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Pharmacy

Lannett to distribute Toprol-XL generic

Lannett to distribute Toprol-XL generic

Lannett Co. has entered into an agreement with Aralez Pharmaceuticals Trading DAC, an Irish designated activity company, to become the exclusive U.S. distributor for metoprolol succinate extended-release tablets, a cardiovascular medication. Financial terms weren’t disclosed.

Teva unveils reorganization plan

Teva unveils reorganization plan

Just over two months after naming a new chief executive officer, Teva Pharmaceutical Industries Ltd., the world’s largest maker of generic drugs, is reorganizing its business and leadership structure.

Kaleo to launch Auvi-Q auto-injector for young children

Kaleo to launch Auvi-Q auto-injector for young children

Next year, Kaleo plans to release Auvi-Q 0.1 mg, a version of its epinephrine auto-injector for infants and small children. Kaleo said Monday that the Food and Drug Administration has approved its supplemental New Drug Application (sNDA) for Auvi-Q 0.

Diplomat Pharmacy buys LDI for $595 million

Diplomat Pharmacy buys LDI for $595 million

Diplomat Pharmacy Inc. plans to acquire St. Louis-based pharmacy benefit manager LDI Integrated Pharmacy Services for in a $595 million cash and stock deal. The move marks the second PBM acquisition this month by Diplomat, the nation’s largest independent specialty pharmacy. On Nov.

PQA appoints new board members

PQA appoints new board members

The Pharmacy Quality Alliance (PQA) has named new members to its board of directors and approved its 2018 executive committee. Mary Ann Kliethermes, vice chair of ambulatory care and professor at the Midwestern University Chicago College of Pharmacy, will serve as PQA’s chairman for 2018.

Upsher-Smith parent sells stake in U.S. generics unit

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.

Hy-Vee acquires pair of telepharmacies in Iowa

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.