Essential Pharma, an international specialty pharma company focused on maintaining access to well-established, “at risk” products essential to patients across multiple therapeutic areas, announced the appointment of Steen Vangsgaard as Chief Executive Officer.
Steen has more than 20 years of experience in the specialty pharma and generics sector gained across a wide range of international commercial operations and companies.
He joins Essential Pharma from Covis Pharma, a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses, where he was Senior Vice President, General Manager Europe/Rest of world.
At Covis, Steen had P&L responsibility for key products in Europe and Rest of World and reported directly to the Covis CEO. In this role, Steen established a global commercial and distribution organisation that successfully integrated and commercialised acquired global product opportunities.
Prior to Covis Pharma, Steen spent a number of years at Mylan Pharmaceuticals, where as Vice President, Area Director, he managed the European integration of Abbott’s generics division, that generated $1.8 billion of revenue across 38 markets in Europe, following its acquisition in 2015.
Before Mylan, Steen was Vice President, Commercial Operations Western Europe for Actavis, now part of Teva, were he managed all aspects of the business. Under his management the business saw significant growth in revenues and profits.
Steen has a degree in Sports Sciences from the University of Copenhagen and an MBA from London Business School.
Steen will work closely with Ingvild Liborg, who is moving to become Essential Pharma’s Deputy CEO.
Patrick Vink, Chairman of Essential Pharma, said: “We are extremely pleased to attract someone of Steen’s experience and calibre to lead Essential Pharma through the next phase of our high growth strategy. This ambitious plan is centred on acquiring new products to drive geographic expansion, and Steen’s extensive international operational, business development and leadership experience will be crucial to our future success. I am confident that Steen will play a central role in growing the company and ensuring that we continue to deliver value for all our stakeholders as we look to supply essential medicines to more and more patients around the globe.”
Steen Vansgaard added: “I am tremendously excited to be joining Essential Pharma as it embarks on an ambitious global plan to rapidly scale the Company, leveraging its proven business model centred on acquiring and growing the sales of “at risk” specialty medicines and thereby ensuring patient access to these essential medicines. With the support of Ingvild, and the rest of the senior management team and our key shareholders, I am very confident the Company is in a strong position to achieve its aims.”
Essential Pharma operates in over 20 countries, including in the UK, EU, Asia, and New Zealand, supplying a portfolio of over 150 essential medicines across multiple therapeutic areas.
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