HEALTH

The Apothecary Shops earns spot on Inc.’s fastest-growing private companies list

BY Alaric DeArment

PHOENIX Diplomat Specialty Pharmacy isn’t the only one to earn a spot on Inc. magazine’s list of the fastest-growing private companies.

The Inc. 5000 also listed specialty pharmacy The Apothecary Shops, ranking 2,394. That marked a jump of 322 spots from last year and 1,682 spots from 2008 in its fourth annual appearance on the list.

Drug Store News reported Thursday on Diplomat’s inclusion on the list.

“It’s no secret that we have undertaken a very aggressive growth strategy for The Apothecary Shops, but our approach, particularly in a down economy, has been targeted and strategic to be in a solid position to leverage that growth when the economy turns,” The Apothecary Shops president Keith Cook said. “Our movement on the Inc. 5000 list of fastest-growing companies reflects the success of our strategic direction.”

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Abbott acquires Piramal’s Healthcare Solutions business

BY Alaric DeArment

ABBOTT PARK, Ill. Abbott has gained a foothold in the Indian drug market through its acquisition of the Healthcare Solutions business from Piramal, Abbott said.

 

Abbott announced Wednesday that it had completed its acquisition of the business, saying it would further accelerate its growth in emerging markets, which currently account for more than 20% of its sales. The company expects its pharmaceutical sales in India to be more than $2.5 billion by 2020.

 

 

“The acquisition of Piramal’s Healthcare Solutions business further strengthens Abbott’s growing presence in emerging markets,” Abbott chairman and CEO Miles White said. “Piramal’s portfolio of well-known, trusted products has served patients in India for decades.”

 

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N.C. law enforcement seeks access to pharmacy records to curb Rx abuse

BY Alaric DeArment

RALEIGH, N.C. Residents in North Carolina prescribed controlled substances could receive some attention from more than their physicians and pharmacists, according to published reports.

 

The Raleigh, N.C., News & Observer reported Wednesday that the state sheriff’s association wants law enforcement to have access to computer records of patients prescribed such controlled substances as Purdue Pharma’s OxyContin (oxycodone) and Sanofi-Aventis’ Ambien (zolpidem tartrate). The association argued in favor of the idea Tuesday before a healthcare committee of the state legislature.

 

 

The sheriffs said gaining access to the records would enable them to combat abuse of prescription drugs. Groups, such as the American Civil Liberties Union, have opposed such efforts in the past, citing concerns over patient privacy.

 

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