SDM acquires seven Centre d’Escomptes Racine in Quebec
TORONTO Shoppers Drug Mart on Tuesday announced that Pharmaprix, its wholly-owned subsidiary, in conjunction with a licensed pharmacist, has acquired seven Centre d’Escomptes Racine stores, a pharmacy chain in the Quebec marketplace.
Prior to the acquisition, Pharmaprix had two stores in the Quebec region, the seventh largest census metropolitan area in Canada. The location and size of these newly acquired assets compliments Pharmaprix’s growth strategy and is consistent with its focus on adding high quality, large-format stores, the company stated.
A new clinical data recently showed that patients with uncontrolled Type 2 diabetes treated with metformin were four times more likely to achieve recommended blood sugar control levels by adding Galvus to their treatment compared to those who took a place
BASEL, Switzerland New clinical data recently showed that patients with uncontrolled Type 2 diabetes treated with metformin were four times more likely to achieve recommended blood sugar control levels by adding Galvus to their treatment compared to those who took a placebo, according to Novartis.
Galvus was approved last year by the Food and Drug Administration. The drug is a member of a new class of diabetes medicines called DPP-4 inhibitors, which also includes the drug Januvia, made by Merck.
FDA bill currently in consideration to regulate prescription drug advertising
WASHINGTON A new user fee program for Direct-To-Consumer broadcast ads will soon be put into law as part of a Food and Drug Administration bill working its way through Congress.
As a result, sponsors will soon have to tell the FDA how many of these ads it expects to submit for pre-view during the fiscal year 2008. Otherwise, you can be charged 50 percent for late penalty fees or lose your payment if you underestimate the number of ads you’ll run.
The FDA will be given power to determine what is acceptable and what is not, so it will be the job of the sponsors to conform to the FDA’s requirements to avoid those extra fees. The ads could be priced anywhere from $62,500 to $83,000, depending on how much money the FDA will need to keep the program going.