Skip to content

CDR

Axellia buys majority stake in Phoenix Global Supply Group

Axellia Pharmaceuticals has acquired a majority interest in Phoenix Global Supply Group Inc. to supply finished dosage over-the-counter pharmaceutical products in the United States and Canada. Denmark-based Axellia announced the deal late Tuesday. Financial terms weren’t disclosed.

Rite Aid launches new private-label baby care line

Rite Aid plans to roll out a new private-brand line of baby care items called Tugaboos, with the first product — Tugaboos diapers — available now at all of the drug chain’s stores. The retailer said Thursday that Tugaboos compare in quality to the national brands but are priced much lower. The