Carter-Wallace Reports Profit
ses of a year ago, the drug and consumer products manufacturer Carter-Wallace reported a small profit in the fiscal first quarter ended June 30, 1994.
Net income totaled $441,000. In 1993, Carter-Wallace recorded net losses of $40.8 million due to an accounting change. Revenues rose 13% to $183.3 million from $162.8 million last year.
This quarter included a one-time pretax charge of $17.5 million, or 25 cents a share, which was linked to the company's's discontinuation of the expectorant Organidin. Also, production of the antidepressant Deprol was stopped in April when the Food and Drug Administration withdrew its approval, saying the drug's efficacy was unproven.
Gillette Rolls Out Exotics Line
BOSTON -- Gillette Co. used a technologically advanced fragrance enhancement method when developing its new line of hair care products, White Rain Exotics, which hit store shelves this month.
The line -- comprising three shampoos and conditioners, nonaerosol hair spray, tube gel, spritz and mousse -- retails for approximately $1.29 for each item. It is available in a variety of different outlets nationwide.
Lake to Market Spermicide
VERNON HILLS, Ill. -- Advantage 24, a new spermicidal gel containing the active contraceptive ingredient nonoxynol-9, will be marketed and distributed by Lake Pharmaceutical beginning in September.
Columbia Laboratories developed the product and subsequently signed an exclusive agreement with Lake Pharmaceutical.
The spermicide was designed to be effective for 24 hours, unlike most spermicides, which must be applied no more than two hours before intercourse.
The product contains 1.5 concentrated grams of nonoxynol-9, compared to the customary 4 to 8 grams in most contraceptive gels and creams.
Advantage 24 will be available in packages of three and six single-use, prefilled applicators, retailing at $7.99 and $11.99, respectively.
Cover Girl Adds Holiday Line
NEW YORK -- Cover Girl announced its holiday line, which features stocking stuffers and value-added gift sets for its cosmetics and fragrances.
All cosmetic kits are coded "warm," "cool" or "neutral" and provide shades for all skin tones.
A compact with a mirror on the inside lid will hold eye shadow, eye pencil, mascara, blush, lipstick and NaVy fragrance. It retails at $13.50.
Packaged in gold and malachite gift boxes, the cosmetic stocking stuffer comes in two varieties: one offers nail polish, lip color and Incognito fragrance; the other offers a nail polish, lip gloss and NaVy fragrance. Each retails at $6.25.
The Incognito holiday gift set, which retails at $16.95, contains a cologne and perfume packaged in a malachite box. The NaVy gift sets, available in blue and gold gift boxes, will each contain three sizes of cologne or perfume and gift certificates for a lipstick and nail polish. It retails at $16.95. NaVy stocking stuffers, retailing for $6.25, offer a perfume and a cologne.