Consumer discounts and promotional pricing of Nasal Ease during the product launch in major retailers drags down net sales of Hi-Tech Pharmacal Co. Inc.’s health care product division 14% to $3.03 million in the firm’s fiscal 2013 first quarter. The Amityville, N.Y., firm Sept. 5 said sales of recently acquired Sinus Buster helped offset the declines in the May-July period. Sales for the firm’s generic pharmaceutical business dipped 6% to $45.9 million during the quarter and sales by its ECR Pharmaceuticals subsidiary fell 17% to $3.01 million. The cost of goods, research and development and administrative development all increased. Even though “this quarter was weaker than recent quarters,” the firm still expects growth from all its businesses in the full year, President and CEO David Seltzer said in the firm’s release.
FDA warns Trinity Sports Group Inc. that posts on its Facebook page for Neuro-Impact Concussion Response Formula make the product...
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