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Diabetes, bone, pain drugs may face German price cuts

Posted: Published on April 19th, 2013

FRANKFURT (Reuters) - Drugs from Novo Nordisk, Amgen, Bayer and other companies could face price cuts in Germany as the country's medical cost-benefit agency widens a review into the value offered by medicines. The Federal Joint Committee, or G-BA, said on Thursday it would review the cost-effectiveness of a range of drugs in different treatment areas. The list includes Novo's diabetes drug Victoza, Bayer's blood-thinner Xarelto, Amgen's osteoporosis medicine Prolia, Johnson & Johnson's painkiller Nucynta and Roche's rheumatoid arthritis drug Actemra. Other drugs in the same therapeutic class will also be covered by the review. The G-BA, which will look at the affected drugs one at a time over the coming months, picked these products because they are among the biggest-selling in Germany, based both on revenues and volume sales. Germany introduced a new system in January 2011 under which newly launched drugs are only allowed free pricing for one year, after which prices are negotiated based on a cost-benefit analysis. The latest initiative by the G-BA extends this system to certain medicines already on the market. Countries across Europe are taking a harder line in demanding that drugmakers show that the price of their products is commensurate with their … Continue reading

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Hyun Lee Suing CVS Pharmacy for Writing 'Ching Chong Lee' on Receipt (Video)

Posted: Published on April 19th, 2013

Hyun Lee has filed a $1 million lawsuit against pharmacy giant CVS because a company cashier wrote "Ching Chong" on her receipt for some photographs (video below). Attorney Susan Chana Lask said Lee used her own name when ordering pictures online, but her name was written as Ching Chong Lee on the receipt on February 7 at a CVS in Egg Harbor City, New Jersey, reports CBS New York. Lee complained to CVS and was told the unidentified employee would be counseled and trained. Theres no amount, in my opinion, of training from CVS or any company thats going to stop this kind of hate and bullying against someones race, Lask told WCBS 880 AM. CVS touts that they make $300 billion a year on their filings, then $1 million should be enough to teach them a lesson that their employees should not be getting away with this." [The employee] should have been terminated immediately, Lask told ABCNews.com. [Lee] never got an apology. She never got anything further after she complained. It appears that the employee is still there. [Lee] will not return to that CVS until that employee is removed. CVS/Pharmacy is committed to treating all of our customers … Continue reading

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Online pharmacy in counterfeit scandal lays off hundreds: Source

Posted: Published on April 19th, 2013

WINNIPEG - The Winnipeg-based online pharmaceutical company at the centre of multiple counterfeit medication controversies laid off hundreds of employees worldwide Thursday. CanadaDrugs.com, which has been the subject of investigations into the sale of counterfeit cancer medications to U.S. clinics, orchestrated a large downsizing Thursday at its Winnipeg headquarters, as well as at operations in the United Kingdom and Barbados, according to a source familiar with the companys operations. Last summer around the world the company would have been, at its biggest, about 575 staff, the source, speaking on condition of anonymity, said, and Id say after today, theyre probably down to 75. The source estimated there were 50 people in Winnipeg let go, but said there could be more. Canada Drugs made news across North America last spring when the U.S. Food and Drug Administration launched an investigation into the companys connection to the distribution of counterfeit Avastin, a cancer-fighting medication. Here is the original post: Online pharmacy in counterfeit scandal lays off hundreds: Source … Continue reading

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1derful Wednesday | What Makes My Pharmacy Great | Renee Yvonne |Compound Pharmacy Marketing – Video

Posted: Published on April 19th, 2013

1derful Wednesday | What Makes My Pharmacy Great | Renee Yvonne |Compound Pharmacy Marketing How do I differentiate my pharmacy from the others out there? Check out the video for my suggestions on how to do that Want to have your question answered on... By: Renee Moore … Continue reading

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Pregnant workers at Glendale pharmacy robbed by silent gunman

Posted: Published on April 19th, 2013

Carrying a gun, a man walked into a Glendale pharmacy at noon Wednesday and handed a note over the counter. "Norco," it said, without elaboration. The robber's terse note referred to a prescription brand of painkiller containing hydrocodone. The two women working at Arianna Medical Pharmacy, who are both pregnant, handed over a 500-pill bottle, and the man left without speaking. "Nothing. Not one single word," said Carmen Sefyan, the business's pharmacist in charge. She said it was the first robbery in the two-plus years the business has been open. No one was hurt, and the robbery was over almost before they knew it. "It was like a total of a minute," Sefyan said. "Obviously they were in fear for their life. It was nerve-racking," said Sgt. Tom Lorenz, a Glendale police spokesman. The man was last seen in a dark car heading north on North Verdugo Road, possibly toward the 210 or 2 freeway. He's white, looked to be in his mid-30s and was described as 5 feet 10 or 11 inches and 175 to 190 pounds. Lorenz said such robberies have happened before at Glendale pharmacies. But he said addicts usually commit nonviolent crimes, either breaking into pharmacies … Continue reading

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Pharmacy owner won't let destruction from robbery stop business

Posted: Published on April 19th, 2013

KANSAS CITY, MO (KCTV) - Thieves smashed their way into a business that an entire neighborhood counts on, but the owner of a Kansas City pharmacy is determined to keep helping his customers. Workers had to board up a hole in the wall of Spalitto's Pharmacy, located at Independence and Cleveland Avenue, after the destruction, but that won't stop its owner. He is the third generation of his family in the business and they're not about to let the damage stop him from serving his customers now. Spend any time with Pete Spalitto and people will quickly see it takes more than a hole in the wall to slow him down. "We're actually doing business," he said. "We're back to normal, everything's running fine. We've just got a lot of damage we've got to repair." Damage caught on surveillance video about 2:45 a.m. Thursday shows a white minivan backing into the business' side door twice before it bursts through the wall, sending prescription drugs flying. "Some of them bottles are $400 and $500 a bottle," Spalitto said. Add to that $60,000 to $80,000 to repair the wall and Spalitto's looking at a $100,000 loss. It's a huge sum compared to … Continue reading

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Police: Man said ‘I’m sorry’ before robbing Walgreens pharmacy in Summerville

Posted: Published on April 19th, 2013

Quick links to other pages on this site | Still can't find it? see Site Index Staff report A man who robbed a Walgreens pharmacy in Summerville Tuesday first apologized to employees before demanding pills, police said. Police officers were dispatched to the pharmacy at 1120 N. Main St. concerning a robbery, an incident report states. Surveillance video showed a man walk into the store shortly before 6:30 p.m. wearing a black Planet Fitness shirt and dark shorts with white stripes down the sides, police said. Store employees did not notice the man at first, but told police they did remember seeing him walk into a bathroom. The robber came out of the bathroom a short while later and walked toward the pharmacy counter, police said. Im sorry to do this to you, the man said before demanding that the pharmacists hand him Opana and oxycodone within the next two minutes. He counted down aloud as the pharmacists grabbed three pill bottles, according to the incident report. The robber kept his left hand in his pocket as though he was holding a weapon, police said. The man apologized again before fleeing the store. Anyone with information can call Crime Stoppers … Continue reading

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StemCells, Inc. Adds Byers Eye Institute at Stanford as Second Site for Phase I/II Clinical Trial in Dry Age-Related …

Posted: Published on April 18th, 2013

NEWARK, Calif., April 18, 2013 (GLOBE NEWSWIRE) -- StemCells, Inc. (STEM) today announced the addition of the Byers Eye Institute at Stanford, located in Palo Alto, Calif., as a second site for the Company's Phase I/II clinical trial of its proprietary HuCNS-SC(R) product candidate (purified human neural stem cells) in dry age-related macular degeneration (AMD). AMD is the leading cause of vision loss and blindness in people over 55 years of age, and approximately 30 million people worldwide are afflicted with the disease. Approximately 90 percent of AMD patients have the dry form of the disease and there are no approved treatments for dry AMD. The Byers Eye Institute at Stanford, which is part of Stanford Hospital & Clinics, is dedicated to combating blindness and preserving sight. The Institute leverages the research and teaching strengths of Stanford and integrates all vision care services at Stanford into one state-of-the-art facility. Theodore Leng, MD, FACS, clinical assistant professor in ophthalmology at the Stanford University School of Medicine, is the lead investigator at the site. Stanford's Department of Ophthalmology is a nationally acclaimed leader for treatment of retinal diseases, refractive disorders, neuro-ophthalmic disorders and diseases of the vitrea. "We are excited to be … Continue reading

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Scientists Find Way to Fast-Track Production of Stem Cells that Show Promise in Treating AMD

Posted: Published on April 18th, 2013

Controlling the differentiation of human pluripotent stem cells is the goal of many laboratories, both to study normal human development and to generate cells for transplantation in treating various diseases and conditions. In a study published in STEM CELLS Translational Medicine, a team of researchers found a way to isolate RPE (retinal pigmented epithelial) cells, a cell type that protects and nourishes the photoreceptors and is vital in maintaining healthy eyesight, as early as 14 days following the onset of differentiation. Durham, NC (PRWEB) April 18, 2013 In fact, the dysfunction and death of RPE is thought to be behind the leading cause of blindness in the Western world age related macular degeneration. Transplantation of RPE cells into the retina to treat AMD has been demonstrated in animals and is now being tested in clinical trials in humans. However, protocols to generate RPE from human pluripotent stem cells are time consuming and relatively inefficient. But a team of scientists at the University of California, Santa Barbara, reports in the latest issue of STEM CELLS Translational Medicine that it has found a way to isolate RPE cells as early as 14 days following the onset of differentiation. "RPE cells are required … Continue reading

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Reinventing drug discovery

Posted: Published on April 18th, 2013

Public release date: 18-Apr-2013 [ | E-mail | Share ] Contact: B. D. Colen bd_colen@harvard.edu 617-413-1224 Harvard University Cambridge, MA, April 18, 2013 - Using a new stem-cell based drug screening technology with the potential to reinvent and greatly reduce the cost of the way new pharmaceuticals are developed, Harvard Stem Cell Institute (HSCI) researchers have found a compound more effective in protecting the neurons killed in amyotrophic lateral sclerosis (ALS) Lou Gehrig's disease than two drugs that failed in human clinical trials after hundreds of millions of dollars had been invested in them. The new stem cell screening technique developed by Lee Rubin, a member of HSCI's Executive Committee and a professor in Harvard's Department of Stem Cell and Regenerative Biology, successfully predicted that the two drugs that eventually failed in the third and final stage of human testing would, in fact, fail. "It's a deep, dark secret of drug discovery that very few drugs have been tested on human-diseased cells before being tested in a live person," said Rubin, who heads HSCI's program in translational medicine. "We were interested in the notion that we can use stem cells to correct that situation." Rubin's model is built on an … Continue reading

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