HEALTH

The Carlyle Group completes NBTY acquisition

BY Michael Johnsen

NEW YORK Global alternative asset manager The Carlyle Group and NBTY on Monday announced that Carlyle has completed its $4 billion acquisition of NBTY.

Pursuant to the terms of the merger agreement, NBTY’s stockholders are entitled to receive $55 in cash, without interest, less any applicable withholding taxes, for each share of NBTY common stock owned by them.

As a result of the merger, NBTY’s common stock no longer will be listed for trading on the New York Stock Exchange.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

HEALTH

FDA tentatively approves generic Crestor

BY Alaric DeArment

MUMBAI, India The Food and Drug Administration has given tentative approval to a generic cholesterol drug made by Sun Pharmaceutical Industries.

Sun announced Wednesday the tentative approval of rosuvastatin calcium tablets in the 5-mg, 10-mg, 20-mg and 40-mg strengths.

The drug is a generic version of AstraZeneca’s Crestor, which had annual sales of around $3.4 billion in the United States, according to Sun. Sun did not disclose when it would begin marketing its version of the drug, though Crestor will lose patent protection for use in adults in December 2021, according to FDA data.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

HEALTH

Walgreens kicks off nationwide safe medication-disposal program

BY Allison Cerra

DEERFIELD, Ill. Walgreens has teamed up with Sharps Compliance to launch the drug store chain’s first-ever safe medication-disposal program.

Walgreens said the program is designed to protect public safety, as well as ease the concern of parents that fear children and teens can access unused medications at home. The company has kicked off this program with the help of Sharps Compliance, a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications, which estimated that more than 200 million lbs. of unused dispensed medications are disposed of improperly each year.

How it works: For $2.99, customers can purchase a specially designed envelope — postage cost included — available at any Walgreens pharmacy counter that allows them to place, seal and mail prescription or over-the-counter medications they no longer use for safe, eco-friendly disposal. Controlled substances are excluded from the program, Walgreens said.

“In thousands of communities, Walgreens serves as the most accessible source of everyday health information,” said Walgreens VP pharmacy operations Richard Ashworth. “That makes us a natural choice for guidance on anything involving medications, including proper disposal. Through this program, we can do our part to keep expired or unused medications out of waterways and out of the hands of those who could be accidentally harmed.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES