Slovin & Allen - Business Meeting

  • Season 5 , Ep 4
  • 07/15/2001
  • Views: 4,670

Slovin & Allen attend a business meeting. (4:15)

OUR LIVES WOULD HAVE BEEN LIKE,

HAD WE NOT GONE INTO

SHOW BUSINESS.

SLOVIN>> SURE THERE'S

SO MANY THINGS THAT WE COULD

HAVE DONE AND BEEN.

WE COULD HAVE BEEN DOCTORS,

OR LAWYERS, OR EVEN ATTORNEYS.

(LAUGHTER)

ALLEN>> BUT NOW WE'D LIKE

TO GIVE YOU A GLIMPSE OF WHAT

WE THINK OUR LIVES WOULD HAVE

BEEN LIKE HAD WE GONE INTO

BUSINESS.

(CLATTER SOUNDS)

SPEAKER>> WELL, GOOD MORNING

AND WELCOME TO OUR 4th ANNUAL

PHARMACEUTICAL INDUSTRY

CONFERENCE.

I'M YOUR HOST WITH THE MOST,

MIKE ORTATA.

I'M REALLY EXCITED ABOUT

OUR PROGRAM TODAY.

I THINK BECAUSE WE HAVE

A GROUP OF PANELIST WHO WILL BE

ADDRESSING SEVERAL...

(MIKE SCREECHING)

OF THE IMPORTANT ISSUES

FACING THE DRUG INDUSTRY

IN THE DECADE AHEAD.

FIRST THE IMPACT

OF COST CONTAINMENT, ON THE,

PRICING OF, NOT ONLY CURRENTLY

AVAILABLE PRODUCTS,

BUT NEW PRODUCTS.

AND PRICE HAS BEEN AN IMPORTANT

COMPONENT OF GROWTH IN THE LAST

10 YEARS.

AND I THINK WE'LL ALL QUESTION

HOW IMPORTANT IT'S GOING TO BE

IN THE NEXT TEN.

WE'LL HEAR ABOUT THAT THIS

MORNING.

ALSO, WHAT ROLL WILL A GENERIC

DRUG INDUSTRY PLAY IN THE

DECADE AHEAD, COMING OUT OF

IT'S THREE YEAR SCANDAL.

WITH, YOU KNOW, WITH SEVERAL

BILLION DOLLARS, OF, AH,

PRODUCTS COMING OFF PATENT,

PATENTED PRODUCTS COMING OF

PATENTED PRODUCTS, UM,

IN THE NEXT FEW YEARS.

IN ADDITION, WE'LL LEARN ABOUT

THE MANAGEMENT OF RESEARCH.

'CAUSE I THINK THAT'S GOING

TO BE MORE IMPORTANT IN THE

CURRENT DECADE THEN IT WAS

IN THE 1990s.

HOW'S THAT GOING TO CHANGE

SO WE CAN BRING MORE PRODUCTS

TO THE MARKET IN A MORE TIMELY

FASHION.

SORT OF INTERESTING...

(LAUGHTER)

...SENIOR RESEARCHER AT KLIEN,

WAS SAYING LAST NIGHT,

YOU'LL HEAR FROM HIM THIS

AFTERNOON, BUT HE WAS SAYING

LAST NIGHT, THAT EVEN KLIEN,

THINK ABOUT IT, EVEN KLIEN

WILL HAVE TO DO IT BETTER

IN THE FUTURE.

SLOVIN & ALLEN>> EVEN KLIEN.

SPEAKER>> LASTLY,

HOW WILL DRUG COMPANY MANAGERS

SUCCESSFULLY OPERATE IN THIS

ENVIRONMENT THAT'S GOING

TO CHANGE IN THE NEXT 10 YEARS.

AND THAT SORT OF LEADS

TO OUR FIRST PANEL.

'CAUSE, AH, THESE TWO GENTLEMEN

OVER HERE, TO MY LEFT,

WILL PLAY IMPORTANT ROLLS

IN DIRECTING IN THE DIRECTING

THE FUTURE OF THEIR RESPECTED

COMPANIES IN THE NEXT

10 YEARS.

AND, THANK GOD THAT I DON'T

HAVE TO BE FACING THE SAME

CHALLENGES THAT THEY'RE GOING

TO HAVE TO FACE IN THE NEXT

10 YEARS.

BUT ANY TIME, OBVIOUSLY THERE'S

CHALLENGES, THERE'S

OPPORTUNITIES.

SO WE'LL HEAR FROM THESE

TWO GENTLEMEN AS TO HOW

THEY SEE THE FUTURE OF THEIR

INDUSTRY.

AND HOW THEY'RE GOING

TO OPERATE EFFECTIVELY IN THIS

ENVIRONMENT.

OUR FIRST SPEAKER TODAY

IS ERIC DESTIN.

WHO'S THE PRESIDENT OF

THE GEL TECH CORPORATION.

ERIC JOINED GEL TECH IN 1973,

BECAME A BOARD MEMBER IN 1985,

WAS ELECTED EXECUTIVE

VICE PRESIDENT IN 1989,

AND WAS ELECTED PRESIDENT

OF THE GEL TECH CORPORATION

THIS YEAR.

ERIC WILL SHARE WITH US HIS

VIEW-- HIS INSIGHTS--

ON HOW TO BECOME, HOW TO BE

A SURVIVING COMPANY,

THIS DECADE GIVEN THE COST

CONTAINMENT PRESSURES,

THE COMPETING R&D PROGRAMS,

AND THE GLOBALIZATION

OF THE INDUSTRY.

ERR DEATH I MEAN.

(CHEERS AND APPLAUSE)

ERIC>> WELL, THANK YOU, MIKE.

AND GOOD MORNING EVERYBODY.

IT'S AN HONOR TO BE PART OF

THIS PROGRAM TODAY.

AND JOINING US HERE ALSO

FROM THE GEL TECH CORPORATION,

IS DEBBIE SHEA, WHO HEADS UP

OUR INVESTOR RELATIONS

ACTIVITY.

THE TOPIC, AS MIKE SAID,

OF TODAY'S PROGRAM,

AND AS YOU SAW IS STRATEGIC

GLOBAL OVERVIEW.

SO WHAT OUR PANEL DISCUSSION

IS TO FOCUS ON IS THE STRATEGIC

GLOBAL OVERVIEW--

SLOVIN & ALLEN>> THANK YOU.

(CHEERS AND APPLAU

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