PHARMACY

Lilly to host 12th annual Victory Over Diabetes event

BY Alaric DeArment

ATLANTA An event taking place this week aims to educate African-Americans about diabetes management.

The American Diabetes Association and drug maker Eli Lilly will put on the 12th annual Victory Over Diabetes event in Atlanta Saturday. The event will feature R&B singer Angie Stone, spokeswoman for Lilly’s Fearless African-Americans Connected and Empowered program, free screenings and culturally relevant resources for African-Americans with diabetes. Diabetes is estimated to affect 10% of adults in Georgia, according to the Georgia Department of Community Health.

“I know from experience that living with Type 2 diabetes is a lifelong journey,” Stone said . “Today, I am successfully managing my diabetes through a series of positive lifestyle changes.”

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PHARMACY

Drugstore.com extends partnership with Medco Health Solutions

BY Michael Johnsen

BELLEVUE, Wash. Drugstore.com on Tuesday announced the extension through 2018 of its strategic alliance with Medco Health Solutions.

In 2008, Medco launched its Medco Health Store — an online retail destination offering a wide range of non-prescription consumer health products, including over-the-counter medicines. Drugstore.com supplied technical and operational support for this launch, including fulfillment, distribution and customer care for the Medco-branded online store. Today, the Medco Health Store has grown to include more than 1.4 million registered members.

“Our partnership strategy is a key driver of Drugstore.com’s growth and leverages our leadership in online merchandising and fulfillment in the health and beauty category,” stated Dawn Lepore, CEO and chairman of Drugstore.com. “Medco is a leader in the healthcare and pharmacy industries and we are excited to be extending this relationship.”

“Medco’s partnership with Drugstore.com has enhanced the comprehensive healthcare and pharmacy services we deliver to our clients and their members,” added Tom Moriarty, general counsel, secretary, and SVP, pharmaceutical strategies and solutions, Medco Health Solutions.

In addition to extending the term of the relationship, the economic arrangement between Drugstore.com and Medco has changed, giving Medco more flexibility in pricing and promotions.

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Pfizer’s Q2 sales get boost from specialty drugs

BY Alaric DeArment

NEW YORK Pfizer had a big increase in sales and a modest increase in profits during second quarter 2010, according to a financial statement released Tuesday.

The world’s largest drug maker had $17.3 billion in sales and $2.5 billion in profits, compared with $11 billion in sales and $2.3 billion in profits in second quarter 2009, representing respective increases of 58% and 9%.

The increase in sales included a 165% increase in sales of specialty drugs, from $1.4 billion in second quarter 2009 to $3.8 billion this quarter, stemming from Pfizer’s purchase of Wyeth. Cancer drug sales decreased by 2%, from $355 million to $349 million, while primary care drugs increased from $5.2 billion to $5.9 billion, and established products increased from $1.7 billion to $2.7 billion. Biotech drug sales increased from $10 billion to $15 billion.

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