Watson, Amphastar get go-ahead for generic Lovenox
PARSIPPANY, N.J. — The Food and Drug Administration has approved a generic version of a deep vein thrombosis treatment.
Watson Pharmaceuticals said that Amphastar Pharmaceuticals’ abbreviated new drug application for enoxaparin sodium injection in the 100-mg/mL and 150-mg/mL strengths received approval from the FDA. Enoxaparin sodium injection is the generic equivalent of Sanofi’s Lovenox.
The generic drug development is part of Watson and Amphastar’s exclusive distribution agreement, whereby Amphastar will supply generic Lovenox to Watson, which will market, sell and distribute the product to the U.S. retail pharmacy channel. Additionally, Amphastar will receive between 50% and 55% of Watson’s gross profits on product sales, depending on the number of competitors in the market.
Lovenox and its generic equivalents had total U.S. sales of approximately $2.6 billion, according to IMS Health data.
Fighting fire with fire: ESI, Medco debut ad
WASHINGTON — One day after the National Association of Chain Drug Stores launched a radio ad in the Washington, D.C., market that warned of the potential consequences of the merger between pharmacy benefit managers Express Scripts and Medco, the PBMs have debuted their own ad, which seeks to highlight the benefits of the deal.
The ad, which will be displayed across several publications Tuesday and Wednesday, including Roll Call, CQ, Politico and others, said the deal will drive out wasteful spending, lower costs for consumers, improve health outcomes and increase safety and affordability. "At no time in the history of American healthcare has there been a greater need for innovation," the ad reads. "By working together, Express Scripts and Medco can accelerate their unique abilities to improve patient care. Moving forward as one company, we’ll continue doing what’s right for America."
A congressional hearing pertaining to the merger is expected to be held this week. Earlier this month, the Federal Trade Commission requested additional information on the merger via a "second request."
Family Dollar appoints SVP food
MATTHEWS, N.C. — Family Dollar announced that it has named Trey Johnson to the newly created position of SVP food.
Johnson will report to Dorlisa Flur, EVP and chief merchandising officer.
“Creating an appealing mix of fun and functional merchandise is critical to our mission of being a more compelling place to shop,” Flur said. “Through Trey’s extensive grocery experience, leadership and strategic vision, we intend to further enhance our food business, drive trips and increase customer loyalty in an effort to grow our overall market share.”
Johnson comes to Family Dollar from Sears Holdings, where he created a limited assortment food concept for Kmart. Johnson also led the development of Walmart’s Marketside format as its chief merchandising officer. His extensive grocery experience includes VP and SVP leadership roles with Supervalu, Albertsons and American Food Stores.