Pharmaceuticals

Business & Economy
4:33 pm
Tue September 10, 2013

Walgreens To Buy NC's Kerr Drugstores

Kerr Drugstore in Hillsborough, NC.
Credit Wikipedia

The largest drugstore chain in the United States is buying out North Carolina-based Kerr Drug.

The banner on the Kerr Drug website says it’s North Carolina’s only hometown pharmacy.  But after more than 60 years, Kerr Drug is losing that designation. Walgreens announced today it’s acquiring Kerr’s drugstores and its specialty pharmacy business that fills prescriptions for chronic, complex treatments like cancer.

Michael Polzin is a spokesman for Walgreens, based in Illinois.

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Business & Economy
4:11 pm
Wed August 14, 2013

Quintiles Acquires Triangle Research Group Novella

Credit Quintles

The Durham-based pharmaceutical company Quintiles is acquiring a Triangle research organization. 

Quintiles announced Wednesday it reached a deal with Novella Clinical in Morrisville.  Novella is an oncology and medical device research group with nearly 300 employees in the Triangle.  The companies did not release the terms of the deal. 

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Business & Economy
4:15 pm
Fri July 26, 2013

Leaders Discuss How To Build NC's Biopharmaceutical Industry

RTP headquarters.
Credit Ildar Sagdejev

GlaxoSmithKline hosted a gathering today in RTP for policy, non-profit and business leaders in the biopharmaceutical industry.

Jack Bailey, a Senior Vice President at GSK, says there are well over 100,000 North Carolinians working in the Life Sciences, 5,000 of them at his company.

“So it’s a very big important industry, it’s created a lot of jobs," Bailey says. "And really what we want to do today is start a discussion on how, at this great change in health care, we can make sure both federal, state and local policy decisions get made that continue to accelerate that innovation that comes out of companies like GSK.”

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Business & Economy
10:48 am
Thu July 11, 2013

GlaxoSmithKline Executive In China Confesses To Paying Bribes

Credit GlaxoSmithKline

Authorities in China say a number of senior executives working for GlaxoSmithKline in that country have been placed under criminal investigation for suspected bribery and tax related violations.  The British pharmaceutical company's US headquarters are in Research Triangle Park. 

In an interview broadcast on WUNC, the BBC’s John Sudworth reported that the ministry of public security said the employees offered large bribes to officials, medical associations, hospitals and doctors to boost drug sales.

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Business & Economy
8:12 am
Thu May 9, 2013

Quintiles Goes Public, Sets Share Price At $40

Credit Quintles

Trading on the New York Stock Exchange begins Thursday for North Carolina-based Quintiles.

The company announced late Wednesday that it is selling about 23.7 million shares of its common stock to the public at $40 a share. That would raise nearly $950 million in this initial public offering for the bio-pharmaceutical services company.

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Health
5:00 am
Thu March 28, 2013

System To Track Prescription Drugs Underused

Credit NC Department of Health and Human Services

Prescription drug overdose kills an average of three people per day in North Carolina. 

Researchers at UNC Chapel Hill say a statewide system designed to reduce those numbers – North Carolina Controlled Substances Reporting System (CSRS) – is effective - but grossly underused.

CSRS went into effect in 2007, following a legislative mandate, but of the 34,000 providers authorized to prescribe controlled substances, only a third have registered with the CSRS, and fewer than half of those actually use it.

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Health
6:15 pm
Mon November 26, 2012

Drug Database Gets Little Use From Pharmacists

State health officials want to know if low use of a prescription drug database is leading to more deaths in North Carolina.

A majority of state pharmacists and doctors are not checking a drug registry that every pharmacy must report to. Some lawmakers say that can enable some people to abuse highly addictive drugs. Last year, more than one thousand North Carolinians died of pharmaceutical overdoses. William Bronson runs the database for the state Department of Health and Human Services. He says it may not be fair to blame pharmacists for not monitoring their patients' drugs.

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Health
6:00 am
Thu October 25, 2012

GSK Recycling Inhalers

GSK
Credit GSK

Drug maker GlaxoSmithKline is beginning a program to recycle spent respiratory inhalers. The company is signing up pharmacies in the Raleigh-Durham area and 30 other cities to collect the breathing aids. The company tested the program in a few of the selected cities and collected about 27-hundred inhalers. GSK's vice presider for respiratory business Jorge Bartolome says the "Complete the Cycle" program will break down the inhalers for multiple uses.

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Health
5:00 am
Mon October 1, 2012

Duke Study Calls For More Children's Drug Trials

Duke University doctors say clinical trials on how drugs affect children are few and far between. Gurnal Scott reports.

Doctors looked at research conducted from 2005 to 2010 -- about 60-thousand trials. They found that adult medical trials far outnumber ones on kids under 18.

"By about 10 to one," says one of the study's writers, Alex Kemper, a pediatrics professor at Duke. "For those of us who provide care to children, we know that clinical trials are the best way to know how to treat conditions.

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Business & Economy
10:00 am
Tue October 4, 2011

NC-Based PPD Sold

North Carolina’s clinical trials industry is seeing a major shift.  The latest example is the purchase of Wilmington-based P-P-D.

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