DSN, Skipta partner on pharm social site
NEW YORK —Social networking has achieved such ubiquity that those without accounts on Facebook or LinkedIn soon may become the new hermits. But a new social networking tool could become for pharmacists what Facebook is for an ever-expanding portion of the globe.
Drug Store News is collaborating with professional networking website developer Skipta to launch the Pharmacist Society—officially dubbed Pharmacist Society powered by Drug Store News—a social media platform that will combine networking, job searching, continuing education and other services in a regulated user environment.
“Users can benefit the most from Pharmacist Society through connecting with other pharmacists around the country,” Skipta president and CEO Ted Search said. The site will be open to pharmacists, such pharmacy professionals as academics and researchers, and pharmacy students. “This gives [students] an opportunity to use this technology that they’re used to, but in a private, closed-loop platform that involves a very targeted audience, which is the world of pharmacy.”
Among other features, pharmacies and schools will be able to create private pages open only to their own employees, while pharmacists will be able to store documents on the site and drug companies can provide members with direct product education.
“The Pharmacist Society will offer a customizable social media platform for community-based retail pharmacists and pharmacy students,” said Drug Store News publisher Wayne Bennett. “By combining the best of Skipta technology, Drug Store News continuing education content [and] existing Web traffic as our base, the Pharmacist Society will become the leading portal in which retail community pharmacists will receive, share and exchange information.”
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Re-evaluating Chinese currency remains a bad idea
WHAT IT MEANS AND WHY IT’S IMPORTANT Herbert Hoover is alive and well — and picking up his prescriptions at the local drug store.
(THE NEWS: Retailers urge Congress to reject Chinese currency legislation. For the full story, click here.)
Of course, he isn’t. But if he were, he might have some advice to offer current members of Congress and occupants of the White House based on his experience with the Smoot-Hawley Tariff Act of 1930, which attempted to rescue the U.S. economy by imposing tariffs on imported goods, but instead ignited a trade war that many historians blame for deepening the Great Depression.
The legislation to impose tariffs on Chinese imports as a way to force it to revalue the yuan is based on the assumption that China manipulates its currency to make its manufactured goods more competitive in the U.S. market. Thus, the reasoning goes, if China were to revalue the yuan, it would help American manufacturers by making Chinese imports more expensive and American goods more competitive in China, thereby helping to ease the U.S.-China trade deficit, which totaled $226.9 billion last year and has so far reached more than $145 billion this year, according to U.S. Census data.
But it’s not that simple. In 1930, the United States manufactured most of its own consumer goods; but that’s no longer true, and the bulk of consumer goods, from toys to digital cameras, now come from China. Also frequently lost in the melee is the fact that most of the supposedly Chinese goods are not Chinese at all, but rather products with American, Japanese, Korean and European brands that are assembled in China. Unlike in the 1970s and 1980s, when such Japanese companies as Sony were eating the lunch of such American counterparts as General Electric, the “Made in China” label now graces the products of both.
For that reason, if legislators imposed big tariffs on Chinese goods or if China dramatically revalued the yuan, it would simply force retailers to pass the extra costs to consumers. So after picking up his prescriptions, Hoover would find the digital camera he had planned to buy from behind the counter noticeably more expensive. While this would not likely lead to another Great Depression, it would certainly diminish consumers’ purchasing power.
As for the manufacturing jobs, many experts have said they would simply migrate to cheaper countries rather than returning to the United States. This trend already is under way in textiles, as many clothing companies have started moving factories from China to such countries as Bangladesh in response to the increasing costs of manufacturing in China.
Perrigo seeks approval for generic Zegerid OTC, Schering-Plough files suit
ALLEGAN, Mich. Perrigo has filed for regulatory approval of a generic version of an over-the-counter medication for frequent heartburn, prompting a lawsuit from the branded version’s manufacturer.
The company announced Friday that it had filed for approval for omeprazole and sodium bicarbonate in the 20 mg/1,100 mg strength. The medication is a generic version of Zegerid OTC, made by Schering-Plough HealthCare, a subsidiary of Merck.
Schering-Plough filed a lawsuit Monday alleging patent infringement in the U.S. District Court for the District of New Jersey to prevent Perrigo’s commercialization of the product.
Zegerid had sales of around $60 million during the 12-month period ended in the “most recent month,” according to SymphonyIRI Group.
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