FDA confirms US national shortage of ADHD drug Adderall
Teva, America’s largest maker of generic Adderall, is experiencing ongoing intermittent manufacturing delays
Company
NASDAQ:WBA
Walgreens Boots Alliance Inc is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities. A trusted, global innovator in retail pharmacy with more than 12,500 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem.
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Teva, America’s largest maker of generic Adderall, is experiencing ongoing intermittent manufacturing delays
Boots’ problems stem from two main issues, according to industry pundits
The US group merged with Boots in 2014 in a deal worth £9bn
As debt markets freeze up and consumer confidence plummets, the current bid is at risk of failing
Reliance, owned by Indian billionaire Mukesh Ambani, has teamed up with the US private equity fund Apollo Global Management to lodge a £5bn bid for the UK chain of chemists
A potential sale of Boots is estimated to fetch between £5bn and £12bn, the Guardian reported
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Sentiment may also have been lifted after the latest weekly jobless claims data showed a third straight week of decline for unemployment benefit filings
The new testing services are aimed at customers who do have symptoms or believe they may have COVID-19, since they would have to attend stores
COVID-19 mostly impacted major high street, train station and airport locations
Sales tumbled 48% in the three months to May 31 despite the stores were deemed essential businesses
Reuters said there have been preliminary talks with private equity firms to organise what would be the biggest ever leveraged buyout
The move means three of the nation’s largest pharmacy chains will stop selling the medication following a warning by the Food and Drug Administration
New York-listed Walgreens Boots Alliance Inc. had said in April that it was undertaking a review of the Boots estate "focusing on low-performing stores and opportunities for consolidation"
Walgreens Boots Alliance will review its global store portfolio, including 2,485 Boots stores in the UK
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Footsie gained around 27 points at 7,418, while FTSE 250 added 234 points at 19,563
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Also making moves Tuesday were Lyft and the cryptocurrency Bitcoin
Expect products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana
The healthcare firm said the agreement with Walgreens Boots Alliance would allow it to supply Boots stores in the UK as well as other partners across EU markets
The appointment of Larry Ellison and Kathleen Wilson-Thompson formed part of a deal with the SEC in September after it filed fraud charges against CEO Elon Musk
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