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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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NACDS’ Anderson: Pharmacies’ trust ‘shines through again’ with ACA

BY Antoinette Alexander

ALEXANDRIA, Va. — “Pharmacies’ efforts to help patients understand aspects of the Patient Protection and Affordable Care Act are demonstrating yet again the value of pharmacies as the face of neighborhood healthcare.” That was a key message that National Association of Chain Drug Stores president and CEO Steve Anderson expressed in a recent opinion piece.

In the piece, dated Sept. 13, Anderson discusses how pharmacies are being responsive to patients who are asking questions about what the Affordable Care Act means for them. Recognizing the trust that patients place in their pharmacies with regard to the implementation of the Affordable Care Act, chain pharmacies are helping patients understand the law.

“In the implementation of both the ACA (enacted with a Democratic president in the White House) and Medicare Part D (enacted with a Republican president in the White House), pharmacies did what they have done for generations — served as a trusted resource for the patients they serve,” Anderson wrote.

To read the entire opinion piece, click here.
 


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