Mark Stejbach, Merck

June 1, 2008

Pharmaceutical Executive

Volume 0, Issue 0

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Mark Stejbach

VP, Managed Care Marketing, Merck

DOUBLE DUTY: Is helping build Merck's new healthcare model

OF NOTE: First non-finance person to run Merck's investor relations

On payers:

For many years, the success of the industry was at least in part driven by the inefficiency of the economic model of healthcare. In the short term, there's always more to be eked out from the current model—and I think some companies are going to run with that as hard and as long as they can. But in the long term, companies have to understand that the market is going to be increasingly influenced by the people who pay the bills—payers and consumers. In that way, pharma will start to become more like most other industries.

Mark Stejbach