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Industry Roundup |
Cannabis Packaging
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Cannabis Packaging Conference to feature keynotes on ‘Opportunities in Cannabis Packaging’ and ‘The State of California Cannabis’; the event, co-located with WestPack, to take place April 12-13 at the Anaheim Convention Center
Business Wire (03/17)
RRD targets cannabis, CBD customers with offering that includes supply chain management, in-store marketing, such as branding, signage, POP displays, end-to-end packaging solutions, including structural design, labels, folding carton, rigid box
Business Wire (03/16)
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Cold Chain Logistics
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Air Canada inaugurates new US$16M cold chain handling facility for perishables such as pharmaceuticals and fresh food at Toronto Pearson International Airport; site features over 30,000-sq-ft of temperature-controlled areas and energy efficient equipment
Canada Newswire (03/16)
TMS provider 3Gtms named on Food Logistics’ Top 100 Software and Technology Providers; platform leverages its offerings across all modes, including LTL and reefer truckload, through a single portal to streamline booking and executing refrigerated loads
GlobeNewswire (03/16)
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Digital Medicine/Telemedicine
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Study finds 37% of contracted doctors prescribed antibiotics for acute respiratory infections during telehealth visits compared to 18% of hospital-affiliated doctors; telehealth grew from 840,000 visits in 2019 to 52.7 million in 2020 for Medicare users
University of Michigan (03/15)
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Gowns/Safety Wear/Protective Equipment
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Klabin is supporting Angatuba, Brazil, with antigen tests, PPE, sanitizer gel to fight against Covid, as municipality is home to one of its industrial operations; company says it has allocated over 36M Brazilian reais to combat Covid in Brazil since 2020
Brazil Business News (03/17)
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In-Store Pharmacy
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National Bank maintains Loblaw at outperform and lifts target by C$8 to C$119, noting its 'ability to execute' with acquisition of Lifemark Health Group; Loblaw continues to develop as healthcare service provider, with network of health/wellness solutions
Canada StockWatch (03/16)
Poll finds 70% of US adults back extension of national policies that allow pharmacists, pharmacy teams to provide pandemic-related services; an extension of the PREP Act, policies relate to COVID-19 and flu vaccinations, tests, therapeutics, more: NACDS
Targeted News Service (Press Releases) (03/15)
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Patient Compliance/Adherence/Usability
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AGI Glaspac CEO says there has been a slow adoption of but growing interest in smart pharmaceutical packaging; options include active and intelligent packaging, printable tracking, QR codes and NFC for patient compliance, holograms to combat counterfeits
Express Pharma (03/16)
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Pharmaceutical Ingredients
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Evonik receives CMO Leadership Award for fifth year in a row as a leading contract manufacturing organization to pharmaceutical industry; award highlights Evonik's position as a manufacturer of active pharmaceutical ingredients, intermediates, excipients
Evonik Industries AG (03/17)
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Temperature Controlled Packaging
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Lifoam Industries announces new testing results on its Envirocooler insulated shippers with compostable, 100% bio-based Bioffex technology; after 14 months of testing in a bioreactive landfill environment, Bioffex technology has shown over 90% degradation
Business Wire (03/16)
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Health Care & Wellness
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Canadian bandage, dressing market to grow to US$343.2M by 2026, with 2021-to-2026 CAGR of 5.0%, as suturing material market hits US$90.7M in 2026, with 4.3% CAGR during period; syringe, needle, catheter market at US$1.2B by 2026, with 5.6% CAGR: study
Fitch Solutions Sector Intelligence (03/17)
Allergan announces LASTACAFT antihistamine eye drops with alcaftadine ophthalmic solution 0.25% now available as OTC product in 5 mL multidose bottle with 60 day supply; itchy eyes affect 40% of Americans with ocular allergies
AbbVie Inc. (03/17)
Macleods Pharmaceuticals issues US recall of 3,672 bottles of amlodipine, olmesartan medoxomil blood pressure treatment tablets, lot of olanzapine schizophrenia treatment tablets, for deviations from standard manufacturing process
Fitch Solutions Sector Intelligence (03/17)
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Pharmaceuticals/Nutraceuticals
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Alexion, AstraZeneca’s Rare Disease group, enters settlement with Chugai Pharmaceutical to resolve all patent disputes related to Ultomiris; Alexion will make a single payment of US$775M in Q2 2022
AstraZeneca AB (03/17)
Perrigo receives final FDA approval for OTC use of the Nasonex 24HR Allergy, previously available via prescription; Perrigo expects to begin offering the product later in 2022
Perrigo PLC (03/17)
AstraZeneca launches global R&D Postdoctoral Challenge to help accelerate ideas that transform treatment for complex diseases; challenge invites MD and/or PhD students and postdoctoral researchers to propose innovative ideas
AstraZeneca AB (03/17)
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Health Care & Medical Packaging
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Stoma/ostomy care market forecast to reach US$3.2B by 2026, with a 4.3% CAGR from 2021 to 2026; ostomy bag market projected to reach US$2.8B by 2026, with 4.2% CAGR from 2021 to 2026, and ileostomy market to hit US$1.4B, with 5.6% CAGR from 2021 to 2026
PR Newswire (03/16)
Amneal introduces generic dexamethasone, azacitidine, carboprost, atropine injectables for institutional market; company plans over 40 new products by 2025 including drug/device combinations, peptides, long-acting injectables, large-volume parenteral bags
Amneal Pharmaceuticals LLC (03/15)
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Health Care & Wellness group
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AstraZeneca announces UK authorization for Evusheld as the first antibody combination for pre-exposure prophylaxis against COVID-19; treatment is administered as sequential intramuscular injections
AstraZeneca AB (03/17)
Holland Rose introduces hyaluronic acid, vitamin c-infused collagen powder food supplement; company claims gender-neutral product protects skin from free radical damage, stimulates collagen production, maintains hyaluronic acid levels
M2 PressWIRE (03/17)
Baxter International recalls 277,000 Spectrum V8, Spectrum IQ infusion pumps distributed in US between 2015 and 2022 for failure to issue alert for repeated upstream occlusions; devices deliver fluids such as medications, nutrients, through IV line
24x7 Magazine (03/17)
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Pharmaceuticals, Biotechnology & Life Sciences group
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WHO will 'very likely' reject Medicago's plant-based COVID-19 vaccine because of the company's 21% ownership by cigarette manufacturer Philip Morris, WHO official says; if rejected, vaccine would be excluded from COVAX initiative for developing countries
Forbes (03/16)
AbbVie announces FDA approval of RINVOQ tablets for treatment of adults with moderately to severely active ulcerative colitis
PR Newswire (03/16)
Merck will reportedly halt further investments in Russia, but will continue supplying life-saving medicines and vaccines; company will deliver more than 135,000 courses of its COVID-19 oral treatment molnupiravir to Ukraine under supply agreement
EquityBites (03/16)
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Medical
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Home-Use Medical Devices
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Minute Molecular Diagnostics announces FDA Emergency Use Authorization for rapid DASH SARS-CoV-2/S Test; product provides COVID-19 test results in about 15 minutes
Business Wire (03/16)
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Diagnostic Tests/Monitoring Devices
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Georgia-based 5Strands Affordable Testing appoints founding member Austin Collins as CEO, CMO as company looks to expand internationally; Collins recently hired pet nutritionist Tazz Latifi as director of consumer and retail education and sales
5Strands Affordable Testing (03/17)
UPM reviews its Covid prevention measures at its offices, facilities; company runs testing point at its head office in Helsinki, carried out 40,000 tests at Paso de los Toros, Uruguay, project, vaccinated 1,400 workers, family members in Germany, Austria
UPM (03/15)
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Respiratory/Lung Health
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FDA approves Mylan Pharmaceuticals’ symbicort inhalation aerosol generic containing budesonide, formoterol in two strengths, 160/4.5 mcg/actuation, 80/4.5 mcg/actuation; product treats asthma, COPD, including chronic bronchitis, emphysema
M2 Pharma (03/17)
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Medical Facilities/Units
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Sienna Senior Living to acquire 50% ownership in a 186-suite retirement residence in Saskatoon, Saskatchewan; facility will include 27 assisted living suites
GlobeNewswire (03/15)
Real-world study in France analyzes characteristics of fully vaccinated patients hospitalized with Delta-variant COVID-19, comprising 17% of subjects; fully vaccinated persons show lower rate of severe pneumonia, but similar rates of ICU admission, death
Vaccine Daily (03/15)
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Hospital/Medical Use
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Ra Medical Systems files 510(k) application with FDA for DABRA catheter with braided overjacket, six-month shelf life, for treating infrainguinal lower extremity vascular disease; device made at 32,000 square-foot plant in Carlsbad, California
Ra Medical Systems, Inc. (03/16)
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Hospitals
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CDC reports hospitalizations of children aged 0 to 4 years with Omicron variant of COVID-19 five times greater than during Delta variant outbreak at 14.5 per 100,000 children; 63% of those hospitalized had no underlying medical conditions
Centers for Disease Control and Prevention (CDC) (03/16)
Eli Lilly reports Jardiance Phase 3 trial data showing drug's clinical benefits to patients with new, existing acute heart failure; heart failure accounts for more than 1 million hospitalizations in US, with 30% of patients readmitted within 90 days
Eli Lilly & Co. (03/16)
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Health Care & Wellness
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Research finds vitamin D3 may help protect against viruses, bacteria, while vitamin D2 has questionable impact on human health; study suggests importance of vitamin D3 supplements, fortified food, especially during winter when sunlight is limited: study
CDC & FDA Daily (03/17)
Augusta University's Medical College of Georgia highlights research on loss of smell or taste in individuals who have had COVID-19, supported by NIH grant; preliminary data suggests taste bud cells are affected by the virus
Targeted News Service (Press Releases) (03/16)
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Pharma
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Over-the-Counter (OTC) Drugs
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Americans taking more than twice the amount of melatonin they took a decade earlier, with growing subset having daily melatonin intake that exceeds 5mg for sleep; older adults with nightly use also have higher risk of dementia, early mortality: research
Philadelphia Tribune (03/16)
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Prescription Drugs
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Beroe expects global warehousing market size to rise 7% year-over-year to value of US$285B in 2022 and US$326.3B by 2024 on demand for e-commerce, online groceries, pharmaceuticals; other factors include need for last-mile deliveries, geopolitical issues
PR Newswire (03/17)
FDA approves BLA 125472 for Genentech’s actemra tocilizumab 162mg/0.9ml subcutaneous injectable and intravenous biologic; product is available by prescription only
US Official News (03/16)
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Hospital/Clinical Drugs
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FDA approves NDA 215457 for Kaleo’s naloxone hydrochloride 10mg injectable; drug is available by prescription only
US Official News (03/16)
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Capsules/Pills/Tablets
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Amneal's Q4 net loss attributable to Amneal widens to US$6.4M from US$3.0M from a year ago, with net revenue up 5% to US$536.9M, driven by new generics, specialty products Rytary and Unithroid; company to deepen R&D pipeline in injectables, biosimilars
Amneal Pharmaceuticals LLC (03/15)
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Biopharmaceuticals/Biologics
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Thermo Fisher Scientific to invest US$97M to expand clinical research operations in Richmond, Virginia; facilities will support rising demand across biopharmaceutical industry for high-quality laboratory services supporting drug development
Business Wire (03/16)
Catalent Biologics announces completion of US$30M project at its facility in Limoges, France, to transform into a European center of excellence for biopharmaceutical development
Catalent Inc. (03/16)
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Vaccination/Immunization
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Pfizer and BioNTech submit application to FDA for Emergency Use Authorization of an additional COVID-19 vaccine booster for adults aged 65 and older; application is based on real-world data from Israel when Omicron variant was circulating
Pfizer Inc. (03/16)
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Pharmaceuticals/Nutraceuticals
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Pfizer will continue shipments of its medicines to Russia, highlighting principle of supporting patient welfare; company will meanwhile donate all profits from its Russian subsidiary in support of humanitarian aid to Ukraine
Pfizer Inc. (03/16)
Amneal receives FDA approval for filgrastim-ayow biosimilar to treat neutropenia, with product launch planned for Q3 this year; IQVIA reports 2021 US biosimilar sales of US$275M, with Amneal launching two more biosimilars later this year
Amneal Pharmaceuticals LLC (03/16)
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Packaging
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Health Care & Medical Packaging
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Italy-based glass pharmaceutical packaging firm Stevanato Group acquires new manufacturing plant in Zhangjiagang, China, for drug containment, drug delivery and diagnostic development; company expects to begin renovation this spring
Marketline - Deals (03/17)
Advanced packaging and medication dispensing solutions provider Jones Healthcare Group joins Sustainable Medicines Partnership; Jones to use its expertise, technologies and patient focus to make meaningful impacts in sustainable packaging and digitization
Contify Life Science News (03/17)
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Medical Labels
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Military treatment facility pharmacies replacing printed monographs or MedGuides with QR codes on prescription packaging, reducing paper use, keeping patient information private, sharing robust information in variety of formats to meet patient needs
Targeted News Service (03/17)
European self-adhesive labelstock demand increases 7% to almost 8.5 billion m2 in 2021, after increase of 4.3% in 2020; demand driven by need for labels in food, personal care, medical, pharmaceutical, but industry hard hit by material shortages in 2022
Féderation Internationale des Fabricants et Transformateurs d'Adhésifs et Thermocollants sur Papiers et Autres Supports (FINAT) (03/15)
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Blister Pack
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Sonoco Alloyd wins Institute of Scrap Recycling Industries’ 2022 Design for Recycling award for its EnviroSense PaperBlister; the plastic-free, monomaterial package offers a recyclable alternative to traditional retail plastic-to-card blister packaging
Institute of Scrap Recycling Industries (ISRI) (03/15)
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Caps & Closures
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Reckitt recalls more than 3 million bottles of Airborne Gummies due to injury hazard; when opened for the first time, pressure build up in the bottle can cause the cap and underlying seal to pop off with force, posing an injury hazard
PR Newswire (03/16)
Spain-based Virospack presents dropper with metal shell finish for cosmetic formulas with CBD; with a child-proof safety closure system incorporated in its cap, the dropper requires that users press down and turn, making it more difficult to open
Packaging Strategies (03/16)
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Stock
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Latest: Mar, 17 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
Watchlist |
Abbott Laboratories (ABT)
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121.20
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119.48
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1.44%
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3.04%
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Cardinal Health (CAH)
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57.19
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53.77
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6.36%
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-1.29%
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Johnson & Johnson (JNJ)
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176.80
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174.52
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1.31%
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9.97%
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Merck & Co. Inc. (MRK)
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78.94
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78.12
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1.05%
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2.12%
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