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Retail News Breaks Archives

Week of   

Week of Mon, Sep 21st, 2009

McNeil voluntarily recalls some children's Tylenol products

McNeil Consumer Healthcare is recalling certain lots of Children's and Infants' Tylenol liquid products made over a year ago.

CVS opens 7,000th drug store

CVS Caremark Corp. this week opened its 7,000th drug store, in Little Canada, Minn.

Walgreens to compound Tamiflu due to shortage

With a busy flu season looming, Walgreen Co. is preparing to compound Tamiflu capsules because of a short supply of the oral suspension for children.

New Jersey to bolster pharmacy reimbursement

In a win for drug chains, New Jersey plans to step up its pharmacy reimbursement rate, according to the National Association of Chain Drug Stores.

Rite Aid cuts 2Q loss, but sales dip

Rite Aid Corp. posted a smaller loss for its fiscal 2010 second quarter amid a slight decline in total revenue and same-store sales.

Rite Aid names head of pharmacy operations

Rite Aid Corp. has promoted a pair of senior executives: Robert Thompson to executive vice president of pharmacy and Bill Wolfe to senior vice president of managed care and government affairs.

Former Rite Aid executive to join Prasco

David Vucurevich, a former pharmaceutical purchasing executive at Rite Aid Corp., is joining generic drug manufacturer Prasco Laboratories.

NACDS hits Capitol Hill as Senate mulls health reform bill

Over a dozen members of the National Association of Chain Drug Stores board are meeting with congressional lawmakers to highlight pharmacy's key role in controlling health care costs and improving service quality and access.

Pharmacy groups ask Congress to delay Medicaid cuts

As a deadline for planned Medicaid cuts nears, a coalition of pharmacy industry groups is urging congressional leaders to delay the reductions and modify the formula for reimbursing pharmacies that dispense generic drugs to Medicaid recipients.

Poll: Rx patients encounter problems with mail order

Many patients go without their prescribed medications because of slow or ineffective service by mail-order pharmacies, according to a poll by the National Community Pharmacists Association.