Nestlé Health Sciences completes acquisition of CM&D Pharma
LUTRY, Switzerland — Nestlé Health Sciences completed its acquisition of a company that develops "medical foods" for such medical conditions as kidney disease, inflammatory bowel disease and colon cancer.
The acquisition of CM&D Pharma comes one month after Nestlé Health Sciences became operational. The company said the acquisition would boost its science-based nutrition ventures. CM&D’s leading product, Fostrap, is a medical food in the form of a chewing gum for kidney patients who have an elevated level of phosphate in the blood, known as hyperphosphatemia.
Financial terms were not disclosed.
NACDS Foundation unveils application process for Community PREP
ALEXANDRIA, Va. — In an effort to create 30 new community pharmacy residency positions by funding programs across the nation, the charitable arm of the National Association of Chain Drug Stores announced the grant application, review and approval process for its Community Pharmacy Residency Expansion Project.
The NACDS Foundation said that Community PREP, which first was announced in December 2010, will award 15 grants to nonprofit academic institutions, totaling $50,000 each.
“The NACDS Foundation is pleased to provide this much-needed funding to create and expand community pharmacy residency programs throughout the United States,” NACDS Foundation president Edith Rosato said. “These patient-focused residency programs will help cultivate pharmacy graduates’ abilities to provide innovation in the delivery of patient care services under the expert guidance of community pharmacy preceptors.”
Click here for more information on the Community PREP program.
Three H.D. Smith executives promoted
SPRINGFIELD, Ill. — Pharmacy wholesaler H.D. Smith has promoted three of its executives.
The company announced Wednesday the promotion of Joseph Conda to SVP strategic planning and business development, Robert Appleby to corporate VP prescription products and Carolyn Webb to corporate VP marketing.
“The focus of these top performers enables the company to maximize growth potential and continue to raise the bar in providing exceptional service to customers,” H.D. Smith chairman and CEO Dale Smith said. “Combined, they bring more than 70 years of sales, product and industry leadership counsel and experience to serve our customers.”