The Trump administration has indicated plans to reform the U.S. Food and Drug Administration (FDA) “to put greater focus on the need of patients for new and innovative medical products.” So far, it hasn’t selected a commissioner for the FDA, although some of the names suggested, such as Jim O’Neil, a venture capitalist, and Balaji Srinivasan, co-founder of genetics testing company Counsyl, have showed indications that they want to focus on drug safety rather than efficacy, perhaps even cutting the need for in-depth Phase III clinical trials.
Fry has over two decades of senior management experience in the life sciences and telecommunications industries and joins the biotech from Vodafone, where he served as director of global finance operations.
GlaxoSmithKline Pharmaceuticals has announced completion of its transaction with Novartis India today where GSK India acquires Novartis' vaccines business and divests its marketed oncology portfolio to Novartis India.