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NACDS Marketplace In Brief

This article was originally published in The Tan Sheet

Executive Summary

Marketplace attendance slips: Attendance at the 2010 National Association of Chain Drug Stores Marketplace Conference in San Diego reached approximately 3,000, according to a spokeswoman for the Alexandria, Va.-based trade association. Attendees at the 2009 NACDS Marketplace Conference reached 3,300. Some 700 buyers representing more than 200 retailers and 145,000 stores attended the conference to meet with 450 manufacturers displaying new or recently launched OTC drugs, dietary supplements, personal care products and other consumer goods, according to a June 8 release. NACDS donated 6,856 pounds of consumer goods to the San Diego Food Bank following the June 6-8 conference at the San Diego Convention Center. Products donated include cosmetics, food and health items

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Sales & Earnings In Brief

Sanofi seeks more acquisitions: Sanofi-Aventis continues to "hunt" for bolt-on acquisitions to further diversify its portfolio and feed its pipeline now that it has "properly bedded down and integrated" Chattem, said CEO Chris Viehbacher. He told analysts April 29 that the environment is "quite promising" for acquisitions and Sanofi is "aggressively pursuing external growth opportunities." The Chattem deal significantly boosted Sanofi's consumer health care business, which grew 42.5 percent to €499 million ($661.1 million) in the firm's fiscal 2010 first quarter, according to a same-day release (1"The Tan Sheet" March 15, 2010). Viehbacher lauded Chattem as a keystone in the company's future as a switch platform for the allergy medication Allegra. He noted Sanofi filed the paperwork with FDA for the switch in March; he expects the switch evaluation to take the same amount of time as other new product applications. Prescription sales for Allegra fell 27.1 percent in the quarter due to new competition from generics launched in the U.S. last November. Overall sales for the Paris-based firm grew 5.8 percent, according to the release

People In Brief

Perrigo promotes in pricing, planning

Supplement GMP Warning Letters Make Modest Debut In 2010

Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC

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