NJCU to honor Amneal’s Chirag Patel
JERSEY CITY, N.J. — Chirag Patel — co-CEO, chairman and co-founder of Amneal Pharmaceuticals — will be honored with the Alumnus of Distinction Award at New Jersey City University’s American Dream Gala on June 5.
Patel started Amneal Pharmaceuticals with his brother Chintu in 2002. Since that time, Amneam has grown to be the seventh largest generic pharmaceutical company in the United States by prescriptions dispensed, with revenues exceeding $450 million. In 2011, the brothers were named Ernst & Young National Entrepreneur of the Year Life Sciences Award winners in recognition of their accomplishments.
“Chirag epitomizes the drive and determination we see from our students on a daily basis,” NJCU president Sue Henderson said. “We applaud his great success and his commitment to helping others achieve their own dreams.”
The goal of the American Dream Gala is to raise scholarship funds for students planning to attend NJCU, a four-year state university with a student population of more than 8,400 undergraduate and graduate students. More than 50 nations are represented in the student body; 85% of full-time undergraduates at NJCU receive some kind of need-based financial aid.
Prilosec OTC to host ‘Zero Burn Barbeque Events’ with Larry the Cable Guy and two Indy 500 drivers
CINCINNATI — Procter & Gamble is ready to fire up the grill and bring Prilosec OTC "Zero Burn Barbeque Events" to some of the hottest celebrations this summer, the company announced Thursday. Teaming up with long-term partner Larry the Cable Guy, as well as 1986 Indy 500 Winner Bobby Rahal of Rahal Letterman Lanigan Racing and their featured driver, Graham Rahal, Prilosec OTC is "on a mission to help Americans live life to the fullest this summer, with zero burn."
“There is nothing better than summer, and my dad and I have teamed up with Prilosec OTC to make sure that Americans are enjoying every minute of it,” stated Graham Rahal, driver of the National Guard-sponsored entry for RLL in the Verizon IndyCar Series.
Prilosec OTC will visit the Indianapolis Motor Speedway on May 23. All summer long, consumers will be given Zero Burn Experiences like Zero Cost Barbeque and Zero Burn Games and will be educated on the benefits of taking Prilosec OTC to treat frequent heartburn.
As part of the Zero Burn Summer Barbeque Event Tour, Prilosec OTC will also be making stops in Fort Worth, Texas on June 7; Fayetteville, North Carolina on July 4; and Chicago, Illinois on August 17.
Dollar Tree first-quarter sales up 7.2% to $2 billion
CHESAPEAKE, Va. — Dollar Tree on Thursday posted first-quarter consolidated net sales of $2 billion, a 7.2% increase, for the period ended May 4. Consolidated comparable store sales increased 2% on a constant currency basis. Adjusted for the impact of Canadian currency fluctuations, the comparable-store sales increase was 1.9%.
"Our first quarter sales grew as the result of increases in both traffic and average ticket with our discretionary business growing slightly faster than consumables," stated Dollar Tree CEO Bob Sasser. "Leading categories during the quarter included candy, check-out products, stationery and seasonal merchandise for Valentines and Easter."
During the first quarter, Dollar Tree opened 94 stores, closed 6 stores, and expanded or relocated 28 stores. Retail selling square footage increased 6.8% compared to a year ago, to 44 million square feet.