Sanofi, Regeneron disclose results of phase-3 trial for aflibercept
TARRYTOWN, N.Y. — While failing to improve overall survival, an investigational treatment for non-small cell lung cancer made by Sanofi-Aventis and Regeneron Pharmaceuticals did keep the disease from worsening and, overall, caused patients to respond to treatment, according to results of a late-stage clinical trial.
Sanofi and Regeneron announced Thursday results of the phase-3 “VITAL” trial of aflibercept. Patients were administered either the drug or placebo in addition to docetaxel chemotherapy.
“Bringing new and innovative cancer therapies to patients can be incredibly challenging, especially in difficult-to-treat cancers, such as second-line non-small cell lung cancer,” Sanofi-Aventis SVP and global oncology head Debasish Roychowdhury said. “Our phase-3 trials of aflibercept in metastatic colorectal cancer and hormone-refractory metastatic prostate cancer are under way to determine the clinical potential of aflibercept for patients with these advanced cancers.”
February retail sales show biggest gain in four months
WASHINGTON — U.S. retail sales rose 1% in February to $387.1 billion, the U.S. Census Bureau reported Friday.
This marks the biggest sales gain in four months, the government agency said, with sales also being 8.9% above the year-ago period. Digging deeper, grocery store sales saw a 0.5% gain from January and rose to nearly $41.8 million, while health and personal care stores experienced a 0.3% decline from last month, dropping to $21.4 million.
Although advanced estimates for pharmacies and drug stores are not included in the report, the U.S. Census Bureau noted sales for the sector dropped to $18.9 million from $21 million in December 2010.
Commenting on the advance sales report, the National Retail Federation’s president and CEO, Matthew Shay, said the sales reflected improved consumer sentiment as it relates to sales. “Retailers have done a commendable job keeping their inventory levels where they need to be, while still offering attractive promotions for those who are eager to spend,” Shay said. “The big challenge retailers will face in the coming months, however, will be going head to head with high cotton, food and energy prices.”
Walmart makes multichannel move with same-day service
BENTONVILLE, Ark. — An online order and same-day pickup service will be expanded to all Walmart stores beginning this month, the company announced.
The “Pick Up Today” service allows shoppers who make a purchase online to pick up their merchandise within about four hours if the order is placed before 6 p.m. Orders placed after that time are available for pickup the next day before 10 a.m.
“We’ve seen strong customer response from initial tests of ‘Pick Up Today,’ and we’re pleased to expand the program,” said Steve Nave, SVP and general manager of Walmart.com. “Walmart is uniquely positioned to combine the power of e-commerce with our national retail footprint to offer a leading, multichannel experience that delivers the best savings and convenience to our customers.”
In conjunction with the national rollout, product categories eligible for the program have been expanded and will include roughly 40,000 items from such categories as baby, toys, home decor, hardware, outdoor living, electronics, household appliances and video games.
The initiative is the latest development in a multichannel strategy that has been in the works for more than five years. That’s how long it has been since the company first introduced its Site-to-Store service, which offers free delivery to stores of goods ordered online. The service has been a big win for Walmart because it is able to sell merchandise to shoppers that aren’t normally available in stores, and goods usually are available for pickup within four to seven days. While customers are the beneficiaries of the free delivery, the advantage from Walmart’s perspective is that they tend to spend additional dollars when they pick up their order.
With Site-to-Store and Pick Up Today, Walmart is leveraging its existing store base, but an even more intriguing opportunity exists with a pilot program that allows online customers to have their orders shipped to a FedEx store location for pickup. The test program is designed to appeal to customers in select metro markets who don’t have convenient access to a Walmart store.