Supplement marketer Natrol enters sports fitness market with acquisition of Prolab Nutrition, a seller of sports nutrition products for bodybuilders through gyms, health food stores and other outlets. Natrol is paying $29 mil. cash and 124,270 shares of common stock for the company. Bloomfield, Conn.-based Prolab is expected to post over $30 mil. in sales for 1999. Chatsworth, Calif.-based Natrol plans to assist Prolab with manufacturing, purchasing and product/sales channel development, while Prolab will help enhance Natrol's international sales with its leading market position in Canada and presence in the U.K. and Germany, the firms say. Prolab is expanding its 32,000 sq. ft. distribution facility by 20,000 sq. ft. in the coming months
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Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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While the first six months of the year saw eight new drugs targeting a range of diseases enter the European Medicines Agency’s priority medicines scheme, and three PRIME-designated treatments go on to win EU marketing approval, use of the accelerated assessment mechanism appears to be limited.
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