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FDA approves Zyvox generic from Glenmark

FDA approves Zyvox generic from Glenmark

Glenmark Pharmaceuticals Inc. USA has been granted approval from the Food and Drug Administration for linezolid tablets 600 mg, an antibiotic. Glenmark said its linezolid product is a therapeutic equivalent of Zyvox tablets 600 mg from Pfizer Inc.

Lawmakers see pharmacists as linchpin for MTM

Lawmakers see pharmacists as linchpin for MTM

A bipartisan coalition of congressmen is urging the participation of retail pharmacists in a new initiative to improve the use of medication therapy management (MTM) in Medicare. The National Association of Chain Drug Stores said Wednesday that 44 members of the U.S.

Aurobindo gets approval for Patanol generic

Aurobindo gets approval for Patanol generic

Aurobindo Pharma Ltd. has received approval from the Food and Drug Administration for olopatadine hydrochloride ophthalmic solution 0.1%. Aurobindo said its olopatadine HCl ophthalmic solution product is a generic version of Patanol ophthalmic solution/drops from Alcon, a Novartis company.

Coty creates corporate affairs post

Coty creates corporate affairs post

Coty Inc. has named Andraea Dawson-Shepherd as senior vice president of corporate affairs, a newly created position. The beauty care company said late Friday that in the role Dawson-Shepherd will lead Coty’s communication and corporate affairs agenda as it continues its expansion and transformation.

WBA makes financing move for Rite Aid acquisition

WBA makes financing move for Rite Aid acquisition

Walgreens Boots Alliance (WBA) Inc. has completed $12.8 billion in term loan facilities as part of the financing for its $17.2 billion deal to acquire Rite Aid Corp. WBA said Monday that the transactions include the placement of $5 billion of term loan facilities — split between two tranches of $2.

Retail expert bullish on CVS

Retail expert bullish on CVS

Longtime retail consultant/analyst Walter Loeb likes what he sees from CVS Health. In a Forbes article on Friday, Loeb described CVS as a compelling health and wellness destination, especially in the wake of its acquisition of Target Corp.

Walmart names Rogers chief marketing officer

Walmart names Rogers chief marketing officer

Tony Rogers reportedly has been appointed as chief marketing officer at Walmart. Published reports said Friday that Rogers, a 10-year company veteran who has been CMO of Walmart China for the past two years, succeeds Stephen Quinn, who is retiring.

AstraZeneca buys Takeda respiratory business

AstraZeneca buys Takeda respiratory business

AstraZeneca plans to acquire the core respiratory business of Takeda Pharmaceutical Co. Ltd. for $575 million. Under the agreement, approximately 200 Takeda staff will transfer to AstraZeneca after the closing of the transaction, expected in the first quarter of 2016.

Rite Aid 3Q earnings meet Wall Street’s forecast

Rite Aid 3Q earnings meet Wall Street’s forecast

Rite Aid Corp. posted fiscal 2016 third-quarter adjusted earnings in line with Wall Street estimates and announced a special shareholders meeting to vote on its $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Rite Aid said Thursday that for the third quarter ended Nov.

Sucampo CEO to become chairman

Sucampo CEO to become chairman

Peter Greenleaf, chief executive officer of Sucampo Pharmaceuticals Inc., has been appointed as chairman of the board. Sucampo said late Tuesday that Greenleaf, the company’s CEO and a board member since March 2014, is slated to take the reins as chairman on Jan. 1.