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LONDON — Anglo-Swedish drug maker AstraZeneca will pay up to $1.15 billion for a U.S. developer of drugs for respiratory diseases, AstraZeneca said Monday.

The company announced that it would buy Redwood City, Calif.-based Pearl Therapeutics, which has an inhaled drug for chronic obstructive pulmonary disease, called PT003 (formoterol fumarate; glycopyrrolate), in late-stage clinical development.

KANSAS CITY, Kan. — Hy-Vee will serve as the official grocer and tailgate pit stop of the Kansas Speedway, the supermarket chain said Monday.

Hy-Vee, which operates 26 supermarkets around the state and in the Kansas City, Mo., metropolitan area, has planned special events throughout the year to promote the speedway.

YUBA CITY, Calif — Americans love to snack, but they don't always have to settle for treats sacrificing good taste for healthier ingredients. Sunsweet — a leading brand of dried plums, specialty dried fruits and fruit juices — bolsters that advice with its newest offerings: Amazin' Berry Blend and Amazin' Cranberries.

Both new blends include Plum Amazin's diced plums, which studies have shown can help fight osteoporosis by preventing bone mineral loss and contain potassium, copper, boron and vitamin K.

PALM CITY, Fla. — GelStat Corporation on Monday announced that it has retained List Services Corp. to manage all branding and marketing efforts for GelStat Corporation and its products, GelStat Migraine and GelStat Sleep. LSC is a direct marketing agency that has evolved from a list management and brokerage house into a full service solution.

KANSAS CITY, Mo. — Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.

Hostess, which declared bankruptcy in November 2012 following a long standoff with one of its labor unions, said it had chosen Flowers Foods as the stalking-horse bidder; the company plans to solicit bids from other companies as well.

REDWOOD CITY, Calif. — Misfit Wearables is teeing up a revolutionary activity tracking device — the Misfit Shine — that's constructed from aircraft-grade aluminum, is waterproof and is able to wirelessly sync activity data to a smartphone without the need for a Bluetooth connection. 

PALM CITY, Fla. — GelStat is primed to grow its OTC remedy business, according to a letter to shareholders and prospective investors released Tuesday. 

REDWOOD CITY, Calif. — A drug maker that specializes in pain medications started the third late-stage trial of a drug for treating pain in patients who have undergone certain surgeries.

REDWOOD CITY, Calif. — Big Doctor is watching you — to make sure you're taking your drugs as prescribed, that is.

It's not dystopian, but it sure sounds like the stuff of science fiction: The Food and Drug Administration approved Monday a tiny, ingestible sensor that can be integrated into drugs to monitor patients' prescription drug adherence.

KANSAS CITY, Mo. — Pharmacy benefits administrator Argus Health Systems has signed a deal with Amber Pharmacy to provide expanded specialty pharmacy options to patients, Argus said.

The collaboration between Kansas City, Mo.-based Argus and Omaha, Neb.-based Amber will allow Argus to offer customers a new option when selecting a specialty pharmacy provider.

FOSTER CITY, Calif. — FRS last week launched two ready-to-drink health-and-wellness beverages: Healthy Slim to support weight loss and Healthy Defense for immune system support.

JERSEY CITY, N.J. — Single Touch Systems has picked a company that distributes prescription discount cards to sponsor the messages it delivers to pharmacy customers.

Single Touch announced the selection of ScriptRelief to sponsor its prescription pickup and appointment reminders sent to patients' mobile devices. ScriptRelief provides the RxRelief pharmacy discount card program, which offers discounts on more than 50,000 prescription drugs.