Heather Bresch
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Heather Bresch
Heather Manchin Bresch (' Manchin; born June 27, 1969) is an American business executive. In 2012, she was named as the chief executive officer (CEO) of Netherlands-based pharmaceutical company Mylan, becoming the first woman to run a Fortune 500 pharmaceutical company. Bresch retired in 2020, upon the closing of Mylan’s combination with Upjohn. Bresch has been a central figure in two controversies: a 2007 accusation of inflating her resume with an unearned MBA degree, and as the CEO of Mylan during the 2016 controversy over pricing of the company's EpiPen products. In 2015, she was listed as #22 in ''Fortune'' magazine's “Most Powerful Women” list. Bresch is the daughter of former West Virginia Governor and current U.S. Senator Joe Manchin. Early life and education Born Heather Renée Manchin, in Morgantown, West Virginia, Bresch grew up in Fairmont and Farmington, West Virginia, in a Roman Catholic family of partial Italian and Czech descent. She is the daughter of G ...
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Morgantown, West Virginia
Morgantown is a city in and the county seat of Monongalia County, West Virginia, Monongalia County, West Virginia, United States, situated along the Monongahela River. The largest city in North-Central West Virginia, Morgantown is best known as the home of West Virginia University. The population was 30,712 at the 2020 U.S. Census, 2020 census. The city serves as the anchor of the Morgantown metropolitan area, which had a population of 138,176 in 2020. History Morgantown's history is closely tied to the Anglo-French struggle for this territory. Until the Treaty of Paris (1763), Treaty of Paris in 1763, what is now known as Morgantown was greatly contested by white settlers and Native Americans in the United States, Native Americans, and by British and French soldiers. The treaty decided the issue in favor of the British, but Indian fighting continued almost to the beginning of the American Revolutionary War in 1775. Zackquill Morgan and David Morgan (frontiersman), David Morgan, ...
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United States Senator
The United States Senate is the Upper house, upper chamber of the United States Congress, with the United States House of Representatives, House of Representatives being the Lower house, lower chamber. Together they compose the national Bicameralism, bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of #Membership, senators, each of whom represents a single U.S. state, state in its entirety. Each of the 50 states is equally represented by two senators who serve Classes of United States senators, staggered terms of six years, for a total of 100 senators. The Vice President of the United States, vice president of the United States serves as presiding officer and president of the Senate by Ex officio member, virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the Presiden ...
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Authorized Generics
Authorized generics are prescription drugs produced by brand pharmaceutical companies and marketed under a private label, at generic prices. Authorized generics compete with generic products in that they are identical to their brand counterpart in both active and inactive ingredients; whereas according to the U.S. Food and Drug Administration's Office of Generic Drugs, generic drugs are required to contain only the identical active ingredients as the brand. Authorized generics compete with generics on price, quality and availability in the generic marketplace, and are marketed to consumers during and after what is commonly known as “the 180-day exclusivity period”. In 2011 the FTC issued a final report on authorized generics (following its 2009 interim report) that showed that when innovator companies launched authorized generics during the 180 day exclusivity period granted to the first generic company to file an ANDA, prices were significantly lower that when there was no auth ...
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Medicare Part D
Medicare Part D, also called the Medicare prescription drug benefit, is an optional United States federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs. Part D was enacted as part of the Medicare Modernization Act of 2003 and went into effect on January 1, 2006. Under the program, drug benefits are provided by private insurance plans that receive premiums from both enrollees and the government. Part D plans typically pay most of the cost for prescriptions filled by their enrollees. However, plans are later reimbursed for much of this cost through rebates paid by manufacturers and pharmacies. Part D enrollees cover a portion of their own drug expenses by paying cost-sharing. The amount of cost-sharing an enrollee pays depends on the retail cost of the filled drug, the rules of their plan, and whether they are eligible for additional Federal income-based subsidies. Prior to 2010, enrollees were required to pay 100% of their retail ...
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Medicare Prescription Drug, Improvement, And Modernization Act
The Medicare Prescription Drug, Improvement, and Modernization Act, also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003. It produced the largest overhaul of Medicare in the public health program's 38-year history. The MMA was signed by President George W. Bush on December 8, 2003, after passing in Congress by a close margin. Prescription drug benefits The MMA's most touted feature is the introduction of an entitlement benefit for prescription drugs, through tax breaks and subsidies. In the years since Medicare's creation in 1965, the role of prescription drugs in patient care has significantly increased. As new and expensive drugs have come into use, patients, particularly senior citizens at whom Medicare was targeted, have found prescriptions harder to afford. The MMA was designed to address this problem. The benefit is funded in a complex way, reflecting diverse priorities of lobbyists and constituencies. * It provides ...
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Milan Puskar
Milan "Mike" Puškar (September 8, 1934 – October 7, 2011) was an American entrepreneur and philanthropist from Morgantown, West Virginia. Biography Puskar was born in Vintondale, Pennsylvania, to ethnic Serbian parents from Kordun. He graduated from Youngstown State University in 1960. In 1961, he and Don Panoz co-founded a pharmaceutical company which became Mylan Inc. Puskar was Mylan's president from 1976 through 2000. In November 1993, aged 58, he became the company's chairman and chief executive officer. He served as CEO until 2002 and as chairman until 2009. Following his retirement as CEO, his successor Robert J. Coury drastically cut employee benefits and blocked Puskar from entering Mylan’s Morgantown facility, and Puskar came to regret putting him in charge of the company. West Virginia University's Milan Puskar Stadium was named for him after he made a US$20 million donation. Morgantown Health Right a free clinic was renamed Milan Puskar Health Right in 2004 i ...
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Generic Drug
A generic drug is a pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents. Generic drugs are allowed for sale after the patents on the original drugs expire. Because the active chemical substance is the same, the medical profile of generics is equivalent in performance. A generic drug has the same active pharmaceutical ingredient (API) as the original, but it may differ in some characteristics such as the manufacturing process, formulation, excipients, color, taste, and packaging. Although they may not be associated with a particular company, generic drugs are usually subject to government regulations in the countries in which they are dispensed. They are labeled with the name of the manufacturer and a generic non-proprietary name such as the United States Adopted Name (USAN) or International Nonproprietary Name (INN) of the drug. A generic drug must contain the same active ingredients as the original brand-name ...
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Motion Of No Confidence
A motion of no confidence, also variously called a vote of no confidence, no-confidence motion, motion of confidence, or vote of confidence, is a statement or vote about whether a person in a position of responsibility like in government or management is still deemed fit to hold that position, such as because they are inadequate in some aspect, fail to carry out their obligations, or make decisions that other members feel to be detrimental. The parliamentary motion demonstrates to the head of government that the elected Parliament either has or no longer has confidence in one or more members of the appointed government. In some countries, a no-confidence motion being passed against an individual minister requires the minister to resign. In most cases, if the minister in question is the premier, all other ministers must also resign. A censure motion is different from a no-confidence motion. Depending on the constitution of the body concerned, "no confidence" may lead to the dism ...
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Master Of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management. Some programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources, but an MBA is intended to be a generalized program. MBA programs in the United States typically require completing ...
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Ian Urbina
Ian Urbina (born March 29, 1972) is an American investigative reporter who has written for a variety of outlets, including ''The New York Times'' and ''The Atlantic''. Urbina is the author of The New York Times Best Seller list, ''The New York Times'' bestseller ''The Outlaw Ocean'' and founder of journalism nonprofit, ''The Outlaw Ocean Project''. Early life and education As a student at St. Albans School (Washington, D.C.), St Albans and Georgetown University, Urbina was a long-distance runner. Urbina has degrees in history from Georgetown University and the University of Chicago. Career Urbina was outreach editor at the Middle East Research and Information Project from 2000-2003. A 2007 ''New York Times'' investigation by Urbina about "mag crews" — traveling groups of teenagers, many of them runaways or from broken homes, who sell magazine subscriptions — was optioned for a 2016 movie, ''American Honey (film), American Honey'', directed by Andrea Arnold and starring S ...
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Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ...
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The Intelligencer & Wheeling News Register
''The Intelligencer'' and ''Wheeling News Register'' are combined daily newspapers under common ownership in Wheeling, West Virginia, and are the flagship publications of Ogden Newspapers. The ''Intelligencer'' is published weekday mornings and Saturdays, while the ''News-Register'' is published weekday afternoons and Sundays. See also * List of newspapers in West Virginia This is a list of newspapers in West Virginia, sorted by location. Daily and nondaily newspapers College newspapers Marshall University, Huntington, West Virginia, Huntington *''The Parthenon (newspaper), The Parthenon'' West Virginia Univer ... Newspapers published in West Virginia Wheeling, West Virginia {{WestVirginia-newspaper-stub ...
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