PHARMACY

CSPN, Dara BioSciences enter distribution contract for breast cancer drug

BY Alaric DeArment

DREXEL HILL, Pa. — The Community Specialty Pharmacy Network has entered a contract with Dara BioSciences to distribute a nonsteroidal anti-estrogen product.

CSPN announced the agreement with Dara to distribute Soltamox (tamoxifen) solution for oral administration. The drug, a treatment for breast cancer, is for patients who have difficulty swallowing pills.

"Compliance and adherence to prescribed tamoxifen therapy is a critical issue in patient care and may affect treatment outcomes," Dara BioSciences VP sales, marketing and business development David Benharris said. "Soltamox provides a unique treatment option for those patients with swallowing difficulties or who simply prefer an oral liquid over tablet or pills."


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PHARMACY

MediSafe Project launches cloud-synced medication-reminder app

BY Alaric DeArment

HAIFA, Israel — MediSafe Project has launched what it called the first cloud-synced mobile app to help prevent emergencies caused by over- or under-dosing medications.

The app, which is available for Android devices and compatible with iPhones and iPads, is designed to remind users when it’s time to take medications and also send alerts to family members, friends and caretakers.

Brothers Rotem and Omri Shor started the MediSafe Project as a way to lower hospitalization and mortality rates, promote sustainable behavior changes that prolong health, decrease healthcare costs and help drug companies understand barriers to medication compliance. The inspiration came from their diabetic father’s accidental double dose of insulin.

"Am American dies every 19 minutes from skipping medication or taking meeds incorrectly — the problem costs U.S. hospitals $100 billion every year," Omri Shor, the MediSafe Project’s CEO, said. "MediSafe Project combats the staggering problem of medication non-compliance using everyday technology and the power of support systems to integrate healthier behaviors into patients’ lives."


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Retail sales down slightly in October, but increase on year-over-year basis

BY Alaric DeArment

WASHINGTON — Retail sales were down slightly in October on a month-to-month basis while increasing on an annual basis, reflecting Hurricane Sandy and uncertainty in Washington, according to the National Retail Federation.

The retailing trade group said Wednesday that October retail sales — with exception to automobiles, gas stations and restaurants — decreased 0.3% seasonally adjusted from September while increasing nearly 4% unadjusted year over year.

"While Hurricane Sandy certainly impacted consumer spending in the Northeast and Mid-Atlantic states, the larger threat to the overall economy is the impending fiscal cliff, which impacts Americans across the country," NRF president and CEO Matthew Shay said. "The automatic tax increases and spending cuts set to take effect at the end of the year may have more of an impact on business confidence and consumer spending than any other issue."

Sales at health and personal care stores increased 0.3% seasonally adjusted month to month, yet increased 2.1% unadjusted year over year, while general merchandise stores’ seasonally adjusted monthly sales increased 0.2% and unadjusted annual sales decreased 1.1%. At the same time, clothing and clothing accessories stores reported a 0.1% decreased in seasonally adjusted month-to-month sales and a 4.2% increase in unadjusted year-over-year sales.

"The underlying strength of the American consumer is encouraging, but it’s far from definitive," NRF chief economist Jack Kleinhenz said. "Hurricane Sandy will have short-term and long-term reverberations on the economy and will continue to impact consumer spending and retail sales over the coming months in the hardest-hit areas. Even though retail sales declined in October, NRF remains confident in moderate consumer spending nationwide and expects a solid holiday shopping season."

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