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Abbott completes acquisition of Facet Biotech

BY Alaric DeArment

ABBOTT PARK, Ill. Abbott has finished its $450 million acquisition of Facet Biotech, the drug maker said Wednesday, saying the deal would beef up its pipeline of drugs for autoimmune disorders and cancer.

Facet’s drugs include daclizumab, a monoclonal antibody for treating multiple sclerosis in mid-stage clinical development and expected to enter late-stage development in second quarter 2010, and drugs for such cancers as multiple myeloma and chronic lymphocytic leukemia in early- and mid-stage development.

“Facet’s depth of biologics experience and sophisticated antibody engineering platforms complement Abbott’s current R&D programs in oncology, immunology and other therapeutic areas,” Abbott SVP global pharmaceutical research and development John Leonard said.

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Former Rite Aid VP joins A&P

BY Michael Johnsen

MONTVALE, N.J. Grocer A&P on Tuesday named Mark Kramer its new SVP operations, following the departure of Paul Wiseman.

“[Kramer’s] comprehensive background and strategic skill set will undoubtedly put our operations team on the path forward to our successful turn around,” stated Ron Marshall, A&P president and CEO.

Prior to taking the position at A&P, Kramer was the regional VP operations for Rite Aid. He also brings a significant amount of experience in grocery retail operations including achieving roles of increasing responsibility in Pathmark before its sale to A&P.

Kramer received a B.A. from Seton Hall University as well as certification from the Cornell Executive Development Program.

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PaperMate launches biodegradable products

BY Allison Cerra

OAK BROOK, Ill. Writing instrument maker PaperMate is going green.

The new Paper Mate Biodegradable products are the latest step in Paper Mate’s ongoing commitment to the environment. Paper Mate also offers an existing line of products made from recycled sources, and recently introduced an innovative new upcycling program to find new ways to repurpose otherwise throwaway writing instruments.

“When you write with a Paper Mate Biodegradable pen or pencil, you can do your part to help protect our planet,” said Kanan Banerjee, director of marketing for Paper Mate.”Paper Mate Biodegradable pens and pencils make going green simple, easy and affordable.”

The Paper Mate Biodegradable pen comes in black, blue, red or purple ink and retails for about $1.70. The mechanical pencil is available in 0.5mm or 0.7mm lead sizes and retails for about $2.70. Both are available wherever Paper Mate office products are sold.

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