Mylan announces launch of generic Lunesta
PITTSBURGH — Mylan announced that it has launched eszopiclone tablets in 1 mg, 2 mg and 3 mg form. The drug — which is used for the treatment of insomnia — is the generic version of Lunesta from Sunovion Pharmaceuticals.
Mylan received final approval from the Food and Drug Administration for its abbreviated new drug application. Eszopiclone tablets had sales in the U.S. of approximately $851.8 million for the 12 months ending Dec 31, 2013, according to IMS Health.
Supervalu to open Colorado DC to feed Denver market
ST. LOUIS- — Supervalu’s Save-A-Lot on Monday announced plans for a new 140,000-sq.-ft. food distribution center in Aurora, Colo., in June 2014.
Save-A-Lot currently services its stores in this market out of the company’s distribution center located in Dallas.
“This project represents a significant investment in Denver and the surrounding markets,” said Ritchie Casteel, president and CEO of Save-A-Lot. “We are excited about the opportunity to more efficiently serve our current stores as well as opening up the area for growth possibilities in the future.”
There are 15 Save-A-Lot stores in the Denver Market. The new distribution center will help support the company’s growth plans in Denver and the surrounding states, the company stated.
CCA Industries posts Q1 net loss, completes outsourcing move
EAST RUTHERFORD, N.J. — CCA Industries, whose portfolio includes Nutra Nail, Bikini Zone, Plus+White toothpaste and Scar zone scar treatment, posted a loss for the first quarter.
For the quarter ended Feb. 28, total revenues were $7.75 million and it posted a net loss of $1.24 million. This compares with revenues of $11.80 million and the net loss $1.02 million in the year-ago period. Basic and fully diluted losses per share for the quarter were 18 cents compared a loss of 14 cents for the same quarter last year.
"We are moving rapidly to leverage our new association with the Emerson Group to help increase our brand distribution base. This largely reflects the power of scale the Emerson Group brings to our company by managing over $1.7 billion in annual consumer sales against a variety of niche consumer product brands very similar to ours with the retailers in all classes of trade," stated Richard Kornhauser, CEO and President. "Moreover, and concurrently with the outsourcing effort, we have taken significant action to drive consumers to the shelves to purchase our brands by redeploying much of the cost savings achieved into added media and new harder working advertising that moves product. We have already seen a very positive response to our efforts in March as our renewed and enhanced marketing efforts reinforce our brand connection to the consumer. While the accelerated shift to outsourcing — achieved 30-days quicker than originally anticipated — is highly beneficial and delivers substantial cost savings to us through the year — it did lead to some logistical early challenges that impeded our business results in the first quarter of 2014. These issues are principally corrected. Importantly, we believe that the benefits of our efforts in totality will dramatically help drive brand awareness, enhance our distribution base, and improve in-store merchandising which we believe will prove highly positive starting in the second quarter and throughout fiscal 2014 and beyond.”