PHARMACY

Pfizer completes Anacor acquisition

BY David Salazar
NEW YORK — Pfizer on Friday announced that it had completed its acquisition of Anacor Pharmaceuticals. Under the terms of the acquisition, every outstanding share of Anacor’s common stock has been converted into the right to receive $99.25 in net cash. 
 
“Now that Anacor is part of Pfizer, we can accelerate our shared commitment to help patients with inflammatory disease, an area of high unmet medical need,” Pfizer group president innovative health Albert Bourla said. “We believe that Pfizer is in a position to quickly capitalize on the benefits offered by the combination with Anacor, including the potential for a near-term U.S. product launch and subsequent commercialization of crisaborole, a differentiated asset with compelling clinical data. If approved, crisaborole has the potential to be an important first-line treatment option for patients with mild-to-moderate atopic dermatitis and the physicians who treat them.”
 
Pfizer said it does not expect the deal to affect its current 2016 financial guidance, and still expects it to be dilutive to earnings per share in 2017, with accretion kicking in in 2018 and increasing in the following years. 
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

NCPA announces dates for ‘Re-Engineering Your Pharmacy Practice Boot Camp’

BY Michael Johnsen

 

ALEXANDRIA, Va. – The National Community Pharmacists Association on Thursday announced a new educational program to empower community pharmacy owners to re-engineer their practices to participate in clinical service opportunities. The Re-Engineering Your Pharmacy Practice Boot Camp, to be held Aug. 12-13 in Alexandria, Va., will feature peer-to-peer learning and best practices from five speakers who have successfully implemented expanded clinical services in community pharmacies.

"The health care market is evolving to a value-based model, and it's more important than ever for community pharmacies to evolve their business model today to be more successful tomorrow," stated Bradley Arthur, NCPA president and co-owner of Black Rock Pharmacy and Brighton-Eggert Pharmacy in Buffalo, N.Y. "I am excited about this new program from NCPA because it will help many pharmacy owners get started with the process of expanding their pharmacy's clinical services and filling gaps in care in their local communities. I encourage pharmacy owners and managers to join us in August for this energetic and in-depth look at how to re-invent your business."

The day-and-a-half-long program will provide 7.5 hours of continuing education credits and cover topics such as optimizing the dispensing process; streamlining workflow and engaging staff; financial considerations for building an expanded services portfolio; how to use technology to document clinical encounters; and developing a brand to launch a new suite of services.

Featured speakers at the program include David D. Pope, chief of innovation at Creative Pharmacist; Joe Moose, co-owner of Moose Pharmacy in Concord, N.C.; Tripp Logan, part owner of L & S Pharmacy, Medical Arts Pharmacy and New Madrid Pharmacy in Missouri; Elaine Ladd, owner of Ladd Family Pharmacy in Boise, Idaho; and Ashley Branham, director of clinical services at Moose Pharmacy.

Boot Camp attendees will also have opportunities for ongoing interaction with the speakers after the program is over through a series of conference calls so they can continue to get advice and feedback while implementing changes in their pharmacy.

The Re-Engineering Your Pharmacy Practice Boot Camp is sponsored by Amneal, IMS Health, and PioneerRx, with additional sponsorship opportunities available, NCPA noted.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

Letters to House Ways and Means Subcommittee underscore pharmacy value

BY Michael Johnsen

WASHINGTON – Reps. Todd Yong, R-Ind., and Ron Kind, D-Wis., issued statements this week to the United States House of Representatives’ Ways and Means Subcommittee on Health in support of pharmacists having a larger role in health care as part of a hearing on legislation to improve and sustain the Medicare program, the American Pharmacists Association reported Thursday.

The Congressmen’s statements add fuel to feedback that the APhA provided to the Ways and Means Subcommittee on Health earlier this month on how to improve and sustain the Medicare program. APhA referred to pharmacists as a valuable, but often overlooked, member of the health care team and strongly urged for support of H.R. 592 and the companion legislation in the Senate, known as S. 314.

Rep. Kind, an original cosponsor of the  Pharmacy and Medically Underserved Areas Enhancement Act (H.R. 592), highlighted the many services pharmacists provide within their scope of practice beyond the safe distribution of medication.

“They conduct health and wellness screenings, manage chronic diseases, provide medication management, facilitate care transitions and administer immunizations,” Kind noted. “This legislation would allow the pharmacists serving medically underserved communities to be reimbursed for the services they provide.”

Similarly, Rep. Young shared his support for H.R. 592 and awareness of the increasingly important role that pharmacists play in the delivery of services, including key roles in new models of care beyond the traditional fee-for-service structure. “In addition to medication adherence services such as medication therapy management, pharmacists are capable of providing many other cost-saving services, subject to state scope of practice laws, including health tests, helping to manage chronic conditions such as diabetes and heart disease and expanded immunization services,” he said.

Young added that the “lack of pharmacist recognition as a provider by third party payors, including Medicare and Medicaid, limits the number and types of services pharmacists can provide, even though fully qualified to do so. H.R. 592 will allow Medicare Part B to utilize pharmacists to their full capability.”

Congressman Young closed his letter with a key message: “This legislation would lead not only to reduced overall healthcare costs, but also to increased access to healthcare services and improved healthcare quality.”

“We are thankful that Representatives Young and Kind took the time to write statements in  support for the roles that pharmacists play on the health care team,” stated Thomas Menighan, APhA EVP and CEO. “Millions of Americans lack access to health care and with nearly 86% of Americans living within five miles of a pharmacy, pharmacists are well positioned to help improve patient access and quality while decreasing costs.”
 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?