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Food & Beverage

The Coca-Cola Company Names Perez Chief Sustainability Officer

According to Business Wire, The Coca-Cola Company today announced that Beatriz Perez, currently Chief Marketing Officer for Coca-Cola North America, will become the Company’s Chief Sustainability Officer, effective July 1.
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Kensey Nash Buys Synthes'' Norian Unit for $22 Million

According to the Associated Press, medical device company Kensey Nash Corp. said Tuesday it acquired the assets of bone cement maker Norian for $22 million in cash. Kensey Nash is
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Craft Brewers Can Still Distribute Under Illinois Bill

According to the Associated Press, an Illinois bill would allow craft beer brewers to distribute their own beer, reversing a court ruling to stop that practice. Only craft breweries could
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Par Pharma Acquires Generic Drugmaker Edict for $37.6 Million

Generic drug developer Par Pharmaceutical Companies Inc. will buy privately held Edict Pharmaceuticals for up to $37.6 million in cash, according to the Associated Press. Edict, based in Chennai, India,
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Kraft to Pay $8.1 Million to Settle Pollution Lawsuit

Kraft Foods Inc. will pay $8.1 million to settle a class-action lawsuit over pollution at a former factory in Attica, Ind., according to the Associated Press. The lawsuit, filed in
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FDA Expands Pfizer Drug Approval for Rare Cancer

The Food and Drug Administration has expanded approval of a Pfizer drug to treat a rare form of pancreatic cancer, according to the Associated Press. The agency said it cleared
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Tyson Foods Says U.S. Demand for Protein Improving

Newswire reports that Tyson Foods, Inc., told investors at the BMO Capital Markets 2011 Farm to Market Conference that sales of chicken, beef and pork improved in the past two
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FDA Panel to Weigh Revoking Key Use of Abbott Drug

A panel of advisers to the Food and Drug Administration will consider whether to revoke a key indication from Abbott''s blockbuster cholesterol drug Trilipix, according to the Associated Press. Trilipix
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J.M. Smucker Completes Acquisition of Rowland Coffee Roasters

According to Bloomberg, JM Smucker Co., has completed the acquisition of Rowland Coffee Roasters Inc.’s coffee brands and business operations for $360 million. The purchase of the Miami-based seller of
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Pfizer Seeks US, Japan Approval of Cancer Drug

According to the Associated Press, Pfizer Inc. said that the Food and Drug Administration accepted its application for the experimental lung cancer treatment crizotinib, one of its key drug candidates.
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