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Fred’s sets forth major growth plans
MEMPHIS, Tenn. — Fred’s Pharmacy has set forth a major initiative intended to promote growth in 2017 in its front store, retail pharmacy and specialty operations, CEO Michael K. Bloom stated Thursday during the company’s 2016 fiscal fourth-quarter earnings conference call.
In the front store, Fred’s is expecting top-line growth, led by the rollout of beer and wine and a major upgrade to its cosmetics assortment.
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FDA approves Teva’s Huntington’s disease drug
JERUSALEM — The Food and Drug Administration approved Teva Pharmaceuticals’ Austedo (deutetrabenazine) tablets for the treatment of chorea associated with Huntington’s disease. Previously referred to by the developmental name SD-809, Austedo is the first deuterated product approved by the FDA and only the second product approved in HD, according to Teva.
The product was previously granted Orphan Drug Designation by the FDA.