Watson seeks approval for acne, bronchospasm drugs
PARSIPPANY, N.J. — Generic drug maker Watson Pharmaceuticals is challenging the patent protection on a drug for acne and a drug for bronchospasm, the company said Monday.
Watson said it had filed a regulatory application with the Food and Drug Administration for a generic version of Galderma Labs’ Epiduo Gel (adapalene and benzoyl peroxide), a topical ointment for treating severe acne in patients ages 12 years and older. In response, Galderma filed suit against Watson on Friday in the U.S. District Court for the Northern District of Texas Dallas Division to prevent Watson from commercializing its product before the expiration of Galderma’s patents. Epiduo Gel had sales of about $199 million during the 12-month period ended in March, according to IMS Health.
The generis drug maker also filed an FDA approval application for legalbuterol tartrate inhalation aerosol, a generic version of Sunovion Pharmaceuticals’ Xopenox HFA, used to treat bronchospasm in patients ages 4 years and older with reversible obstructive airway disease. Sunovion filed suit against Watson on Friday in the U.S. District Court for the District of Delaware to prevent Watson from commercializing the drug. Xopenox HFA had sales of about $148 million during the 12-month period ended in March, according to IMS Health data.
Ingles Markets reports Q3 earnings
ASHEVILLE, N.C. — Ingles Markets reported a 0.7% rise in third-quarter net sales to a total of $917.8 million.
For the period ended June 23, the retailer said third-quarter net income saw a 3.1% gain to $13.1 million, compared with the year-ago period. Ingles Markets also said that — excluding gasoline, where retail prices were approximately ten cents per gallon lower in the June 2012 quarter compared with the year-ago quarter — grocery segment comparable-store sales increased 2.1%.
Basic and diluted earnings per share for publicly traded class A common stock were 56 cents and 54 cents for third quarter 2012, compared with 54 cents and 52 cents, respectively, during the year-ago period. Meanwhile, basic and diluted earnings per share for class B common stock were each 51 cents for the third quarter, compared with 49 cents of basic and diluted earnings per share in the same period last year.
Ingles Markets also reported that for the first nine months of fiscal 2012, net sales rose 2.4% to $2.72 billion and net income increased 7.4% to $30.2 million, compared with the first nine months of fiscal 2011.
"We opened our new distribution center in June and we are pleased with the initial results," Ingles Markets CEO Robert Ingle II said. "We are also pleased with our sales and profit growth for the third quarter and the first nine months of fiscal year 2012."
Research report: Most retailers plan to use mobile gift cards
SAN DIEGO — Research released by Transaction Wireless and Aberdeen Group, which examined the benefits of mobile and digital gifting and emerging trends in mobile and social frontiers, found a shift toward digital gifting.
In fact, online gift cards have risen to prominence in the past few years and now are used by nearly one-third (28%) of retailers. More than half — 61% — plan to use mobile gift cards, and 43% of customers prefer to use the mobile medium for gift cards.
Nearly one-third (31%) of customers said they prefer a website for digital gifts, and another 31% said they prefer Facebook.
Half (51%) of retailers list the convenience for using gift cards on the mobile device as a top benefit of mobile gifting; the second most commonly cited benefit of mobile gift cards is their anytime, anywhere access.
Forty-one percent of retailers said that mobile gifting should provide an end-to-end, 360-degree unified shopper experience across multiple channels of sales and service. And, according to 38% of retailers, personalization of mobile gifting is the most important element for securing customer adoption.
“Digital gift cards are fast becoming a reality in retail and are in fact surpassing the interest in traditional plastic gift cards,” said Thomas Niedbalski, senior VP business and client development for Transaction Wireless.
A white paper detailing the report is available for download here.