PHARMACY

U. of Penn., FDA partner to analyze approval process

BY Alaric DeArment

WASHINGTON The Food and Drug Administration and the University of Pennsylvania plan to cooperate on research to advance development of medical products and the regulatory approval process, under a memorandum of understanding that they have signed.

The FDA hopes the memorandum will help by increasing the number of experts it is seeking as part of its hiring initiative.

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PHARMACY

Care Pharmacies joins NCPA

BY Michael Johnsen

ALEXANDRIA, Va. Care Pharmacies on Wednesday announced that the franchise network of more than 50 independent pharmacies joined the National Community Pharmacists Association.

“As an advocate for our cause, NCPA is one of our biggest allies, and as they support us, we should support them,” stated Care chief executive officer Gerry Crocker.

Care and NCPA has shared office space since February, when the franchisor relocated its offices to the NCPA headquarter building as part of its planned expansion efforts.

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Bayer to acquire Direvo Biotech for $300 million

BY Alaric DeArment

NEW YORK Bayer has announced that it will buy a German biotech company for almost $300 million.

Bayer said in a statement that the deal to buy Direvo Biotech would likely be done at the end of the month.

The acquisition will help Bayer’s efforts to develop biologic drugs, including antibodies.

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