Professor Cramer spent more than 25 years in the healthcare / pharmaceutical and financial services sectors. He was managing director at Merrill Lynch in the Global Healthcare Investment Banking Group and managing director at JPMorgan in the Corporate Finance Group, where he served as head of M&A for the pharmaceutical sector. Earlier, Cramer was vice president, corporate planning & development, for Merck & Co., Inc., with worldwide responsibilities for strategic planning and business development. In addition, he was cofounder of American Health Capital / VHA Enterprises, Inc., a healthcare / financial services company serving the capital needs of multihospital systems, and held investment banking positions with Paine Webber, Inc., and L.F. Rothschild, Unterberg, Towbin, Inc.
In spring 2009, Professor Cramer will be teaching the courses Strategy and Competition in Pharmaceuticals and Biotechnology, and Healthcare Investment and Dealmaking.