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Mylan reports $1.7B in total revenue for Q1

BY Ryan Chavis

Pittsburgh — Mylan last week announced financial results for the three months ended March 31, 2014. The company reported adjusted diluted earnings per share of $0.66, compared to $0.62 for the same period last year, representing a 6% increase. Total revenues came in at $1.7 billion, compared to $1.6 billion for the same prior year period, an increase of 5%.

"Mylan’s performance during the first quarter slightly exceeded our expectations and marked a great start to what we believe will be another good year. Our operations in India drove strong top-line growth as a result of increased sales from our antiretroviral franchise," said Mylan CEO Heather Bresch. "Additionally, the diversity and strength of our product portfolio in North America demonstrated our ability to continue to leverage our operating platform. We remain confident in our outlook for the rest of 2014, and we are reaffirming our full-year guidance, including the adjusted diluted EPS guidance range of $3.25 to $3.60."

John Sheehan, Mylan’s CEO, commented further on the company’s performance during first quarter 2014. "We were able to triple our adjusted operating cash flow to more than $280 million from the same period of the prior year," Sheehan said. "Our ability to generate strong operating cash flow continues to add to our financial flexibility and provides us the ability to execute on opportunities that create value for our shareholders."

 

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Report: Walgreens registers Beauty.cool and pharmacy.cool

BY Michael Johnsen

NEW YORK — Walgreens was one of a number of companies to register trademarks under the new .cool domain name, according a report published Tuesday by the Domains, with the registration of both Beauty.cool and pharmacy.cool. 

The domains go into general availability on May 7, according to the report. 

In addition to Walgreens, Twitter registered Tweet.cool, and Discovery Communications registered the domain Own.cool.

 

 

 

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LIU Pharmacy named CVS Caremark ‘Partner of the Year’ for 2013

BY Antoinette Alexander

BROOKLYN, N.Y. — LIU Pharmacy (Arnold Marie Schwartz College of Pharmacy and Health Sciences) has been granted the CVS Caremark Partner of the Year award.  

CVS Caremark annually recognizes a college of pharmacy whose delivery of patient care and service best reflects the company’s purpose of helping people on their path to better health. The recognition includes an award of $50,000, which was presented to LIU Pharmacy faculty, staff and students in April.
 

LIU Pharmacy was nominated for the Partner of the Year award based on more than 10 years of collaboration with CVS Caremark. Both organizations are healthcare advocates that are closely aligned with CVS Caremark’s vision and values, as well as invest in the development of future clinicians, managers and leaders in pharmacy care. For example, CVS Caremark has worked with Stephen Gross, dean of LIU Pharmacy, as well as faculty at LIU Pharmacy, to create and launch a nationwide Pharmacy Business Leadership Rotation, which is now available at all pharmacy colleges. 


 
LIU has maintained a balance of graduates entering community pharmacy, health system pharmacy and residency programs over the years. In 2013, CVS Caremark was the No. 1 employer of LIU Pharmacy graduates and currently employs more than 161 interns from the pharmacy program. 
 


“The school is pleased and honored to receive this special award and appreciation from a company who has supported the school over the years,” Gross said. “CVS Caremark has sponsored a multitude of events and activities, such as our white coat ceremony and Pharmacy Student Leadership Council, in addition to supporting our students with rotation sites and quality preceptors.”
 


CVS Caremark’s director of pharmacy recruiting Amy Holland said, “We are pleased to be able to support the School of Pharmacy’s pursuit of educating innovative pharmacy leaders for tomorrow. I look forward to our continued relationship as we strive for excellence together.”

 

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