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FOSTER CITY, Calif. — Drug maker Gilead acknowledged the receipt of an unsolicited mini-tender offer by TRC Capital.

Gilead said that TRC seeks to purchase up to 3 million shares of the company at a price of $37.25 per share, or about $111.75 million. The drug maker said it is recommending shareholders reject the bid, stating that the offer is priced below the current market price for Gilead shares and is subject to numerous conditions. As of March 2, TRC's offer price represented approximately a 4.56% discount to the $39.03 closing price of Gilead common stock.

FORT WASHINGTON, Pa. — McNeil last week finalized the terms of a consent decree of permanent injunction with the Food and Drug Administration for manufacturing facilities operated by the McNeil Consumer Healthcare Division in Las Piedras, Puerto Rico; Fort Washington, Pa.; and Lancaster, Pa.

The consent decree is subject to approval by the U.S. District Court for the Eastern District of Pennsylvania.

ALEXANDRIA, Va. — Ten members of Congress expressed concerns over a provision in the Patient Protection and Affordable Care Act that is said to reduce Medicare program costs, according to the Centers for Medicare and Medicaid Services.

WASHINGTON — Reps. Charles Boustany, R-La., and John Larson, D-Conn., on Friday introduced bipartisan legislation that would eliminate the “use-it-or-lose-it” provision associated with flexible spending accounts.

CAMP HILL, Pa. — Rite Aid is working with Sharps Compliance to help customers dispose of unused medications, the retailer said Monday.

Customers can buy a Sharps Compliance medication-disposal envelope at a Rite Aid store for $3.99, place unused prescriptions or over-the-counter drugs inside and then send it via the U.S. Postal Service to the incinerator.

NEW YORK — Seventh Generation has developed an ultra-concentrated liquid laundry detergent that is available in a 100%-compostable bottle.

The company said the entire packaging system (fiber bottle, pouch, spout, cap) for its Natural 4x laundry detergent uses 66% less plastic than a typical 100-oz. 2x laundry bottle. Seventh Generation's Natural 4x laundry detergent — a nontoxic, biodegradable formula — is available in a 50-oz. (66 loads) size and two scents: Free and Clear, and Geranium Blossoms and Vanilla.

WHAT IT MEANS AND WHY IT'S IMPORTANT — A lot was made of Walgreens' sale of its pharmacy benefit management business to focus on its stores and the other parts of its business, with some analysts and pundits suggesting CVS should or might soon follow suit. Whether or not CVS Caremark decides to do the same remains to be seen, but it certainly isn't the foregone conclusion some have suggested it might be.

VALLEY FORGE, Pa. — AmerisourceBergen Monday afternoon announced that CEO David Yost will retire from the wholesaler, effective July 1, after 37 years with the company and the last 14 as CEO.

Yost will be succeeded by Steven Collis, 49.

ORLANDO, Fla. — A joint venture between PepsiCo and Unilever has tapped a Hall of Fame golfer to promote ready-to-drink iced teas throughout the state of Florida.

The Pepsi Lipton Tea partnership said Annika Sorenstam will promote Lipton ready-to-drink iced teas through in-market appearances and regional advertising for its portfolio of RTD iced tea products, which includes Lipton and Lipton Pure Leaf iced teas.

ANAHEIM, Calif. — According to a study presented Friday at the Natural Products Expo West, Boiron has found there is substantial opportunity for growth in the retail sales of homeopathic medicines with notable interest among consumers in trying homeopathic medicines.

Nearly half of all consumers have used a natural or alternative medicine successfully in the past, and there is strong consumer desire to minimize their usage of traditional over-the-counter medications because of safety and purity concerns.

BOCA RATON, Fla. — Diabetica Research Solutions said its DRSI ReStore! Energy brand has teamed up with television personality and author Charles Mattocks.

Mattocks, known to fans as "The Poor Chef," will make appearances with DRSI ReStore! Energy, including on such shows as "Dr. Oz," "Fox News" and "Oprah," as well as through his diabetes community website, newsletters and his blogs, while he continues testing recipes for diabetics using the supplement. Mattocks recently was diagnosed with Type 2 diabetes.

NEW YORK — Essie Cosmetics has joined forces with shoe brand Toms Shoes to support a global campaign to raise awareness of the millions of children at risk for disease and infection as they grow up without shoes.

As part of the One Day Without Shoes campaign, which kicks off April 5, Essie this week said it would give away a bottle of its limited-edition One Day Without Blues nail color, a light-blue shade designed to mirror the Toms Shoes flag, to the first 5,000 people that sign up.