Cephalon founder, CEO Frank Baldino Jr. dies at 57
Cephalon Inc. Chairman and CEO Frank Baldino Jr. died Thursday evening, the biotechnology company said. He was 57.
Chief Operating Officer J. Kevin Buchi took over Baldino's day-to-day responsibilities in August and will continue doing that, said Fritz Bittenbender, vice president for public affairs. He declined to comment on a transition plan beyond that.
Bittenbender also declined to discuss Baldino's illness. The Frazer, Pa., company said in August its founder would take a temporary medical leave. It then said earlier this month Baldino would remain on leave indefinitely.