Content about Bloomberg

April 16, 2014

Cases of diabetes and pre-diabetes in the United States have nearly doubled since 1988, suggests new research released Tuesday from the Johns Hopkins Bloomberg School of Public Health, with obesity apparently to blame for the surge.

BALTIMORE — Cases of diabetes and pre-diabetes in the United States have nearly doubled since 1988, suggests new research released Tuesday from the Johns Hopkins Bloomberg School of Public Health, with obesity apparently to blame for the surge. The researchers also found that the burden of the disease has not hit all groups equally, with alarming increases in diabetes in blacks, Hispanics and the elderly.

March 18, 2014

Pfizer has sued Torrent Pharmaceuticals in an effort to protect its erectile-dysfunction drug Viagra (sildenafil citrate) from generic competition, according to a Bloomberg News report published Tuesday.

NEW YORK — Pfizer has sued Torrent Pharmaceuticals in an effort to protect its erectile-dysfunction drug Viagra (sildenafil citrate) from generic competition, according to a Bloomberg News report published Tuesday

Torrent has filed an aNDA with the Food and Drug Administration, challenging Pfizer's patent that expires on Oct. 22, 2019. 

February 28, 2014

Fred’s Super Dollar has visited CVS Caremark, Dollar General and Walgreens seeking bids for its Southeastern chain of discount stores, according to a report published Friday by Bloomberg News.

NEW YORK — Fred’s Super Dollar has visited CVS Caremark, Dollar General and Walgreens seeking bids for its Southeastern chain of discount stores, according to a report published Friday by Bloomberg News

Buyout firms including Miami-based H.I.G. Capital also were contacted, the report added.

February 27, 2014

Deutsche Bank on Thursday speculated that either Cerberus or Kroger could acquire Safeway.

NEW YORK — Deutsche Bank on Thursday speculated that either Cerberus or Kroger could acquire Safeway. 

The firm noted that divestitures in a Kroger acquisition would exceed those in a Cerberus buyout.  

A Bloomberg report published last week suggested Cerberus was the lead bidder for Safeway's operations. 

February 24, 2014

Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter.

NEW YORK — New Albertsons is on its way to becoming more than 1,300 stores larger. Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter. 

Cerberus is the only firm willing to swallow Safeway whole, the paper reported. 

February 20, 2014

Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter.

NEW YORK — Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter. 

Firms CVC Capital Partners and Leonard Green & Partners are among the the interested parties, as is Cerberus Capital Management. 

KKR & Co. bought Safeway in 1986 for about $4.3 billion, according to data compiled by Bloomberg. The retailer went public in 1990.

January 9, 2014

Novartis AG is reportedly in talks with Merck to swap its animal health and vaccines businesses for Merck’s OTC business, which includes the Coppertone sunscreen and Claritin allergy medicine brands, according to a Bloomberg report.

NEW YORK — Novartis AG is reportedly in talks with Merck to swap its animal health and vaccines businesses for Merck’s OTC business, which includes the Coppertone sunscreen and Claritin allergy medicine brands, according to a Bloomberg report.

January 8, 2014

Coming on the heels of Revlon’s decision to pull out of China, beauty giant L’Oréal appears to be following suit and, according to reports, will stop selling its Garnier brand in China.

PARIS — Coming on the heels of Revlon’s decision to pull out of China, beauty giant L’Oréal appears to be following suit and, according to reports, will stop selling its Garnier brand in China.

December 30, 2013

According to a recent study published in the Journal of Clinical Psychology, 120 million Americans will make New Year’s resolutions, with such health-related goals as quitting smoking topping the list.

SAN DIEGO — According to a recent study published in the Journal of Clinical Psychology, 120 million Americans will make New Year’s resolutions, with such health-related goals as quitting smoking topping the list. 

Unfortunately, most of those quitters will be puffing away by Groundhog Day.

December 13, 2013

Pharmacy benefit manager Express Scripts hopes to drive down the cost of new drugs to treat hepatitis C by pitting their manufacturers against each other, according to published reports.

NEW YORK — Pharmacy benefit manager Express Scripts hopes to drive down the cost of new drugs to treat hepatitis C by pitting their manufacturers against each other, according to published reports.

Bloomberg News reported that ESI would pit companies like Gilead Sciences against others such as AbbVie when the new treatments become available in 2014 or 2015. The Food and Drug Administration announced last week the approval of Gilead's new drug, Sovaldi (sofosbuvir), which is designed to cut by three quarters the time needed for treatment.

November 22, 2013

At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States.

CHICAGO — At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States. 

November 7, 2013

Sen. David Vitter, R-La., is holding up a vote on a measure that would strengthen regulations on compounding pharmacies in order to alter a provision of the Patient Protection and Affordable Care Act, according to published reports.

NEW YORK — Sen. David Vitter, R-La., is holding up a vote on a measure that would strengthen regulations on compounding pharmacies in order to alter a provision of the Patient Protection and Affordable Care Act, according to published reports.

October 31, 2013

New York City Council voted on Wednesday to hike the minimum age for buying cigarettes from 18 years to 21 years.

NEW YORK — New York City Council voted on Wednesday to hike the minimum age for buying cigarettes from 18 years to 21 years.

The bill also increases the minimum purchasing age to 21 years for certain tobacco products and electronic-vapor smokes, according to published reports. Mayor Michael Bloomberg has 30 days to sign the bills into law and the minimum age bill will take effect 180 days after enactment.

October 25, 2013

Procter & Gamble may be able to sell its Iams pet food unit to Del Monte Foods Co., according to published reports.

NEW YORK — Procter & Gamble may be able to sell its Iams pet food unit to Del Monte Foods Co., according to published reports.

Bloomberg reported that P&G CEO A.G. Lafley was under pressure to improve the company's business and that shareholder HighMark Capital Management said it could increase its share price by selling some assets, including Iams. Del Monte, HighMark said, would be a "logical" buyer for Iams, valued at around $2.5 billion, because it's looking to grow its pet food business.

October 17, 2013

Competition and consolidation within the Brazilian market has heated up in recent years, prompting Empreendimentos Pague Menos SA, Brazil’s second-biggest drug store company, to step up its growth strategy and eye potential mergers and acquisitions. When asked about future expansion plans during a recent interview with Bloomberg, CEO Francisco Deusmar de Queiros said he would consider such U.S. partners as CVS Caremark and Walgreens.

SAO PAULO, Brazil — Competition and consolidation within the Brazilian market has heated up in recent years, prompting Empreendimentos Pague Menos SA, Brazil’s second-biggest drug store company, to step up its growth strategy and eye potential mergers and acquisitions. When asked about future expansion plans during a recent interview with Bloomberg, CEO Francisco Deusmar de Queiros said he would consider such U.S.

October 11, 2013

A new law in Maine will allow the importation of drugs from abroad through mail-order from some pharmacies, formalizing a practice that has existed in many parts of the country for several years, and marking the first time a state government has, by law, gone against Food and Drug Administration regulations that bar importation of drugs.

Bloomberg columnist Megan McArdle said Maine was "going rogue" on drug importation, and that pretty much sums it up. The state, which has long had a close relationship with Canada — its governor, Paul LePage, is of French-Canadian descent and spoke Quebecois French as his first language — is openly defying federal law. And because federal law ultimately trumps state law, it's likely the federal government will crack down at some point.

A new law in Maine will allow the importation of drugs from abroad through mail-order from some pharmacies, formalizing a practice that has existed in many parts of the country for several years, and marking the first time a state government has, by law, gone against Food and Drug Administration regulations that bar importation of drugs.

October 7, 2013

Represented by the Greenwood Group, Smith Brothers is making its way back onto shelves with a new way of thinking about sore throat lozenges, according to a report published Friday by Bloomberg.

NEW YORK — Represented by the Greenwood Group, Smith Brothers is making its way back onto shelves with a new way of thinking about sore throat lozenges, according to a report published Friday by Bloomberg. 

October 4, 2013

The National Association of Chain Drug Stores is taking to the airwaves to emphasize the role its members play in disseminating information about the Patient Protection and Affordable Care Act and the health insurance exchanges, which officially opened on Tuesday. NACDS president and CEO Steve Anderson appeared on Bloomberg TV's "Surveillance" Tuesday morning to talk about what pharmacies are doing for healthcare delivery.

The NACDS and National Community Pharmacists Association have long touted retail pharmacies as the most accessible centers for health and wellness, and pharmacists as the face of neighborhood health care. That role is especially important given widespread ignorance among the public about the Affordable Care Act and the exchanges.

The National Association of Chain Drug Stores is taking to the airwaves to emphasize the role its members play in disseminating information about the Patient Protection and Affordable Care Act and the health insurance exchanges, which officially opened on Tuesday. NACDS president and CEO Steve Anderson appeared on Bloomberg TV's "Surveillance" Tuesday morning to talk about what pharmacies are doing for healthcare delivery.

October 4, 2013

Walgreens' Beth Stiller, division VP category strategy and innovation, on Thursday discussed with Bloomberg Businessweek the shopping habits of today's post-recession consumer and how Walgreens is engaging that consumer where and when she wants.

NEW YORK — Walgreens' Beth Stiller, division VP category strategy and innovation, on Thursday discussed with Bloomberg Businessweek the shopping habits of today's post-recession consumer and how Walgreens is engaging that consumer where and when she wants.  

October 1, 2013

In light of the increased attention on the implementation of the Patient Protection and Affordable Care Act — both in Washington and in the media — and Tuesday’s opening of the health insurance exchange, the National Association of Chain Drug Stores is engaging with the media to emphasize pharmacies’ valuable role in the U.S. healthcare system.

WASHINGTON — In light of the increased attention on the implementation of the Patient Protection and Affordable Care Act — both in Washington and in the media — and Tuesday’s opening of the health insurance exchange, the National Association of Chain Drug Stores is engaging with the media to emphasize pharmacies’ valuable role in the U.S. healthcare system.

August 27, 2013

Lawmakers in California have passed a bill that would restrict the use of follow-on versions of biotech drugs known as biosimilars, according to published reports.

NEW YORK — Lawmakers in California have passed a bill that would restrict the use of follow-on versions of biotech drugs known as biosimilars, according to published reports.

May 20, 2013

Beyond Meat, the makers of plant-based protein foods that take the animal out of meat, announced the national rollout of Beyond Meat Chicken-Free Strips to provide consumers with a clean, plant-based protein that replicates the taste, texture and nutritional benefits of meat.

LOS ANGELES — Meatless Monday is a public health initiative started in 2003 at the Johns Hopkins Bloomberg School of Public Health and has seen increased growth over the past decade with support from celebrities, chefs, schools and communities. As the idea of substituting one meal with meat per week for a meatless meal continues to gain steam, some food suppliers are taking notice.

April 5, 2013

Empty shelves at Walmart are getting a lot of attention these days, but the situation isn’t new and can’t be blamed entirely on store staffing levels.

Reports in Bloomberg and The New York Times have both detailed Walmart’s shortcoming when it comes to keeping products on shelves. And both reached the same conclusion that the issue is related to a reduction in staffing levels. It is a convenient and easily understood explanation because if there are fewer associates working there is less time available to perform the essential functions of running a retail business, namely keeping shelves stocked and accepting payment from customers.

Empty shelves at Walmart are getting a lot of attention these days, but the situation isn’t new and can’t be blamed entirely on store staffing levels.

March 22, 2013

A report published Thursday in the Los Angeles Times estimated that U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture. Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason.

LOS ANGELES — A report published Thursday in the Los Angeles Times estimated that U.K.-based Tesco has lost up to $2 billion in its failed Fresh & Easy California venture. Tesco had placed the troubled grocer on the sales bloc in December following the departure of Fresh & Easy CEO Tim Mason. 

March 18, 2013

In spite of a court ruling striking down a ban on large-sized sugary drinks, New York mayor Michael Bloomberg has another health initiative in the works: a requirement that retailers hide tobacco products.

NEW YORK — In spite of a court ruling striking down a ban on large-sized sugary drinks, New York mayor Michael Bloomberg has another health initiative in the works: a requirement that retailers hide tobacco products.

Bloomberg's legislation, which would make New York the first city to keep tobacco products out of the sight of customers, will go to the city council for consideration. The New York Times noted that Bloomberg skipped this procedure with the soft drink rule.