Lupin to acquire remaining stake in South African generic drug maker
CAPE TOWN, South Africa — Pharma Dynamics has entered into an agreement with Lupin, in which Lupin will acquire the remaining 40% equity in Pharma Dynamics.
Financial terms of the deal were not disclosed.
“The transaction represents significant foreign investment into SA and is a major vote of confidence in the business. It will add additional global muscle to Pharma Dynamics’ operations and support the next phase of growth for the company. I have enjoyed an excellent relationship with Lupin, who has been a key partner in the business since 2008,” stated Paul Anley, CEO of Pharma Dynamics.
Added Vinita Gupta, CEO of Lupin, “We are delighted with this development as Africa is fast emerging as one of the growth engines of the future. We deeply appreciate the efforts of Mr. Paul Anley in building Pharma Dynamics into a very robust and the fastest growing Pharma major in the Republic of South Africa. We are very pleased that Paul Anley has agreed to continue as the CEO”.
The Washington Post prints NACDS letter on Rx drug abuse, access
ARLINGTON, Va. — A letter to the editor written by National Association of Chain Drug Stores President and CEO Steve Anderson, emphasizing the need for a comprehensive approach to curbing prescription drug abuse and diversion and preserving patient access to prescription pain medication was published in The Washington Post.
Anderson’s letter was written in response to a recent opinion column, titled “The Legal Drug Epidemic.”
The opinion column discussed the evolution of the “epidemic” of prescription abuse of opioid pain medications. The piece suggests that more regulation to combat the abuse problem is the answer, stating, “It appears that reducing the country’s most troubling drug-related public health problem depends on more, and more intelligent, regulation, not less.”
In NACDS’ letter to the editor, Anderson emphasized that the real solution is a collaborative approach that takes into consideration the complexity of this problem. The letter cites NACDS’ support for bipartisan federal legislation in the U.S. Senate and House, titled the Ensuring Patient Access and Effective Drug Enforcement Act of 2015 (S. 483 and H.R. 471). The bills seek to bring together key law enforcement, government agencies, health care and other stakeholders to develop a framework that will help legitimate patients access their necessary medications, and work to address drug abuse, addiction and diversion.
ShopRite teams up with J&J to launch in-store Diabetes Center
FLEMINGTON, N.J. — In line with ShopRite’s Live Right initiative, which is all about personalizing the health and wellness experience for its customers, the grocer has teamed up with Johnson & Johnson to create a Diabetes Center at its Flemington, N.J., location.
With the new Diabetes Center, Wakefern’s ShopRite and Johnson & Johnson are striving to care for the customer as a whole, with a focus on reinforcing all aspects of diabetic care from monitoring and nutrition management to medication, education and total body care, explained Kimberly Gallene, category manager in HBC, and Natalie Menza, manager of health and wellness at Wakefern.
Opened on Feb. 25, the Diabetes Center includes more than 100 items across seven categories, including pharmacy. It is strategically located next to the pharmacy and the dietitian's office so that store health professionals are easily accessible to answer specific questions that customers may have.
The Flemington ShopRite marks the first location to feature the Center, but the company plans to implement it in additional stores in the near future.
According to Gallene and Menza, ShopRite selected the Flemington store for the launch given its robust health and wellness program with the dietician and pharmacists working together to meet customers’ needs.
To create the space, ShopRite partnered with J&J on its product and pharmaceutical side of the business. Utilizing J&J’s professional expertise, research and resources — combined with ShopRite’s knowledge of the customer and community — the grocer created a space that aims to be convenient, inviting and educational.
In addition to products, the destination delivers education in the form of signage, brochures and an onsite tablet that links directly to the ShopRite.com/diabetes web page for additional information.
In addition to the Diabetes Center, ShopRite also works to address the specific healthcare needs of those shoppers with diabetes through one-on-one counseling and group classes geared toward diabetes prevention and management.