Valeant Pharmaceuticals licenses Tiazac XC to Actavis
LAVAL, Quebec — Valeant Pharmaceuticals on Monday announced that certain of its subsidiaries have entered into settlement agreements with Actavis related to Actavis’ generic versions of Tiazac XC.
Valeant’s subsidiaries, Valeant Canada and Valeant International Bermuda, and Actavis Pharma Company have entered into an agreement to settle outstanding patent litigation related to Actavis’ generic version of Tiazac XC (diltiazem hydrochloride) 180 mg, 240 mg, 300 mg and 360 mg capsules. Tiazac XC is a calcium cellular influx inhibitor (slow channel blocker) indicated for treatment of hypertension. It is marketed in Canada by Valeant Canada.
Under the terms of the agreement, which is pending approval from the Federal Court of Canada, it will result in a stay of this application until certain events occur and a dismissal of all remaining proceedings and appeals.
Separately, Valeant also granted Actavis license to market generic Acanya gel beginning July 1, 2018.
Report: Shopping online and buying in-store, or ‘webrooming,’ becoming more prominent
BOSTON — Brick-and-mortar operators may be able to take solace in the fact that a growing number of consumers are reverse-showrooming, or ‘webrooming,’ according to a report published Friday by Merchant Warehouse.
‘Webrooming’ is the practice of shopping for something online and buying it in-store. "The popularity of web-based shopping has adversely affected brick-and-mortar stores, but a change in the way consumers make purchases may give traditional retailers a fighting chance," the report noted. "Showrooming, the process of browsing in-store and buying online, is beginning to take the backseat to webrooming. This is the exact opposite of showrooming, and conventional businesses may be able to take advantage of the trend."
Approximately 75% of male shoppers webroom, while 53% choose to showroom. Female buying habits are similar with 63% making in-store purchases after browsing the web and 40% doing the reverse. Additionally, 9 out of 10 showroomers have also webroomed, but only 6 out of 10 webroomers have showroomed.
The amount of webrooming consumers between the ages of 18 and 67 hovers around 70%. Showrooming in this age group varies; shoppers between the ages of 18 and 48 fall near the 50% mark, and 44% of shoppers between ages 49 and 67 choose this option. Only 33% of shoppers in the 68+ category prefer showrooming, while 62% are webroomers.
When shoppers were asked why they would search for items online prior to making a store purchase, the responses varied. Approximately 47% wanted to avoid shipping costs, 23% didn’t want to wait for delivery of the items and 42% wanted to check product availability. Roughly 37% would choose webrooming because it’s easier to return a product to the actual store, and 46% prefer physically feeling an item before making a purchase.
"Providing online order forms, allowing in-store pickup and including product descriptions and availability are easy ways to address these concerns," Merchant Warehouse noted. "Offering savings or coupons to consumers who browse the website but make in-store purchases may expand the actual customer base as well. Retailers should also provide alerts regarding last-chance purchases and inventory restock."
Being able to pay online prices for store-bought products is important to 36% of the consumers.
Norwalk Hospital FastCare to open clinic inside Fairfield, Conn. Stop & Shop
PURCHASE, N.Y. — Grocer Stop & Shop has joined with Norwalk Hospital FastCare to introduce a new in-store health clinic in Fairfield, Conn.
The clinic will have its official opening on May 20 when Stop & Shop management will be joined by Fairfield first selectman Michael Tetreau and Norwalk Hospital VP business development Michael Marks at a ribbon-cutting ceremony.
"For many years our pharmacists have been strong health resources in our stores by providing information and offering flu clinics. This new partnership with Norwalk Hospital FastCare will expand the health and wellness resources we are able to offer to our customers and provide them with an alternative choice for those needing medical treatment," said Arlene Putterman, public and community relations manager, Stop & Shop New York Metro Division. "This concept increases accessibility to health care at a low, set cost and adds value for our customers."