PHARMACY

ACPE accredits Western New England University College of Pharmacy

BY Lesley Thulin

SPRINGFIELD, M.A. — The Accreditation Council for Pharmacy Education has fully accredited Western New England University College of Pharmacy.

“I am certain that the College of Pharmacy will be a nationally recognized leader in pharmacy education,” Western New England University President Anthony S. Caprio said. “The College of Pharmacy has developed an innovative curriculum under the remarkable leadership of Dean Evan Robinson, who has successfully recruited a highly talented faculty, to bring the College to this accreditation recognition.”

The college graduated its first class of Doctor of Pharmacy students in May.

“From the earliest stages of this endeavor everyone came together to develop the academic program literally from the ground up,” Evan Robinson, dean of the College of Pharmacy, said.

The first class of students consisted of about 75 students per year.

ACPE noted the strength of the college’s professional development sequence and the emphasis it places on professionalism.

The college is located within the 127,000-square-foot Center for the Sciences and Pharmacy, which opened in January 2011.

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Sandoz launches generic Angiomax through Medicines Company partnership

BY David Salazar

PRINCETON, N.J. — Sandoz has launched its generic version of Angiomax (bivalirudin), an anticoagulant injection. The drug’s U.S. launch is the result of a supply and distribution agreement with the Medicines Company.

“This agreement with The Medicines Company for an authorized generic bivalirudin reflects our commitment to making high-quality generic injectables available to patients and healthcare professionals in the U.S.,”  Sandoz President Peter Goldschmidt said.

Bivalirudin is an anticoagulant indicated for patients with unstable angina undergoing coronary angioplasty, as well as those undergoing percutaneous coronary intervention or those with heparin-induced thrombocytopenia, among other indications. IMS Health projected that in the 12 months ending in April 2015, the brand-name treatment sales were about $485 million. 

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Specialty pharmacy helps Fred’s Super Dollar realize 12% growth in June

BY Michael Johnsen

MEMPHIS, Tenn. — Fred's super Dollar reported a June sales increase of 12% to $212.9 million on Thursday. Excluding $7.4 million from last year's June sales for 56 subsequently closed locations, total sales increased 16% for the month. Comparable store sales for the month increased 1.6% compared with a decrease of 0.6% in the same period last year.
 
“The strong sales growth we experienced during June continued to reflect the recent expansion of our specialty pharmacy business, which accounted for approximately 11% of total sales," stated Jerry Shore, Fred's CEO. "On a comparable store basis, June sales were on the lower end of our expectations, reflecting softer retail pharmacy department script volume and increasing reimbursement rate pressures associated with preferred Medicare Part D networks, which affects both sales and margins. On the other hand, general merchandise sales showed improvement in June and, on a comparable store basis, were flat for the month.
 
Fred's recently hired A.T. Kearney, a management and drug sector consulting firm, to contend with the gross margin pressures that are impacting retail pharmacy operations across the industry, Shore said. 
 
Fred's total sales for the first five months of fiscal 2015 increased 6% to $889.1 million. Excluding sales of $35.2 million from closed stores in 2014, total sales increased 10% for the first five months of 2015. On a comparable store basis, year-to-date sales increased 0.8% versus a decline of 1.3% for the year-earlier period.
 
During June, Fred's closed one Xpress pharmacy location.
 
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