The pharmaceutical sector has been hit with grief following the sudden death of one of the UK’s most recognised entrepreneurs, Kirit Patel MBE. As Chief Executive of the Day Lewis group, Kirit gained much acclaim for his almost 40-year of retail pharmacy achievements, growing the company from two pharmacies in 1975 to over 240 pharmacies [...]
NHS England recently launched a new national framework agreement for the collection and disposal of unwanted medicines from pharmacies. Following a procurement process, five suppliers have been chosen and will be invited to ‘bid’ for contracts in local areas when current contracts expire. Changes aren’t happening straight away for pharmacies as implementation will be phased. [...]
Aptuit, LLC has announced that it has acquired Kuecept Ltd to meet strong customer demand for specialist drug pre-formulation, formulation prototyping and formulation development services. Located in London, Kuecept offers technical expertise in CRO services supporting preclinical drug development, in addition to providing pre-formulation testing, preclinical dose-vehicle screening and formulation development. Aptuit CEO, Dr Jonathan [...]
Reported in Reuters, Pfizer Inc (PFE.N) has approached Medivation Inc (MDVN.O) – the US cancer drug maker – regarding the possibility of an acquisition, and a potential bid rivalling a $9.3 billion offer by Sanofi SA (SASY.PA). The action comes less than a week after Sanofi made its own intentions known, in which Medivation declined [...]
Celesio may have to sell pharmacies in 13 areas of England and Wales for its takeover of Sainsbury’s pharmacies business to get the go-ahead. Celesio AG (Celesio), through its subsidiary Lloyds Pharmacy Limited (Lloyds), operates around 1,540 pharmacies across the UK. It intends to acquire 277 Sainsbury’s pharmacy stores, which are generally within or next to Sainsbury’s supermarkets. [...]
Martindale Pharma, the UK-based leading international specialty pharmaceutical company, has announced that it is expanding its international footprint in Saudi Arabia by signing a new distribution agreement with its long-standing partner Faisal Musaed El Seif Saudi Pharmaceutical Co, one of the leading healthcare distributors in the country. This agreement forms part of Martindale Pharma’s strategy to expand [...]
Allergan and Pfizer have announced that they are calling off their proposed merger. In December 2015, the two companies announced the proposed merger at a total enterprise value of approximately $160 billion, which would bring Pfizer back into a therapeutic area of focus of dermatology. It also would have created the world’s largest drug company [...]
