Financial News

02/28/2013 - 6:47pm
Outlook for biosimilars remains cloudy

Biosimilar medicines have been approved and routinely prescribed in Europe for nearly seven years, and creation of a clear pathway for Food and Drug Administration review and approval of generic versions of bioengineered drugs was enshrined into law in the United States with the passage of the Patient Protection and Affordable Care Act nearly three years ago.

02/28/2013 - 3:45pm
Mylan posts double-digit growth in 2012

Mylan had sales of $1.72 billion in fourth-quarter 2012 and $6.8 billion for fiscal year 2012, the generic drug maker said.

02/28/2013 - 2:58pm
Mylan acquires Indian injectables maker

Mylan has bought a manufacturer of generic injectables for $1.6 billion, the company said.

02/28/2013 - 1:10pm
Rite Aid Foundation awards $15,000 for Ala. vision-screening program

Rite Aid's philanthropic arm has donated $15,000 to an organization that works with universities to develop social-justice projects.

02/28/2013 - 12:37pm
Sears Holdings narrows losses in Q4, FY2012

Kmart's comps declined 3.7% for the fourth quarter and fiscal year 2012, while parent company Sears Holdings' integrated online business grew by 25% for the quarter and 17% for the year, Sears Holdings said Thursday.

02/28/2013 - 12:01pm
Ahold to roll out more Peapod pickup points in 2013

Keeping stores open during Hurricane Sandy was one of the factors that contributed to an increase in total store sales and comps in the fourth quarter and fiscal year 2012 for Ahold USA, the supermarket operator's Dutch parent company said Thursday.

02/27/2013 - 3:49pm
Dollar Tree reports Q4, 2012 fiscal year results

Dollar Tree reported consolidated net sales for the fourth-quarter jumped 15.4% to $2.25 billion compared with $1.95 billion reported for the quarter ended Jan. 28, 2012.

02/27/2013 - 1:41pm
Reports: Flowers Foods to buy Wonder Bread

According to published reports, Flowers Foods is set to buy Hostess bread brands, including Wonder bread, for $360 million after no other bidder came forward with a competing offer, a source familiar with the sale acknowledged Wednesday.

02/27/2013 - 12:42pm
Target Canada rollout to be bigger than any annual U.S. rollout to date

Target is planning a rollout in Canada that will be bigger than any single year's worth of its store openings in the United States ever, executives of the company said Wednesday morning in a call with Wall Street analysts to discuss the mass merchandise retailer's fourth-quarter and full-year 2012 results.

02/26/2013 - 2:07pm
Reports: Elan not responding to acquisition offer from Royalty Pharma

A privately owned drug maker in New York is offering $6.5 billion for Irish drug maker Elan Corp., but hasn't heard back from it, according to published reports.

© 2013 Drug Store News. All Rights Reserved.