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Generic medicine revenue up 5% for Teva’s Q2

BY Ryan Chavis

JERUSALEM — Teva Pharmaceuticals on Thursday announced results for second-quarter 2014, which included revenues of $5 billion, an increase of 2% compared with the same period last year.

The company reported non-GAAP operating income of $1.4 billion and GAAP operating income of $295 million. Generic medicine revenues saw an increase of 5%, with U.S. generics sales up by 10%; generic profitability is up by 41%.

“We are pleased with the results of second quarter 2014, delivering organic growth in revenues and all profit lines over the comparable quarter last year. Our generic business delivered solid results with significantly improved profitability. In our specialty business, we have successfully converted, to date, 51% of the Copaxone family in the United States to the newly launched Copaxone 40mg/mL, and are continuing to stably lead the global and U.S. relapsing remitting multiple sclerosis market. We also are excited about the progress we are making in our specialty pipeline, which includes, this quarter, the successful launch of DuoResp Spiromax in Europe, the progression toward FDA submission for ER hydrocodone and the FDA acceptance of our albuterol MDPI NDA," stated Erez Vigodman, president and CEO of Teva.

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AmerisourceBergen, Good Neighbor Pharmacy kick off annual meeting in Las Vegas

BY Michael Johnsen

LAS VEGAS — Independent community pharmacists, industry insiders and exhibitors on Thursday kicked off the first day of ThoughtSpot 2014, AmerisourceBergen and Good Neighbor Pharmacy’s annual tradeshow.
 
"ThoughtSpot 2014 is Good Neighbor Pharmacy’s annual conference to deliver community pharmacists resources and tools to help their businesses thrive," stated AJ Caffentzis, president, community and specialty pharmacy. “We have a long-standing commitment to independent community pharmacies, and at ThoughtSpot, we will provide them with programs, services and best practices to adapt with the changing healthcare landscape and provide superior service to their customers and communities.”
 
Taking place at the MGM Grand in Las Vegas, ThoughtSpot events include:
 
  • A variety of seminars and continuing education courses on topics including adherence management, pharmacy solutions to CMS Star ratings, pharmacy transitions and investment strategies;
  • Keynote remarks by Robert Irvine, host of Food Network’s Restaurant: Impossible. Irvine will take the stage for a presentation focused on revitalizing locations, controlling inventory and improving business offerings and customer service;
  • Exclusive details for Good Neighbor Pharmacy’s TransPHARMation, an ongoing project to ensure that independent pharmacies maintain their role as a vital source of quality care in their community. TransPHARMation is only beginning, and ThoughtSpot attendees will get a first look at the program;
  • Announcement of the Good Neighbor Pharmacy of the Year Award winner. This award recognizes pharmacies who exemplify what it means to be a Good Neighbor Pharmacy in their commitment to enhancing patient care and lives in local communities. This year’s finalists include Davies Drugs in Canton, Ohio, Deines Pharmacy in Beatrice, Neb., and Harry Race Pharmacy in Sitka, Ark.;
  • A performance by recording artists the Goo Goo Dolls at the closing night party on August 2; and
  • Special presentations and access to AmerisourceBergen’s thought leaders including Steve Collis, CEO; Dave Neu, president, AmerisourceBergen Drug Company; AJ Caffentzis, president, Community & Specialty Pharmacy; and Scott Robinson, VP Good Neighbor Pharmacy.
 
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Kiehl’s to support HIV/AIDS research with 5th Annual LifeRide for amfAR

BY Antoinette Alexander

NEW YORK — Maintaining its tradition of supporting HIV/AIDS charities, New York-based beauty retailer Kiehl's Since 1851 has announced its continued partnership with amfAR, The Foundation for AIDS Research, and the fifth annual Kiehl's LifeRide for amfAR.

To benefit amfAR, Kiehl's will introduce a limited edition Ultimate Strength Hand Salve, a jumbo size of the company's classic formula. All of Kiehl's net profits from the sale of this product, up to $25,000, will benefit amfAR.

 Inspired by Kiehl's history with motorcycles and philanthropic heritage, and with the mission to heighten awareness and raise funds for amfAR, the company embarks on the fifth annual Kiehl's LifeRide for amfAR, a charity motorcycle ride, Aug. 2 to 12, from Milwaukee to New York City.

HIV/AIDS awareness has long been at the forefront of Kiehl's philanthropic efforts, and through partnerships with organizations like amfAR, Kiehl's has donated approximately $3 million for the cause overall.  At the conclusion of this year's ride, Kiehl's will have raised about $1.03 million for amfAR specifically, funding six cure-related research projects.

Chris Salgardo, president, Kiehl's USA and Kevin Robert Frost, amfAR CEO will lead the motorcycle enthusiasts to join the fight against HIV/AIDS including actors Malcolm-Jamal Warner, Katee Sackhoff, Teddy Sears, Gilles Marini, and Vanessa Marcil, model Tyson Beckford, and World Cup Rugby Champion, Ben Cohen.

Along the route, Kiehl's will host public celebrations in Milwaukee, Chicago, metro Detroit, the Cleveland area, and New York City, donating $150,000 over the course of the ride. The public is invited to meet the riders, learn more about amfAR, and contribute to the organization

Kiehl's will end the ride by sponsoring a public display of the AIDS Memorial Quilt, Aug. 11 to 12, on Governor's Island in New York. All are invited to participate in the Quilt's traditional display activities, including unfolding ceremonies, new panel dedications and the Reading of Names. This marks the first time in nearly two decades that the City of New York has hosted the AIDS Memorial Quilt with a display of this magnitude.
 
Key partners for the ride include Harley-Davidson Authorized Rentals and FIJI Water. Additional support will be provided by Dreamworks Studios, Marilyn & Jeffrey Katzenberg, Levi's, Schott and Kenneth Cole.
 

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