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Valeant ups offer to acquire Obagi Medical

Valeant Pharmaceuticals International Inc. has increased its offer to purchase Obagi Medical Products after Merz Pharma Group made a larger bid for the company. Valeant and Obagi said Wednesday that under an amended agreement, Valeant raised its tender offer to acquire Obagi from $19.

Walgreens’ same-store sales improve in March

Walgreens’ same-store sales improve in March

Increased sales in the front end helped Walgreen Co. post a slight gain in same-store sales for March. Walgreens said Wednesday that comparable-store sales in March edged up 0.7%, an improvement from a 0.6% decline in February.

Walgreens sweetens health incentives in Balance Rewards

Walgreen Co. is giving members of its Balance Rewards loyalty program more incentive to better their health. On Tuesday, Walgreens announced additional health-related activities and goal tracking that will enable Balance Rewards members to earn more points.

AmerisourceBergen to divest contract packaging business

AmerisourceBergen Corp. plans to sell AndersonBrecon, its contract packaging business, to an investor group led by Frazier Healthcare in a $308 million cash deal. The agreement, announced Tuesday, marks the second divestiture by AmerisourceBergen within less than a week.

Walgreens steps up renewable energy effort in Colo.

Walgreens steps up renewable energy effort in Colo.

Walgreen Co. has expanded its renewable energy initiative to Colorado with SolarCity, a provider of clean energy. SolarCity said Monday that over the coming months, it plans to deploy solar systems at 22 Walgreens drug stores in 14 cities in Colorado.

CVS elects former J&J CEO Weldon to board

Former Johnson & Johnson chairman and chief executive officer William Weldon has been named to the CVS Caremark Corp. board of directors. In an 8-K filing with the Securities and Exchange Commission on Friday, CVS said its board has elected Weldon to serve as a director.

Dr. Reddy’s launches Zenatane

Dr. Reddy’s Laboratories has introduced Zenatane (isotretinoin capsules), an acne medication, in strengths of 20 mg and 40 mg. The company said Friday that its product is a therapeutically equivalent generic version of Hoffman-LaRoche’s Accutane (isotretinoin capsules) in the U.S.

Mission Pharmacal releases flavored prednisolone solution

Mission Pharmacal Co. is rolling out a flavored prednisolone oral solution for the treatment of severe asthma attacks, particularly in children. The company said Wednesday that its grape-flavored Prednisolone Sodium Phosphate Oral Solution 25mg/5 ml product has been released in some U.S.