DOCSLIB.ORG

Bayer Sharpens OTC Focus with Sale of Diabetes Care

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Bayer Sharpens OTC Focus with Sale of Diabetes Care OTC26-06-15p1_OTC15/11/2005 p1&24 24/06/2015 09:14 Page 1 26 June 2015 COMPANY NEWS 3 Bayer sharpens OTC focus Pfizer growsits footprint 3 with new facilityinChina OTCmachines offered in US 3 CVS to pay US$1.9bn for 4 with saleofDiabetes Care Target pharmacybusiness Weifaset to enlarge 5 ayer is set to sharpen its focus on its tour as the Consumer Health unit’sbiggest-sell- itsOTC operations Brecently-expanded OTCbusiness by ing franchise (see Figure 1). OTCcompanies need 6 selling its Diabetes Careunit –which in- Werner Baumann,Bayer HealthCare’schief to pricesmarter cludes anumber of OTCdiagnostic devices – executive officer,said that the companywas Mission adds expertise 8 to Panasonic HealthcareHoldings for C1.02 confident that its Diabetes Care business would in transdermal patches billion. The deal is expected to close in the thrive as part of Panasonic HealthcareHoldings Merz lookingfor innovativefirms 8 first quarter of 2016. –which wasbacked by private-equity firm Sanofi’s NasacortAllergy 9 The business includes the Contour line of KKR and technology giant Panasonic –point- to enter Canadian market blood-glucose monitoring meters and strips, ing out that the German companyhad along- Phynovaopens up 10 which is the Bayer Consumer Health unit’s standing relationship in the diabetes sector with pipelineofTCMs biggest-selling brand, with sales of C658 mil- the Japanese firm. lion in 2014. Commenting on the deal, KKR said that GENERAL NEWS 12 Outside of Europe, Diabetes Care products in partnership with Panasonic it would create were sold directly to consumers through phar- a“global diabetes care powerhouse” with the Greek pharmacists strike 12 macies, drugstores and mass merchandisers, aim of transforming the diabetes-care industry. over wider access to OTCs Bayer pointed out, while in Europe theywere ASMI welcomes reportonselfcare 12 primarily sold via pharmacies. Focus on Life Sciences Canada approves IBS-reliefproduct 12 Diabetes Care forms part of Bayer Con- Bayer announced in September last year that OTCibuprofen gets allclear 13 sumer Health’sMedical Care unit, along with it intended to focus entirely on its Life Sciences from New Zealand agency the company’sradiology products. Bayer Con- businesses –including its consumer healthcare Perrigotolaunch 13 sumer Health also includes the German firm’s interests –byspinning offits MaterialScience store-brand Mucinex D Animal Health and Consumer Care units. Bayer polymers operation (OTC bulletin, 26 Sept- Consumer Health is adivision of the Bayer ember 2014, page 9). MARKETING NEWS 14 HealthCare sub-group. By floating the MaterialScience business UPSA adds granules to 14 Selling the Diabetes Care business will see on the stock market, Bayer claimed it would EfferalganlineinFrance Consumer Care –which wasexpanded signifi- position itself as a“world leader” in the fields Benecol debutsinChina 15 cantly when Bayer acquired Merck &Co’s of human, animal and plant health. in solublepowder format Consumer Care operation and its Claritin, Cop- Earlier this month, the companysaid that Nelsons backs Arnicare cream 15 pertone, Dr Scholl’sand MiraLAX brands late the MaterialScience unit would change its name Scandinavia will be first 16 last year (OTC bulletin,10October 2014, page to Covestro on 1September and be floated on to seeSwimCount launch 1) –become Consumer Health’sprimary focus. the stock market by “mid-2016 at the latest”. Insomniadevicelaunched in UK 16 Furthermore, the OTCloratadine-based al- MaterialScience reported annual sales of Sudocrem’s app inspired 17 lergybrand Claritin will takeoverfrom Con- C11.7 billion in 2014. by Britishsummer fêtes Contour Clarityn FEATURES 20 Other five Other five brands brands Advantage Empowerment key to 20 (Animal driving OTC growth Aspirin Health) Merck taps consumers 24 for inspiration REGULARS Advantage Aspirin Events – Our regularlisting 19 Bepanthen (Animal Health) Bepanthen People – Smithappointed PAGB 27 Aleve Aleve chiefwithDarracott as deputy Consumer Health’s top-10 brands by sales pre- and post- acquisition of Merck Consumer Careand sale of Diabetes Care, based on Bayer’s third-quarter 2014 and first-quarter 2015 results (Source –Bayer) Generics Sister Ad 04-2015_Generics Sister Advert 23/04/2015 10:44 Page 1 All that’s happening in generics and biosimilars Writtenbygenerics specialists from agenerics industryperspective The bestdecision-makers in thegenerics industrydon’thave thetimetogolooking for good information. They let it cometothem.They subscribe to Generics bulletin. GOOD VALUE Join thousands of subscribers from competitor companies in nearly 60 countries who Individual subscriptionrates arealready benefitting from commercial intelligence about businessopportunities in startfromjust theglobal generic medicines and biosimilars markets. £895 INDIVIDUAL SUBSCRIPTIONS An annual subscriptioncomprises: n 20 Generics bulletin newsletters; n AND at least 46 weekly News@Genericsbulletin electronicnewsflashes containing the week’s top news stories(currentlydelivered by email). CHOICE OF FORMATS The 20 Generics bulletin newslettersare available: n EITHER as thedigital Generics bulletin-i for online access by desktop AND tablet and smartphone. These mobile devices can have AppleorAndroidoperating systems; n OR in traditional hard-copyprint format, delivered by airmail; CORPORATE SUBSCRIPTIONS Acorporatesubscription provides location-,country- or company-wide access to Generics bulletin-i. Contact [email protected]. AVAILABLEINSTANTLY WORLDWIDE Generics bulletin-i is the digital i-edition of Generics bulletin.Now available online fordesktop access, it delivers the latest Generics bulletin on the day of publication withnopostal delay.Italso comes –atNOEXTRA CHARGE –asanapp for mobile access by tablet and smartphone. Generics bulletin-i subscribers also get access to afully-searchable archive.This contains overfiveyears of generics news and analysisinmore than 100 back issues. These offer an invaluable resource for researching marketingopportunities, benchmarking competitivestrengths, evaluating regulatory changesand assessing product developments. Existingsubscribers can get 20% OFF when theyupgrade theirsubscriptions to include Generics bulletin-i.Contact [email protected]. Take out asubscriptionTODAY at www.Generics-bulletin.com or contact: [email protected] Bulletin PublishingGroup, OTCPublications Ltd, 4Poplar Road, Dorridge, SolihullB93 8DB, UK. (Tel: +44 (0)1564 777550; Fax: +44 (0)1564 777524). Registered in England No: 2765878. VATNo: GB 608 0432 69 OTC26-06-15p2-9_Layout 1 23/06/2015 17:47 Page 3 COMPANY NEWS OTC Retailing BusinessStrategy OTC machines Pfizer grows its footprint offered in US withnew facility in China elf-service machines offering consumers Sarange of OTCmedicines could soon be fizer has begun construction of aUS$95 particularly in China,”Schmeltz explained. found across the US, as manufacturer Pharma- Pmillion (C84 million) OTCmanufacturing Noting that Pfizer also had plans to house a box rolls out its “automateddrugstore”. facility in Suzhou, China, in response to “grow- research and development facility on the site, Describing the machine –known as the ing demand” for its consumer healthcare prod- Schmeltz pointed out that this would help the Pharmabox –asa“pharmacyatyour finger- ucts in the Asia-Pacific region. firm to develop “innovative”consumer health- tips”, Pharmabox noted that its “unique self- Located near the firm’sexisting facility in care products for consumers in the region. service kiosk” carried over140 items typically Suzhou, the newplant would initiallymanufac- Pfizer’sexisting production facility in Su- found in alocal drugstore. ture Caltrate dietary supplements and Centrum zhou, which opened in 1994, had been expand- The Pharmabox offered arange of OTC multivitamins, Pfizer said, with plans to extend ed anumber of times, the companynoted, “to and personal-care brands, the firm pointed out, production to additional products in the future. keep pace with adouble-digit growth in de- including Benadryl allergy products, Listerine Commenting on the move,Andy Schmeltz, mand for the Caltrate and Centrum brands”. mouthwashes, Trojan condoms, Tylenol pain- Pfizer Consumer Healthcare’sregional presi- The facility employs astaffof700 and pro- killers and Zantac heartburn treatments. dentfor Asia-Pacific and Europe, Middle East duces arange of OTCbrands includingRobi- Claiming that the Pharmabox was“unique and Africa, said Asia-Pacific wasa“large and tussin cough and cold products, as well as Cal- in the automated-retailing industry”, the com- rapidly-growing region” for the company’sCon- trate and Centrum, plus anumber of prescrip- panysaid the vending machines offered “well- sumer Healthcare division. tion medicines. known products at the same or lower prices “The newplant in Suzhou will give us the Keith Choy, Pfizer Consumer Healthcare’s than found in most pharmacies”. production capacity we need to meet increasing regional general manager for North Asia, said The Pharmabox wasdesigned to get OTC demand for our consumer healthcarebrands, thenew facility would build on the “strong foun- and personal-care products into communities dation” the companyalready had in Suzhou. that were “not well-served by traditional bricks “Weare confident that as we expand with our and mortar pharmacies”, the firm said, noting newsite here, we will build on the productive that its machine could be placed “anywhere IN BRIEF and mutually-beneficial relationships
Load more

Recommended publications
  • Aqualis ASA (A Public Limited Liability Company Organised Under the Laws of Norway) Org.No
    Aqualis ASA (A public limited liability company organised under the laws of Norway) Org.no. 913 757 424 The information in this prospectus (the "Prospectus") relates to (i) a underwritten rights issue (the “Rights Issue”) by Aqualis ASA (“Aqualis” or the “Company”, and when taken together with its consolidated subsidiaries, the “Group” or the “Aqualis Group”) and the listing on Oslo Børs of up to 8,882,575 new shares in the Company with a par value of NOK 0.1 each (the “Rights Issue Shares”), issued for a subscription price of NOK 3.96 per share (the “Subscription Price”), (ii) listing of 4,375,000 new shares in Aqualis, each with a par value of NOK 0.1 each (the “Private Placement Shares”) and (iii) listing of 14,865,621 new shares in Aqualis, each with a par value of NOK 0.1 each (the “Consideration Shares”, and together with the Rights Issue shares and the Private Placement Shares the “New Shares”). Subscription Period for the Rights Issue: From 24 June 09:00 (CET) to 8 July 16:30 (CET) Trading in Subscription Rights: From 24 09:00 (CET) 4 July 16:30 (CET) The shareholders of the Company as at 11 June 2019 (and being registered as such in the Norwegian Central Securities Depository (the "VPS") on 13 June 2019 pursuant to the two days' settlement procedure (the "Record Date")) (the "Existing Shareholders"), will be granted subscription rights in the Rights Issue that, subject to applicable law, provide preferential rights to subscribe for and be allocated Rights Issue Shares at the Subscription Price (the "Subscription Rights").
    [Show full text]
  • Aqualis Offshore Holding ASA (A Public Limited Liability Company Organised Under the Laws of Norway) Org.No
    Aqualis Offshore Holding ASA (A public limited liability company organised under the laws of Norway) Org.no. 913 757 424 Listing of 43,190,544 shares in Aqualis Offshore Holding ASA (the “Shares”) on the Oslo Stock Exchange (the “Listing”) The first day of listing of Aqualis Offshore Holding ASA (“New Aqualis” or the “Company”, together with its subsidiaries the “New Aqualis Group” or the “Group”) on the Oslo Stock Exchange is expected to be 13 August 2014 and trading in the shares will commence on the date of listing, under the trading symbol AQUA. Investing in the Shares involves a high degree of risk. See section 2 “Risk Factors” beginning on page 15. THIS PROSPECTUS SERVES AS A LISTING PROSPECTUS ONLY, AS REQUIRED BY NORWEGIAN LAW AND REGULATION. THIS PROSPECTUS DOES NOT CONSTITUE AN OFFER TO BUY, SUBSCRIBE OR SELL ANY OF THE SECURITIES DESCRIBED HEREIN, AND NO SECURITIES ARE BEING OFFERED OR SOLD PURSUANT TO IT. Manager: 12 August 2014 AQUALIS OFFSHORE HOLDING ASA IMPORTANT INFORMATION For the definitions of terms used throughout this Prospectus, see section 17 "Definitions and glossary of terms" of this Prospectus. This prospectus (the “Prospectus”) has been prepared to comply with the Norwegian Securities Trading Act of 29 June 2007 no. 75 (the “Norwegian Securities Trading Act”) and related secondary legislation, including the Commission Regulation (EC) no. 809/2004 implementing Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 regarding information contained in prospectuses (the “Prospectus Directive”) as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements (hereafter “EC Regulation 809/2004”).
    [Show full text]
  • Package Leaflet: Information for the User Trampalgin 37.5 Mg/325 Mg
    Package leaflet: Information for the user Trampalgin 37.5 mg/325 mg tablets tramadol hydrochloride/paracetamol Read all of this leaflet carefully before you start taking this medicine because it contains important information for you. • Keep this leaflet. You may need to read it again. • If you have any further questions, ask your doctor or pharmacist or nurse. • This medicine has been prescribed for you only. Do not pass it on to others. It may harm them, even if their signs of illness are the same as yours. • If you get any side effects, talk to your doctor or pharmacist or nurse. This includes any possible side effects not listed in this leaflet. See section 4. What is in this leaflet: 1. What Trampalgin is and what it is used for 2. What you need to know before you take Trampalgin 3. How to take Trampalgin 4. Possible side effects 5. How to store Trampalgin 6. Contents of the pack and other information 1. What Trampalgin is and what it is used for Trampalgin is composed of two pain relieving active substances, tramadol and paracetamol. Trampalgin is used to treat moderate to severe pain when your doctor recommends that a combination of tramadol and paracetamol is needed. Trampalgin is intended for adults, adolescents and children over 12 years of age. 2. What you need to know before you take Trampalgin Do not take Trampalgin • if you are allergic (hypersensitive) to the active substances tramadol and paracetamol or any of the other ingredients of Trampalgin • in cases of acute poisoning with alcohol, sleeping pills, pain relievers or psychotropic drugs (that affect mood, emotions and state of mind).
    [Show full text]
  • Let Food (Supplements) Be Thy Medicine
    4-Feb-19 7:40 AM Italian Equity Research PHARMANUTRA BUY Sector: Pharmaceutical New Coverage TP 21.50 Let Food (Supplements) Be Thy Medicine New Coverage Target price upside: +25% We initiate coverage on Pharmanutra with a BUY rating and a Target Price of EUR21.50 per FY18E FY19E share, providing 25% upside to the current share price. The Group is an undisputed leader in Change in EPS est. iron food supplements market (Sideral® has gained a 50% market share in Italy), and a 0.0% 0.0% credible challenger in the topical anti-inflammatory market (Cetilar® is quickly gaining market share). Thanks to an Intellectual Property (IP) production and management strategy Ticker (BBG, Reut) PHN IM PHN MI incomparable within the dietary supplements and medical devices industry, Pharmanutra Share price Ord. (Eu) 17.3 has created long-lasting competitive advantages and high barriers to protect its assets. The N. of Ord. shares (mn) 9.7 Group owns 8 proprietary raw materials, 7 patents based on pure technological innovation, Total N. of shares (mn) 9.7 25 registered brands, and has 79 completed clinical trials. We expect the impressive growth Market cap (Eu mn) 167 track record to continue in the medium term (we forecast a high-teens revenue and profit Total Market Cap (EU mn) 167 CAGR in 2017-20) driven by: the development of new formulations/applications for Sideral® Free Float Ord. (%) 29% and Cetilar® families of products, the launch of brand-new products (Sucrosomial Free Float Ord. (Eu mn) 48 magnesium®), and a wider penetration of foreign markets (the Group is constantly entering Daily AVG liquidity Ord.
    [Show full text]
  • Spec Pharma M&A Transaction Multiples
    SECTOR REPORT FOURTH QUARTER 2016 Disclaimer All information set forth in this report (the “Overview”) has been synthesized by Bourne Capital Partners, L.L.C. (“BP”) or was obtained from publicly available sources. BP makes no express or implied representation or warranty as to the accuracy or completeness of the information contained herein. BP expressly disclaims any and all liability that may be based on all information set forth in the Overview, errors therein, or omissions therefrom. This Overview includes certain statements, estimates and projections provided by BP with respect to anticipated future performance. Such statements, estimates and projections reflect various assumptions made by BP concerning anticipated results, which reflect significant subjective judgments made by BP and as a result, may or may not prove to be correct. There can be no assurance that such projected results are attainable or will be realized. No express or implied representations or warranties are made as to the accuracy of such statements, estimates or projections. In furnishing the Overview, BP does not undertake any obligation to provide the recipient with access to any additional information, to correct any inaccuracies that may become apparent or to update or otherwise revise this Overview. This Overview is not an offer to sell or a solicitation of an offer to purchase securities or to engage in any other transaction. BP is a North Carolina (USA) limited liability company doing business as Bourne Partners with divisions in Healthcare Merchant Banking, Alternative Assets, Management Consulting and Investment Banking. Investment Banking services are offered by Bourne Partners Securities, LLC, a registered broker dealer, Member FINRA and SIPC.
    [Show full text]
  • Smart Choices for Everyday Healthcare Annual Report 2019 Table of Contents
    Annual Report 2019 Smart choices for everyday healthcare Annual Report 2019 Table of contents 28 Multi-Gyn: Management A natural treatment Financial review for vaginal discomfort statements 29 Locobase: The international skin care brand from Karo Pharma 06 Smart choices for 38 Statutory administration everyday healthcare 30 Power to our people report 07 Business model and 32 Operation Smile: 50 Five-year summary key categories Combatting cleft lip and palate 52 Corporate governance 08 Strongholds in the Nordics report and a global presence 34 Share and shareholders 56 Board 10 Letter from the CEO: A new Karo Pharma 58 Management with a new purpose "We’ve made it our 68 Notes 12 Letter from the Chairman purpose to develop 93 Audit report 14 Growing through reliable ways for smart choices people to treat their 97 Annual general meeting 16 Highlights 2019 everyday ailments, 18 A new group to help them live at the reins healthier lives. We 20 Market overview: call it smart choices Growth drivers and challenges for everyday health- care." 24 M&A: The vehicle of our growth – Christoffer Lorenzen, CEO, Karo Pharma 26 Our wide product portfolio 3 Karo Pharma Annual Report 2019 Management review 4 Management review 5 Management review Optimisation of portfolio and Business supply chain Smart model We own and We’re a virtual commercialise company and trusted, high quality, partner for access and key documented and to research and original brands Smart production choices for choices for categories everyday healthcare We occupy a space in the modern
    [Show full text]
  • Annual Report 2015
    Annual Report 2015 3 THIS IS VISTIN PHARMA 3 Highlights and key financial figures 4 Letter from the CEO 6 This is Vistin Pharma 10 Members of the Board 11 The Executive Management 12 Shareholder information 14 FROM THE BOARDROOM 14 Corporate governance 18 Directors' report for 2015 23 Responsibility statement 25 GROUP ACCOUNTS 26 Income statement 27 Comprehensive income statement 28 Balance sheet 29 Changes in equity 30 Cash flow statement 31 Notes to the Group accounts 48 ASA ACCOUNTS 49 Income statement 50 Balance sheet 51 Changes in equity 52 Cash flow statement 53 Notes to the ASA accounts 59 AUDITOR'S REPORT Highlights and key financial figures • The Vistin Pharma group was successfully established in 2015 Key figures from P&L (NOK 000's) 2015 1) . - Acquired the B2B business (metformin and opioids APIs) and tablet production assets Total revenue and income 227 892 Cost of materials 81 646 from Weifa AS for NOK 120 million on 1 June 2015 Other operating expenses 47 282 - Completed a NOK 170 million equity issue EBITDA 27 883 - The shares of Vistin Pharma were listed on Oslo Axess on 10 June 2015 Profit for the year 19 122 • Fifth consecutive year with double digit revenue growth for the metformin Key figures from the balance sheet (NOK 000's) business acquired from Weifa Cash & cash equivalents 61 989 Total assets 259 008 . - Continued strong metformin demand, and supply agreements signed with new customers Borrowings - . - Strong foothold established in the Japanese market Total equity 183 924 . - Agreement signed with a distribution agent for the US market Share data • Stable opioid prices despite continued challenging market Earnings per share – diluted (NOK) 1.12 Number of shares outstanding as of 31.12 17 054 935 .
    [Show full text]
  • Vistin Pharma ASA (A Public Limited Liability Company Organized Under the Laws of Norway)
    Vistin Pharma ASA (A public limited liability company organized under the laws of Norway) Listing of the Shares in Vistin Pharma ASA on Oslo Axess in connection with the offering of 17,054,935 Offer Shares at a Subscription Price of NOK 10 per Offer Share. This prospectus (the “Prospectus”) relates to, and has been issued by Vistin Pharma ASA (the “Company”), solely for use in connection with the offering (the "Offering") and listing on Oslo Axess, a regulated market operated by Oslo Børs ASA (the "Listing") of 17,054,935 new ordinary shares (the "Offer Shares") in the Company, each with a nominal value of NOK 1 and at a subscription price of NOK 10 per Offer Share (the “Subscription Price”). The Offering consists of (i) 15,554,935 new shares at NOK 10 per new share (the “New Shares”) are directed towards the shareholders of Weifa ASA ("Weifa") as of 19 May 2015, registered as such in the Weifa's shareholder register in the Norwegian Central Securities Depository (the "VPS") on 21 May (the "Record Date"), (the “Rights Offering”), who are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action (the "Eligible Shareholders") and (ii) 1,500,000 new shares at NOK 10 per new share (the “Employee Offer Shares”) are directed towards the Board of Directors, Executive Management and employees of the Company (the “Employee Offering”). The Employee Offering will be divided into three sub-tranches; (i) 500,000 Employee Offer Shares offered to the Company’s Board of Directors, (ii) 500,000 Employee Offer Shares offered to the Company’s Executive Management, and (iii) 500,000 Employee Offer Shares offered to the Company’s full-time employees as of the date of the transferal of the Acquired Interests.
    [Show full text]
  • Codeine Art. 31
    26 February 2013 EMA/124076/2013 Patient Health Protection Annex I List of the names, pharmaceutical forms, strengths of the medicinal products, routes of administration, marketing authorisation holders in the member states for codeine containing medicinal products used for pain in children Article 31 of Directive 2001/83/EC resulting from pharmacovigilance data Procedure number: EMEA/H/A-31/1342 7 Westferry Circus ● Canary Wharf ● London E14 4HB ● United Kingdom Telephone +44 (0)20 7418 8400 Facsimile +44 (0)20 7418 8416 E -mail [email protected] Website www.ema.europa.eu An agency of the European Union © European Medicines Agency, 2013. Reproduction is authorised provided the source is acknowledged. Member Marketing Product name INN Strength Pharmaceutical Route of State in EEA authorisaton holder form administration Austria Mundipharma GmbH, Codidol retard 60 mg - Dihydrocodeine 60 mg prolonged- oral use Apollogasse 16 - 18 Filmtabletten release tablet 1070 Vienna Austria Austria Mundipharma GmbH, Codidol retard 90 mg - Dihydrocodeine 90 mg prolonged- oral use Apollogasse 16 - 18 Filmtabletten release tablet 1070 Vienna Austria Austria Mundipharma GmbH, Codidol retard 120 mg - Dihydrocodeine 120 mg prolonged- oral use Apollogasse 16 - 18 Filmtabletten release tablet 1070 Vienna Austria Austria G.L. Pharma GmbH, Dehace retard 60 mg - Dihydrocodeine 60 mg prolonged- oral use Schloßplatz 1 Filmtabletten release tablet 8502 Lannach Austria Austria G.L. Pharma GmbH, Dehace retard 90 mg - Dihydrocodeine 90 mg prolonged- oral use Schloßplatz
    [Show full text]
  • Acetaminophen- Clinicalkey
    3/12/2019 Acetaminophen- ClinicalKey DRUG MONOGRAPH Acetaminophen Acephen | Aceta | Actamin | Adult Pain Relief | Anacin Aspirin Free ... Drug Information Provided By Gold Standard Description Acetaminophen (APAP, paracetamol) is a para-aminophenol analgesic and the active metabolite of phenacetin. Due to the toxic effects of phenacetin at therapeutic doses and the availability of acetaminophen, phenacetin is no longer used. Acetaminophen possesses analgesic and antipyretic activity similar to aspirin; however, acetaminophen has no peripheral anti-inflammatory activity or effects on platelet function. Acetaminophen was first used in clinical medicine in the 1890s. It is effective in the relief of both acute and chronic pain and may be preferred over NSAIDs due to fewer hematologic, gastrointestinal, and renal effects. Acetaminophen is the preferred analgesic/antipyretic for patients in whom aspirin is contraindicated and in those with underlying renal disease for episodic, though not chronic, use.23977 In addition, acetaminophen has been recommended by the American Lung Association as the first line treatment for aches and pains associated with the flu, by the American Geriatrics Society for both minor and persistent pain in elderly patients, and by the American College of Rheumatology as first-line therapy for osteoarthritis of the hip or knee.35614 35976 The drug has a history of safe and effective use; however, unintentional or intentional misuse of acetaminophen is the number one cause of acute hepatic failure in the U.S.32202 Acetaminophen was first approved by the FDA in 1950. Intravenous acetaminophen was approved by the FDA in November 2010 for the treatment of pain and fever in adults, adolescents, and children over the age of 2 years.
    [Show full text]
  • Annual Report 2018 in Memoriam Anders Lönner
    Annual Report 2018 In memoriam Anders Lönner KARO PHARMA’S EXECUTIVE icant work for Swedish pharma- CHAIRMAN ANDERS LÖNNER died ceutical research, the Swedish suddenly on 30 November 2018 pharmaceutical industry and at the age of 73. On 23 May 2014, Swedish society generally. he was awarded an honorary As a business leader, Anders’ doctorate in medicine by the approach was highly analyt- Karolinska Institute, with the ical and strategic, qualities citation reading: “through his that were the foundation of entrepreneurship, Anders Lönner his professional decisions. His has been highly significant decisions were also based on to Swedish pharmaceutical In 2014, Anders was awarded an honorary doctorate exceptional judgement and in medicine from the Karolinska Institute, for his sig- research, the Swedish pharma- nificant work for Swedish pharmaceutical research, in-depth experience. As an ceutical industry and Swedish the Swedish pharmaceutical industry and Swedish entrepreneur, he was charac- society generally. society generally.” terized by efficient simplicity, Anders enjoyed a long and successful career in the and he disliked unnecessary bureaucracy. pharmaceutical industry, firstly with Astra AB and Anders was also a master of negotiation, driven by more recently Meda AB. Anders transformed Meda reaching his objective. Rather than get caught up in from a small, local distribution enterprise into a highly the detail, he concentrated on achieving success. successful global specialty pharma company. As By 2018, Anders and the Board of Directors realized Meda’s CEO, Anders created substantial values for the that Karo Pharma’s existing structure was inadequate company’s shareholders, and a great environment for to execute its continued expansion strategy, of creat- the company’s people.
    [Show full text]
  • Aqualis ASA – Annual Report 2014 THIS IS AQUALIS
    AQUALIS ASA ANNUAL REPORT 2014 3 THIS IS AQUALIS 3 Key financial figures 4 Highlights 2014 5 Introducing Aqualis ASA 8 Letter from the Chairman 10 Offshore Oil & Gas 14 Offshore Renewables 16 Members of the Board 17 The Executive Management 20 FROM THE BOARDROOM 20 Corporate governance 24 Directors' report for 2014 29 Responsibility statement 31 GROUP ACCOUNTS 32 Statement of profit and loss 33 Comprehensive income statement 34 Balance sheet 35 Changes in equity 36 Cash flow statement 37 Notes to the Group accounts 57 ASA ACCOUNTS 58 Income statement 59 Balance sheet 60 Cash flow statement 61 Notes to the ASA accounts 69 AUDITOR'S REPORT 2 Aqualis ASA – Annual Report 2014 THIS IS AQUALIS KEY FINANCIAL FIGURES Key figures from P&L (USD 1 000) 2014 2013* Financial calendar 2015 Total operating income 2 241 31 937 EVENT DATE Payroll and payroll related costs 18 563 1 790 Other operating costs 14 575 1 278 First quarter results 28 April Proft/(Loss) after tax -250 -873 Annual General Meeting 22 May Second quarter results 26 August Third quarter results 27 October Key figures from the balance sheet (USD 1 000) Cash & cash equivalents 21 790 838 Borrowings - 5 174 Total assets 51 348 19 901 Ticker symbol Total equity 44 447 12 335 Oslo Børs AQUA Reuters AQUA:OL Share data Bloomberg AQUA:NO Earnings per share (USD) -0.01 Number of shares outstanding as at 31.12 43 190 544 Number of employee share options outstanding at 31.12 750 000 Share price at 31.12 (NOK) 7.55 * Figures for FY 2013 represent historical figures from Weifa ASA’s (former Aqualis ASA) group accounts related to the spin-off of the Aqualis Offshore business.
    [Show full text]