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Sun appoints former Teva CEO as chairman

BY Alaric DeArment

MUMBAI, India — Generic drug maker Sun Pharmaceutical Industries appointed a new chairman as the company announced big jumps in fourth-quarter and fiscal year 2012 sales and profits.

The drug maker announced the appointment of former Teva Pharmaceutical Industries president and CEO Israel Makov as chairman. Makov, who began working for Teva in 1995, and led it as president and CEO from 2002 to 2007, is widely credited with that company becoming the world’s largest generic drug maker and one of the world’s largest drug makers overall.

Before joining Teva, Makov founded Israel’s first biotech company, Interpharm, and since his departure has served as chairman for a number of companies, including capsule endoscopy provider Given Imaging and life sciences investment company Biolight.

The appointment came on the heels of a 59% increase in sales, to $4.2 billion, for fourth quarter 2012, and a 40% increase, to $14.4 billion, for the fiscal year. Profits for the quarter increased 85%, to $1.5 billion, and increased by 42%, to $4.7 billion, in the fiscal year.

In other news, Sun announced Thursday the approval of azelastine hydrochloride nasal spray, a generic version of Medpointe Pharm HLC’s Astelin, a treatment for allergies. Various versions of the drug have annual sales of $144 million, according to Sun, which will sell the drug in the 0.1% strength.

 


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Whole Foods Market names regional presidents

BY DSN STAFF

AUSTIN, Texas — Whole Foods Market has named Scott Allshouse, Omar Gaye and Rob Twyman as regional presidents following the promotion of David Lannon and Kenneth Meyer to EVPs of operations.

Allshouse fills Meyer’s former role as president of the company’s Mid-Atlantic region. He moves from his position as president of the South region.

Gaye takes the South region president position vacated by Allshouse, moving from his position as the South region’s VP.

Twyman is now president of Whole Foods Market’s northern California region. He fills David Lannon’s former role and moves from his position as VP of the Northeast region.

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Walgreens’ in-store community rooms driving consultation opportunities

BY Michael Johnsen

GLENDALE, Ind. — Walgreens clinicians here took the initiative and fashioned a recurring "Weight Check Wednesdays" event to help educate new moms on baby care, the Indianopolis Star reported online Tuesday morning.

Walgreens pharmacist Amy Lenell in April repurposed a recently remodeled community room into a drop-in clinic for new moms, the Star reported. Both Lenell and Sarah Long, a lactation consultant, provide consultation opportunities for moms.

The positive feedback has caught the attention back at corporate. "We want to see how it goes at this location," Vivika Panagiotakakos, Walgreens spokeswoman, told the Indianapolis daily. "The whole purpose of these rooms is focused on helping customers live well, stay well and get well."

In addition to checking baby weight, the pharmacists provide counseling on breast-feeding and proper nutrition.

To check out the full report, click here.

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