Onco360 now part of limited distribution network for Zydelig
NEW YORK — Onco360, an independent oncology pharmacy and clinical support services company, announced that it has been selected to be part of the highly limited specialty pharmacy network of Zydelig tablets.
The Food and Drug Administration recently approved Zydelig for the treatment of three different B-cell blood cancers. It can be used in combination with rituximab for patients with relapsed chronic lymphocytic leukemia (CLL) for whom rituximab alone would be considered appropriate therapy; as monotherapy for patients with relapsed follicular B-cell non-Hodgkin lymphoma (FL) who have received at least two prior systemic therapies; and as monotherapy for patients with small lymphocytic lymphoma (SLL) who have received at least two prior systemic therapies.
“This selection is an important milestone in Onco360’s strategy to offer an innovative, diversified portfolio of pharmacy and clinical solutions,” said Burt Zweigenhaft, vice chairman of Onco360. “We have confidence in the potential of Zydelig to achieve a strong market share position and further bolster our leadership in the specialty oncology pharmacy market. This relationship also continues to enhance our mission of providing the highest level of support to those battling cancer and helping treat the unmet needs of thousands of people afflicted with life-threatening illness.”
Zydelig is immediately available for order through Onco360 and its network of OncoMed Pharmacies.
Supervalu off to ‘solid’ start for Q1
MINNEAPOLIS — Supervalu posted $5.23 billion in net sales for the first quarter, a decrease of 0.1% from $5.24 billion last year, though president and CEO Sam Duncan expressed confidence in the company’s performance, saying it is off to a solid start across business segments.
“Our first-quarter results reflect the investments we are making this year to position the company for future success, and I am pleased with our operating performance,” Duncan said.
Save-A-Lot’s net sales for the quarter were $1.35 billion, a 6.5% increase from $1.27 billion last year, driven by a network identical store sales increase of 5.6%. Identical store sales for corporate stores within the Save-A-Lot network were up 7.2%.
The company’s independent business net sales for the quarter were $2.4 billion, a decrease of 2.6% from $2.46 billion last year, primarily due to lost accounts, including lower sales to one New Albertson’s banner that completed the transition to self-distribution and lower military sales, partially offset by net new business.
Retail Food net sales for the quarter remained flat compared to last year’s $1.43 billion. Identical store sales were up 0.6%.
On March 21, 2013, the company completed the sale of five retail grocery banners — Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market.
Supervalu operates 3,320 stores, which include 1,805 independent stores serviced primarily by the company’s food distribution business; 1,325 Save-A-Lot stores, of which 931 are operated by licensee owners; and 190 traditional retail grocery stores.
Greg Foran named new CEO at Walmart U.S.
BENTONVILLE, Ark. — Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.
Foran is a relative newcomer at Walmart, who joined the company in October 2011 and by March of 2012, had been elevated to the role of president and CEO of Walmart China. In that capacity, he reported to current Wal-Mart Stores president and CEO Doug McMillon, who at the time served as president and CEO of Walmart International. McMillon assumed his new role earlier this year prompting speculation that Simon would leave the company if he were passed over for the top job.
“Greg is one of the most talented retailers I’ve ever met. His depth of knowledge and global experience will bring a fresh perspective to our business,” said McMillon. “His passion for fresh food, experience in general merchandise and commitment to e-commerce will help us serve our customers even more effectively for years to come.”
Although he only briefly oversaw Walmart’s China operations, the team made significant progress with its assortment, pricing, store operations and compliance as Foran led strategic investments in the supply chain and improved the store portfolio, according to a Walmart statement. Foran was elevated to the role of president and CEO of Walmart Asia earlier this year to oversee the retailers business in Japan and India as well as China.
McMillon spoke highly of Simon who will transition out of the company in the next six months.
“During Bill’s eight years of service to Walmart, his passion for our mission, dedication to our associates and our customers, and innovative thinking pushed us forward,” McMillon said. “From the very beginning, his vision led us to lower the cost of health care through our $4 prescription offering. And, most recently, he put us on a path to future growth with small formats and efforts that integrate digital and physical retail.”
Foran will assume his new responsibilities on August 9. Prior to joining Walmart three years ago, Foran held a number of roles with Woolworths, the leading retailer in Australia and New Zealand. He served as the managing director of supermarkets, liquor and petrol with responsibility for more than $40 billion in sales at that time. Under Foran’s leadership, the business grew sales and market share in a strong competitive market. Earlier in his career, Foran served as general manager of Big W, Woolworth’s industry leading discount store business and as general manager of Dick Smith Electronics.
“I’ve worked closely with Greg for the past few years and I’ve seen firsthand his passion for retail. I’m confident that Greg’s strong leadership skills and alignment with our culture will serve our customers and associates well,” McMillon said. “I’m excited about what he will bring to this important part of our business.”
“Being asked to lead the Walmart U.S. business is a privilege that I don’t take lightly,” said Foran. “I am excited to get started. The needs of our customers are changing dramatically and we have an enormous opportunity to serve them in new and different ways. We must be fierce advocates for our customers, work meticulously to exceed their expectations and earn their trust every day.”
Simon said it had been an honor to work for Walmart for the past eight years, adding, “this felt like the right time to move on and focus on my next opportunity. I look forward to helping the company as much as I can in the next six months.”
Walmart said it would name Foran’s successor as president and CEO of Walmart Asia at a later date.