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Innovative Product Concepts to introduce Medicine Safe

BY Allison Cerra

HILLSBOROUGH, N.J. — Innovative Product Concepts is introducing a new product that’s designed to keep prescriptions and over-the-counter medications organized and secure.

The company said Medicine Safe is constructed with a high integrity ABS/glass filled nylon composite material with a steel liner sandwiched in between and can accommodate prescription bottles that are up to 4 in. tall. Medicine Safe also keeps medicine secure with its patent pending locking mechanism that deploys two steel "double throw" locking bolts. The Medicine Safe can rest inside a standard medicine cabinet or can be securely mounted by using any combination of six prepositioned mounting points, the company said.

Carrying a suggested retail price of $69.95, Medicine Safe will be sold online at Target.com and Sharper Image.


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Bristol-Myers Squibb purchase of Amylin mostly complete, company says

BY Alaric DeArment

NEW YORK — Bristol-Myers Squibb has bought a majority stake in drug maker Amylin Pharmaceuticals, Bristol said Wednesday.

The New York-based drug maker said that 140.5 million shares of Amylin had been put up for sale at $31 per share, and that it now owned 85.55% of the San Diego-based company. Bristol said it planned to acquire the rest of Amylin’s shares Wednesday as well.

Bristol announced its intention to buy Amylin for $5.3 billion in early July. The total value of the acquisition is about $7 billion, including $1.7 billion in Amylin’s contractual payment and debt obligations.


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Kmart underscores uniform offering for BTS

BY Allison Cerra

HOFFMAN ESTATES. Ill. — Kmart said it has adjusted its approach to back to school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.

The chain, which sells school uniforms online and at more than 450 locations across the United States, said has varied its in-store and online offerings and also increased its marketing efforts to support this trend. According to the National Center for Education Statistics, 23% of all public and private schools in the nation now have a uniform policy, with public schools making up the majority at about 19%.

"As the back-to-school landscape changes, Kmart is making the necessary adjustments to provide customers the merchandise they need, when they need it," Kmart interim chief marketing officer Andy Stein said. "By offering school uniforms in more markets such as Chicago and New York and online, and shifting the back-to-school sales periods in applicable markets such as California and Hawaii we can provide greater value to our customers."

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