Amerigen launches generic Targretin capsules
Amerigen Pharmaceuticals has introduced its generic Targretin capsules (bexarotene capsules). The drug is indicated to treat skin problems that arise from cutaneous T-cell lymphoma in patients who have not responded well to other treatments.
Amerigen’s generic Targretin capsules will be available in 75-mg dosage strength. It will be marketed by the Lyndhurst, N.J.-based arm of the company.
Fred’s closes specialty pharmacy sale
Fred’s has completed the sale of its specialty pharmacy business. The Memphis, Tenn.-based company unloaded the business unit, EntrustRx, to a CVS Health subsidiary for a $40 million aggregate consideration, plus the value of its inventory.
“We are pleased to conclude the sale of EntrustRx, an important step in our plans to monetize non-core assets as part of our broader turnaround efforts.,” Fred’s interim CEO Joe Anto said of the deal. “The cash proceeds will allow us to pay down a significant portion of our debt and also be used for general corporate purposes.”
The EntrustRx sale, first announced in April, was part of the company’s efforts to reduce its debt load as it looks to turn the company around, alongside selling parts of its real estate portfolio and reducing expenses, among other efforts.It also has said it was exploring options for its retail pharmacy business. For the full-year 2017, Fred’s reported a $139.3 million net loss and its debt load increased as part of its plan to acquire divested stores from Rite Aid as part of the initial scrapped Walgreens attempt to purchase the Camp Hill, Pa.-based company.
Fred’s is set to report its first-quarter results on June 14.
Thrifty White chooses PrescribeWellness to drive outcomes
Thrifty White’s pharmacies will soon be powered by PrescribeWellness’ technology. The Plymouth, Minn.-based chain will use PrescribeWellness’ platform to offer clinical services, enhance patients’ experiences and offer comprehensive patient engagement and support services — all with the goal of improved outcomes, the companies said.
“As outcomes become more important, those best able to engage with the patient will win,” said Bob Narveson, president and CEO of Thrifty White, which has more than 100 stores in six states. “We made the choice in 2012 to focus on driving quality outcomes and creating a better pharmacy experience versus being fast and cheap. Our PrescribeWellness partnership will advance this vision, enabling us to seamlessly provide high-touch healthcare in the community and remain a trusted member of the healthcare team.”
Irvine, Calif.-based PrescribeWellness’ PrescribeCareplatform is meant to make pharmacist interventions easier and support chronic care management. It offers a single view of each patient, as well as their medication regimen and engagement suggestions. PrescribeWellness said it would allow Thrifty White to sync patients’ medications and offer immunizations, health screenings, disease-state management, medication therapy management and other services.
The platform also includes collaborative practice agreement contracting, clinical guidelines support, billing support for pharmacist medical services, electronic health record connectivity, workflow optimization and other features.
“There is an explosion of chronic disease in this country, and community pharmacies play a critical role in battling it and improving the health of Americans,” said Al Babbington, CEO of PrescribeWellness. “Thrifty White was an early adopter of the patient-centric approach, and we are pleased to provide them with the tools they need to more effectively treat their patients, achieve better outcomes and get paid for the valuable work they do.”