Caraco receives proposal to go private
Caraco Pharmaceutical Laboratories Ltd. has received a buyout proposal from Sun Pharmaceutical Industries Ltd. and Sun Pharma Global Inc.
Supplier News
Sara Lee closes sale of businesses to Unilever
Sara Lee Corp. has completed the sale of its global body care and European detergents businesses to Unilever for 1.21 billion euro ($1.6 billion U.S.).
Jennifer Lopez becomes L’Oreal brand ambassador
Actress and singer Jennifer Lopez has been named as a global brand ambassador by L’Oreal Paris.
Pfizer’s Kindler retires, new CEO elected
Pfizer Inc. said president and chief executive officer Jeffrey Kindler has retired and Ian Read has been elected by the board to lead the company. Kindler also served as chairman.
Lance, Snyder’s of Hanover finalize merger
Snack makers Lance Inc. and Snyder’s of Hanover Inc. have completed their merger. The deal announced in late July, which the companies said was a stock-for-stock merger of equals, brings together Snyder’s, a global leader in pretzels and a U.S.
Novartis teams with Emerson Group for niche brand support
Novartis Consumer Health Inc. has partnered with the Emerson Group to bolster marketing and promotional support for over a dozen of its niche over-the-counter medicine and personal care brands.
Prestige Brands names new CFO
Ron Lombardi has been appointed chief financial officer of over-the-counter health and household products marketer Prestige Brands Holdings Inc. Prestige Brands said late Thursday that Lombardi will take over the CFO post on Dec. 6.
Merck to acquire SmartCells
Merck & Co. has unveiled an agreement to buy SmartCells Inc., a private company developing a unique technology for the treatment of diabetes. Under the deal announced Thursday, Merck said it plans to acquire all outstanding stock of Beverly, Mass.-based SmartCells.
Endo closes deal to buy Qualitest
Endo Pharmaceuticals said this week that it has completed its acquisition of generic drug maker Qualitest Pharmaceuticals. Endo had announced in late September that it entered into an agreement to acquire Qualitest for about $1.2 billion in cash.
Kodak rolls out fit-to-frame photo kiosks at CVS
Eastman Kodak Co. has introduced its new PYNK Smart Print System photo kiosks at 5,000 CVS/pharmacy stores nationwide.
Carmex introduces limited-edition flavors at Walgreens
Carma Laboratories Inc., the maker of Carmex lip balm, has unveiled two limited-edition flavors, Carmex Lime Twist and Carmex Vanilla Click Sticks.
Watson ships ella emergency contraceptive to pharmacies
Watson Pharmaceuticals Inc. announced that its oral emergency contraceptive, ella (ulipristal acetate 30 mg) is now available by prescription in the United States.
Ad campaign upcoming for PediaCare
VIA Group has partnered with Prestige Brands Holdings Inc. to launch an integrated marketing and promotional campaign for the PediaCare line of over-the-counter children’s remedies.
Caltrate Soft Chews offer vitamin D solution
Pfizer Consumer Healthcare has rolled out Caltrate Soft Chews, which the company bills as a great-tasting and convenient way to meet the recommended daily intake of vitamin D to maintain bone health.
Merck tabs Frazier to succeed Clark as CEO
Merck & Co. president Kenneth Frazier has been named chief executive officer, succeeding current CEO Richard Clark, who will continue as chairman. The pharmaceutical giant said Tuesday that Frazier, 55, will take the CEO reins effective Jan. 1. He also will become a member of the company’s board.
Cardinal acquires pharmaceutical distributor in China
Cardinal Health Inc. has wrapped up a $470 million deal to acquire Zuellig Pharma China, a leading health care distribution business in China, known locally as Yong Yu, and the nation’s largest pharmaceutical importer.