PHARMACY

Alliance Boots takes ownership of Alliance Healthcare Russia

BY Michael Johnsen

ZUG, Switzerland — Alliance Boots on Thursday announced that it has acquired ownership of its associate, Alliance Healthcare Russia, from AB Acquisitions Holdings Limited, the ultimate parent company of Alliance Boots.

This follows the recently established strategic partnership with Walgreens, which included, among other things, an option for Walgreens to acquire the Alliance Healthcare Russia shareholding on exercise of its option to proceed to a full merger with Alliance Boots.

 

 

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Lilly to expand Indianapolis insulin factory

BY Alaric DeArment

INDIANAPOLIS – Eli Lilly is spending $140 million to expand its insulin manufacturing plant in Indianapolis, the drug maker said.

Lilly said it would expand the plant by 80,000 sq. ft., saying it represented one of the most significant investments in its U.S. manufacturing operations in the past decade. Construction is expected to start immediately, with completion planned for March 2014.

“Lilly is committed to providing a full range of innovative treatment options for people with diabetes,” chairman, president and CEO John Lechleiter said. “The need in our country is great, and it is growing. This investment will help us to better meet that need while expanding our advanced manufacturing footprint in our home state, helping to strengthen Indiana’s bioscience industry.” 

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Sears Holdings taps former OfficeMax exec to lead grocery, drug and Rx business

BY Antoinette Alexander

HOFFMAN ESTATES, Ill. — Sears Holdings has announced that Ryan Vero will join the company as SVP and president of grocery, drug and pharmacy.

Vero most recently served as the EVP and chief merchandising/marketing officer for OfficeMax. In his new role with Sears Holdings, Vero will be responsible for the oversight, leadership and growth, both in-store and online, for the company’s grocery, drug and pharmacy businesses.

"Ryan’s breadth and depth of experience in both stores and online make him a terrific fit to lead these very important businesses at our company," stated Ron Boire, Sears Holdings’ EVP, chief merchandising officer and president of Sears and Kmart formats. "Ryan is a proven executive who focuses on customers and innovation, two key qualities that support our drive to be the leader in integrated retail."

Vero has more than 17 years of experience with OfficeMax. In his most recent position, he was responsible for merchandising, marketing, new channels and e-commerce business, in addition to global sourcing, private brands, product development and pricing. Vero distinguished himself while at OfficeMax through the development of innovative marketing campaigns, store formats and private brands that enabled the company to overtake Office Depot as the nation’s second leading office products retailer behind Staples. He will bring some fresh thinking to Sears Holdings regarding how the company can invigorate its brand, generate customer traffic and provide a differentiated multichannel experience to drive much need same store growth.

Vero added, "I am excited about the opportunity to join Sears Holdings and provide our customers and members greater value in all areas of health and wellness while serving them at over 920 pharmacy locations nationwide."

 

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