Content about Business Relation

January 2, 2014

Reily Foods Co. on Monday announced the acquisition of independent coffee roaster New England Tea and Coffee Co.

NEW ORLEANS — Reily Foods Co. on Monday announced the acquisition of independent coffee roaster New England Tea and Coffee Co. The terms of the deal were not disclosed. 

The acquisition is not expected to change the daily operations of New England Tea and Coffee Co., which will operate as New England Tea and Coffee Co., LLC — a subsidiary of Reily Foods. Production and distribution activities will continue as usual at New England Coffee and no employee changes are expected.

December 13, 2013

The Irish High Court has approved Perrigo's pending acquisition of Irish drug maker Elan, the companies said Friday.

ALLEGAN, Mich. — The Irish High Court has approved Perrigo's pending acquisition of Irish drug maker Elan, the companies said Friday.

December 10, 2013

CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

DUBLIN, Ohio and WOONSOCKET, R.I. — CVS Caremark and Cardinal Health announced on Tuesday the signing of an agreement to form the largest generic sourcing entity in the United States.

Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark.

December 9, 2013

Pharmacy Quality Solutions on Monday announced that it will collaborate with Cardinal Health to help 600 community pharmacies track their performance on Medicare Part D Star measures.

SPRINGFIELD, Va. — Pharmacy Quality Solutions on Monday announced that it will collaborate with Cardinal Health to help 600 community pharmacies track their performance on Medicare Part D Star measures. 

December 4, 2013

IRI on Tuesday announced that it has formed a business agreement with Intage, a marketing research company in Japan.

CHICAGO — IRI on Tuesday announced that it has formed a business agreement with Intage, a marketing research company in Japan.

Under this agreement, IRI clients gain access to Japanese retail point-of-sale data via the IRI Global Executive Market Reviews service. In turn, Intage is able to provide CPG and retail information and insights to their clients from all markets IRI serves worldwide.

December 2, 2013

Shionogi and Egalet have entered a deal worth up to $425 million for the development of abuse-deterrent opioid painkillers, Egalet said.

MALVERN, Pa. — Shionogi and Egalet have entered a deal worth up to $425 million for the development of abuse-deterrent opioid painkillers, Egalet said.

The deal centers on the development and potential commercialization of experimental drugs containing the opioid painkiller hydrocodone.

November 21, 2013

PGT Healthcare, the international joint venture between Procter & Gamble and Teva Pharmaceutical Industries, earlier this week announced a collaboration with Swisse Wellness, a leading wellness brand in Australia, to begin expanding Swisse Wellness' range of more than 100 vitamins, minerals and supplements globally over the next few years.

MELBOURNE, Australia — PGT Healthcare, the international joint venture between Procter & Gamble and Teva Pharmaceutical Industries, earlier this week announced a collaboration with Swisse Wellness, a leading wellness brand in Australia, to begin expanding Swisse Wellness' range of more than 100 vitamins, minerals and supplements globally over the next few years.

Swisse Wellness products are currently available in Australia, New Zealand and the United States. The collaboration with PGT Healthcare encompasses all new markets in Europe, Asia and Latin America.

November 13, 2013

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

BRAMPTON, Ontario — Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

October 16, 2013

Target is creating a new ranking system that evaluates personal care and cleaning products based on ingredient safety and disclosure of environmental effects, as well as asking the Campaign for Safe Cosmetics to collaborate with it in developing a standard for cosmetic safety next year.

SAN FRANCISCO — Target is creating a new ranking system that evaluates personal care and cleaning products based on ingredient safety and disclosure of environmental effects, as well as asking the Campaign for Safe Cosmetics to collaborate with it in developing a standard for cosmetic safety next year.

October 15, 2013

Cancer-focused specialty pharmacy Onco360 has signed a contract with privately owned pharmacy benefit manager MedImpact Healthcare Systems, whereby the pharmacy will offer its services to the PBM's members.

NEW YORK — Cancer-focused specialty pharmacy Onco360 has signed a contract with privately owned pharmacy benefit manager MedImpact Healthcare Systems, whereby the pharmacy will offer its services to the PBM's members.

The two companies said the partnership would offer MedImpact clients "a unique and effective solution for bending the cost curve," and was aimed at providing benefit payers with a proven and effective cancer pharmacy program that combines a cost-effective dispensing model with "clinical excellence."

October 11, 2013

Auxilium Pharmaceuticals will have exclusive rights to market a drug for erectile dysfunction in the United States and Canada, under a new licensing agreement with the drug's manufacturer.

CHESTERBROOK, Pa. — Auxilium Pharmaceuticals will have exclusive rights to market a drug for erectile dysfunction in the United States and Canada, under a new licensing agreement with the drug's manufacturer.

October 8, 2013

Rite Aid is renewing its contract with e-sourcing firm Intesource, the Phoenix-based e-sourcing company said Tuesday.

PHOENIX — Rite Aid is renewing its contract with e-sourcing firm Intesource, the Phoenix-based e-sourcing company said Tuesday.

Rite Aid's contract with Intesource dates back to 2009, and the Camp Hill, Pa.-based chain has used it to tackle complex and strategic categories, ranging from print advertising to snow plowing services. E-sourcing refers to using an online portal to attract bids from suppliers of products and services.

October 7, 2013

Walgreens on Monday announced Balance Financial, a full suite of integrated financial services that will be launching in phases over the coming months, all built around its new Balance Financial Prepaid MasterCard.

DEERFIELD, Ill. — Walgreens on Monday announced Balance Financial, a full suite of integrated financial services that will be launching in phases over the coming months, all built around its new Balance Financial Prepaid MasterCard.

October 3, 2013

With an ongoing need for consumer education and awareness to help people understand their health insurance options under the Patient Protection and Affordable Care Act, Walgreens and Chicago-based GoHealth on Thursday announced a nationwide initiative and collaboration to assist customers and help provide a resource for those considering the new health insurance marketplaces.

DEERFIELD, Ill. — With an ongoing need for consumer education and awareness to help people understand their health insurance options under the Patient Protection and Affordable Care Act, Walgreens and Chicago-based GoHealth on Thursday announced a nationwide initiative and collaboration to assist customers and help provide a resource for those considering the new health insurance marketplaces.   

September 19, 2013

Inovalon and Walgreens on Thursday announced that they have entered into a multi-year agreement to provide Inovalon's data-driven encounter support platform, Electronic Patient Assessment Solution Suite (ePASS) within Healthcare Clinic at select Walgreens to support improvements in managed care quality and performance.

BOWIE, Md. — Inovalon and Walgreens on Thursday announced that they have entered into a multi-year agreement to provide Inovalon's data-driven encounter support platform, Electronic Patient Assessment Solution Suite (ePASS) within Healthcare Clinic at select Walgreens to support improvements in managed care quality and performance.

September 13, 2013

Publix Super Markets and Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store chains, on Friday announced they have entered into an agreement under which Publix is expected to purchase seven Bi-Lo-branded stores in North and South Carolina.

LAKELAND and JACKSONVILLE, Fla. — Publix Super Markets and Bi-Lo Holdings LLC, parent company of the Bi-Lo and Winn-Dixie grocery store chains, on Friday announced they have entered into an agreement under which Publix is expected to purchase seven Bi-Lo-branded stores in North and South Carolina. The transaction is projected to close in October 2013 and includes seven leased stores as well as major equipment. Financial terms of the transaction were not disclosed.

September 11, 2013

A managed Medicaid health plan has selected Avella Specialty Pharmacy as its preferred specialty pharmacy partner, Avella said Wednesday.

PHOENIX — A managed Medicaid health plan has selected Avella Specialty Pharmacy as its preferred specialty pharmacy partner, Avella said Wednesday.

Avella announced that under the agreement, with Care1st Health Plan Arizona, Avella would deliver specialty services to members, dispensing specialty drugs and providing patient consultation and adherence monitoring. Care1st contracts with MedImpact Healthcare Systems for pharmacy benefit management services.

September 10, 2013

Shareholders of Actavis and Warner Chilcott have approved the merger of the two drug makers, the companies said Tuesday.

PARSIPPANY, N.J. — Shareholders of Actavis and Warner Chilcott have approved the merger of the two drug makers, the companies said Tuesday.

The deal, whereby U.S.-based Actavis will acquire Ireland-based Warner Chilcott, is expected to close later this year.

September 10, 2013

European regulators have approved the European Union's first biosimilar monoclonal antibody. The new product, made by U.S.-based Hospira, comes seven years after the approval of Europe's first biosimilar.

LEAMINGTON SPA, United Kingdom — European regulators have approved the European Union's first biosimilar monoclonal antibody. The new product, made by U.S.-based Hospira, comes seven years after the approval of Europe's first biosimilar.

Hospira announced Tuesday the European Medicines Agency's approval of Inflectra (infliximab) for the treatment of autoimmune disorders like rheumatoid arthritis, ankylosing spondylitis, Crohn's disease, ulcerative colitis, psoriatic arthritis and psoriasis.

September 10, 2013

Drug maker Depomed has expanded the geographic scope of a license agreement it has with Merck for diabetes drugs, the company said.

NEWARK, Calif. — Drug maker Depomed has expanded the geographic scope of a license agreement it has with Merck for diabetes drugs, the company said.

The licensing agreement, which the two companies entered in July 2009, gives Merck a non-exclusive license and other rights to certain Depomed patents for extended-release metformin, while Depomed will receive "modest" royalties on net product sales of the drug Janumet XR (sitagliptin; metformin hydrochloride) in countries in which the licensed patents cover the product.

September 4, 2013

Campbell Soup Co. and Green Mountain Coffee Roasters announced an agreement to launch Campbell’s Fresh-Brewed Soup K-Cup packs, which will offer consumers the taste and experience of Campbell’s soups in a convenient snack that can be prepared at the touch of a button in Keurig brewers.

CAMDEN, N.J. and WATERBURY, Vt. — Campbell Soup Co. and Green Mountain Coffee Roasters Inc. today announced an agreement to launch Campbell’s Fresh-Brewed Soup K-Cup packs, which will offer consumers the taste and experience of Campbell’s soups in a convenient snack that can be prepared at the touch of a button in Keurig brewers, the company stated.

September 3, 2013

AmerisourceBergen and Walgreens on Tuesday officially launched the previously announced 10-year relationship to distribute pharmaceuticals to more than 8,100 Walgreens locations across the country.

DEERFIELD, Ill. — AmerisourceBergen and Walgreens on Tuesday officially launched the previously announced 10-year relationship to distribute pharmaceuticals to more than 8,100 Walgreens locations across the country. With today’s launch, AmerisourceBergen becomes the primary supplier of brand pharmaceutical products across all of Walgreens locations, the wholesaler stated. In the coming months, AmerisourceBergen will assume primary distribution of all generic products to Walgreens. 

September 3, 2013

Shoppers Drug Mart announced on Tuesday that it has received support from two independent proxy advisory firms for its planned acquisition by Loblaw Cos.

TORONTO — Shoppers Drug Mart announced on Tuesday that it has received support from two independent proxy advisory firms for its planned acquisition by Loblaw Cos.

Institutional Shareholder Services and Glass Lewis & Co., two independent global proxy advisory services firms, have recommended that Shoppers Drug Mart shareholders vote in favor of the acquisition by Loblaw Cos.

August 29, 2013

Beauty brand NYX Cosmetics has expanded its retail distribution through a partnership with Target.

LOS ANGELES — Beauty brand NYX Cosmetics has expanded its retail distribution through a partnership with Target.

After positive reaction to its entry in Target's Canadian market, as well as a successful test launch domestically, NYX is now available in more than 1,000 Target stores across North America.

August 20, 2013

Aetna has announced a new pilot program, dubbed the Aetna Rx Home Success Program, which is supported by CVS Caremark.

HARTFORD, Conn. and WOONSOCKET, R.I. — Aetna has announced a new pilot program, dubbed the Aetna Rx Home Success Program, which is supported by CVS Caremark.

The Aetna Rx Home Success Program works with CVS Caremark pharmacists and Dovetail Health to support Aetna members who are taking multiple medications. The program helps members manage their health through personal support from a pharmacist — including offering in-home consultations — and focuses on those who have recently been discharged from a hospital, nursing home or rehabilitation facility.