PHARMACY

ProStrakan receives FDA approval to market Rectiv

BY Allison Cerra

GALASHIELS, Scotland, and BEDMINSTER, N.J. — ProStrakan has received approval from the Food and Drug Administration to market an ointment designed to treat moderate to severe pain associated with chronic anal fissures.

The drug maker, which is a subsidiary of Kyowa Hakko Kirin, said that it received regulatory approval for Rectiv (nitroglycerin) ointment 0.4%. Rectiv currently is the only FDA-approved prescription product for patients with this condition. ProStrakan expects Rectiv to be available in the United States in first quarter 2012.

Approximately 700,000 people in the United States receive a diagnosis or treatment for anal fissures each year. An anal fissure is a small tear in the skin that lines the anus and can occur in a number of ways, such as passing large or hard stools, straining during a bowel movement or following an episode of diarrhea. When an anal fissure occurs, it typically causes severe pain and bleeding with bowel movements.

The product is marketed under the name Rectogesic in the European Union and already is approved in the EU and marketed by ProStrakan in all major European countries.

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Omnicare adds Mark Emmert, Barry Schochet to board of directors

BY Allison Cerra

COVINGTON, Ky. — Omnicare has added two members to its board of directors.

The company said that Mark Emmert and Barry Schochet will serve as independent directors. Emmert serves as president of the National Collegiate Athletic Association, while Schochet serves as president and CEO of BPS Health Ventures, a healthcare consulting and investment firm.

"We are very pleased to welcome Mark and Barry to Omnicare’s board of directors," Omnicare chairman of the board James Shelton said. "We have instituted a number of recent changes to the corporate governance structure, and we believe the addition of two new independent directors reflects our continued progress in this area. Mark and Barry bring to our board a broad range of healthcare and leadership experience, which we believe will serve Omnicare well in the years ahead."

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Axium receives 2011 SMART award from ACG Orlando

BY Allison Cerra

LAKE MARY, Fla. — Axium Healthcare Pharmacy was named the recipient of a 2011 SMART Award in the healthcare and life sciences category by the Association for Corporate Growth’s Orlando chapter, the specialty pharmacy provider announced last week.

Each year, ACG Orlando presents SMART Awards as part of its continuing commitment to facilitate relationships among middle-market companies, capital sources and professionals active in corporate finance throughout Central Florida, Axium said. ACG Orlando hosted its fifth annual SMART Awards luncheon in late May.

“We’re proud to be recognized as a recipient of the 2011 SMART Awards,” Axium president and CEO Mark Montgomery said. “It is … consistent hard work and commitment of the Axium team that has driven the company’s significant growth over the past few years.”

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