Meijer double-matches donations to food bank fundraising campaign
GRAND RAPIDS, Mich. — A campaign run by Midwestern mass-merchandise chain Meijer to raise money for food banks has netted more than half a million dollars, the company said.
Meijer said customers donated $184,230 during Simply Give Double Match Days to help food pantries around the Midwest stock shelves, and Meijer double-matched the donations for a total of $552,690.
"The tremendous generosity of our customers is an inspiration for us all, and we cannot thank them enough for their partnership," co-chairman Doug Meijer said. "Our Simply Give program, along with the double-match efforts, really helps make a difference for all our struggling neighbors."
Murad to expand global HQs as part of $35M development project
EL SEGUNDO, Calif. — Skin care brand Murad has signed a new 12-year lease and committed to a $35 million investment that will result in a new corporate headquarters in El Segundo, Calif., located just a few blocks away from the company’s current location.
Murad will move to the new location at 2121 Park Place in El Segundo, Calif., sometime in early 2014.
The new 45,000-sq.-ft. office will feature ample workspaces and meeting areas to ensure optimal working conditions for corporate employees. The newly signed lease for global headquarters complements Murad’s acquisition two years ago of a 65,000-sq.-ft. distribution center in Torrance, Calif., the company stated.
“We are excited to have signed the lease to our new custom-designed office space, where we will be able to meet the needs of our growth plans as well as honor our commitment to provide our valued employees with a spectacular, creative work environment, which is being designed to fit our specific requirements,” stated Richard Murad, GM of Murad. “This is a testament to our confidence in the company, our brand and our dedication to continue to innovate and exceed the expectations of our customers.”
The Murad Flagship Spa will remain in its current location, however, the entire 7,000-sq.-ft. space will be upgraded to accommodate a fitness/yoga center, as well as incorporate a stylish update to its treatment rooms and retail section. In addition, the new Murad-Inclusive Health Spa will expand its service offerings.
Perrigo: $10 billion in Rx sales may switch OTC through 2018
ALLEGAN, Mich. — There is as much as $10 billion in branded pharmaceutical sales that could make the switch from prescription-only to over-the counter in the next five years, suggested Joseph Papa, Perrigo chairman, CEO and president, to analysts on Tuesday. And as much as $5 billion in the next three years.
"The next products that we think are very important to us are the remaining proton-pump inhibitors led by Nexium," Papa said. "We think that’s obviously a very important product to get out into the marketplace and one which Pfizer has spent $250 million-plus to get out there."
Beyond bringing any remaining PPIs into the self-care arena, the recent Food and Drug Administration approval of Oxytrol creates a whole new self-care category, Papa noted. "It opens up the category of overactive bladder as the FDA has deemed that category one in which consumers can make the decision to self-diagnose." he said. "With Oxytrol comes obviously a number of potential other future products, can’t comment about whether they will switch or not, but obviously the Detrol, the Detrol LA, the Ditropan are all other products that fall into overactive bladder."
And pain relief may become a target for switch, Papa added, specifically such nonsteroidal anti-inflammatory gel products as Novartis’ Voltaren Gel. Similarly, there are prescription-only omega-3 products that may become potential switch candidates, Papa said.
Papa also is an optimist when it comes to switching statins, giving it a 60% probability that the statin class of medicines may one day be available without a prescription. To date, statin switches have failed consumer usage studies, and there is a thought that the healthcare kiosks that are currently proliferating in the marketplace — such as those from PharmaSmart, Stayhealthy and SoloHealth — may help improve consumer usage study results through the use of a self-select, on-screen survey.