Cephalon Chief Executive Baldino Dies, Company Says
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Cephalon Inc. Chief Executive Officer Frank Baldino Jr., a founder who helped the company grow from a start-up to a drugmaker with $2.2 billion in sales, died yesterday after being on medical leave since August.
Baldino, 57, who was also chairman, founded the Frazer, Pennsylvania-based maker of sleep and pain drugs in 1987. Fritz Bittenbender, a company spokesman, declined to identify a cause of death, or to discuss a successor. Chief Operating Officer J. Kevin Buchi has handled Baldino’s duties since he went on leave.