Ex-Actavis CEO Paul Bisaro gets top job at Impax to send shares soaring
Investors were clearly impressed by the appointment of Paul Bisaro as the chief executive of USA-based generics company Impax Laboratories (Nasdaq: IPXL) as the firm’s share value shot up by 37% on Monday to $12.70.
Mr Bisaro succeeds Kevin Buchi, who has served as interim president and chief executive since December 2016.
The newcomer’s 25 years of generic and branded pharmaceutical experience has most recently included being the executive chairman of Ireland-incorporated drugmaker Allergan (NYSE: AGN), president and chief executive of Actavis (formely Watson Pharmaceuticals) and chairman of the board.
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