Robert wessman biography
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Wilhelm Róbert Wessman (born 4 October 1969) is an Icelandic businessman,[1][2] and the founder and leader of several pharmaceutical and biotechnology companies including Actavis, Alvogen, Adalvo, Lotus and Alvotech.[3][4][5][6][7]
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Wessman was born in Reykjavík on 4 October 1969 to Wilhelm Wessman, a business individ, and Ólöf Svafarsdóttir Wessman, a beautician.[8] He grew up in Seltjarnarnes and moved to Mosfellsbær when he was six years old. He graduated from Menntaskólinn við Sund high school and received a bachelor's grad in business administration from the University of Iceland in 1993. After graduating, he worked for Icelandic shipping firm Samskip for seven years, first in the finance department, then in the sales department, and finally the CEO and moving to Germany.[9] During that time he also taught mathematics on a part-time basis at the University of Iceland.[8] Wessman has spoken at length about his st
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Under Robert Wessman’s leadership, Alvogen and sister company Alvotech are setting new standards, delivering the highest quality products and services to patients worldwide
The pharmaceutical sector in the United States is undergoing a seismic shift. In recent years, generic pharmaceuticals, which are equivalent to branded drugs in everything apart from their price and name, have been expanding their share of the market at a rapid pace. At around 50 to 70 percent cheaper than their branded equivalents, more and more governments around the world are opting for generic drugs in a bid to counter escalating costs in the medical sector (see Fig 1).
According to a report by IMS Health entitled Medicines Use and Spending in the US: A Review of 2015 and Outlook to 2020, generic pharmaceuticals account for around 88 percent of medicines prescribed in the US, saving the healthcare sector a whopping $1.88trn between 2005 and 2015. By 2020, savings are expected to climb to more than
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Róbert Wessman
Icelandic business executive
Wilhelm Róbert Wessman (born 4 October 1969) is an Icelandic businessman,[1][2] and the founder and leader of several pharmaceutical and biotechnology companies including Actavis, Alvogen, Adalvo, Lotus and Alvotech.[3][4][5][6][7]
Early life
[edit]Wessman was born in Reykjavík on 4 October 1969 to Wilhelm Wessman, a business person, and Ólöf Svafarsdóttir Wessman, a beautician.[8] He grew up in Seltjarnarnes and moved to Mosfellsbær when he was six years old. He graduated from Menntaskólinn við Sund high school and received a bachelor's degree in business administration from the University of Iceland in 1993. After graduating, he worked for Icelandic shipping firm Samskip for seven years, first in the finance department, then in the sales department, and finally the CEO and moving to Germany.[9] During that time he also taught mathematics o