HEALTH

Perrigo ships first-to-market store-brand Nexium 24HR

BY David Salazar

DUBLIN — Perrigo has begun shipping its over-the-counter store-brand Nexium 24HR capsules, the company announced Tuesday, noting that it was first-to-market with the heartburn treatment equivalent.

"This first to market launch for the store-brand marketplace is another example of the tremendous capabilities of our leading store brand OTC platform,” Perrigo EVP and president consumer healthcare Americas Jeff Needham said. “We remain committed to providing innovative OTC products that meet our customers' needs, while serving consumers and patients with high-quality, value alternatives that lower the cost of healthcare. We are excited about the excellent collaboration with our retail customers in launching this key new store-brand product.”

The drug had retail sales of more than $300 million for the past 12 months, the company said.

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Oska Wellness adds two execs to C-suite, including COO and CFO

BY Michael Johnsen

CARLSBAD, Calif. — Oska Wellness on Tuesday announced two key additions to its executive leadership team with the hiring of Mike Regan as COO and Gary Acord as CFO.

"I'm delighted to announce that Mike and Gary are joining our team," stated Greg Houlgate, CEO/president Oska Wellness. "We're building great momentum here at Oska Wellness.  Mike and Gary bring deep leadership experience at a time when we're focusing on its next phase of growth. This is an exciting time for the company."

Mike Regan, COORegan will oversee the procurement, manufacturing and fulfillment of the supply chain, as well as customer service and information systems.  Regan is an executive with more than 35 years of experience in private and public software companies. He has a broad operational expertise in customer training and support, information technology, product development and professional services.

Regan has played a key role in helping such companies as Sybase, KACE Networks and Alteryx, expand their global footprint in the EMEA and Asia Pacific regions.

"I'm thrilled to join the Oska team and lead the operating efforts for this revolutionary brand," Regan said. "Oska has had an incredible impact on the lives of many living with pain every day. I'm confident that we can extend our brand reach and help people return to an active lifestyle without the use of drugs or other invasive techniques."

Acord was most recently at Alteryx, where he served as CFO for five years. He previously held a variety of strategic and finance leadership positions with a number of companies, including KACE Networks, MusicMatch and SalesLogix.

Oska introduced Oska Pulse in 2016, a small, portable, hands-free wearable device that relieves pain, muscle stiffness and inflammation.
 

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Frost & Sullivan awards Omron the 2017 North America New Product Innovation Award

BY Michael Johnsen

SANTA CLARA, Calif. — Based on its recent analysis of the home pain management industry, Frost & Sullivan last week recognized Omron Healthcare with the 2017 North America New Product Innovation Award. In line with the growing awareness of the opioid epidemic, Omron Healthcare created its new Heat Pain Pro TENS Unit — the first device on the market that combines TENS technology and heat, which is a combination used by physical therapists to maximize therapy effectiveness.

“The increased focus on the opioid epidemic will shift pain management solutions toward a device-centric focus to alleviate opioid dependence," suggested Swarna Sundar, research analyst, Frost & Sullivan. "As a result, companies with systems demonstrating effective solutions that minimize opioid dependence are well-positioned for rapid growth.”

The product has multiple modes and intensity levels, empowering users to tailor their pain relief based on their specific needs. And Omron’s advanced Heat Pain ProTENS Unit integrates a heating component because it aids in pain management and end users understand its effectiveness. Furthermore, by providing heat and TENS in a single unit, customers do not have to purchase multiple solutions to achieve pain relief.

“The system’s overall cost provides long-term value to its customers, considering the system is versatile and easy-to-use, delivers high TENS power for pain relief, and has a long lifespan," Sundar added. "Omron plans to conduct a study to demonstrate the savings that users experience leveraging Omron TENS devices and pads compared to the competitive offerings.”

“Millions of Americans suffer from daily pain. Whether they are experiencing back pain, aching knees, joint pain or chronic discomfort, people are looking for safer, more effective pain management options,” commented Carol Lucarelli, director of marketing and product development for Omron Healthcare. “Increased awareness of the potential dangers of opioids and prescription pain killers is driving more consumer interest in pain management options. The Omron HEAT Pain Pro is a safe, effective, accessible drug-free choice.”

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
 

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