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Coty to purchase Southeast Asian distributor

BY Antoinette Alexander

NEW YORK — Coty Inc. has reached an agreement to acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia — Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam — from Isibane Pte. Ltd.

Financial terms of the deal, which is expected to close in the summer, were not disclosed.

"The acquisition of StarAsia provides us with an established distribution platform to sell our mass brands in key developing markets in the Southeast Asia region," stated Michele Scannavini, CEO of Coty. "We are happy to welcome the StarAsia organization into the Coty family, and I am confident that the talented team there will fit in very well at Coty."

The existing management team of StarAsia will continue to lead the development of Coty`s business in the region.


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Walgreens’ Moore, Okla., store closed; mobilizes aid for tornado victims

BY Jason Owen

DEERFIELD, Ill. — Responding to Monday’s devastating tornado in the Oklahoma City area, Walgreens this week mobilized increased shipments of essential supplies to its area stores; made an initial donation of three semi-trailers of food, water and first aid supplies to the Oklahoma chapter of the American Red Cross; and offered customers an opportunity to make donations at its Oklahoma drug stores.

The Walgreens store at 1041 S.W. 19th St. in Moore, Okla., suffered severe damage and is temporarily closed. To serve that area’s pharmacy patients, the company plans to locate a temporary pharmacy trailer at the site as soon as possible, and construction workers will begin rebuilding the store this week so it can be reopened for business.

Walgreens increased shipments of items such as food, water, first aid supplies and tetanus shots to keep store shelves and pharmacies stocked with essentials. The company also worked with the Oklahoma Board of Pharmacy to enact emergency procedures that allow pharmacists to help displaced patients refill prescriptions if they lack documentation or an empty prescription bottle.

“Our hearts, thoughts and prayers go out to the people of Moore and the entire Oklahoma City area who suffered such devastating losses,” said Bill Miller, Walgreens market vice president for Oklahoma. “They include our neighbors, our customers and our employees, and we want to support them in any way we can.”

At Walgreens drug stores throughout the state of Oklahoma, store employees began inviting customers to make point-of-purchase cash donations to the American Red Cross in amounts of $1, $5 and $10.

At least 18 Walgreens employees suffered property losses, ranging from moderate damage to property and automobiles to homes completely lost. Employees who suffered losses can apply for financial assistance to the Walgreens Benefit Fund, which was established by company founder Charles R. Walgreen Sr. after his death in 1939. The Walgreens Benefit Fund is a nonprofit organization devoted to distributing financial assistance to company employees who experience financial difficulties due to circumstances beyond their control, including natural disasters.


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Touro College of Pharmacy graduates present capstone projects

BY Alaric DeArment

NEW YORK — The Touro College of Pharmacy awarded three graduating students for their research into drug interactions, pneumonia treatment and access to birth control pills.

The New York-based college requires its fourth-year students to do year-long capstone research projects that culminate in poster presentations. The school awarded certificates of excellence to three of the students: Hanh Thai, who studied the protein binding of the herbal product rhodiola rosea to determine its safety profile and possible drug interactions; Michelle Friedman, who examined patients in the Brooklyn Hospital Center who developed pneumonia that is resistant to a particular type of antibiotic; and Christina Choi, who researched divergent access to birth control pills among the populations of South Korea and the United States.

"The capstone project enables our students to demonstrate their abilities in ways that are significant and meaningful," founding dean of the college Stuart Feldman said. "They learn to develop research plans, design questions and create experiments to find answers to those questions. They learn how to think about ways their research can make a difference."


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