Pfizer gets a boost from Wyeth, specialty drugs in Q1
NEW YORK Pfizer reported $16.8 billion in revenues for first quarter 2010, a 54% increase over first quarter 2009, according to financial results released this week.
The New York-based drug maker attributed the increase to a $5.3 billion boost from legacy products it acquired through its purchase last year of Wyeth, as well as $733 million from foreign exchange. U.S. revenues were $7.3 billion, a 47% increase over first quarter 2009.
Specialty drugs saw some of the most dramatic increases in sales. Specialty drug sales rose by 141%, from $1.46 billion in 2009 to $3.5 billion in the current quarter. Biotech drugs increased from $10.1 billion in 2009 to $14.5 billion this quarter, a 44% increase. Cancer drugs had a 3% increase in sales, from $350 million to $361 million.
At the same time, profits fell by 26%, from $2.7 billion in first quarter 2009 to $2 billion this quarter, due to expenses related to Wyeth company operations, as well as purchase accounting adjustments, interest and tax payments related to the acquisition.
Solantic launches mobile Web site
JACKSONVILLE, Fla. Solantic walk-in urgent care has launched a mobile phone Web site that can be accessed by any mobile phone device that has Web-browsing capability.
The site features a listing of the company’s urgent care, wellness and workers’ comp/occupational health services; urgent care prices; insurances accepted; and information regarding Solantic’s urgent care locations in North Florida, North Central Florida, Central Florida, the Treasure Coast and South Florida. The application also includes click-through links to Google maps to assist users in locating the nearest Solantic center.
The site can be accessed at m.solantic.com.
Since its founding in 2001, Solantic has been a leader in applying retail concepts to the practice of urgent care medicine. Solantic has been referred to in the media as the "Starbucks of health care" as it posts simplified, three-tiered pricing on large menu boards, displays wait times on queue monitors, offers online registration, Solantic gift cards and a guarantee on its services — if a patient doesn’t feel better they can return to Solantic and be treated for free.
The company currently operates 32 centers, with plans to expand in 2010 through hospital joint ventures and franchising with physicians.
NCPA to host three-day legislative conference
WASHINGTON Hundreds of community pharmacists plan to rally in Washington next week for a three-day legislative conference with more than a dozen members of Congress, an organization representing independent pharmacists said Thursday.
The National Community Pharmacists Association announced the conference, taking place Monday through Wednesday at Washington’s Hyatt Regency.
Obama administration officials speaking at the event will include Centers for Medicare and Medicaid Services chief medical officer for the Center for Beneficiary Choice Jeff Kelman and Federal Trade Commission deputy director of the Bureau of Competition Peter Levitas, both speaking Monday. On Tuesday and Wednesday, attendees will hear from such congressional speakers as Reps. Wally Herger, R-Calif., and Jo Ann Emerson, R-Mo., and Sens. John Cornyn, R-Texas, Jon Tester, D-Mont., and Tom Harkin, D-Iowa. On Wednesday, they will attend a pharmacy rally on Capitol Hill where speakers will include Reps. Anthony Weiner, D-N.Y., Gerry Connolly, D-Va., Geoff Davis, R-Ky., and Walter Jones, R-N.C.