Acquires the 114 store Lane Drug chain, a subsidiary of Peoples' Drugs, for an undisclosed amount. The transaction, which is expected to close in mid-April, will raise the number of stores Rite Aid operates to 2,285 in 22 states while decreasing the People's chain to 505 stores. People's Drug is a wholly owned subsidiary of the Canadian company Imasco Ltd.
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As Amneal’s generics segment sees significant growth, the company has revealed plans to launch new products and expand in new markets. “We are extremely proud of the progress our company has made since we re-joined as leaders of Amneal,” said Chirag and Chintu Patel, co-CEOs of Amneal.
Schemes and funding to support growth in the life sciences and medtech sectors featured in the UK government’s spring budget on 3 March.
Entries are now open for the Global Generics & Biosimilars Awards 2021, which will take place in Milan, Italy on 10 November.