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Hikma Pharmaceuticals replaced CEO Riad Mishlawi with Said Darwazah amid a 25% share drop since January due to declining profits and trade worries.
Hikma Pharmaceuticals has replaced CEO Riad Mishlawi with former CEO Said Darwazah, effective immediately, after its share price fell 25% since January due to declining profits and trade uncertainties.
Mishlawi stepped down by mutual agreement and will retire.
The company’s financial guidance remains unchanged, and a new UK-US trade deal eliminates tariffs on UK pharmaceutical exports to the US in exchange for increased NHS spending on medicines, easing concerns over potential US trade barriers and operations.
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Hikma Pharmaceuticals reemplazó al CEO Riad Mishlawi con Said Darwazah en medio de una caída del 25% en las acciones desde enero debido a la disminución de las ganancias y las preocupaciones comerciales.