Navigation Links
Surveys Find Key Changes in the Role of the Pharmaceutical CFO
Date:3/25/2008

Views from senior finance executives globally with an in-depth look at

perspectives in India

ISELIN, N.J., March 26 /PRNewswire/ -- Two separate Ernst & Young surveys underscore important changes in the role of the chief financial officer (CFO) and finance function in driving the success of pharmaceutical companies. With many multinational pharmaceutical companies welcoming a new CFO to their organization over the past two years, the survey results emphasize the key role the CFO will play as companies move away from a focus on driving top-line revenue growth to one on managing for return.

To achieve this change, 74% of respondents in an Ernst & Young global survey of senior pharmaceutical industry executives agreed that CFOs will need to shift their time from low value functions such as defensive monitoring and reporting to a focus on partnering to help shape growth strategies that enhance business performance.

"CFOs and the finance function are driving the business transformation that is now at the forefront of the industry," said Carolyn Buck Luce, Global Pharmaceutical Sector Leader, Ernst & Young. "In an era when pipelines are erratic, patents are expiring, and pricing is under pressure, the role of the CFO and finance function will become pivotal in driving improved returns, enhancing reputation and creating value."

Pharmaceutical CFOs managing for return

Ernst & Young's global survey showed that a large majority (92%) of respondents rated global cost reduction as a key issue for their business, with 25% saying cost reduction has been a focus for more than two years and 35% saying it has been a focus "for as long as I can recall." Over half (56%) felt it was the CFOs role to lead cost reduction initiatives and that competitive pressures (58%), profitability (58%), and the need for better returns for investors (33%) were the key drivers for cost reduction.

Along with managing for return
'/>"/>

SOURCE Ernst & Young
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. One of the Largest Post-WHI Physician Surveys Shows More Education is Needed: Patient Misinformation About Hormone Therapy Remains High
2. Parental surveys boost diagnosis abilities of pediatricians
3. Few Employers Addressing Workplace Stress, Watson Wyatt Surveys Find
4. Arbios Announces Management Changes
5. Renovis Announces Management Changes
6. Bradmer announces management changes
7. Streamline Health Announces Executive Management Changes
8. Onyx Pharmaceuticals Announces Management Changes
9. How pitching changes little leaguers shoulders
10. Sontra Medical Corporation Changes Name to Echo Therapeutics, Inc.
11. Medicare Changes Didnt Alter Cancer Care
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/6/2015)... Lewisberry, PA (PRWEB) May 06, 2015 A quality ... option for a functional yet practical way to raise chickens on ... coop by Chicken Coop Condo, it will have a chicken tractor ... It will last for many years, as it is able to ... help control which areas of the land are fertilized, and it ...
(Date:5/6/2015)... May 06, 2015 Corporate Executives ... of MEBC, an Alliance Award for excellence in ... FOCUS 2015, JDA’s annual user conference which brought ... and wholesale distribution sectors. This award recognizes MEBC, ... receiving services that advance their supply chain performance ...
(Date:5/6/2015)... Prime Pacific Health Innovations, the ... announce a new series of universal, one-time-use speculum ... footprint while improving treatment efficacy and saving therapists ... the world’s first waste hose designed specifically for ... claims the company’s president, Mr. Delmar Vogel. , ...
(Date:5/6/2015)... King of Prussia, PA (PRWEB) May 06, 2015 ... Business Process Outsourcing solutions to the Medicare Advantage, Medicare ... three finalists in the Continuity and Resilience Team category ... by the Business Continuity Institute to recognize the outstanding ... or operating in the North America Region, including the ...
(Date:5/6/2015)... Is Colorado’s legal cannabis industry the victim of ... will mark the 18-month milestone of its historic experiment ... Colorado’s legal marijuana industry has been successful and has ... some new challenges. , For example, many marijuana retailers ... the wake of last month’s “420” cannabis celebrations. And ...
Breaking Medicine News(10 mins):Health News:Chicken Coop Condo Launches the Chicken Tractor 2Health News:MEBC Receives Award for Consulting Excellence in Retail 2Health News:World’s First Compact Colon Hydrotherapy Speculum Kit 2Health News:World’s First Compact Colon Hydrotherapy Speculum Kit 3Health News:TMG Health Recognized by the Business Continuity Institute 2Health News:TMG Health Recognized by the Business Continuity Institute 3Health News:As Colorado Faces Regional Shortages, Cannabis CEO Says Marijuana Will Eventually Be Traded like Any Other Commodity 2Health News:As Colorado Faces Regional Shortages, Cannabis CEO Says Marijuana Will Eventually Be Traded like Any Other Commodity 3
... health as a means to prevent spread of HIV , , ... help prevent AIDS, say Japanese researchers. , The link, they ... found that periodontitis-causing P. gingivalis bacteria can trigger ... that causes AIDS. P. gingivalis is among ...
... clinically proven, extremely effective and safe product for ... was invented by Dr. Hanxian Huang, M.D., Ph.D., ... a unique ginger extract, in combination with vital ... joint cartilage. "This is a very effective natural ...
... 3 In conjunction with its first quarter 2009 earnings release ... Covance Inc. (NYSE: CVD ) is pleased to invite ... be broadcast live over the Internet on Thursday, April 30, 2009 ... Quarter 2009 Earnings Webcast and Slide Presentation, When: ...
... the essential benefits of a full-fledged system without high costs ... ... (Vocus) April 3, 2009 -- iMedica Corporation , a ... today the launch of Transition ™, a new electronic ...
... daughter who knows the struggles of keeping track ... medications, MyMedManager™ is a new comprehensive, healthcare organizer ... their caregivers to keep track of pertinent medical ... spiral binder, MyMedManager™ is the perfect tool for ...
... NEW YORK, April 2 President Obama,s economic stimulus ... healthcare system. For this area of healthcare reform ... technology companies and healthcare providers.See video from Siemens (NYSE: ... http://inr.mediaseed.tv/oneClip_C/?feed=X6fAfAtW_HWQ5S5paXB0nladeaiVEWtF Information technology (IT), ...
Cached Medicine News:Health News:A Clinically Proven, Extremely Effective and Safe Product for Joints Now Available 2Health News:iMedica Launches Transition™, a New, Streamlined EHR That Breaks Down the Barriers to Physician Adoption and Use 2Health News:iMedica Launches Transition™, a New, Streamlined EHR That Breaks Down the Barriers to Physician Adoption and Use 3Health News:iMedica Launches Transition™, a New, Streamlined EHR That Breaks Down the Barriers to Physician Adoption and Use 4Health News:New Medical Organizer Allows People to Easily Manage Their Own Healthcare 2Health News:New Medical Organizer Allows People to Easily Manage Their Own Healthcare 3
(Date:5/6/2015)... , May 6, 2015  LumiThera Inc., a medical ... (PBM) treatment for ocular disorders and disease, today announced ... join LumiThera,s Advisory Board to assist in the company,s ... DeValois "Norm" Dicks was the U.S. Representative for ... 1977 and 2013. He is a member of the ...
(Date:5/6/2015)... 2015 Research and Markets ( ... "Global Insulin Patch Market Opportunity Analysis" ... technology like ultrasound and iontophoresis are being used ... upon the type of technique, their prices may ... several patients. In long-term, it would be considered ...
(Date:5/6/2015)... YORK , May 6, 2015   CEFALY ... electrical nerve stimulation device specifically authorized for use prior ... announce significant breakthroughs in migraine treatment at the EUROHEADPAIN ... in Valencia, Spain , from May ... at a meeting of EUROHEADPAIN, a major European research ...
Breaking Medicine Technology:Retired Congressman Norman Dicks Joins LumiThera's Advisory Team 2Global Insulin Patch Market Opportunity Analysis 2015 2CEFALY to Present Breakthrough Data in Migraine Treatment at International Headache Society Congress 2
... ALLEGAN, Mich., May 10, 2011 Perrigo Company (Nasdaq: ... to settle all Hatch-Waxman litigation relating to fluticasone lotion brought ... relevant patents. Under the terms of the settlement, Perrigo can ... 22, 2012, or earlier under certain circumstances. ...
... Tenn., May 10, 2011 MedQuist Holdings Inc. (NASDAQ: ... transcription services and technology-enabled clinical documentation workflow solutions, today ... St. Joseph,s Hospital Health Center in Syracuse, New York, ... projected to achieve significant cost savings and improve efficiency ...
Cached Medicine Technology:Perrigo Announces Settlement of Cutivate Lotion Litigation 2MedQuist Awarded Clinical Documentation Outsource Contract for St. Joseph's Hospital Health Center With Focus on Cost Savings, Quality, Peace of Mind 2MedQuist Awarded Clinical Documentation Outsource Contract for St. Joseph's Hospital Health Center With Focus on Cost Savings, Quality, Peace of Mind 3
... designed specifically for posteror ... injection of silicone oil ... Special high pressure tubing ... cannula. May also be ...
For surgical treatment, repair and irrigation of the nasolacrimal system. Angled 45 degrees 13mm from end. Stainless steel probes, 20G x 1 3/4in (.90 x 45cm) Silicone rod, length 13 3/4in (40cm), Dia...
IOL choppers for positioning intraocular lenses. Blunt tip avoids damage to intraocular lenses. For .20mm diameter holes and larger....
...
Medicine Products: