Pharmaceutical Executive Europe - November 2008 - (Page 15)
Servier: Patience and Passion Jacques Servier has guided Servier from humble beginnings in 1954 to its current position as a Top 30 pharma company. Julian Upton meets this charismatic leader. Y ou don’t have to spend any time in the company of its chairman to see that there is no other Big Pharma company like Servier. A browse of the company’s literature and a glance at its amazing history illustrates clearly that, for its size, longevity and success, it is unique among businesses. It is the largest private-owned drug company in France, and the second largest in the world. It ranks among the top thirty pharmaceutical companies worldwide, the top ten in Europe.Yet it has remained steadfastly independent for over 50 years; it has been far ahead of its time in terms of ethical practices and staff working conditions; and it reinvests a staggering 25% of its turnover — 10% more than the industry average — back into its R&D activities. But after spending an hour or so with the Servier Foundation’s 86-year old chairman, Dr Jacques Servier — a man who is as life-affirming as his drugs are life-prolonging — it is quite fair to say there may be no other company, whatever the industry, quite like Servier. Where other world leading companies can be male-dominated and aggressive, Servier is feminine and cyclical, nurturing and humanistic. Where other pharma companies frantically merge and acquire and chase faster and faster profits, Servier cultivates its talent and business as it develops its products: slowly, carefully and with a focused commitment to long-term principles. Staff turnover is so low as to barely exist — leaving the company appears to be like leaving a loving family. And its mission is simply defined — the discovery and development of new medicines. Talk of profits and stocks and shares is almost redundant in conversation with Dr Servier; it seems quite vulgar to mention them. He is cheerfully opposed to the idea of making money for profit — his job is and has always been to create new products, to improve and save lives. And yet, in the face of more conventionally capitalist competition, Servier continues to go from strength to 19 IT Using IT to maximise a company’s brain power 23 Event Review Last month’s EuroBIO in Paris 25 Last Words Who said what in the last four weeks 3 From the Editor Change is coming
Table of Contents for the Digital Edition of Pharmaceutical Executive Europe - November 2008
Pharmaceutical Executive Europe - November 2008
Contents
From the Editor
News Round-Up
Calendar
Brussels Report
Using the Wooden Spoon
VC: Virtuous or Vampire Capital?
Is Pharma Recession-Proof?
Servier: Patience and Passion
Boost Your Brain Power
Innovation, Innovation, Innovation
Last Words
Pharmaceutical Executive Europe - November 2008
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