Novartis Consumer Health’s return to shelf on track, Theraflu relaunching next
BASEL, Switzerland — Novartis Consumer Health will be relaunching Theraflu for the 2014-2015 cough-cold season, Brian McNamara, Novartis division head OTC, told analysts Wednesday.
"As you know, in the U.S. business we launched Lamisil and Triaminic and Excedrin end of 2012 and 2013. About halfway through the year, we launched Benefiber. And for next year, we expect to launch Theraflu for that cough and cold season," he said.
Overall, Novartis’ consumer business is doing well. The Consumer Health division, which includes Animal Health, posted $1 billion in net sales for the company’s fourth quarter, representing 8% growth. Results were mainly driven by strong performance of key brands globally and product re-launches in the U.S., the company reported.
"We also made good progress on our quality agenda. As we’ve talked about before, we put a significant amount of attention up against this, and it paid off in 2013," noted Joseph Jimenez, Novartis CEO. "We had a good FDA inspection at Lincoln," he said. "This is our OTC site that was in trouble. We got a good audit by the FDA and we’re now shipping product out of that site. Two of the three Sandoz sites that were under a warning letter, the original warning letter, are now compliant based on the FDA inspections, and we’re waiting for feedback on the third site in Wilson."
Rite Aid posts 1.8% increase in January comp sales despite tough flu comparisons
CAMP HILL, Pa. — Rite Aid’s January same-store sales increased 1.8%, beating out an analyst projection of a 0.5% increase in overall comparable-store sales. Total drug store sales for the four weeks ended Jan. 25 increased 1.5% to $1.9 billion.
January front-end same-store sales decreased 1.3%, of which 1.4% was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same-store sales, which included an approximate 124 basis points negative impact from new generic introductions, increased 3.2%.
Prescription count at comparable stores decreased 2.2% over the prior-year period, of which 2.4% is attributable to a decrease in flu-related prescriptions and flu shots.
Prescription sales accounted for 69.7% of drug store sales, and third party prescription sales represented 96.7% of pharmacy sales.
Same store sales for the 47-week period ended Jan. 25, 2014 increased 0.6 percent over the prior-year period. Front-end same store-sales were flat compared to the prior-year period while pharmacy same-store sales increased 0.9%. Prescription count at comparable stores decreased 0.2% over the prior-year period.
Total drug store sales for the 47 week period increased 0.3% with sales of $22.9 billion. Prescription sales represented 67.7% of total drug store sales, and third party prescription sales represented 97% of pharmacy sales.
Omron launches upgraded TENS unit
LAKE FOREST, Ill. — Omron Healthcare on Tuesday announced the release of its new Pain Relief Pro electroTHERAPY unit. Its versatility delivers more settings and more power for more relief with 10 power levels and eight pre-set modes.
Electrotherapy TENS units are a prescription-free pain relief option recommended by professionals and favored by a growing number of acute and chronic pain sufferers. TENS, which stands for Transcutaneous Electrical Nerve Stimulation, uses gentle pulses to stimulate nearby nerves and is thought to scramble pain messages to the brain, stimulate the production of endorphins (the body’s natural pain reliever) and improve blood circulation.
“We developed the new Pain Relief Pro with our customers in mind. They wanted more options for every day pain management. The result is a small but powerful device that’s simple to use and easily customized for quick relief,” said Maureen Perou, senior product manager, Omron Healthcare. “With an intuitive design that has more pain modes, power levels of intensity and now a massage feature, this smartphone sized unit can be the difference between staying home in bed or getting up and getting out of the house.”
The new Pain Relief Pro includes five pre-set pain modes (arm, lower back, leg, foot and joint) and three massage modes (tap, knead, rub) to target the most common problem spots. Ten power levels of intensity allow users to create a personalized experience.
The Pain Relief Pro will be selling for a suggested retail price of $69.99.