05/09/2014 - 2:25pm

A panel of speakers from all facets of health care convened yesterday to discuss the growth of the specialty pharmaceuticals industry during the 10th Annual Specialty Pharmacy Summit & Expo, hosted by Armada Health Care.

05/09/2014 - 2:15pm

Bayer agreed to acquire the consumer care business of U.S. pharmaceutical company Merck for a purchase price of $14.2 billion. The OTC acquisition will give Bayer the global No. 2 position in nonprescription products following recently announced consolidations in this growing healthcare industry segment, and will significantly enhance Bayer’s business across multiple therapeutic categories and geographies. Merck's consumer care business includes such leading brands as Claritin, Coppertone and Dr. Scholl’s. Pro forma sales of the combined businesses in 2013 amounted to $7.4 billion with Merck’s business contributing approximately $2.2 billion.

Upon completion of the acquisition, Bayer is expected to achieve global leadership positions in dermatology and gastrointestinals and advance to the No. 2 position in the cold, allergy, sinus and flu category. Bayer will remain No. 2 in nutritionals and No. 3 in analgesics. Overall, the proposed GlaxoSmithKline-Novartis combination represents the largest consumer health business with about 5.7% share, according to reports. The Bayer/Merck combination comes in second with around 4.5% share. McNeil Consumer rounds out the top three globally with a share just above 4%.

05/09/2014 - 2:13pm

Beauty company Coty has announced that Georgia May Jagger — supermodel and face of both Coty's color cosmetics brand, Rimmel, and fragrance brand Just Cavalli — has accepted an appointment as the first Coty global ambassador in the fight against blood cancer.

05/09/2014 - 2:12pm

Walmart said during an event with President Obama that it will double the number of on-site solar energy projects at its U.S. stores, Sam’s Clubs and distribution centers by 2020.

05/09/2014 - 12:53pm

Food City has reportedly appointed Mickey Blazer to the position of VP of pharmacy operations, according to a local news report.

05/09/2014 - 11:36am

The Food and Drug Administration on Thursday approved Zontivity (vorapaxar) tablets, an anti-platelet agent that's designed to decrease the tendency of platelets to clump together to form a blood clot.

05/09/2014 - 11:26am

Enaltus recently announced three new additions to its line of ScarAway scar removal products.

05/09/2014 - 11:13am

PreMama last week announced the launch of a Target-exclusive: PreMama Complete, a prenatal vitamin formulated for women who are pregnant, breast feeding or trying to conceive.

05/09/2014 - 11:03am

Walgreens may be moving its headquarters, Crain's Chicago Business reported Thursday. However, Walgreens spokesman Michael Polzin signaled the report was speculative.