Tarsus Pharmaceuticals replaces CFO
CFO Dive
APRIL 25, 2023
The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.
New CVS drug pricing formula won’t drive up costs, CFO says
CFO Dive
JANUARY 8, 2024
Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.
Pharmaceutical 
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CFO Corner With SCHOTT Pharma’s Almuth Steinkühler
Global Finance
APRIL 3, 2025
Almuth Steinkhler has been CFO of SCHOTT Pharma, which designs drug containment products and drug delivery systems for pharmaceutical and biotech companies, since August 2022. However, for a CFO, the real deal starts at day one after the listing day. Steinkhler previously worked at ThyssenKrupp and Continental AG.
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52 Webinars
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
What Your Financial Statements Are Telling You—And How to Listen!
1057: Building Strategic Value: Inside the Finance Engine Room | Georgy Egorov, CFO, ZeroAvia
CFO Thought Leader
DECEMBER 16, 2024
Maybe it was a little bit of beginners luck, Georgy Egorov tells us, reflecting on his first CFO appointment at a biotech startup. Today, Egorovs CFO mindset is firmly anchored in building strategic value. ” Georgy Egorov, CFO, ZeroAvia CFOTL: Tell us about this companywhat does it do, and what are its offerings today?
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Entod Pharmaceuticals appoints Balasubramanian K Pillai as its new CFO
CFO News
MARCH 18, 2025
ENTOD Pharmaceuticals has appointed Balasubramanian K Pillai as its new CFO. Pillai, a Chartered Accountant with over 26 years of diverse experience, aims to enhance financial strategies and drive sustainable growth.
Ep 1: Raising Capital, Resource Allocation & Book Tips
CFO Thought Leader
JANUARY 20, 2025
On this episode of 1-2-3 , Emma Seymour , CFO at Deputy, reveals the behind-the-scenes steps to raising capital from strategic partners and achieving unicorn status. Next, Dev Ahuja , CFO of Novelis , explains how his pharmaceutical background at Novartis fueled disciplined resource allocation and strategic growth in manufacturing.
Pharma CFO Anthony Doyle Plans for Uncertainty
CFO
APRIL 21, 2022
“If we tell you something, it’s because we believe it, and we’re neither sandbaggers nor are we going to lead with our chin and put out outrageous goals,” said Anthony Doyle, CFO of BioCryst Pharmaceuticals, when asked to describe how the publicly held biotech has established credibility by executing on projections.
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Netflix, Alphabet, Nordstrom, PagerDuty, more
CFO News Room
JANUARY 21, 2023
” Eli Lilly — Shares of the pharmaceutical company slumped more than 1% in premarket after the U.S. Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. The firm also announced that co-CEO Reed Hastings would step down from the role.
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Government steps up efforts to drive innovation in pharmaceutical sector
CFO News
FEBRUARY 13, 2023
"We are in the process of identifying seven centres of excellence (CoE) which will undertake research in moonshot areas," N Yuvaraj, joint secretary, department of pharmaceuticals, to ET.
Members Spotlight: Professor Ian Kruger
CFO Talks
OCTOBER 28, 2024
Members Spotlight: Professor Ian Kruger At CFO Club Africa, we take pride in sharing the stories and achievements of our members through a dedicated profile series. These profiles spotlight the journeys, expertise, and personal insights of CFOs and finance leaders who are making a real impact in their organizations and the finance industry.
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Transcenta announces the appointment of Daniel Weng as CFO
Future CFO
JANUARY 17, 2022
Hong Kong-listed clinical stage biopharmaceutical firm Transcenta Holding Limited announces the appointment of Daniel Weng as the company's CFO. Prior to Transcenta, he served as the vice president and Head of finance at Hong Kong-listed CStone Pharmaceuticals.
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Report: Using Digital AP To Build Faster Subcontractor Payments Flows
PYMNTS
SEPTEMBER 24, 2020
The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools. The CFO Guide To Digitizing B2B Payments , a collaboration between PYMNTS and Comdata , examines how companies are upgrading to digital vendor onboarding and payments.
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DEA Pressed ADHD-Drug Makers About Impact of Telehealth Firms on Surging Demand
CFO News Room
DECEMBER 31, 2022
The DEA said in December that it wouldn’t allow any increase in 2023 production of pharmaceutical ingredients that go into Adderall and other stimulants used to treat ADHD. While the letter doesn’t cite specific companies, it reflects the DEA’s concerns about marketing efforts for ADHD treatment by telehealth companies such as Cerebral Inc.
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Hong Kong-based Immuno Cure BioTech names new CFO
Future CFO
NOVEMBER 22, 2022
Immuno Cure BioTech, a clinical stage biotechnology group based in the Hong Kong Science Park specialising in DNA vaccines and immunotherapies, announced recently the appointment of Mark Lo Chun Bun as CFO of the Group. More CFO appointment news The post Hong Kong-based Immuno Cure BioTech names new CFO appeared first on FutureCFO.
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Tesla, Southwest, Apple, AMC and more
CFO News Room
DECEMBER 28, 2022
Kala Pharmaceuticals — The biopharmaceutical company surged more than 200% following the Food and Drug Administration’s acceptance of an investigational new drug application for its potential treatment for persistent corneal epithelial defect. The firm gave the stock a price target of $29, which presents an upside of 75.4%
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CFO Pros on the Move: April
The Finance Weekly
MAY 4, 2023
Now, more than ever, the decisions made by the CFO are likely to affect the performance of the entire organization. In this article, we have compiled a list of some of the CFO moves that took place in April. CFO Pros on the Move April 2023 Jiajia Wu | Hyzon Motors , Jiajia Wu has been appointed as the interim CFO at Hyzon Motors.
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Local pharma companies queue up for JB Chemicals & Pharmaceuticals
CFO News
MAY 23, 2024
Mankind Pharma, Dr Reddy's Laboratories, and Torrent Pharma are interested in acquiring JB Chemicals & Pharmaceuticals from KKR. KKR's investment arm, TAU Investment, owns 53.78% in JB Chemicals, worth Rs 14,020 crore. The company's revenue doubled to Rs 3,484 crore in FY24 under KKR's ownership.
Futuristic Finance: Strategic Thinking for Tomorrow’s CFO
CFO Talks
AUGUST 15, 2024
Futuristic Finance: Strategic Thinking for Tomorrow’s CFO In an era where rapid technological advancements and global economic shifts are the norm, Chief Financial Officers (CFOs) are not just financial stewards but strategic visionaries. Developing a Strategic Mindset Tomorrow’s CFO must think like a strategist.
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920: When Leadership Calls | Erin Colgan, CFO, Sensei Bio
CFO Thought Leader
JULY 30, 2023
Thus it was for Erin Colgan, who in July 2020—after having invested 9 years within the finance rank-and-file of pharma giant Vertex Pharmaceuticals and 8 years with PWC—opted to become the 20th employee of a promising biotech start-up. Colgan observes: “You can’t make those types of decisions ‘later.’
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Walgreens, Coinbase, Duolingo, Ralph Lauren
CFO News Room
NOVEMBER 11, 2022
GSK — Shares of the pharmaceutical company dropped 6.2% Ralph Lauren — The clothing maker popped 7.7% after it reported better-than-expected second quarter earnings. UBS called the company a “turnaround stock,” noting useful changes to its business model.
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Stocks Drop as Jobs Report Increases Rate-Hike Jitters
CFO News Room
FEBRUARY 5, 2022
HIG ), and Regeneron Pharmaceuticals, Inc. The plan will hand control of the specialty pharmaceutical company to creditors. Among companies reporting earnings today are Bristol Myers Squibb Company ( BMY ), Cboe Global Markets, Inc. CBOE ), The Hartford Financial Services Group, Inc. ( Bureau of Labor Statistics. billion opioid deal.
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CFO Pros on the Move: March
The Finance Weekly
APRIL 1, 2023
However, amidst this uncertainty, the need for qualified CFOs remains as crucial as ever. CFO Pros on the Move March 2023 Steve Nave | Funko Funko, the pop-culture toy company, has named , Steve Nave as its CFO and COO. Burke takes over from Brian Cooper, who assumed the CFO role in 2021. She is also a U.S. Army veteran.
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Tesla, Nvidia, Lululemon and more
CFO News Room
JANUARY 9, 2023
Regeneron – Regeneron slipped 5% after the pharmaceutical company said that sales of its Eylea drug were negatively impacted in the final quarter of 2022 by a shift to an off-label competitor.
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Amazon, Snap, Ford and more
CFO News Room
FEBRUARY 4, 2022
Check out the companies making headlines before the bell: Regeneron Pharmaceuticals (REGN) – The drugmaker reported adjusted quarterly earnings of $23.72 per share, beating the $18.35 consensus estimate. Revenue also topped the forecast on strong sales of the company’s Covid-19 antibody therapy as well as its eye drug Eylea.
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983: The CFO as Architect of Value | Aaron Alt, CFO, Cardinal Health
CFO Thought Leader
MARCH 17, 2024
In the world of finance, where leadership roles await those who distinguish themselves along a select number of familiar paths, Aaron Alt’s journey to becoming a CFO stands out for its breadth and depth, transcending conventional boundaries. We’re a distributor of pharmaceutical products across the U.S.,
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Holding Onto Your Marketing Budget in a Downturn
CFO News Room
NOVEMBER 13, 2022
Build a tight relationship with your CEO and CFO. Partnership, transparency, and communication with your CEO, CFO, and likely even the board as well, are a potential antidote to cutting critical spend in this challenging moment. Under the stress of economic uncertainty, it’s more important than ever to keep an open dialogue.
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Chinese Study highlights limitations on IAS 38, accounting for intangible assets
CFO Talks
OCTOBER 2, 2024
This study provides some key insights that are highly relevant to our discussions and podcasts at the CFO Club on how South Africa can improve its treatment of intangible assets to foster economic growth. How CIBA and the CFO Club Can Assist CFOs 1. A milestone approach” was authored by Shefei Ma and Weiguo Zhang in 2023.
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The Swiss are coming as $100 bn deal shifts focus from China to India
CFO News
OCTOBER 28, 2024
Swiss firms like ABB and Kuehne+Nagel are expanding their operations, while the deal will also boost Indian exports of pharmaceuticals, clothing, and machinery. This agreement will reduce tariffs on exports and open up the Indian market.
StemiRNA Therapeutics appoints Dr. Jack Hu as CFO
Future CFO
JANUARY 4, 2022
StemiRNA Therapeutics — a clinical stage mRNA biopharmaceutical company located in Shanghai, Beijing and Boston — recently announced the appointment of Dr. Jack Hu as CFO. The post StemiRNA Therapeutics appoints Dr. Jack Hu as CFO appeared first on FutureCFO.
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946: Using the Influence at Your Command | Natalie Laackman, CFO, MedSpeed
CFO Thought Leader
OCTOBER 29, 2023
Now Read the article on Forbes.com CFO Natalie Laackman discusses the importance of empowering and enabling operational teams to identify ways to add value to clients, especially in the face of escalating costs, and how this approach helps in building client relationships. Like many companies, we’re still early-stage.
922: The Lessons We Learn | Dev Ahuja, CFO, Novelis
CFO Thought Leader
AUGUST 6, 2023
Still, Ahuja’s Swiss experiences would prove to grow even more valuable in the years ahead, as he would come to occupy the CFO offices of Novartis Korea (3 years) and Novartis Japan (2 years). ” –Dev Ahuja, CFO, Novelis CFOTL: Tell us about Novelis …. In the pharmaceutical space, I was very proud of what I was doing.
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Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more
CFO News Room
NOVEMBER 13, 2022
AstraZeneca – The pharmaceutical company added 6.6% Dutch Bros – Shares of coffee chain Dutch Bros surged 23.4% after the company reported solid quarterly earnings that beat Wall Street expectations. In addition, Bank of America said the chain is poised for success in the short and long-term.
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People moves: Xinjiang Goldwind, Fabchem China
Future CFO
AUGUST 9, 2022
announced recently the appointment of Wang Hongyan as CFO. Wang was the CFO of Beijing Konruns Pharmaceutical Co., Singapore-listed Fabchem China Limited said lately that it has named Kwek Wei Lee as CFO. Hong Kong-listed Xinjiang Goldwind Science & Technology Co., from March 2020 to August 2021. from 2004 to 2005.
Netflix, Coinbase, Alphabet, SVB Financial & more
CFO News Room
JANUARY 20, 2023
” Eli Lilly — Shares of the pharmaceutical company fell more than 2% after the U.S. .” Coinbase — The crypto services firm climbed 6.6% Food and Drug Administration rejected the drugmaker’s experimental Alzheimer’s disease treatment as it had not provided enough trial data.
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Why IAS 38 is Hindering South Africa’s Growth: A Call for Change
CFO Talks
SEPTEMBER 30, 2024
If we continue down this path, we risk permanently hindering the development of sectors critical to our future, such as technology, pharmaceuticals, and renewable energy. The post Why IAS 38 is Hindering South Africa’s Growth: A Call for Change appeared first on CFO Club Africa. The future of South Africa’s economy depends on it.
Tencent-Backed WeDoctor Still Planning Huge IPO By February
PYMNTS
DECEMBER 16, 2020
Chinese healthcare technology group WeDoctor is still planning a massive IPO in Hong Kong in the coming months, despite the recent departure of its CFO, John Cai. Sources told Bloomberg that WeDoctor aims to file an IPO prospectus around the Lunar New Year in February, with hopes to raise $500 million to $1 billion.
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3 Ways to Build Trust with Your Suppliers
CFO News Room
NOVEMBER 6, 2022
Take a pharmaceutical company that had outsourced its facilities management to a supplier for almost 25 years. While savings and performance targets were being met, the pharmaceutical company was irritated with the supplier’s lack of innovation.
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From pharma to auto: How will US tariff hike impact different sectors in India?
CFO News
APRIL 4, 2025
The tariff hike covers several major export sectors, including electronics, textiles, pharmaceuticals, gems and jewellery, agricultural products, chemicals, and automobiles and parts. However, pharmaceuticals have been exempt from the new tariffs for now.
Pharmaceutical companies step up hiring of sales representatives to expand market share
CFO News
DECEMBER 22, 2022
Industry executives and headhunters told ET that salesforce is needed as they launch more products targeting chronic therapeutic segments such as diabetes, heart failure, central nervous system and respiratory.
Uber, Abiomed, Peloton, Carvana, Molson Coors and more
CFO News Room
NOVEMBER 1, 2022
Pfizer – Shares of the pharmaceutical giant jumped nearly 3% after the company reported stronger-than-expected earnings and issued an improved financial outlook. Johnson & Johnson is looking to boost growth at its medical devices unit after it completes plans for a spinoff of its consumer health business next year.
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Pharmaceutical industry expected to see positive growth this year: Charu Sehgal, Deloitte India
CFO News
JUNE 9, 2023
According to Charu Sehgal, the market expectations are on similar lines as indicated by the stock prices which for many pharma companies had risen by 20-30% in Apr’20 compared to the Q3FY20 period.
Today In Payments: Citi Partners With Mastercard For Google Pay Plex Accounts; PayPal Boosts Xoom’s Money Transfer Capabilities
PYMNTS
NOVEMBER 20, 2020
Plus, the CFO of Walgreens doesn’t feel threatened by Amazon’s foray into the pharmacy industry. Walgreens CFO Unfazed By Amazon’s Pharmacy Entry. 19) that most people remain fiercely loyal to physical drugstores for their pharmaceutical needs. Citi Partners With Mastercard For Google Pay Plex Accounts.
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FTAs and new markets will increase India's export to USD 1 trillion by 2030
CFO News
MARCH 29, 2024
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
Indian pharma headwinds to subside in FY24: ICRA
CFO News
JULY 25, 2023
Rating agency ICRA said it expects the revenues of its sample set of 25 Indian pharmaceutical companies which account for 60% of the overall Indian pharmaceutical industry to grow by 7-9% in FY24.
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