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Fera acquires rights to investigational otomycosis treatment

BY Alaric DeArment

NEW YORK Fera Pharmaceuticals has acquired rights to an investigational drug for treating a rare fungal ear infection, Fera said Wednesday.

Fera announced the acquisition of itraconazole topical suspension, currently in phase 2 studies as a treatment for fungal otitis externa, also known as otomycosis. Because of the rarity of FOE, the drug has received orphan drug designation from the Food and Drug Administration. The FDA grants orphan drug designation to drugs for treating diseases that affect fewer than 200,000 patients in the United States.

“This acquisition fulfills a key strategic imperative for Fera – product development and commercialization in specialty and underserved therapeutic categories,” Fera president Frank DellaFera said.

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Duane Reade takes shot at beer pong

BY Alaric DeArment

Ever since the game began several years ago, beer pong has become as much a part of college campus parties in America as fashioning bed sheets into Roman-style togas or having everyone dress in the most hideous fashions of a past decade.

Now, Duane Reade is hoping to capitalize on the trend, selling packages of ping pong balls next to its beer shelf, as seen in this photo taken at the chain’s store at 55th St. and Park Ave., downstairs from Drug Store News’ offices.

 

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Target opens new store in Chicago’s Wilson Yard

BY Drug Store News Team

MINNEAPOLIS Target said Tuesday it has opened a new store in the Wilson Yard community of Chicago.

The new 200,000-sq.-ft. store, which creates 300 jobs, will celebrate its grand opening on July 25 and features fresh produce, meat and bakery goods along with a Starbucks, Target Cafe, Target Pharmacy, Target Optical and Pizza Hut Express.

Target currently operates 1,740 stores in 49 states.

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