Hospira buys Indian manufacturing, R&D center
LAKE FOREST, Ill. — Generic drug maker Hospira has acquired a manufacturing and research and development center from an Indian drug maker for $200 million, Hospira said Wednesday.
Hospira said it bought the Food and Drug Administration-approved active pharmaceutical ingredient factory and R&D facility in Aurangabad, India, from Orchid Chemicals and Pharmaceuticals, saying it would reduce Hospira’s costs, support its supplying of antibiotics and pave the way for future API development.
"Our decision to acquire Orchid’s world-class API facility demonstrates Hospira’s continued dedication to the antibiotics space, enchanting cost-competitiveness and ensuring continuity of supply," Hospira India managing director C. Bhaktavatsala Rao said. "This is a top-of-the-line API manufacturing facility that has been recognized by industry leaders for its high standards. We look forward to welcoming our new colleagues from Orchid and leveraging their expertise to continue to bring high-quality, lower-cost products to patients around the world."
Lilly promotes Michael Harrington to SVP, general counsel
INDIANAPOLIS — Eli Lilly announced that Michael Harrington will be promoted to SVP and general counsel, effective Jan. 1, 2013.
Harrington — who currently serves as VP and deputy general counsel for the drug maker and is responsible for the legal function across Lilly’s five business units — will replace Robert Armitage, who will retire at the end of the year. In his new role, Harrington will report to Lilly chairman, president and CEO John Lechleiter and will serve on the company’s executive committee.
"We are very fortunate to have Mike Harrington to take Bob’s place. Mike is well-prepared for his new assignment," Lechleiter said."He has been instrumental in handling many of the key legal challenges we have faced in the last few years. His extensive global experience, deep knowledge of the business, and his passion for Lilly’s mission will serve our company well."
Amazon.com to begin collecting sales taxes for purchases made in Pennsylvania
HARRISBURG, Pa. — Online giant Amazon.com will begin collecting a 6% state sales tax on purchases being shipped to Pennsylvania beginning Sept. 1, according to published reports.
The move is being made so that the online retailer will be in compliance with a new Pennsylvania state law going into effect that requires online retailers to collect state taxes if that retailer has a physical presence in the state.
Amazon.com operates six fulfillment centers in Pennsylvania. Amazon.com presently collects sales taxes in six other states: Kansas, Kentucky, North Dakota, New York, Texas and Washington. California will be added to that list on Sept. 15, according to the reports.