Report: Fifth dietary supplement trade association in the works
BOULDER, Colo. — A fifth dietary supplement trade association may be in the early formulation stages, specifically designed to address the Food and Drug Administration’s recent issues of New Dietary Ingredient guidance, according to a Nutrition Business Journal report published Wednesday.
According to the report, Jarrow Rogovin, Jarrow Formulas president, announced his plan to found the Dietary Supplements Manufacturers and Marketers Association during a meeting at the Natural Products Expo East last week in Baltimore. Rogorvin has hired attorneys to set up a Delaware-based non-profit and made an appeal to meeting attendees for at least 10 companies to sign up at a cost of $20,000.
Rogovin’s first order of business would be to call for the resignation of Daniel Fabricant, head of the FDA’s Division of Dietary Supplement Programs, suggesting a conflict of interest exists out of his prior tenure as VP scientific and regulatory affairs for the Natural Products Association.
For NBJ‘s take on the proposed association, click here.
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Takeda completes Nycomed acquisition
OSAKA, Japan — Drug maker Takeda has completed its acquisition of another drug maker.
Takeda said that the deal, valued at $13 billion, is in line with the company’s 2011-2013 mid-range plan, and that Nycomed’s significant business infrastructure in Europe and high-growth emerging markets will enhance Takeda’s regulatory development expertise and commercialization capability.
In line with the acquisition, Takeda announced has named a new CEO for Nycomed. Frank Morich will lead Nycomed and also will continue to serve in his current role as EVP international operations of America/Europe at Takeda Pharmaceuticals International, which is a wholly-owned subsidiary of Takeda America Holdings.
"I look forward to bringing Takeda and Nycomed together to ensure we can achieve enhanced revenue, growth and diversification, while maintaining the strong momentum of both companies," Morich said. "The combined company significantly broadens our coverage of the global pharmaceutical market to more than 70 countries, increasing our global [prescription] sales ranking to 12th and further strengthening our position in the industry."
Stop & Shop opens third store in Cranston, R.I.
QUINCY, Mass. — Stop & Shop is opening the doors of its third store in Cranston, R.I., this weekend, the supermarket chain announced Friday.
"We value the relationship we have with our Cranston area customers and community partners and are pleased to open another store to help further serve the community," Stop & Shop New England division president Mark McGowan said.
The new store, which will pursue LEED certification in the coming months, was built with a range of energy-efficient features including:
New DuctSox (fabric duct) ventilation system — a first of its kind use for Stop & Shop — to provide more uniform airflow;
ECM motors in the refrigerated fixtures and walk-in coolers;
Low-mercury energy efficient T5 HO fluorescent light fixtures with occupancy sensors in the storage areas and offices;
LED lights for accent lighting (also in the refrigerated display cases and interior/exterior signage);
An energy management system to monitor the performance of the lighting, refrigeration, and HVAC systems; and
Low flow fixtures in the bathrooms and prep areas to reduce water consumption.