Perrigo and Flamel partner on bringing new OTC format to market
DUBLIN – Perrigo and Flamel Technologies announced Monday that they have entered into an exclusive licensing agreement for LiquiTime extended release suspension. The technology will be utilized in the development of a portfolio of extended release suspension products intended for the U.S. OTC marketplace.
"LiquiTime refers to an extended release liquid suspension suitable for 12-hour to 24-hour dosing depending upon the application," Flamel CEO Mike Anderson told analysts in August. "We believe LiquiTime will be very attractive to consumers in the OTC market, particularly when compared to liquids that are immediate release and typically have to be dosed every 4 hours to 6 hours," he said.
Development activities for the LiquiTime pipeline include a pivotal trial for LiquiTime ibuprofen in the second half of 2015 and for guaifenesin in the first half of 2016. "Although LiquiTime ibuprofen and LiquiTime guaifenesin can be used as monotherapies, the largest market opportunity in the OTC area exist with cough-cold products that are combinations of expectorants, decongestants, antihistamines, analgesics and cough suppressants," Anderson said.
"This partnership with Flamel on their innovative LiquiTime technology demonstrates our continued focus on the 'Base Plus Plus Plus' strategy," noted Joseph Papa, Perrigo chairman and CEO. During Perrigo's latest conference call with analysts, Papa explained that Perrigo's Base Plus Plus Plus business model endeavors to grow the base business by 5% to 10% while employing Perrigo's expanding platform to drive additional opportunities.
Mission-driven first-aid product reaches Whole Foods shoppers first
BOULDER, Colo. — Help2Heal, an innovative first aid company that's trading on the socially responsible option in the first aid category with its “buy one, give one” model, announced the exclusive launch of its adhesive bandage product line in Whole Foods Market throughout the Denver/Boulder metro region.
“Help2Heal is changing the conversation from ‘me to we’ for parents and children all over America, as an owie is now an opportunity to help someone else,” said Rob Israel, founder of Help2Heal, along with his son Mason and wife Renée. “With our ‘buy one, give one’ model, we can help those who need first aid products the most.”
Inspired by Mason, an entrepreneurial nine-year-old who brings first aid supplies to school every day to help friends who get hurt, Help2Heal’s inaugural product line includes 20-unit boxes of sterile, non-latex, adhesive bandages, as well as an 8-unit travel pack. For every adhesive bandage customers buy, Help2Heal donates one to resource-limited communities around the world through its partnership with Project C.U.R.E.
Drug Store News identified Help2Heal as one of the top products featured at this year's National Association of Chain Drug Stores' Total Store Expo conference given the propensity for millennial shoppers to gravitate toward products with a good, philantrhopic story to tell.
“Project C.U.R.E. is thrilled to partner with Help2Heal in caring for kids and families in need around the world,” stated Douglas Jackson, president and CEO of Project C.U.R.E. “Something as simple as a sterile bandage can make the difference between healing and a life threatening infection. This program is a much needed addition to help us continue our work in touching lives all over the world in a very tangible way."
Help2Heal also said Monday it donated 100,000 adhesive bandages in advance of future sales to Project C.U.R.E. (Commission on Urgent Relief and Equipment), a Denver based non-profit delivering health and hope to the world with mission-critical first aid supplies through programs such as Kits for Kids and C.U.R.E. Cargo.
Deloitte explores consumer mindset around health and tech
NEW YORK – An escalating number of consumers are turning to technology to drive their health solutions, the Deloitte Center for Health Solutions reported Monday. Almost one-third of consumers who are managing major chronic conditions, like diabetes, used technology to access, store and transmit health records in the last year, as compared to 19% in 2013. Overall, 22% of consumers who are enabling their health management through technology in 2015 vs. 13% two years ago.
"Health care is becoming more digitized and consumer oriented," said Greg Scott, principal, Deloitte Consulting, and vice chairman and national sector leader for the health plans practice. "It's not an overnight change, but more like how summer turns into fall – gradual yet very perceptible."
Deloitte's report also found that 16% of respondents who needed care went online for cost information, up from 11% in 2013. Millennials in this group increased the most, 27% versus 17%. Further, 71% of all those surveyed said they have not gone online for cost information but are "very" or "somewhat" likely to use a pricing tool in the future.
When it comes to judging quality, 25% of all respondents used a scorecard to compare the performance of doctors, hospitals and/or health plans, up from 19% in 2013. The rate was highest in the youngest cohort, with 49% of millennials who received care in the last year using a scorecard compared to 31% in 2013.
The specter of a more customer-driven industry is causing many health companies to transform into retail-focused organizations, said Scott, impacting everything from strategy and scale to operations and human capital. "For the enterprise, this is about more than a cool app – this is about making the end-to-end changes needed to better identify and engage a more empowered purchaser."
The report identifies six consumer types emerging in today's market and quantifies their size – a framework that can help companies pursue customer-segmentation strategies. The "casual and cautious" make up 34% of the surveyed market, followed by the "content and compliant" at 22%, the "online and onboard" at 19%, "sick and savvy" at 11%, "out and about" at 8% and "shop and save" at 6%. The report gives depth on each segment's approach to health care.
"Not all consumers are alike in how they engage the system, and a large segment still remains disengaged," said Harry Greenspun, director of the Deloitte Center for Health Solutions. "Companies likely won't take a one-size-fits-all approach in their marketing and operations, but a tailored strategy that considers the unique characteristics of the segments they are most interested in."
Respondents most trust physician groups/medical practices/doctor's offices as a reliable source of information on treatments, with 49% giving this category a high rating. However, the scores for health insurance and life sciences companies have doubled since 2010. Specifically, 21% gave health plans a high rating, compared to 10% in 2010, while 18% gave life sciences companies a high rating, compared to 95 in 2010.
"It's not just the hospitals and doctors who are striving to get closer to the patient – it's the entire industry," said Sarah Thomas, director of research at the Center. "The post-ACA rise of the individual market and the need for health organizations to demonstrate value are putting the patient at the center of the health ecosystem."
In other findings:
- 28% of respondents have used technology to measure fitness and health goals, up from 17% in 2013;
- 23% have used technology to monitor a health issue, versus 15% in 2013;
- 40% of the surveyed technology users have shared their fitness or monitoring information with their doctor;
- 63% of the surveyed technology users say their use of fitness or monitoring technologies has led to a significant behavior change;
- 13% of respondents who take prescription drugs receive electronic alerts or reminders and more than half express interest in using technology to prompt them to take their medication;
- Rates of conferring with doctors via email, texting or video have doubled in the last two years, suggesting digital communication between consumers and providers may continue trending upward; and
- 48% of respondents prefer to partner with doctors rather than have them make decisions for them, up from 405 in 2008, and 34% strongly believe doctors should encourage patients to raise questions. However, only 16% of respondents who received care report asking their doctor to consider treatment options other than the one initially recommended.
Loading Post Please Wait...