Watson’s Anda division to build Miss. warehouse, distribution center
PARSIPPANY, N.J. — Watson Pharmaceuticals will build a drug warehouse and distribution center in Mississippi, the drug maker said Thursday.
Watson said its Anda Distribution division would the $23.5 million, 234,000-sq.-ft. center in Olive Branch, Miss. The plant will employ 70 workers.
"Our new Olive Branch facility will enable Anda to maximize our proximity to and business relationship with Fed Ex, our current primary shipper," Anda Distribution EVP and COO Albert Paonessa said. "The new facility, as planned, will be more appropriately sized than our current leased facility in Phio, resulting in significant efficiencies that will further streamline Anda’s operations."
Mylan ships generic prostate drug
PITTSBURGH — Generic drug maker Mylan has begun shipping a drug for enlarged prostate, the company said Friday.
Mylan announced the launch of alfuzosin hydrochloride extended-release tablets in the 10-mg strength.
The drug is a generic version of Sanofi’s Uroxatral, which had sales of about $241 million during the 12-month period ended in June, according to IMS Health.
U.S. retail sales see slight gain for July
WASHINGTON — The U.S. Census Bureau reported that July sales increased 0.5% to $390.4 billion, a positive sign for consumers and retailers whose outlook on the economy may have floundered after the stock market endured a turbulent week.
Compared with the year-ago period, the Census Bureau disclosed that retail sales jumped 8.5%. Similarly, retail trade sales also rose 0.5% for the month and 8.9% above July 2010.
Across retail sectors, sales at grocery stores rose nearly 0.6% to nearly $46.3 million, up from nearly $46.1 million in June; while health and personal care stores edged up slightly by 0.1% to about $22.9 million, compared with $22.8 million in June, the Census Bureau said.
Although advanced estimates for pharmacies and drug stores are not included in the report, the government agency disclosed that sales decreased from May to June, dropping 0.14% to about $19.1 million.
In related news, Deloitte reported that its Consumer Spending Index rose for the first time since January, reflecting a rise in home prices and a slight improvement in real wages.