|born on||12 November 1947|
|Place||Athens OH, USA, 39n19, 82w06|
|Timezone||EST h5w (is standard time)|
American CEO of Barr Laboratories, a generic drugmaker and former lawyer who has challenged some of the biggest pharmaceutical companies, winning the rights to produce cheaper brands. Where he sees himself as the champion of the consumer, his critics note that in the process, he is making millions for his own company.
Raised on a 200-acre farm, Downey was a hustler from the time he was a kid, trapping and skinning muskrats for $3 a pelt. He earned his BS in economics from Miami University and his law degree from Ohio State in 1973. He worked as an attorney for the Justice Dept and the Energy Dept before going into private practice. He married his wife, Deborah, in 1983 and they had a son and a daughter. For recreation, he still likes to go quail hunting each year.
In 2001, he had a big victory over giant Eli Lilly & Co, winning the right for a six-month sale of Fluoxetine, a generic version of Prozac, beginning on 8/02/2001. Barr could make as much as $250 million in this period. Legal actions against Barr are also a continual part of business, with consumer groups alleging that settlements keep the prices of drugs artificially high.
- Crime : Law suit 2001 (Won noted lawsuit over Lilly & Co. for generic sales)
- Social : End a program of study 1973 (Earned his law degree)
LMR, data on OH BC list
- Vocation : Business : Top executive (CEO, Barr Laboratories)
- Vocation : Law : Attorney
- Passions : Criminal Victim : Lawsuit sued (Victorious)