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Kalorama: Abbott’s Alere acquisition ups its status in point-of-care testing

BY DSN STAFF

NEW YORK — On Monday, Abbott Laboratories announced a $5.8 billion acquisition of point-of-care diagnostics company Alere. According to Kalorama Information’s analysis, the acquisition will make Abbott one of the largest players in the point-of-care testing area. 
 
“Abbott is marking out point-of-care as an area that it can compete and win in,” Kalorama Information publisher Bruce Carlson said. “This should not be surprising as POC in some areas like infectious disease is growing at one and half times the global IVD (in vitro diagnostics) market.”
 
Alere focuses on tests for cardiology, oncology, infectious disease and women’s health, among others, and is the largest pregnancy test maker, Kalorama said. These will be added to Abbott’s portfolio, which includes the i-STAT instrument. 

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Sweet deals available at Rite Aid to entice this year’s Valentine’s Day shopper

BY Michael Johnsen

CAMP HILL, Pa. – Valentine's Day is around the corner and Rite Aid stores nationwide are ready to help customers celebrate the romantic holiday. Store shelves are stocked with gifts perfect for that special loved one including classic chocolate hearts, heartfelt greeting cards, fresh cut roses or bouquets, cuddly plush and love-inspired décor.
 
"Rite Aid's 4,600 convenient locations, affordable prices and wide selection of Valentine's Day items for any age, make it easy for shoppers to find the perfect gift for their special someone," stated Tony Montini, Rite Aid EVP merchandising and supply chain. "Beginning Feb. 10, Rite Aid will have a fresh cut red roses by the dozen or a beautiful bouquet of red, white and pink flowers, a Valentine's Day staple, available in many stores starting at $19.99."
 
Rite Aid also carries a large selection of heart-shaped boxed chocolates from brands including Russell Stover, Whitman's and Dove. Customers can choose from a variety of Hershey Kisses, red, white and pink M&M's or fill the candy dish with decadent bite-sized chocolates from Dove, Lindt and Ghirardelli. 
 
New this year from American Greetings, shoppers will find sweet cards featuring Disney characters. 
 
Rite Aid will also feature its popular 51-inch cuddly, jumbo beige teddy bear, merchandised alongside a broad selection of plush selection, includibng TY Valentine's Day Beanie Boos, heart-shaped pillows, animated dancing pink puppies, Be Mine bears and an assortment of dogs, monkeys and bears.
 
And Rite Aid carries a nice selection of Valentine's Day décor including heart-shaped wreaths, wall art, tabletop displays and gel clings. 
 
 
 

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Coty acquisition raises the stakes in Brazil

BY Gina Acosta

NEW YORK — Coty Inc. has completed its acquisition of the personal care and beauty business of Hypermarcas, providing Coty with a critical mass platform in the Brazilian beauty market.

Hpermarcas' leading brands include Monange, Risqué, Bozzano, Paixão and Biocolor.

“We are pleased to complete the acquisition of the Beauty Business of Hypermarcas, which will strengthen our presence in Brazil, the third largest beauty and personal care market in the world,” said Bart Becht, chairman and interim CEO of Coty. “The Beauty Business provides us with leading brands, state-of-the-art manufacturing and distribution facilities and strong go-to-market capabilities, and will be an important part of Coty’s portfolio going forward. Together with our expected merger with the P&G Specialty Beauty Business, it is another step in our progression towards creating a pure-play global leader and challenger in Beauty.”

Coty will release fiscal 2016 second quarter financial results on Feb. 4. Coty Inc.
Coty is a global beauty company with net revenues of $4.4 billion for the fiscal year ended June 30, 2015. Coty’s product offerings include such leading power brands as Adidas, Calvin Klein, Chloé, DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

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