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Impax Labs acquires two generic products from Actavis

BY Michael Johnsen

HAYWARD, Calif. — Impax Labs on Wednesday announced that it has acquired from Actavis two generic products for cash consideration. Financial terms of the agreement were not disclosed.
 
The acquisition includes one product marketed under an abbreviated new drug application — Ursodiol tablet — and one approved aNDA that is not yet marketed — Lamotrigine orally disintegrating tablet.
 
"The acquisition of these products from Actavis is just one example of our ongoing strategy of expanding our product offerings and portfolio with strategic business development projects," said Fred Wilkinson, president and CEO Impax Laboratories. "Successful implementation of our M&A and business development activities should complement our internal development programs and provide further long-term growth for the company."

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American Heart Association recognizes Kinney Drugs as top regional fundraiser

BY Antoinette Alexander

GOUVERNEUR, N.Y. — Kinney Drugs, which operates 100 drug stores in Central and Northern New York and Vermont, was recently recognized by the American Heart Association as the top fundraiser in its region as it presented the organization with a $17,420 check in support of the “Go Red for Women” movement.

The money raised is the result of an effort coordinated by Kinney Drugs during its month-long heart health initiative hosted at each of its 100 locations.

The company raised more than $10,000 by asking customers to make a donation in exchange for a red dress pin, the symbol of the “Go Red for Women” movement. Kinney Drugs also collected funds through several additional efforts, including vendor contributions, a chocolate bar sale and an employee fundraiser.

“This initiative was created not only to raise awareness about heart disease, but to take action against this silent killer,” said Jim Spencer, president of Kinney Drugs stores. “Our success is owed to the thousands of customers and employees who came together to support heart health in our communities.”

"We are steadfast supporters of the American Heart Association and Go Red for Women,” stated Bridget-Ann Hart, president and CEO of KPH Healthcare Services and member of the 2014 American Heart Association Go Red for Women leadership team. “As a pharmacy healthcare company, we are proud to promote heart health among our patients.”

The company’s initiative was developed with the American Heart Association to build awareness about the dangers of heart disease, provide resources for employees and customers to improve their heart health and help raise money for the “Go Red for Women” movement. The money raised will be used by the American Heart Association to support communities throughout New York and Vermont that are served by Kinney Drugs.
 

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Diplomat Pharmacy registers to file IPO

BY Michael Johnsen

FLINT, Mich. — Diplomat Pharmacy on Thursday announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
 
Credit Suisse Securities and Morgan Stanley are acting as lead book-running managers. Additional book-running managers are J.P. Morgan Securities and Wells Fargo Securities. 
 
William Blair & Company and Leerink Partners are acting as co-managers.
 
Diplomat Diplomat serves patients and physicians in all 50 states as one of the nation's largest independent specialty pharmacies. Headquartered in Flint, Mich., the company focuses on medication management programs for people with specialized, long-term medical needs, including oncology, immunology, hepatitis, multiple sclerosis, HIV, infusion therapy and many other serious or chronic conditions. Diplomat opened its doors in 1975 as a neighborhood pharmacy. 
 

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