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September 06, 2010
In a two-pronged transaction, Walgreen Co. plans to sell its long-term care business to Ominicare Inc. and in exchange acquire Omnicare's home infusion business.
Walgreens said the deal expands its growing infusion pharmacy business and that it decided to exit the long-term care pharmacy arena because its current business lacked the necessary scale to reach a leading market position without substantial added investment.
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Same-store sales at Walgreen Co. edged up in August after coming in virtually flat the previous month. Weis Markets this week began offering flu vaccinations at its pharmacies and later plans a round of flu shot clinics. The Centers for Medicare and Medicaid Services (CMS) has proposed withdrawing provisions of the Medicaid average manufacturer price (AMP) rule, a move that retail pharmacy groups called a triumph in their long-running fight over reimbursement. Rite Aid Corp. turned in soft same-store sales for August as results dipped in the pharmacy and the front end. The National Community Pharmacists Association has launched PharmacyMatching.com, a new web site aimed at connecting pharmacy sellers with buyers. Walmart and its Sam's Club subsidiary have started offering flu shots in more than 4,100 discount stores and warehouse clubs nationwide.
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Procter & Gamble Co. said the U.S. Consumer Product Safety Commission (CPSC) and Health Canada have found no cause linking its Pampers Dry Max diapers with public reports of diaper rash and other skin conditions. Energizer Holdings Inc. has introduced what the company said is its first inductive charger built with Qi technology, the new universal charging standard developed by the Wireless Power Consortium (WPC). Orexigen Therapeutics Inc. and Takeda Pharmaceutical Co. Ltd. have entered into an exclusive partnership to develop and commercialize Contrave, Orexigen's investigational drug for the treatment of obesity, in the United States, Canada and Mexico. Bausch & Lomb has kicked off its advertising campaign for Alaway, its 12-hour eye itch relief drops.
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