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Mylan acquires rights to Apsen’s Arixtra injection

BY Ryan Chavis

PITTSBURGH — Mylan announced that its subsidiary, Mylan Ireland Limited, has agreed to acquire the U.S. rights relating to Arixtra (fondaparinux sodium) injection and the authorized generic version of Arixtra from Aspen Global. The drug is used to prevent deep vein thrombosis. Mylan is currently selling the drug in the United States through an arrangement with Aspen. Apotex is selling generic Arixtra, which will be transitioning to Mylan by the end of the year, the company stated. 
 
"The addition of Arixtra is an attractive opportunity to broaden the range of therapeutic categories we market in the United States, in both the hospital and retail settings, and bolster our growing portfolio of complex injectables to better meet our customers' needs," said Heather Bresch, Mylan CEO. 
 
Mylan will pay Apsen $225 million once the transaction is complete, with an additional $75 million that will be held in escrow and released when certain conditions are met. Aspen will supply Arixtra and its generic equivalent to Mylan. 
 
Arixtra and the authorized generic had sales in the United States of $18.8 million and $95.3 million, respectively, for the 12 months ending June 30, 2014, according to IMS Health data. 
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NACDS-backed provider status bill hits milestone

BY Antoinette Alexander

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has announced that NACDS-backed bipartisan legislation, H.R. 4190, which would expand pharmacists’ ability to serve patients and improve their healthcare outcomes, has garnered a milestone 100 co-sponsors.

The legislation would amend the Social Security Act, allowing pharmacists to be paid by Medicare Part B for providing services in medically underserved communities — subject to state scope-of-practice laws.

Reps. Renee Ellmers, R-N.C., Sheila Jackson Lee, D-Texas, Hank Johnson, D-Ga., Thomas Massie, R-Ky., Patrick Murphy, D-Fla., and Tim Walz, D-Minn., are the latest cosponsors of the bill, which was introduced on March 11.
 

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Associated Wholesalers files Ch. 11, enters purchase agreement with C&S

BY Antoinette Alexander

ROBESONIA, Pa. — Regional cooperative food distributor Associated Wholesalers and its subsidiaries, including the White Rose distribution business, has filed for bankruptcy and entered a purchase agreement with C&S Wholesale Grocers.

Under the agreement, C&S Wholesale Grocers will acquire substantially all of Associated Wholesalers’ assets, including White Rose. C&S will serve as the "stalking horse bidder" in a court-supervised auction process. Accordingly, the agreement is subject to higher and otherwise better offers, among other conditions.

Associated Wholesalers and White Rose are expected to continue operating in the normal course during the sale process.

"The addition of AWI and White Rose would expand C&S's footprint and enhance our significant capabilities in servicing independent grocers," said Rick Cohen, chairman and CEO of C&S. "AWI and White Rose have a terrific customer base, and their distribution capabilities are a natural complement to our existing portfolio.  We believe we are strongly positioned to provide all of their customers with the goods and services they need to successfully run and even grow their businesses."

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