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Inside This Issue - News
CVS Caremark Corp. has named former Walmart executive Hank Mullany president of CVS/pharmacy, but the appointment is being challenged in court. Cardinal Health Inc. has named John Fiacco as vice president of its Medicine Shoppe International (MSI) and Medicap Pharmacy franchise division. As Medicare recipients continue to explore the various prescription drug plans (PDPs) available, community pharmacies across the country are helping beneficiaries understand their options. Three years after a federal judge blocked the government from lowering Medicaid pharmacy reimbursement rates, the issue will be officially over this month. Cardinal Health Inc. plans to acquire Kinray Inc. for $1.3 billion and has completed a $470 million purchase of Yong Yu, the largest drug importer in China. Speakers at the Canadian Foundation for Pharmacy’s recent forum here weighed in on whether the recent shift in the Canadian pharmacy paradigm was merely a tremor or a seismic shift. Kroger Co. and Safeway Inc. are participating in a new UnitedHealthcare Medicare Part D plan offering drugs for as little as $2 per prescription and promising to save members hundreds of dollars next year. An increased number of shoppers are turning to the Internet this holiday season, and initial reports are that they are responding to promotions and spending more. A proposed class-action lawsuit claiming Shoppers Drug Mart (SDM) collected excessive funds from franchisees is baseless, the company says. Steven Collis has been named president and chief operating officer of AmerisourceBergen Corp. A CVS Caremark Corp.-sponsored study found that patients who face co-pays of $50 are almost four times more likely to abandon prescriptions at a pharmacy than those paying $10.
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