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Lilly drug effectively treats enlarged prostate, study finds

BY Alaric DeArment

INDIANAPOLIS — A drug made by Eli Lilly & Co. produced "significant" improvements in patients with erectile dysfunction who also had benign prostatic hyperplasia, according to results of a new study.

The phase-3 study, published in the Journal of Sexual Medicine, found that Cialis (tadalafil) improved erectile dysfunction and benign prostatic hyperplasia in men with both conditions. BPH is a condition in which the prostate enlarges, causing urinary symptoms.

The Food and Drug Administration approved Cialis to treat both conditions on Thursday.

 


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Giant Eagle inks deal with FoodLink on fresh food supply

BY Michael Johnsen

LOS GATOS, Calif. — FoodLink, an online network for fresh food retailers, wholesalers and suppliers, on Tuesday announced its status as a certified partner to Giant Eagle. With 228 supermarket locations, Giant Eagle is one of the largest produce buyers in the country, FoodLink stated.

“We strive to offer our customers a wide selection of fresh, high-quality products at low everyday prices,” stated Craig Ignatz, VP produce at Giant Eagle. “FoodLink will be an important part of helping improve our operations to better serve these customers through more effective sourcing and partnering with a wide network of perishable goods suppliers.”

FoodLink is an online network that connects all of the participants in a fragmented perishable goods supply chain. The network consists of more than 2,000 retail grocers and their fresh food suppliers, including carriers and third-party brokers and wholesalers. The network helps retailers manage the fresh food category to source products at competitive prices while reducing waste and inefficiencies across the supply chain.

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Weis reports 3Q same-store sales increase of 6.5%

BY Michael Johnsen

SUNBURY, Pa. — Weis Markets on Wednesday reported third-quarter sales of $678.6 million, an increase of 6%. Comparable-store sales increased 6.5% during the thirteen-week period ended Sept. 24.

"Our company continues to generate strong results in a difficult economic environment," stated Robert Weis, Weis Markets’ chairman. "Cautious consumer spending due to the poor economy continues to impact our business, [and] fuel and wholesale inflation impacted our business during the period."

"We absorbed a significant portion of these cost increases during the quarter and did not pass them on to our customers," Weis added. "Our company continues to benefit from improved operating performance and execution at store level, increased supply chain efficiencies and a disciplined and effective go-to-market strategy."

During the period, the grocer’s net income increased 4.1% to $17 million compared with the same period a year ago. The company’s third-quarter earnings per share increased to 63 cents per share compared with 61 cents per share in 2010.

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