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Pharmaca weathers record Colorado flooding

BY Michael Johnsen

BOULDER, Colo. — As the city of Boulder, Colo., continues to clean up from last weekend’s record-setting rainfall and subsequent flooding, pharmacists and employees of Pharmaca Integrative Pharmacy based here made it into work to maintain continuity of prescription medicines for area residents. 

A total of 14.62 inches of rain fell from the afternoon of Sept. 9 through Sept. 13 in Colorado. Boulder was one of the hardest areas hit by the storm. 

"All three stores remained open throughout the ordeal," Mark Panzer, Pharmaca president and CEO, reported to DSN via email Monday. "The store teams did an outstanding job of making it to the stores to serve the patients and customers," he said. 

According to the Boulder Office of Emergency Management, a total of 28 commercial structures were damaged by the flood waters and one was destroyed. However, the three Pharmaca locations in the area were not damaged. "We were lucky since our stores were up higher than the Boulder Creek bed," Panzer said. "So we experienced minimal flooding at store and office locations."

On Sunday, federal officials issued presidential emergency disaster declarations for 15 Colorado counties, including Boulder, according to a Los Angeles Times report. 

According to the Western Regional Climate Center, the previous all-time record rainfall for any calendar day in Boulder was 4.8 inches on July 31, 1919. The average annual precipitation in Denver, including rain and melted snow, is 14.92 inches.


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Shoppers Drug Mart receives court approval for Loblaw deal

BY Antoinette Alexander

TORONTO — The Ontario Superior Court of Justice has approved Loblaw’s acquisition of Shoppers Drug Mart, Shoppers Drug Mart announced on Monday.

Completion of the arrangement remains conditional on compliance with the Competition Act and certain other closing conditions customary in transactions of this nature. The transaction is expected to be completed before the end of first quarter 2014.

As previously reported, Loblaw and Shoppers Drug Mart announced on July 15 the definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.
 


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FDA approves Sun ulcer drug

BY Alaric DeArment

MUMBAI, India — The Food and Drug Administration has approved a drug made by Sun Pharmaceutical Industries for ulcers, Sun said.

Sun announced the approval of lansoprazole delayed-release capsules in the 15-mg and 30-mg strengths.

The drug is a generic version of Takeda’s Prevacid delayed-release capsules, which are used for treatment lasting up to four weeks for healing and symptom relief of active duodenal ulcers.

Various versions of the drug have annual sales of about $430 million per year, according to Sun.

 

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