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Inside This Issue - News
A day after Rite Aid Corp. chief operating officer John Standley took the reins as the drug chain’s president and chief executive officer, the company named senior executive vice president of merchandising, marketing and logistics Ken Martindale as its new chief operating officer. Later this summer Walgreen Co. plans to give its customers a taste of Duane Reade’s successful private label program as it continues to ramp up its food offering. Building on the pharmacy-specific provisions in the health care reform law, the National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) have endorsed medication therapy management (MTM) legislation. Walmart has made several changes in its management ranks in recent weeks. The Canadian drug chains Pharmasave and Rx PharmaChoice have formed a strategic alliance that executives say will strengthen both companies. After the confirmation of President Obama’s choice to run the Centers for Medicare and Medicaid Services (CMS) was held up for nearly three months by Republicans, the president bypassed the legislators earlier this month and appointed Donald Berwick to the post while the Senate was on its summer recess. Jean Coutu Group, which posted increased profit in the first quarter, is waiting to see how provincial drug reform will affect its future earnings. The National Community Pharmacists Association (NCPA) and the Chain Drug Consortium (CDC) have formed a collaboration that they say will leverage the strengths of each organization and advance the interests of community pharmacists and their patients. Rite Aid Corp. has launched the latest phase of its revamped private label program with the debut of Simplify, a store brand aimed at price-sensitive shoppers. Health care reform is being viewed more favorably following the Obama administration’s rollout of multiple regulations laying the groundwork for the law’s implementation.
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