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Innovation, BU WISE publish paper on Rx operations optimization

BY David Salazar
JOHNSON CITY, N.Y. — Pharmacy intelligence and automation company Innovation announced Wednesday that a collaborative thesis paper by its Advanced Systems division and Binghamton University’s Watson Institute for Systems Excellence (BU WISE) had been published in Expert Systems With Applications, a leading journal on artificial intelligence. 
 
The paper, “Pharmacy Robotic Dispensing and Planogram Analysis Using Association Rule Mining with Prescription Data,” provides details on an approach to determining prescribed medication associations in a high-volume pharmacy. It incorporates research touting the positive effects of a technique that uses an optimal fulfillment location for a medication based on how frequently it is associated with another medication. The effects include a reduction in the overall processing cost of dispensing a pharmacy’s inventory. 
 
“In this research, we applied big-data analytics to enhance the efficiency of pharmacy automation and management by finding different rules and patterns of subscribed medications,” Binghamton University assistant professor Dr. Sangwon Yoon said. 
 
Yoon added that the research can be applied to enhance pharmacy automation technology and management, as well as to understand adherence and compliance in the future. 
 
“This important paper is evidence of the practical advantages possible when academia and industry focus together on important challenges,” Innovation COO Tom Boyer said. “Innovation and our partners at Binghamton University are committed to the adoption and integration of emerging technologies and proven industrial best practices. The valuable improvements in pharmacy operations that result produce significant benefits to our customers and, most importantly, the patients they serve.”
 
Innovation has also teamed with BU WISE on a two-day symposium, “Exploring Successful Change Management for Pharmacy Operations,” which will be held April 9 and 10 at Binghamton University. The symposium will use industry lessons and methodologies and relate them to pharmacy operations. 
 
“Our partnership with Innovation, a leader in pharmacy automation, provides our graduate students and faculty with great opportunities to test some of their newly developed algorithms,” said Dr. Mohammad Khasawneh, Binghamton University professor and BU WISE associate director. “In addition to accomplishing significant return on investment for our industry partners, collaborative efforts like (this paper) are indeed critical to our educational mission at the university.”
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Express Scripts: 2015 FDA approvals hit all-time high

BY David Salazar
ST. LOUIS — A new analysis by Express Scripts is taking a look at the record-breaking number of drug approvals that came from the Food and Drug Administration in 2015. The company notes that 56 drugs were approved by the FDA last year, a number that topped the previously held record of 53 approvals from 1996. 
 
Among the highlights Express Scripts points out was the introduction of the first biosimilar in the United States, Zarxio (filgrastim-sndz), which was approved by the FDA in March 2015. Additionally, Express Scripts notes the approval of a new class of specialty cholesterol treatments known as PCSK9 inhibitors. Two of these treatments — Amgen’s Repatha (evolocumab) and Sanofi’s and Regeneron’s Praluent (alirocumab) — were approved last year. 
 
Additionally, Express Scripts remarked on the growth in specialty pharmacy, pointing out the 15 new cancer drugs, some of which were among the nine breakthrough therapies the FDA approved. Additionally, there were new cardiac drugs, including Amgen’s Corlanor (ivabradine) for heart failure patients and Novartis’ Entresto (sacubitril/valsartan) for heat failure patients. 
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T.Young says:
Mar-28-2016 12:13 pm

Thanks.

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Triscuit donating $250,000 to food maker projects on Indiegogo

BY Gina Acosta

EAST HANOVER, N.J. — The popular snack brand Triscuit is getting behind a cause that is near and dear to the heart of all food lovers.

The company announced Wednesday that it will be flash-funding more than 50 food makers' campaigns on Indiegogo. Celebrity chef Giada De Laurentiis partnered with Triscuit to announce the news.

"Like Triscuit, I have great admiration for today's community of food makers, because I know the kind of work that goes into taking a simple idea and building something impactful," said Giada. "I'm thrilled to be working with the brand to elevate and encourage new small businesses at various points on their journey from concept to success."

In 2015, Triscuit partnered with five artisanal food businesses with a shared focus on simple ingredients and delicious, real food to create products that paired perfectly with Triscuit. In 2016, the brand is going a step further, opening the door to more makers with more varied talents to deliver more inspiration.

"Indiegogo has a robust community of entrepreneurs, makers, and innovators and they, in turn, have authentic stories and passionate communities," said Slava Rubin, co-founder and chief business officer of Indiegogo. "Triscuit's maker-focused mission is very much aligned with that of our campaigners, so we're incredibly excited to work together on a sponsorship program of this nature."

Businesses being funded on Indiegogo range from small farms to microbrewers to food trucks, with representation across the United States and Canada. Triscuit supported projects big and small to give makers the opportunity to turn their simple idea into so much more, the company says.

"Triscuit was started in 1902 by an enterprising small business owner who created a woven cracker starting with three simple ingredients- wheat, oil, and salt," said Julia Nathan, brand manager for Triscuit. "That same dedication to maximizing something simple lives on, and we want to encourage it wherever we find it."

To read more about the Triscuit-Indiegogo partnership, click here.

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