Maine Medical Center hires new chief financial officer

Lou Inzana, chief financial officer for Lawrence + Memorial Hospital in New London, Conn., for the past six years, is leaving to take a job as senior vice president of finance and chief financial officer at Maine Medical Center in Portland, The Day reported Tuesday.

He will assume his new duties at the 637-bed hospital in March.

In an email sent to Lawrence + Memorial employees, Inzana said the ongoing labor dispute between the hospital and the union representing about 800 nurses and technicians had no impact on his decision.

Canadian panel to release findings on coastal pipeline

A review panel on a proposed pipeline to the Pacific Coast that would allow Canada’s oil to be shipped to Asia will issue its recommendations this week.

The report will be released Thursday in Calgary. The final decision on whether Enbridge’s controversial pipeline can go ahead, however, rests with Canada’s Conservative government.

Prime Minister Stephen Harper has staunchly supported the pipeline after the United States delayed a decision to approve TransCanada’s Keystone XL pipeline that would take oil from Canada to the U.S. Gulf Coast. The Northern Gateway pipeline would be laid from Alberta’s oil sands to the Pacific to deliver oil to Asia, chiefly energy-hungry China.

There is fierce opposition in the Pacific Coast province of British Columbia, where there are fears of a tanker spill. 

Generic Viagra to reach market two years earlier

Generic Viagra will hit the market more than two years earlier than expected under a settlement reached by Teva Pharmaceutical Industries and the maker of the impotence drug, Pfizer.

Teva can enter the market on Dec. 11, 2017, and will pay patent royalties through the expiration of the Viagra patent in April 2020, New York-based Pfizer said in a written statement. Other terms weren’t disclosed.

Viagra, whose chemical name is sildenafil citrate, is one of Pfizer’s best-known medicines. Sales of the drug totaled $2.05 billion in 2012, its best year ever.

University chancellor named CEO of the Gates foundation

The Bill & Melinda Gates Foundation on Tuesday named the chancellor of the University of California, San Francisco, to be the third CEO of the world’s largest charitable foundation.

Chancellor Susan Desmond-Hellman will take over from Jeff Raikes in May. Raikes announced his retirement in September after five years as foundation CEO.

Desmond-Hellman will be the first person without a Microsoft connection to run the foundation, which has more than 1,000 employees and an endowment of more than $40 billion.