Supplement marketer/retailer to purchase NatureSmart (formerly Amrion) from Whole Foods Market for $28 mil., firm announces May 11. Acquisition will enable NBTY to reach healthcare professionals, a sector targeted by NatureSmart's PhysioLogics. Acquired nutritional supplement firm also sells BioEnergy Nutrients and Healthsmart Vitamins mail order brands, which have roughly 350,000 active customers, as well as Brand Partners, which manufactures private label vitamins for mass market. Whole Foods had been looking to sell NatureSmart for several months, attributing a $49 mil. loss to the business. Thornton, Colo.-based NatureSmart recorded net sales of approximately $59 mil. and net assets of roughly $19 mil. for fiscal 2000 (ended Sept. 29)
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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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A new pilot aims to take Brazil closer to ‘digital transformation.’
The European Medicines Agency’s human medicines committee, the CHMP, has recommended 14 new medicines for pan-EU approval this month, including five orphan medicines.
The European Medicines Agency says that Eli Lilly's Alzheimer's disease drug should be approved for use in the EU, now that it has re-examined the negative opinion it previously adopted.
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