Chain Drug Review, July 9, 2018

Chain Drug Review July 9 2018 19 Supplier News Pharmapacks raises 325 mil to fund expansion ISLANDIA N Y Pharmapacks a leading e commerce company with a proprietary technology platform has raised 325 million by selling a minority stake at an undisclosed valuation the company announced last month Pharmapacks sells direct to consumer through leading online marketplaces including Amazon com Walmart com and eBay as well as on Pharmapacks com The strategic round was led by multinational consumer packaged goods company RB with additional investments from McKesson Ventures Sealed Air and the Emerson Group In addition to selling wellknown everyday consumer goods Pharmapacks serves as a launch pad for emerging brands by giving carefully selected new Millennial and Generation Z brands access to the Pharmapacks e commerce platform and consumer base This enables brands to focus on product research and development while Pharmapacks strategically sets competitive price points and builds a connection between the consumer and the brand We are excited to see Pharmapacks growing at a rapid pace especially in an ecosystem monopolized by big e commerce players said Pharmapacks chief executive officer Andrew Vagenas The fundraising together with the associated partnerships will enable us to scale operations both domestically and internationally as well as serve our customers in an even more efficient and cost effective manner while expanding the number of brands we can support with our unique logistics e distribution capabilities Pharmapacks says it will use the funding to grow its 350 person team by 20 and scale its current 140000 square foot warehouse here Additionally the funding will enable Pharmapacks to drive its profitability by advancing its automated technology and to expand its inventory levels and delivery reach from the U S and Canada to Europe Asia and beyond according to the company With e commerce becoming a leading driver of growth for our brands like Enfamil Lysol Mucinex and Airborne we are excited to partner and invest with Pharmapacks said Nitish Kapoor executive vice president for North America at RB a leading consumer health hygiene and home company operating in more than 60 countries We believe that this partnership will help both companies serve our online shoppers better and grow at an even faster pace Kapoor added Unlike many third party retailers Pharmapacks notes that it has an in house technology team dedicated to building automated assistance tools which are an integral part of the companys streamlined process and scaling success Pharmapacks also has a partnership with Sealed Air whose I Pack system uses laser technology to measure the contents of a package and then custom fits each box to that size removing excess air and wasted space This cuts down on shipping expenses and provides consumers less than 24 hour turnaround time on orders Pharmapacks was founded seven years ago in a retail pharmacy in the Bronx N Y After opening their first warehouse in Queens N Y the managing members enhanced the businesses by building e commerce logistics and fulfillment software into their existing sales platform Today the companys catalog consists of 28000 unique items and it processes and ships over 30000 orders per day to all 50 states in the U S and Canada Natrol rolls out new gummy line CHATSWORTH Calif Natrol has introduced a new line of gummy vitamins and supplements The six offerings are intended to benefit the whole family the company announced last month At Natrol we always aim to give people simple ways they can own and take control over their everyday health Michelle Baron Natrols director of marketing innovation said in a statement For many people gummies are an easier and more enjoyable way to take their vitamins and get the nutrients they need In the case of Natrol Gummies we took this consumer demand a step further to ensure there is no trade off between quality and taste The vegetarian products are made with organic non GMO ingredients and are free from gelatin preservatives and artificial sweeteners flavors and colors The presence of pectin makes the Natrol gummies less likely to stick to ones teeth than standard gelatin gummies according to the company Heres the lineup Melatonin Gummies Offered with strawberry flavor and formulated to assist with occasional sleeplessness Hair Skin Nails Gummies With raspberry flavor they are said to be nutrient dense Womens Multi Gummies With the essential vitamins and nutrients expected from a multivitamin Twenty six fruits and vegetables provide plant based nutrients Available in a mixture of berry cherry and grape flavors Prenatal Multi Gummies Twenty six fruits and vegetables provide plant based nutrients as well as essential vitamins These gummier are available in a mixture of berry cherry and grape flavors Mens Multi Gummies Available in a blend of berry cherry and grape flavors these gummies are formulated to support mens health by delivering plant based nutrients from 26 fruits and vegetables Kids Multi Gummies A tasty way to help ensure that children are getting essential plant based nutrients and needed vitamins The gummies are available in a mix of berry cherry and grape flavors for children age 4 and up J J moves forward with LifeScan sale JACKSONVILLE Fla Johnson Johnson recently announced it has accepted a binding offer from private investment firm Platinum Equity to acquire J Js LifeScan for approximately 21 billion The LifeScan deal was first announced in March LifeScan the maker of the OneTouch brand provides blood glucose monitoring systems and generated a net revenue of about 15 billion in 2017 LifeScans OneTouch blood glucose monitoring products play an important role in the lives of millions of patients living with diabetes and following a thorough review of all strategic options we feel confident that the business would have a promising future with Platinum Equity said Ashley McEvoy company group chairman of consumer medical devices at J J This initiative is part of our ongoing disciplined approach to portfolio management to focus on our most promising opportunities to help patients and drive growth The transaction is expected to close by the end of 2018 according to J J Mars promotes Clarke MCLEAN Va Mars Inc promoted Andrew Clarke to the position of global president of its candy business Mars Wrigley Confectionery effective in September Clarke currently serves as chief marketing and customer officer at Mars a leading maker of chocolates snacks chewing gum and other products In his new role Clarke will work out of Mars Wrigley Confectionerys global headquarters in Chicago and oversee marketing and sales operations Among his tasks will be development of an integrated strategy that leverages Mars brands while building strong relationships with the companys global customers Mars said in a statement Andrew is the right person to lead Mars Wrigley Confectionery into its next chapter His track record for driving ambitious change while delivering results is the fuel our business needs to thrive in an everchanging consumer and retail landscape said Mars chief executive officer Grant Reid Andrew brings great global perspective combined with a principled approach to leadership and passion for engaging and inspiring teams Clarke succeeds Martin Radvan a 32 year veteran of the company who is retiring Radvan in 2016 oversaw the integration of the companys chocolate business known for such brands as M MS Milky Way Skittles and 3 Musketeers with its Wrigley candy and gum business forming Mars Wrigley Confectionery Clarke joined Mars in the United Kingdom in 2000 as category leadership director for Mars Chocolate He has since led country level operations in the U K and Ireland and served as regional president for pet care in Latin America from 2011 to 2014 Clarke assumed his current role in 2015 I am delighted to have the opportunity to lead this iconic business with some of the worlds most loved brands and to drive growth with our talented associates customers and partners said Clarke Kellogg blends cereals cinema BATTLE CREEK Mich Kellogg Co has just released limited editions of two its classic food products Kelloggs Frosted Flakes and Keebler Fudge Stripes in collectors boxes that include exclusive behindthe scenes content of the making of Jurassic World Fallen Kingdom which just hit movie theaters last month These limited edition boxes include not only the fun and delicious Kelloggs and Keebler products fans love but also more than five minutes of behind the scenes footage from the movie The content takes viewers on set with the stars and creators of the motion picture to see how it was brought to life Starting today Jurassic World fans can head to Amazon com where the boxes are available exclusively for 2499 each while supplies last This offer is just one part of the many promotions from Kelloggs partnership with Universal Pictures ahead of Jurassic World Fallen Kingdom hitting theaters In addition to the Amazon exclusive boxes selected Kelloggs products have received a prehistoric makeover featuring limited time promotional packaging Through the purchase of these specially packaged products consumers will receive free movie tickets and Jurassic World Fallen Kingdom themed popsicle molds available in selected cereal packages It also provides specially themed licensed products while supplies last Selected Kelloggs and Keebler packages available at retailers nationwide will feature a unique Shazam code that unlocks interactive games and unique content Fans can purchase one of the Keebler Fudge Stripes and Kelloggs Frosted Flakes collectors boxes on Amazon or go to retailers nationwide to take advantage of other Jurassic World Fallen Kingdom promotions Boxes feature scenes from Jurassic World New lineup of supplements targets the entire family