FDA completes inspection at Watson manufacturing plant in Florida
NEW YORK Watson Pharmaceuticals’ share price jumped more than 7 percent on Tuesday’s report that the Food and Drug Administration had inspected a Davie, Fla., manufacturing plant that had been under Official Action Indicated status since 2005.
The completed inspection at the plant, which was acquired—along with its regulatory problems—from Andrx Corp. in 2006, has potentially cleared the way for approvals of the backlog of generic drugs produced there, according to Reuters. Watson spokeswoman Patty Eisenhaur said that among the medications produced at the plant, which has been in limited operation since its acquisition, are certain dosages of Prilosec, Toprol XL, Cardizem LA, Adderall XR and Concerta.
Watson reported that it is now working with the FDA to secure approvals for those drugs. The share price of Watson’s stock was up nearly $2 from its Tuesday morning price, at $31.03 at close Wednesday.
ACM, Emdeon partner to bring enhancements in technology to claims system
MINNEAPOLIS The health care benefits management company ACM and Emdeon, which provides an electronic claims network for the health care industry have announced a new alliance that will bring technological enhancements to the claims solution system that Emdeon uses.
ACM’s MedRxPrecision technology solution will add a claims management tool for drug claims processed under the medical benefit that features automated re-pricing and editing using National Drug Code-level data.
According to Gary Stuart, executive vice president of Emdeon, “Through this technology partnership, Emdeon is able to expand the essential services we provide to our clients and offer them the opportunity to exploit the power of ACM’s technology, seamlessly integrated and delivered through our network. Together we now can provide clients with enhanced capabilities to re-price drug claims, add advanced claim edits, reduce error rates for these pharmacy claims, and bring even more cost savings to their bottom line.”
Brokaw reminds NACDS Annual attendees of uncertainty in the past
WEST PALM BEACH, Fla. Offering attendees of NACDS Annual a look at the world and a glimpse back in time, was author and broadcast journalist Tom Brokaw, former NBC News anchorman and managing editor of the program NBC Nightly News with Tom Brokaw, who wrapped up Sunday’s Business Program I with an intriguing and inspirational presentation.
Americans today are faced with a myriad of uncertainties as the war rages on in Iraq, the economy wobbles, the housing market sinks and the global climate sparks concern. To top it off, the nation is going through what is the most important presidential election since 1968. However, in an effort to remind attendees that this isn’t the first time the nation has faced uncertainties, Brokaw took industry members on a trip back in time to the 1960s.
“I know it may seem as if this is a time of great trial and challenge, and it is. … There is probably an inclination to think, ‘Oh my God, times have never been worse. We have subprime mortgages, high gas prices, World War in two different countries. What is going to happen to us?’ Let me take you back 40 years ago,” said Brokaw, who has a distinguished record as a political reporter and has a series of “firsts,” including being the first and only anchor to report from the scene the night the Berlin Wall fell.
Throughout much of his presentation, Brokaw recounted many of the tribulations that took place during those years—including the assassination of John F. Kennedy, the Vietnam War and race riots—and shared stories he has carried with him throughout the years.
Brokaw also addressed the presidential election and stressed the need for Americans to get involved and to send a signal to the next generation.
“We need to get involved now. And most of all we need to send a signal to the next generation coming up. This is how we define ourselves and our country and the system every four years. We are not spectators in the process,” said Brokaw. “When we have gotten in trouble, as I believe that we have in the last 10 to 12 years in this country, it is because we have allowed ourselves to be shut out of the process.”