Perrigo acquires Galpharm in $86 million deal
ALLEGAN, Mich. Perrigo Co. on Wednesday announced that it has acquired Galpharm Healthcare for $86 million in cash.
Based in Yorkshire, England, privately-held Galpharm is a leading supplier of over-the-counter store brand pharmaceutical products sold by supermarkets, drug stores and pharmacies in the U.K. The acquisition is expected to add more than $55 million in sales annually and be accretive to earnings in the first year.
“The acquisition of Galpharm further expands our global presence, complements our existing UK business and increases value for our shareholders. It also helps us meet the world’s growing need for quality, affordable healthcare,” stated Perrigo chairman and chief executive officer Joseph Papa.
Web site offers information on flu treatment options
NEWTON SQUARE, Pa. Boiron announced Monday the introduction of www.OscilloInfo.com, a web resource for healthcare practitioners faced with more frequently asked questions about safe treatment options for flu symptoms.
Specifically designed to educate general practitioners, pediatricians, pharmacists, nurses and other healthcare professionals on Oscillococcinum, the new Web site provides a summary of double-blind, placebo-controlled clinical studies, a 5-minute tutorial, and an opportunity to request free product samples.
Portionpals weight loss receives EMA award
NEW YORK The European Manufacturers Association recently named portionpals, an innovative weight loss tool, its 2008 diet product of the year, John Hamberg, portionpals vice president of marketing, reported Tuesday.
In the U.S., Hamberg said, unit sales of portionpals—a set of five translucent cutting-board disks that visually provide consumers with USDA recommended servings for meat, poultry, fish, sides and desserts—have already exceeded 500,000 in the first six months it’s been on the market.
The five-disk set retails for less than $20.
“Although not a diet, the plan is to aid the consumer by giving them a simple guideline that is easily integrated into their overall lifestyle,” stated portionpals founder Paris D’Jon. “Our success has definitely been giving people the opportunity to eat the foods they love and therefore preventing the effect of yo-yo dieting.”