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Actavis, Warner Chilcott shareholders approve merger deal

BY Alaric DeArment

PARSIPPANY, N.J. — Shareholders of Actavis and Warner Chilcott have approved the merger of the two drug makers, the companies said Tuesday.

The deal, whereby U.S.-based Actavis will acquire Ireland-based Warner Chilcott, is expected to close later this year.

Actavis and Warner Chilcott announced the $8.5 billion deal in May. Last month, three independent proxy advisory firms recommended to shareholders that the deal go through, and most European regulators have approved it. Currently, it is still awaiting approval by the U.S. Federal Trade Commission and the Irish High Court.

 

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Smartphone trade-in program launches nationwide at Walmart stores

BY Dan Berthiaume

BENTONVILLE, Ark. — Walmart announced today that starting Sept. 21 consumers will be able to receive immediate credit toward the purchase of a new smartphone when they trade in their current smartphone at more than 3,600 participating Wal-Mart stores and Sam’s Club locations across the United States. Wal-Mart’s trade-in program offers an immediate credit from $50 to $300 for more than 100 smartphones.

Consumers can bring their working smartphone to an electronics associate. In partnership with CExchange, the value of the smartphone will then be assessed by answering questions on the device’s condition and specifications. Once accepted, the trade-in value will be applied to a new smartphone of the customer’s choice. Wal-Mart customers can also apply the trade-in value to smartphones available with prepaid plans.

“Smartphones have become a part of our customers’ everyday lives and as new devices launch more frequently, trade-in programs are becoming more popular," said Steve Bratspies, executive VP of general merchandise for Wal-Mart U.S. "More and more, customers are choosing where they purchase new smartphones based on where they’ll get the best value for their trade-ins. Our goal is to give them more value for their old devices and the lowest price for their new one, all part of our promise to be the best destination for wireless."

In addition, customers looking to trade in electronics like tablets, MP3 players, video games, cameras, laptops and more can turn "gadgets to gift cards" on Walmart.com.


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Teva launches generic version of Prevpac Kit

BY Alaric DeArment

NORTH WALES, Pa. — Teva Pharmaceutical Industries has introduced a generic version of an antibiotic drug kit, the company said.

Teva, through U.S. subsidiary Teva Pharmaceuticals, announced the introduction of 30-mg lansoprazole delayed-release capsules, 500-mg amoxicillin capsules and 500-mg clarithromycin tablets. The treatment is packaged in 14 cards with eight pills, designed for 14 days of treatment.

The treatment is a generic version of Takeda’s Prevpac Kit.

 

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