Perrigo sales, profits increase in fiscal 2011
ALLEGAN, Mich. — Generic drug maker Perrigo reported sales of $2.76 billion and profits of $341 million in fiscal year 2011, according to an earnings report released Tuesday.
The company’s sales represent a 21% increase over fiscal year 2010, while its profits represent a 52% increase. Much of the increase in sales came from the acquisition of PBM Holdings and Orion Labs, as well as $192 million in new product sales.
For fourth quarter 2011, which ended June 25, sales were $705 million, a 14% increase over fourth quarter 2010, while profits were $86 million, compared with $49 million a year ago.
Prescription drugs had sales of $92 million, a 12% increase over fourth quarter 2010’s $83 million. OTC drugs had sales of $434 million, compared with $399 million last year; nutritionals had sales of $123 million, compared with $84 million last year; and active pharmaceutical ingredient sales decreased from $39 million to $37 million during the same period.
Two independents combine under USA Drug banner
DEXTER, Mo. — Groundwork has begun on a new USA Drug store here that will combine the operations of the Overturf DME Pharmacy and David’s Pharmacy in a 15,000-sq.-ft. facility, according to a report in the Southeast Missourian published Monday.
The new store is expected to open before Dec. 1, and each of the pharmacies will remain up and running at their respective sites until the grand opening of the new USA Drug store, the Southeast Missourian reported.
Pharmaca debuts vaccine offerings
BOULDER, Colo. — Pharmaca Integrative Pharmacy on Tuesday announced that it is now offering immunizations for influenza, pneumonia and whooping cough on a walk-in basis. The majority of Pharmaca’s pharmacists are trained to provide the shots to any customer who requests one during open pharmacy hours.
In addition, Pharmaca will hold Flu Shot Clinics every Tuesday in September, October and November, between 2 p.m. and 6 p.m.
“Pharmaca is proud to be an integrative solution for all of our customers’ health-and-wellness needs,” stated Stuart Gratz, Pharmaca VP pharmacy operations. “By offering these immunizations at any time, we’re serving the needs of customers who feel that immunization is the best option for them — and making it most convenient for them.”
Pharmaca has made patient intake forms available for download on their website. Patients can save time by filling them out ahead of time and bringing them with them when they request an immunization.
For more information, click here.