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PepsiCo, Nature Conservancy announce partnership

BY Ryan Chavis

PURCHASE, N.Y. — PepsiCo and the Nature Conservancy will unite to help increase recycling and protect drinking water in a new five-year partnership called "Recycle for Nature." PepsiCo will expand the availability or recycling bins in the United States, beginning at gas stations and convenience stoers. According to a PepsiCo survey, recyling recepticles are available only 12% of the time at away-from-home locations.

"Most consumers want to recycle when they're away from home — there just aren't enough convenient places to do it," said Al Carey, CEO of PepsiCo Americas Beverages. "This is a huge opportunity that has been largely unaddressed until now. The easier we can make it to recycle, the more likely people are to recycle; and by giving consumers the added incentive of helping protect our watersheds, we can make an impact."

The partnership also will give consumers a chance to protect drinking water. By recycling with greater frequency, consumers help to drive efforts that protect drinking water in areas that supply drinking water to more than 35 million people. The goal is to save and restore 1 billion gallons of water over five years in rivers that include: Colorado River; Denver's Front Range Forests; the Verde River in Arizona; the Kings River in Northwest Arkansas; and the Cape Fear Rive in North Carolina.

"As our population and economies grow, already-stressed water sources will face unprecedented pressure," said Mark R. Tercek, president and CEO of the Nature Conservancy. "Protecting the rivers that provide clean, reliable water for people, and nature is one of the smartest investments that forward-thinking companies can make."   
 

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Generic medicine revenue up 5% for Teva’s Q2

BY Ryan Chavis

JERUSALEM — Teva Pharmaceuticals on Thursday announced results for second-quarter 2014, which included revenues of $5 billion, an increase of 2% compared with the same period last year.

The company reported non-GAAP operating income of $1.4 billion and GAAP operating income of $295 million. Generic medicine revenues saw an increase of 5%, with U.S. generics sales up by 10%; generic profitability is up by 41%.

“We are pleased with the results of second quarter 2014, delivering organic growth in revenues and all profit lines over the comparable quarter last year. Our generic business delivered solid results with significantly improved profitability. In our specialty business, we have successfully converted, to date, 51% of the Copaxone family in the United States to the newly launched Copaxone 40mg/mL, and are continuing to stably lead the global and U.S. relapsing remitting multiple sclerosis market. We also are excited about the progress we are making in our specialty pipeline, which includes, this quarter, the successful launch of DuoResp Spiromax in Europe, the progression toward FDA submission for ER hydrocodone and the FDA acceptance of our albuterol MDPI NDA," stated Erez Vigodman, president and CEO of Teva.

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AmerisourceBergen, Good Neighbor Pharmacy kick off annual meeting in Las Vegas

BY Michael Johnsen

LAS VEGAS — Independent community pharmacists, industry insiders and exhibitors on Thursday kicked off the first day of ThoughtSpot 2014, AmerisourceBergen and Good Neighbor Pharmacy’s annual tradeshow.
 
"ThoughtSpot 2014 is Good Neighbor Pharmacy’s annual conference to deliver community pharmacists resources and tools to help their businesses thrive," stated AJ Caffentzis, president, community and specialty pharmacy. “We have a long-standing commitment to independent community pharmacies, and at ThoughtSpot, we will provide them with programs, services and best practices to adapt with the changing healthcare landscape and provide superior service to their customers and communities.”
 
Taking place at the MGM Grand in Las Vegas, ThoughtSpot events include:
 
  • A variety of seminars and continuing education courses on topics including adherence management, pharmacy solutions to CMS Star ratings, pharmacy transitions and investment strategies;
  • Keynote remarks by Robert Irvine, host of Food Network’s Restaurant: Impossible. Irvine will take the stage for a presentation focused on revitalizing locations, controlling inventory and improving business offerings and customer service;
  • Exclusive details for Good Neighbor Pharmacy’s TransPHARMation, an ongoing project to ensure that independent pharmacies maintain their role as a vital source of quality care in their community. TransPHARMation is only beginning, and ThoughtSpot attendees will get a first look at the program;
  • Announcement of the Good Neighbor Pharmacy of the Year Award winner. This award recognizes pharmacies who exemplify what it means to be a Good Neighbor Pharmacy in their commitment to enhancing patient care and lives in local communities. This year’s finalists include Davies Drugs in Canton, Ohio, Deines Pharmacy in Beatrice, Neb., and Harry Race Pharmacy in Sitka, Ark.;
  • A performance by recording artists the Goo Goo Dolls at the closing night party on August 2; and
  • Special presentations and access to AmerisourceBergen’s thought leaders including Steve Collis, CEO; Dave Neu, president, AmerisourceBergen Drug Company; AJ Caffentzis, president, Community & Specialty Pharmacy; and Scott Robinson, VP Good Neighbor Pharmacy.
 
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