders to preserve and strengthen the policies that are so critical to our member companies and to patients here in the U.S. and abroad," said Tauzin. "Together, we must ensure that America's pharmaceutical research companies are able to continue to lead the world in the development of life-changing medicines -- and that patients fighting disease have access to needed treatments and cures. I look forward to tackling these challenges with Dick and the rest of the PhRMA board."

Mr. Brennan was named chief executive officer of AstraZeneca in Janu
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SOURCE Pharmaceutical Research and Manufacturers of America
Copyright©2008 PR Newswire.
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