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Defense production act commandeers drug production capacity for vaccines, forcing contract manufacturer to stop producing rare eye disease drug for Horizon Therapeutics

Horizon Horizon in December announced it would delay new patients from starting Tepezza treatment to conserve supply for existing users.  Invoking the Defense Production Act is helping increase supply of badly needed COVID-19 vaccines, bringing the U.S. one step closer to ending the pandemic but as one local drug company has learned, there s a catch. The government mandate to prioritize vaccine production at a biologics manufacturing facility has led to a shortage of Horizon Therapeutics top-selling product, a new remedy for thyroid eye disease. Tepezza was on track for $850 million in sales last year, until contract manufacturer Catalent was forced to stop making the intravenous drug.

Why leaders need a long-term view

Why leaders need a long-term view In boardroom discussions, the focus should be on how strategies today can help predict behaviors tomorrow. Photograph by RichVintage When a business is going well, I’ve seen leadership teams conform to an unwritten 80-20 rule of thumb: They spend about 80 percent of their time focused on growth for the long term and only 20 percent managing the short term. But when things are not going well, I’ve observed the opposite: The temptation is to focus almost exclusively on the short term, with leaders spending a mere fraction of their time looking ahead. Related stories

Astara Capital Partners Expands Team with Two Key Hires

Astara Capital Partners Expands Team with Two Key Hires News provided by Share this article Share this article NEW YORK, March 4, 2021 /PRNewswire/  Astara Capital Partners, a middle-market private equity firm, is pleased to announce that Chris Curti and Brett Kravitt have officially joined the firm.   Michael Ranson, Managing Partner of Astara, commented, We are excited to continue to grow our team with these two important additions.  Both Chris and Brett have already made valuable contributions to Astara s investment opportunities.  Their combination of operational experience, restructuring expertise, and investing acumen will allow Astara to grow its investment portfolio. Mr. Curti brings decades of operational, financial, and investing experience. Most recently he served as the CFO of a private equity-owned aerospace and logistics company.  Previously, Mr. Curti worked with members of the Astara team as an Operating Partner at Blue Wolf Capital where he led vario

How Millennials & Gen Z Are Pushing Brands On Diversity And Inclusion

How Millennials & Gen Z Are Pushing Brands On Diversity And Inclusion ❘ ❘ How Millennials & Gen Z Are Pushing Brands On Diversity And Inclusion Since the Black Lives Matter movement, consumers are demanding more from retailers in terms of diversity and inclusion. But what does this mean for the retail industry? 75% of Gen Z consumers will boycott companies that discriminate against race and sexuality in advertisements, according to McKinsey. ©Alessandro Biascioli The #MeToo and Black Lives Matter movements in recent years have driven awareness of the deep racial and gender inequalities that run through society. Business is no different. Retail from clothing and beauty to food suppliers has come under particular scrutiny. More than 60% of Black consumers report experiencing racial discrimination in retail stores, while approximately one-third of minority consumers report experiencing racial discrimination from an advertisement, according to the Journal of Consumer Affairs.

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