Content about pharmaceutical

October 18, 2011

Prasco Labs announced it will serve as the exclusive U.S. distributor and pharmaceutical services provider for a line of branded prescription drugs.

CINCINNATI — Prasco Labs announced it will serve as the exclusive U.S. distributor and pharmaceutical services provider for a line of branded prescription drugs.

Prasco said that it will distribute products under the Aspen Global brand, the generic drug maker said. Aspen currently serves Africa, Latin America, Europe, Australia and Asia markets.

October 11, 2011

Walgreens on Tuesday named Jeffrey Kang and Mike Ellis to its pharmacy, health and wellness division.

DEERFIELD, Ill. — Walgreens on Tuesday named Jeffrey Kang and Mike Ellis to its pharmacy, health and wellness division.

Kang will join Walgreens Oct. 31 as SVP health and wellness services and solutions, reporting to both president and CEO Greg Wasson and president of pharmacy, health and wellness Kermit Crawford.

In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion, reporting to Crawford.

October 6, 2011

More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone.

ARLINGTON, Va. — More than half of retail respondents to a survey conducted by the Retail Industry Leaders Association recently reported an increase in the frequency with which organized rings committed shoplifting, and 41% saw an increase in shoplifting by individuals acting alone. As many as 64% of respondents reported an increase in theft of pharmaceutical products, according to the 2011 Crime Trends and Leading Practices Survey released Thursday by RILA.

October 3, 2011

Pharmacy benefit manager Express Scripts has launched a suite of services for drug makers through HealthBridge Pharma & Biotech to provide a single-solution approach to patient care.

ST. LOUIS — Pharmacy benefit manager Express Scripts has launched a suite of services for drug makers through HealthBridge Pharma & Biotech to provide a single-solution approach to patient care.

September 29, 2011

Last year, U.S. Customs and Border Protection seized $5.6 million worth of illegal pharmaceutical products, a 170% increase over 2005. Meanwhile, global sales of counterfeit medicines were estimated to be more than $75 billion last year, 90% more than in 2005. In response, Pfizer and the National Association of Boards of Pharmacy announced Thursday the launch of an effort to educate patients on how to safely buy medicines online and about the risks of counterfeit drugs.

NEW YORK — Last year, U.S. Customs and Border Protection seized $5.6 million worth of illegal pharmaceutical products, a 170% increase over 2005. Meanwhile, global sales of counterfeit medicines were estimated to be more than $75 billion last year, 90% more than in 2005.

In response, Pfizer and the National Association of Boards of Pharmacy announced Thursday the launch of an effort to educate patients on how to safely buy medicines online and about the risks of counterfeit drugs.

September 27, 2011

AmerisourceBergen on Tuesday purchased TheraCom, a subsidiary of CVS Caremark that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers, including consulting and reimbursement services, for $250 million.

VALLEY FORGE, Pa. — AmerisourceBergen on Tuesday purchased TheraCom, a subsidiary of CVS Caremark that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers, including consulting and reimbursement services, for $250 million.

TheraCom is a provider of commercialization support services to the biotech and pharmaceutical industry, specifically, providing reimbursement and patient access support services, and will join Lash Group as part of AmerisourceBergen Consulting Services.

September 16, 2011

The vast majority of pharmaceutical overdoses in children that resulted in a trip to the emergency room resulted from self-ingestion, according to a study released Friday.

CINCINNATI — The vast majority of pharmaceutical overdoses in children that resulted in a trip to the emergency room resulted from self-ingestion, according to a study released Friday.

September 14, 2011

A recent federal court ruling could have big implications for compounding pharmacies.

HOUSTON — A recent federal court ruling could have big implications for compounding pharmacies.

September 14, 2011

The American Pharmacists Association has appointed Stacia Spridgen as director of its federal pharmacy program, the group said Wednesday.

WASHINGTON — The American Pharmacists Association has appointed Stacia Spridgen as director of its federal pharmacy program, the group said Wednesday.

The APhA said Spridgen, a retired Army lieutenant colonel, would be responsible for all aspects of the APhA's federal pharmacy programs, including coordination of the annual Federal Forum and oversight management of the Department of Defense Joint Forces Pharmacy Seminar, fostering a collaborative alliance between the APhA and the federal pharmacy sector and developing relationships in the pharmaceutical industry.

September 14, 2011

The National Community Pharmacists Association on Wednesday expressed its concerns over track-and-trace systems in its comments submitted to the U.S. Senate Health, Education, Labor and Pensions Committee hearing, “Securing the Pharmaceutical Supply Chain.”

ALEXANDRIA, Va. — The National Community Pharmacists Association on Wednesday expressed its concerns over track-and-trace systems in its comments submitted to the U.S. Senate Health, Education, Labor and Pensions Committee hearing, “Securing the Pharmaceutical Supply Chain.”   

September 6, 2011

Impax Labs has appointed a new president of its generic pharmaceutical division.

HAYWARD, Calif. — Impax Labs has appointed a new president of its generic pharmaceutical division.

The drug maker said that Carole Ben-Maimon will be responsible for expanding the generic business. Recently, Ben-Maimon served as Qualitest Pharmaceuticals' SVP corporate strategy consulting. Additionally, she served as the chairman of the board of the Generic Pharmaceutical Association from 2000 to 2003.

Ben-Maimon will report to Impax's president and CEO Larry Hsu.

September 6, 2011

Francesco International on Tuesday released a Rx-to-OTC projection report covering potential switches through 2016.

LONG BRANCH, N.J. — Francesco International on Tuesday released a Rx-to-OTC projection report covering potential switches through 2016. The potential switches include drugs prescribed for chronic use or for asymptomatic conditions — two switch hurdles that to date have not cleared the Food and Drug Administration approval process.

August 30, 2011

A federal court has acted in favor of Teva Pharmaceutical Industries in the drug maker's patent infringement case against several generic drug companies seeking to market versions of its multiple sclerosis drug.

JERUSALEM — A federal court has acted in favor of Teva Pharmaceutical Industries in the drug maker's patent infringement case against several generic drug companies seeking to market versions of its multiple sclerosis drug.

August 24, 2011


A worldwide flood of counterfeit and unsafe medications is seeping into the United States and other developed countries via the Internet and porous borders, threatening public health and the security of the pharmaceutical supply chain.


A worldwide flood of counterfeit and unsafe medications is seeping into the United States and other developed countries via the Internet and porous borders, threatening public health and the security of the pharmaceutical supply chain. In response, federal drug safety overseers and such drug manufacturers as Pfizer are working to shore up the integrity of drug supplies and stop production of fake and adulterated pharmaceuticals at their source.


August 19, 2011

Canada-based drug maker Valeant Pharmaceuticals International has acquired a Kaunas, Lithuania-based specialty pharmaceutical company.

MISSISSAUGA, Ontario — Canada-based drug maker Valeant Pharmaceuticals International has acquired a Kaunas, Lithuania-based specialty pharmaceutical company.

Valeant said it completed its acquisition of Sanitas Group, which operates in Central and Eastern Europe and Russia markets.

The deal, which initially was announced by Valeant in May, was valued at EUR314 million (about $450 million) in cash.

August 8, 2011

Kinney Drugs, which operates 91 stores in central and northern New York and Vermont, has announced the recent promotion of 30-year company veteran Owen Halloran to SVP pharmacy procurement.

GOUVERNEUR, N.Y. — Kinney Drugs, which operates 91 stores in central and northern New York and Vermont, has announced the recent promotion of 30-year company veteran Owen Halloran to SVP pharmacy procurement.

August 3, 2011

A generic pharmaceutical company announced that its CFO has resigned.

PHILADELPHIA — A generic pharmaceutical company announced that its CFO has resigned.

Lannett said that Keith Ruck has exited the company to pursue other interests. The company expects to name a successor soon.

“During his tenure, Keith improved the performance of our accounting and financial reporting team,” Lannett president and CEO Arthur Bedrosian said. “In addition, he was instrumental in upgrading our internal controls and business processes. I would like to thank Keith for his hard work and wish him well in his future endeavors.”

August 3, 2011

Topco, a member-owned cooperative serving the food industry, recently kicked off an initiative substituting its TopCare-branded over-the-counter medicines for the equivalent prescription pharmaceutical, where appropriate, in an effort to save patient dollars and promote the TopCare brand.

SKOKIE, Ill. — Topco, a member-owned cooperative serving the food industry, recently kicked off an initiative substituting its TopCare-branded over-the-counter medicines for the equivalent prescription pharmaceutical, where appropriate, in an effort to save patient dollars and promote the TopCare brand.

August 2, 2011

The VP distribution operations for Omnicare's RxCrossroads business has stepped into a new role, Omnicare announced Tuesday.

COVINGTON, Ky. — The VP distribution operations for Omnicare's RxCrossroads business has stepped into a new role, Omnicare announced Tuesday.

Dan Thomas was appointed to the role of SVP and general manager for RxCrossroads, an Omnicare division that provides specialized solutions specifically tailored to the biotechnology and pharmaceutical industries. Thomas, who has worked in the unit for 27 years, will have full operational responsibility in his new role and report to Nitin Sahney, EVP and president of Omnicare’s Specialty Care Group.

July 26, 2011

Healthcare technology company Supplylogix has signed an agreement with an unnamed healthcare provider in the Midwest to provide pharmaceutical inventory management and demand forecasting.

GRAPEVINE, Texas — Healthcare technology company Supplylogix has signed an agreement with an unnamed healthcare provider in the Midwest to provide pharmaceutical inventory management and demand forecasting.

Supplylogix will provide the services for the provider’s 80 pharmacies and central-fill facility, and the provider recently completed a 45-day full deployment of the company’s services.

July 25, 2011

Good Neighbor Pharmacy last week recognized five Good Neighbor Pharmacy operators at the National Healthcare Conference and Exposition.

LAS VEGAS — Good Neighbor Pharmacy last week recognized five Good Neighbor Pharmacy operators at the National Healthcare Conference and Exposition.

Liss Pharmacy in Newark, N.J., was named the 2011 Good Neighbor Pharmacy “Pharmacy of the Year” for its commitment to the Newark community. Led by owner Matthew Parisi, the pharmacy has created programs in conjunction with both the city of Newark and the Heinz Family Philanthropies to provide pharmaceutical services and generic medications at a reasonable cost, for example.

July 25, 2011

Speech-recognition software developer VoicePort and mobile-applications-as-a-service company Unwired Nation have entered an agreement to port the former’s customer service software to smartphones and tablets, the companies said.

ROCHESTER, N.Y. — Speech-recognition software developer VoicePort and mobile-applications-as-a-service company Unwired Nation have entered an agreement to port the former’s customer service software to smartphones and tablets, the companies said.

Rochester, N.Y.-based VoicePort and Austin, Texas-based Unwired Nation will use VoicePort’s Kinita and PharmaPhonetics platform to create mobile apps. VoicePort’s software uses advanced speech recognition self-service technology to automate interactions for the pharmacy and pharmaceutical industries.

July 22, 2011

Bristol-Myers Squibb will acquire San Diego-based Amira Pharmaceuticals for $325 million, the two companies said Friday.

NEW YORK — Bristol-Myers Squibb will acquire San Diego-based Amira Pharmaceuticals for $325 million, the two companies said Friday.

Amira develops pharmaceutical drugs for treating inflammatory and fibrotic diseases, and the deal includes milestone payments of up to $150 million on top of the upfront purchase price. Amira’s drugs include AM152, an investigational treatment for idiopathic pulmonary fibrosis, currently in early-stage clinical trials and set to enter mid-stage trials.

July 18, 2011

The Pharmacy Technician Certification Board said that its certification and advanced training programs, developed by the Pharmacy Technician Workforce Coalition of the Triad, support the development of a highly skilled pharmacy technician workforce in North Carolina.

WASHINGTON — The Pharmacy Technician Certification Board said that its certification and advanced training programs, developed by the Pharmacy Technician Workforce Coalition of the Triad, support the development of a highly skilled pharmacy technician workforce in North Carolina.

July 7, 2011

Generic drug maker Hi-Tech Pharmacal reported its fourth-quarter net sales increased 45% to $57.2 million from the year-ago period.

AMITYVILLE, N.Y. — Generic drug maker Hi-Tech Pharmacal reported its fourth-quarter net sales increased 45% to $57.2 million from the year-ago period.

Net income for Hi-Tech totaled $12.7 million, or 98 cents per diluted share, compared with $6.5 million, or 50 cents per diluted share in fourth quarter 2010.