Q&A: A dose of generic Meda-cine
Many generic drug companies have long marketed branded drugs on the side, but lately, some branded drug companies have sought to enter the generics business as well. One of those companies is Meda Pharmaceuticals, the U.S. subsidiary of Swedish drug maker Meda AB. Drug Store News recently interviewed John White, Meda’s senior director of marketing.
Drug Store News: What gave Meda the idea of pursuing generics?
John White: Generic medications account for roughly 3-in-4 prescriptions dispensed across the United States. Meda has made the strategic decision to serve this large and growing segment of the market by forming Wallace Pharmaceuticals, a wholly owned subsidiary of Meda Pharmaceuticals. The strategy demonstrates Meda’s efforts to diversify, align and better serve the needs and interests of our customers. We believe our ability to provide consistency in therapeutic effect, manufacturing and supply to our parent company’s branded products will prove to be a competitive advantage for Wallace Pharmaceuticals.
DSN: Considering that the available pool of blockbuster drugs coming off patent is getting smaller, how does Meda plan to use generics to drive growth for the company overall?
White: There is a significant opportunity for continued growth of generic prescription products in healthcare reform, and Wallace is well-positioned to become a preferred supplier of high-quality, high-value generic medicines. Wallace Pharmaceuticals creates an additional platform for Meda’s portfolio growth across therapeutic categories in which we will seek to introduce products where current and future market needs exist.
DSN: On what therapeutic areas do you plan to focus?
White: Wallace is launching with a core portfolio of Meda’s well-known allergy and pain medicines, and will be announcing additional product introductions in the upcoming months.
DSN: In what markets do you plan to concentrate business?
White: Efforts to launch Wallace Pharmaceuticals will be focused in the United States.
DSN: What about biosimilars?
White: We have no plans at this time.
Amgen recalls certain lots of Epogen, Procrit
THOUSAND OAKS, Calif. Several lots of two drugs used to treat anemia are being recalled due to possible contamination.
Amgen said Friday that it was voluntarily recalling certain lots of Epogen and Procrit (epoetin alfa) from distributors, wholesalers, healthcare providers and pharmacies as a precaution due to the possible presence of extremely thin and barely visible glass flakes known as lamellae that result from an interaction between the drugs and the glass vials used to store them.
The drugs are used to treat anemia resulting from chemotherapy, kidney failure and HIV therapy.
Tenn.-based pharmacy acquired by Capital Group Holdings
SCOTTSDALE, Ariz. Capital Group Holdings has acquired Main Street Family Pharmacy in Newbern, Tenn., Capital Group said Friday.
Main Street Family Pharmacy provides retail prescriptions, compounding, durable medical equipment and home infusion services, as well as disposable medical office supplies. The pharmacy also specializes in comprehending compounding services, providing products for hormone-replacement therapy, dermatology and other areas.
“The acquisition of Main Street Family Pharmacy provides us with a strong foundation in the health-and-wellness market and will enable us to pursue additional strategic opportunities,” Capital Group Holdings CEO Christopher Galvin said.