Watson gets tentative approval for Crestor generic
MORRISTOWN, N.J. — The Food and Drug Administration has granted tentative approval to a generic cholesterol drug made by Watson Pharmaceuticals, the company said Wednesday.
Watson announced the tentative approval of Watson’s rosuvastatin zinc tablets in the 5-mg, 10-mg, 20-mg and 40-mg strengths. The drug is a generic version of AstraZeneca’s Crestor. Tentative approval means that the drug meets the FDA’s conditions for approval, but the agency can’t allow it to be marketed because patents covering the branded version have yet to expire.
Watson is aiming to be the first company to market a generic version of Crestor, and its regulatory approval application prompted AstraZeneca to file a patent infringement suit against it in October. AstraZeneca’s suit prevents Watson from commercializing the drug and places a stay of final FDA approval on it until April 2013 or until the companies reach an agreement in court.
Crestor is one of the top-selling drugs in the country, with 2010 sales of $3.8 billion, according to IMS Health.
Stater Bros. reports Q3
SAN BERNARDINO, Calif. — Consolidated sales for regional supermarket chain Stater Bros. rose more than 4% in the third quarter, the company said Wednesday.
For the period ended June 26, Stater Bros. said consolidated sales reached $939 million, an increase of $39 million, or 4.33%, compared with the year-ago period. Similarly, same-store sales for the quarter rose $39 million, or 4.33%.
For the quarter, the retailer also reported third-quarter net income jumped 18.33% to $7.1 million, compared with third quarter 2010.
Stater Bros. currently operates 167 supermarkets in Southern California.
Beauty mavens vote for their favorite cause online via ‘EcoTools Gives Back’
GURNEE, Ill. — EcoTools, a Paris Presents brand and a maker of eco-conscious personal care products, introduced in July “EcoTools Gives Back,” an online voting platform that enables consumers to vote for their favorite cause.
As part of its partnership with 1% For The Planet — an alliance of businesses committed to leveraging their resources to create a healthier planet — and EarthShare, EcoTools chose three charities and gave consumers a chance to decide for themselves how the brand’s yearly donation should be divided. The finalists included the following organizations, all of which are included in EarthShare’s network of causes:
- The Conservation Fund: Aims to protect America’s outdoors, from forests and fields to even the water’s edge, and strives to build both a healthy environment and a healthy economy;
- Ocean Conservancy: Seeks to keep Earth’s oceans clean and free of pollution, while working to keep the coast clear by stopping trash at the source before it reaches the coastline; and
- The Jane Goodall Institute: Improves global understanding and treatment of great apes through research, public education and advocacy, and contributes to the preservation of great apes and their habitats by combining conservation with education and promotion of sustainable livelihoods in local communities.
The donations from the contest were divided based on the percentage of total votes received for each charitable organization. The campaign resulted in 60,463 total votes, with 68% of the total for The Jane Goodall Institute. The Ocean Conservancy received 18% of the total votes and the Conservation Fund received 14%.