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Endo completes HealthTronics acquisition

BY Alaric DeArment

CHADDS FORD, Pa. Endo Pharmaceuticals has completed its acquisition of a company that provides urological products and services, Endo said Thursday.

The drug maker announced the acquisition of HealthTronics, based in Austin, Texas, at the beginning of the month.

“The HealthTronics acquisition marks an important step forward in Endo’s strategy to diversify beyond pharmaceuticals and solidifies Endo’s commitment to the field of urology,” Endo president and CEO Dave Holveck said. “Urology practies, the patients they serve and payers will all benefit from the integration of Endo and HealthTronics through our combined expertise, products and services.”

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Pfizer, Samsung Medical Center form liver cancer research partnership

BY Alaric DeArment

NEW YORK Treatments for liver cancer could emerge from a new research partnership between the world’s largest drug maker and a medical center in Korea.

Pfizer and the Samsung Medical Center in Seoul announced Wednesday a collaboration to analyze tumors from Korean patients and generate genetic profiles that they said could direct therapies and improve the outcomes of liver cancer patients.

“We are pleased to have an opportunity to work with the world’s No. 1 pharmaceutical company, Pfizer, to better understand cancer in Korean patients, with the goal of being able to send a new message of hope for patients with liver cancer across the world, especially in Asia,” Samsung Medical Center president Choi Han-Yong said.

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Census Bureau reports retail sales for June

BY Allison Cerra

WASHINGTON The Census Bureau announced that advance estimates of retail and food services sales for June dropped 0.5% to $360.2 billion, compared with the previous month. However, sales rose 4.8% when compared with the year-ago period.

The Census Bureau also disclosed that total sales for the April through June 2010 period were up 6.8% from the same period a year ago, perhaps showing that an economic turnaround indeed is underway.

In related news, advance estimates were not available for drug store sales, although the Census Bureau noted that the market share for this business sector has remained relatively the same from month to month. Health and personal care stores saw a near 0.5% gain, increasing from $21.6 to $21.7 million. Grocery stores, however, dropped from $43.6 million to nearly $43.4 million.

“Today’s data shows consumers continue to take a cautious approach towards shopping,” said NRF president and CEO Matt Shay. “However, growth in key areas such as electronics, apparel and department stores is an encouraging sign as we enter the back-to-school shopping season.”

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