P. Roy Vagelos, MD, a longtime member of Leadership 100, Chairman of Regeneron Pharmaceuticals, Inc. and retired Chairman and CEO of Merck & Co., Inc., will be presented with the American Chemical Society’s Chemical Marketing and Economics (CME) group Leadership Award for Lifetime Achievement, it was announced on August 11, 2015. The awards ceremony will be held at the Yale Club Ballroom in New York City on December 8, 2015.
Vagelos led Merck to Fortune’s Most Admired Corporation seven years in a row in his decade-long leadership. Upon retirement he became Chairman of Regeneron, leading that company for two decades, developing it into the fifth largest biotech company in the USA.
A graduate of the University of Pennsylvania, where he received an AB degree in chemistry, graduating in 1950, he earned an MD degree from Columbia University in 1954. He joined Merck Research Laboratories in 1975 after stints at Massachusetts General Hospital, the National Institutes of Health and Washington University School of Medicine in St. Louis. He rose to CEO of Merck in 1985 and later Chairman until his retirement in 1994.
Vagelos is known for building pharmaceutical and biotechnology companies into world-class enterprises. He is also a noted philanthropist who has supported many Hellenic causes.