VALLEY FORGE, Pa. — AmerisourceBergen Corp. plans to sell AndersonBrecon, its contract packaging business, to an investor group led by Frazier Healthcare in a $308 million cash deal. The agreement, announced Tuesday, marks the second divestiture by AmerisourceBergen within less than a week. Last Thursday, the pharmaceutical distributor unveiled a deal to sell AmerisourceBergen Canada
WOONSOCKET, R.I. — MinuteClinic has entered into a clinical affiliation with Sharp HealthCare, one of Southern California’s largest integrated health systems. The CVS Caremark retail health clinic subsidiary said Monday that under the agreement, which covers the San Diego area, Sharp-affiliated doctors will supervise MinuteClinic nurse practitioners, and if more comprehensive follow-up care is needed,
AURORA, Colo. — Walgreen Co. has expanded its renewable energy initiative to Colorado with SolarCity, a provider of clean energy. SolarCity said Monday that over the coming months, it plans to deploy solar systems at 22 Walgreens drug stores in 14 cities in Colorado. "A strong commitment to the local community is one of our
WOONSOCKET, R.I. — Former Johnson & Johnson chairman and chief executive officer William Weldon has been named to the CVS Caremark Corp. board of directors. In an 8-K filing with the Securities and Exchange Commission on Friday, CVS said its board has elected Weldon to serve as a director. Weldon, 64, retired as J&J’s CEO
CLEVELAND — American Greetings Corp. is being taken private by its founding family. The greeting card company said Monday that it has agreed to be acquired by a newly formed entity owned by the Weiss family — including company chairman Morry Weiss; director and chief executive officer Zev Weiss; director, president and chief operating officer
HYDERABAD, India — Dr. Reddy’s Laboratories has introduced Zenatane (isotretinoin capsules), an acne medication, in strengths of 20 mg and 40 mg. The company said Friday that its product is a therapeutically equivalent generic version of Hoffman-LaRoche’s Accutane (isotretinoin capsules) in the U.S. market, where the Food and Drug Administration approved Zenatane in doses of
MAPLE GROVE, Minn. — AmLactin Alpha-Hydroxy Skin Care has introduced AmLactin Cerapeutic Restoring Body Lotion, which it said is formulated with the "power couple" of alpha-hydroxy acids (AHAs) and essential ceramides. The Upsher-Smith skin care brand said Thursday that AmLactin Cerapeutic Restoring Body Lotion is making its retail debut at select Walmart and Walgreens stores.
SAN ANTONIO — Mission Pharmacal Co. is rolling out a flavored prednisolone oral solution for the treatment of severe asthma attacks, particularly in children. The company said Wednesday that its grape-flavored Prednisolone Sodium Phosphate Oral Solution 25mg/5 ml product has been released in some U.S. markets and is slated to become available nationally as early
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has agreed to sell its Canadian pharmaceutical distribution business to Kohl & Frisch Ltd., a Canadian-owned national full-line distributor. AmerisourceBergen said Thursday that the estimated sale price for AmerisourceBergen Canada Corp. (ABCC) is expected to be $80 million to $100 million, of which about half will be financed by AmerisourceBergen.
YONKERS, N.Y. — Prescription drug prices can vary significantly between pharmacy operators, a comparison by Consumer Reports finds. The consumer advocacy group said Thursday that consumers who don’t research and compare prices may be overpaying "big time" for their prescriptions — by as much as $100 a month or more, based on the medication. Consumer
BOSTON — Gillette has announced a partnership with Kate Upton, Hannah Simone and Genesis Rodriguez, the first time that the male grooming brand has enlisted spokeswomen to spearhead an integrated marketing campaign. Kate Upton The Procter & Gamble men’s shaving brand said the three celebrities were selected as spokespeople for a campaign designed to share
TORONTO — Shoppers Drug Mart Corp. has partnered with insurer Great-West Life to provide a pair of new chronic disease management programs. The companies said Wednesday that under the agreement, participating Shoppers Drug Mart pharmacists will offer eligible Great-West Life plan members a diabetes support program and a medication counseling program for specific maintenance drugs.
TORONTO — Rexall has entered an agreement with News Marketing Canada to provide instant, print-at-home online coupons on its website. Under the deal, announced Tuesday, Rexall’s website will feature coupons from News Marketing Canada’s SmartSource.ca Online Coupon Network, plus Rexall-exclusive coupons for a range of grocery and drug brands. The coupons are available now on
SARASOTA, Fla. — Biolife LLC is expanding retail distribution of WoundSeal, a topical powder designed to stop bleeding instantly. The company said Tuesday that beginning in April, WoundSeal will become available at Rite Aid, Publix, H-E-B, Giant Eagle, Meijer, select Target stores, independent pharmacies, Bed Bath & Beyond and other retailers. Currently, WoundSeal is sold over
