Cardinal Health sells China pharma business for $1.2 billion
Cardinal Health Inc. plans to sell its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co. Ltd. for $1.2 billion.
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Advantage Solutions to acquire Daymon Worldwide
Sales and marketing firm Advantage Solutions is buying retail and brand marketing specialist Daymon Worldwide. Financial terms of the transaction weren’t disclosed. Under the agreement, Daymon will continue to operate as a separate legal entity at its Stamford, Conn., headquarters.
Sales edge in up 3Q at Shoppers Drug Mart
Led by the pharmacy, Shoppers Drug Mart saw sales climb as parent Loblaw Cos. reported financial results for the 2017 third quarter. Loblaw said Wednesday that for the 16 weeks ended Oct. 7, Shoppers Drug Mart totaled revenue of $3.751 billion (Canadian), up 3.8% from $3.613 billion a year earlier.
Upsher-Smith parent sells stake in U.S. generics unit
Upsher-Smith Laboratories LLC said its Japan-based parent, Sawai Pharmaceutical Co., has agreed to sell a 20% stake in its Sawai America Inc. subsidiary to Sumitomo Corp. of Americas (SCOA). Under the deal, SCOA — part of global conglomerate Sumitomo Corp.
Rite Aid names new western division senior VP
Rob Mullins has been promoted to senior vice president of store operations of the western division, succeeding Bill Romine, who is retiring.
Crossmark Canada makes leadership appointments
Crossmark Canada has promoted Kim Thompson to senior vice president of client and business development and hired Steve Noble as director for Marketing Werks.
Lovell Drugs enlists Maricann to supply medicinal cannabis
Ontario pharmacy chain Lovell Drugs has signed a letter of intent with Maricann Group Inc. to be its exclusive supplier of medicinal cannabis.
Innovus releases FlutiCare OTC spray to pharmacies
Innovus Pharmaceuticals Inc. has begun rolling out FlutiCare OTC allergy nasal spray to U.S. pharmacies.
Hy-Vee acquires pair of telepharmacies in Iowa
Hy-Vee Inc. has acquired two telepharmacy locations in Iowa and rebannered them as Hy-Vee Pharmacy. Financial terms weren’t disclosed. The food and drug retailer said Tuesday that the telepharmacies, formerly operated by TelePharm LLC, now part of Cardinal Health Inc.
Pfizer appoints Albert Bourla to new COO post
In a fine-tuning of its executive leadership, Pfizer Inc. has named Albert Bourla as chief operating officer, a newly created position. Pfizer said Bourla, 56, currently group president of the Pfizer Innovative Health business unit, is slated to start in the COO role on Jan. 1.
CVS Health to hire 5,000 apprentices by 2022
In its continued commitment to workforce development, CVS Health announced today it has set a goal of hiring 5,000 new apprentices by 2022. This newly established goal, which coincides with the U.S.
Former Lilly exec Alex Azar tabbed to head HHS
Biopharmaceutical industry executive Alex Azar has been nominated as secretary of the U.S. Department of Health and Human Services (HHS) to fill the post vacated by Tom Price.
Eosera launches Earwax MD on Amazon Canada
FORT WORTH – Eosera Inc. has made its earwax dissolving product, Earwax MD, available in the Canadian market on Amazon.ca. Eosera said Tuesday that the Canadian market rollout marks the beginning of the company’s international expansion. On Amazon.
It’s a mobile health tech explosion
almost double the number two years ago — and about 200 new apps are launched daily. What’s more, over 340 consumer wearable devices are now on the market globally. And supporting the burgeoning
Lil’ Drug Store to roll out NoDoz to convenience stores
Next week, Lil’ Drug Store Products Inc. plans to begin distribution of its NoDoz alertness aid caplets to the convenience store channel. Lil’ Drug Store Products said Monday that NoDoz alertness aid caplets will be available for shipment to convenience stores starting on Nov. 20.
MicroTouch debuts Solo all-in-one ‘smart’ razor
MicroTouch has added a “smart” all-in-one razor, dubbed the MicroTouch Solo, to its economically priced men’s grooming line. The IdeaVillage Products Corp.