Growell, Quall and Medipal forms business alliances
Aeon’s drug store chain, Growell, Quall, a major pharmacy chain, and the nation’s largest wholesaler of pharmaceutical products, Medipal Holdings, recently announced that the three parties have agreed to establish business alliances, according to Chain Store Age Japan.
Under the alliance they plan to jointly develop a new drug store format that combines pharmacy, sharing of pharmacist education programs, development of complementary private-branded products, and work together as a team to develop medical centers housing multiple health clinics and pharmacies.
Growell operates drug stores under Welcia Kanto, Takada Pharmacy and Terashima Pharmacy banners. Aeon group is the largest stockholder of Growell, retaining 29.35% of its shares.
Medipal (former Mediceo Paltac Holdings, changed its corporate name to Medipal on October 1, 2009), is the top shareholder of Quall, retaining 31.88% of its shares. Mitsubishi Shoji is another major shareholder of Quall.
Aeon and Mitsubishi Shoji has been deepening the relationship in recent years as evidenced by the comprehensive business alliance agreement entered in December 2008 as well as Aeon’s acquisition of a TV shopping business that operated under Mitsubishi Shoji group and making it a consolidated subsidiary of Aeon in August 2008.
Mid-stage trial notes efficacy in investigational hepatitis C treatment
CORK, Ireland Patients with chronic genotype 1 hepatitis C fared better when given an investigational drug developed by Johnson & Johnson division Tibotec and Vertex Pharmaceuticals than when given the standard therapy after they had failed previous treatments, according to results of a mid-stage trial published Thursday.
The results of the 453-patient, phase 2 “PROVE3” trial, published in the New England Journal of Medicine, found that regimens based on the drug telaprevir worked better than other drugs at keeping the virus undetectable in the bloodstream. Patients who achieve undetectability of the virus, also known as sustained virologic response, or SVR, are considered cured. The current standard of care for patients is Genentech’s Pegasys (peginterferon alfa-2a) combined with Merck & Co.’s Rebetol (ribavirin), which also is available as a generic.
“People with HCV who fail to achieve SVR after initial treatment typically don’t succeed when they are re-treated,” study investigator and Hannover, Germany-based Hepatology and Endocrinology Medical School professor Michael Manns said. “This study shows that telaprevir may provide a much-needed new therapeutic option for patients undergoing a second round of treatment.”
The patients were divided into four groups: 115 who took telaprevir, Pegasys and ribavirin for three months followed by Pegasys and ribavirin with placebo for another three; 113 who took telaprevir, Pegasys and ribavirin for six months followed by Pegasys and ribavirin alone for another six; 111 who took telaprevir and Pegasys for six months; and a control group of 114 who took Pegasys, ribavirin and placebo for six months, followed by Pegasys and ribavirin for another six.
Those who took telaprevir and ribavirin together achieved SVR at rates of more than 50%, compared with 24% and 14% in the telaprevir with Pegasys group and the control group, respectively. Among patients who had previously relapsed, those who took telaprevir, Pegasys and ribavirin had SVR rates of 69% to 76%, compared with 42% and 20% in the non-ribavirin and control groups, respectively. Among patients who had not responded to previous therapies, those who took all three drugs had SVR rates of 38% to 39%, compared with 11% in the non-ribavirin group and 9% in the control group.
Report: Take Care Health Systems seeks joint ventures with hospitals
NEW YORK In an effort to further expand its retail-based clinic business, Walgreens’ Take Care Health Systems reportedly is considering financial joint ventures with hospitals, according to a Dow Jones Newswires report.
"We’re getting a lot of interest from hospital systems," Take Care Health Systems CEO Peter Miller told Down Jones Newswires in an interview.
Miller declined to elaborate but said such partnerships could take the form of joint ventures, franchises or other business models where hospitals may assume some of the risk associated with a retail-based clinic.
Miller was quoted as saying that the pacts would have to create a "winning" situation for both parties and that such potential deals would help its Take Care Clinics expand from the existing 359 locations in 19 states.
Meanwhile, Andrew Sussman, president of MinuteClinic, told Dow Jones Newswires that, while it is interested in expanding its electronic record sharing and other patient-care activities with more hospitals, it isn’t interested in financial partnerships with hospitals systems for its clinics.
Walmart, which currently has 74 independently operated in-store clinics, noted that it has been contacted by more than 400 hospitals and health systems nationwide and is currently in talks with "dozens" of operators, Dow Jones Newswires reported.