1313 GMT - Hikma Pharmaceuticals's announcement that Chief Executive Riad Mishlawi would step down today is no surprise after the company's shares fell around 25% this year, AJ Bell analysts write."[The London-based drugmaker] has been the master of its own downfall thanks to delays to a new U.K. manufacturing facility and issues in its supply chain," the analysts say. Mishlawi's departure follows a disappointing update last month that included a significantly damaging cut to medium-term profit forecasts, they write. Additional challenges include stiff competition in generic drugs, leaving investors to hope for the return of former boss Said Darwazah, they add. Shares are down 1.25% at 14.97 pounds. (william.gray@wsj.com)
(END) Dow Jones Newswires
December 15, 2025 08:13 ET (13:13 GMT)
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