3M, Beiersdorf announce 3M’s acquisition of Futuro health support line
ST. PAUL, Minn. 3M and Beiersdorf on Monday announced that 3M has entered into a definitive agreement to acquire the Futuro health supports and compression hosiery product line from Beiersdorf.
Terms of the transaction were not disclosed.
“The Futuro product line brings an established, branded consumer platform to 3M’s existing consumer businesses and will expand our offering in the U.S., Australia, Europe and Asia,” said Gabi Sabongi, vice president of consumer health care, new business ventures, and research and development for 3M Consumer and Office Business.
The Futuro brand is expected to complement 3M’s line of first aid products that are sold under its Nexcare banner.
“3M’s technology, innovation and expertise will help us to grow and expand the Futuro brand and range of products,” Sabongi said.
“[For Beiersdorf], this sale allows us to continue our strategy of focusing on our core business of skin and beauty care,” said Thomas Quaas, Beiersdorf chairman. “Our goal is to clearly develop our Nivea and Eucerin brands in the U.S. market, while finding the right strategic framework for Futuro. With this transaction new opportunities are opened up for the Futuro business, and it is an excellent conclusion for all involved.”
Kirby Lester completes sale of pill-counting machines to supplier in Iraq
LAKE FOREST , Ill. Kirby Lester announced Thursday that it had sold several of its KL 15df pill-counting machines to Najmat Burgan, a medical and hospital goods supplier based in Kuwait City.
The company said the recent sale was part of its growing international presence. In the past three months, it has sold its devices to clients in Saudi Arabia, Botswana, Greece, Honduras and others, bringing its total number of customers to more than 30,000.
“When you consider all of the different medications, dispensing methods and manufacturing practices across the globe, only Kirby Lester can address the needs of all customers as well as deliver absolute counting accuracy,” Kirby Lester vice president for business development Christopher Thomsen said in a statement. “No other pharmacy technology has such broad appeal, bridges all of these differences and provides a universal solution.”
Waxman voted House chairman of the Committee on Energy and Commerce
WASHINGTON Rep. Henry Waxman, D-Calif., on Thursday was voted in as chairman of the Committee on Energy and Commerce for the House of Representatives, which oversees all legislation surrounding health and health services, including food and drug.
“I am honored by the vote of the Democratic Caucus,” Waxman stated. “We are at a unique moment and have an opportunity that comes only once in a generation. I will work with all parts of our Caucus and across the aisle to deliver the change that the American public expects us to deliver.”
“Some of the most important challenges we face—energy, climate change and health—are under the jurisdiction of the Commerce Committee,” Waxman wrote earlier this month in a statement explaining his pursuit of the Commerce Committee Chair. “In large measure, our success as Congress will depend on how the Commerce Committee performs. Enacting comprehensive energy, climate and health care reform will not be easy. But my record shows that I have the skill and ability to build consensus and deliver legislation that improves the lives of all Americans.”
Waxman helped engineer the generics industry as co-author of the Hatch-Waxman Act, which promotes generics while leaving in tact a financial incentive the research and development of branded pharmaceuticals. And while Waxman may be a fan of the generics industry, he has not in the past supported dietary supplements. Waxman has repeatedly called for greater regulation of dietary supplements and has proposed revisiting the Dietary Supplement Health and Education Act, which governs how supplements are regulated.
However, outgoing chairman Rep. John Dingell, D-Mich., was also critical of the dietary supplement industry, having in the past partnered with Waxman on several pieces of legislation regarding regulation of dietary supplements.