PHARMACY

Exenatide improves glucose control among diabetes patients in mid-stage trial

BY Alaric DeArment

SAN DIEGO — A once-monthly formulation of a drug made by Amylin Pharmaceuticals, Eli Lilly and Alkermes improved glucose control in patients with Type 2 diabetes, according to results of a mid-stage clinical trial presented at the American Diabetes Association’s 71st Scientific Sessions.

The three companies said once-monthly injections of the drug exenatide improved blood-sugar control and produced modest weight loss in the 121-patient phase-2 study.

Exenatide is the active ingredient of Byetta, which Amylin markets under an agreement with Lilly and Bydureon, a once-weekly formulation of Byetta currently undergoing regulatory review.

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PHARMACY

Amneal’s president, CEO win Ernst & Young Entrepreneur of the Year award

BY Allison Cerra

BRIDGEWATER, N.J. — Chirag Patel and Chintu Patel, who respectively are the president and CEO of Amneal Pharmaceuticals, recently received the Ernst & Young Entrepreneur of the Year award.

The executives received the 2011 New Jersey Award in the pharmaceutical and medical technology category, which was presented at a gala event last month.

As Ernst & Young Entrepreneur of the Year 2011 New Jersey Award winners, Chintu and Chirag Patel, who cofounded Amneal in 2002, now are eligible for consideration for the Ernst & Young Entrepreneur of the Year 2011 national award. Award winners will be announced at the annual awards gala in Palm Springs, Calif., on Nov. 12.

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Navarro marks first store opening in five years

BY Antoinette Alexander

MIAMI — Navarro Discount Pharmacy, the largest Hispanic-owned pharmacy chain in the United States and an MBF Healthcare portfolio company, has announced the opening of its 29th store in North Miami in the Arch Creek Shopping Center — marking its first new store in five years.

The company is in the midst of a 22-store expansion strategy and expects to open additional stores in the next three to six months in Homestead and Pembroke Pines.

More than 200 people were on hand for the grand opening, including City of North Miami Mayor Andre Pierre, the North Miami City Council and North Miami Chamber of Commerce executive director Ron Welsandt. A donation of $5,000 was made to the Florida International University Scholarship Fund, a local college.

The new 14,000-sq.-ft. store features Navarro’s new merchandise layout, new colors, enhanced signage and improved services for customers, such as a pediatric window for busy parents, free compounding pharmacy services, a free Diabetes Club for adults and children with diabetes, and free prescription delivery for all customers.

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