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In addition to Mark Manner's busy corporate legal practice, he has established himself as a respected and avid astronomer. Read more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Thought Leadership

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Blueprint for an IPO

Companies go public to raise capital to fuel growth, pay down debt and provide liquidity to shareholders. Although all issuers and offerings are different, the basic process of going public remains relatively constant. Blueprint for an IPO identifies the key players, details the process and identifies the obligations companies will face after going public.

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California Rule Change: Drug Labeling Requirements

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February 15, 2017

Recently, the California Board of Pharmacy announced changes to its drug labeling rules that will take effect on April 1, 2017. The Board of Pharmacy amended Section 1744 of Article 5 of Division 17 of Title 16 of the California Code of Regulations to require that a pharmacist notify patients, via a written label on the drug container, of the risk associated with any drug that (1) may impair a user's ability to operate a vehicle or vessel, or (2) poses a substantial risk to the person consuming the drug when taken in combination with alcohol.

In addition to identifying certain classes of drug products for which such a label must be included, the amended rule also requires that the pharmacist use his or her professional judgment to determine whether such a label must be included with any other prescription. The previous rule required that the patient be informed of relevant risks, but did not require that written notice of such risks be provided on the label. This updated provision supplements California's existing rules addressing "patient-centered labels" for prescription drugs. 

Pharmacies serving California patients should review their processes to ensure this written notice is included with any such drugs dispensed to a California patient. Should you have any questions, please contact one of the authors listed or any member of our Specialty Pharmacy & Pharmaceuticals team.


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