Another Philadelphia-area company that named a new CEO is TargetRx Inc.
The Horsham company tapped Craig H. Scott as president and CEO, succeeding Michael J. Luby. Scott had been president of the Catalina Health Resource division of Catalina Marketing Corp. He left following the $1.7 billion buyout of St. Petersburg, Fla.-based Catalina in October.
Catalina Health has offices in Blue Bell.
Luby, who founded TargetRx, will remain on the board of directors and a full-time employee.
The small privately held company has developed a database to help pharmaceutical companies better under how physicians prescribe drugs. Drug companies use the information in an effort to make their sales and marketing programs more efficient.
Since June 2000, TargetRx has raised $37 million in venture capital from New Enterprise Associates, Domain Associates L.L.C., Acacia Venture Partners, Quaker BioVentures, Montagu Newhall Associates and Wasatch Advisors.
