Bristol-Myers Squibb, AstraZeneca expand diabetes deal
PRINCETON, N.J. — AstraZeneca paid $3.2 billion to Amylin Pharmaceuticals Thursday following the latter’s acquisition by Bristol-Myers Squibb, AstraZeneca and Bristol said.
The payment was made as part of the expansion of a deal between the drug manufacturers made in 2007 to develop diabetes drugs. Bristol announced Wednesday that it had completed its acquisition of Amylin, making the San Diego-based drug maker a wholly owned subsidiary.
AstraZeneca also said that pending regulatory approval, it would exercise certain rights over Amylin’s portfolio that it was granted as part of the deal with Bristol, paying Bristol $135 million once it is cleared to do so.
Bartell Drugs to move headquarters
SEATTLE — Bartell Drugs is moving its headquarters, the Seattle-based retail pharmacy chain said Thursday.
Bartell’s, which operates 58 stores in and around Washington state’s largest city, said it would move its headquarters to the West Seattle Corporate Center in October. Its present headquarters is in Georgetown, a neighborhood south of downtown Seattle. The new, 32,000-sq.-ft. headquarters was built in 1991 as the headquarters for Services Group of America.
"We’re excited about the move and the built-in advantages it will provide for nearly 100 employees and visiting vendors," vice chairman and treasurer Jean Bartell Barber said, citing fiber-optic capabilities, convenient parking, easy access to major arterials and mass transit, and nearby amenities.
FaceLube Automotive supports U.S. Olympic men’s water polo team
LOS ANGELES — FaceLube Automotive, the exclusive distributor of the FaceLube and VO Victor Ortiz men’s anti-aging skin care lines, is supporting the U.S. Olympic men’s water polo team to the 2012 London Olympics by helping to protect the athletes against premature signs of aging from prolonged exposure to the sun and pool water chemicals.
The FaceLube product chosen for the athletes is the FaceLube Premium kit, from the FaceLube Premier Collection. Made in the United States, the FaceLube Premier Collection combines natural super-botanicals and science-based anti-aging active ingredients for visible and sustainable results.
The FaceLube Premium men’s anti-aging kit includes a set of active ingredients that mimic the cosmetic effects of the botulinum toxin, without the disadvantages and downtime of visits to a cosmetic surgeon’s office, the company stated. The product line is formulated without sulfates, parabens, dyes, fragrances, silicones or controversial chemicals.
FaceLube kits currently retail from $45 to $245, while individual products starts at $10.
Water polo was the first Olympic team sport added to the Olympic program, with the men winning gold at 1904 Olympics. The U.S. Olympic men’s water polo team is also the U.S. national water polo team, which represents the United States at international men’s water polo competitions leading up to the Olympics. The team competed at the 2008 Summer Olympics, where they won silver medal in the final.