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Week of Mon, Jun 14th, 2010

Kinney promotes financial exec, hires retail director

Kinney Drugs has promoted Michael Burgess to vice president of financial planning and treasury services and hired Duckwall-ALCO executive Jim Spencer as director of retail operations.

Walgreens, CVS Caremark settle PBM dispute

Ending what had been shaping up to be a standoff, Walgreen Co. and CVS Caremark Corp. have reached an agreement in which Walgreens will continue as a provider in the Caremark pharmacy benefit management retail network for current, new and renewal plans.

FDA issues alert on fraudulent Tamiflu

The Food and Drug Administration is warning consumers about a potentially harmful product represented as "Generic Tamiflu" that's sold on the Internet.

Lawmakers: Rx unfairly targeted for DME costs

Two members of Congress have asked the Centers for Medicare and Medicaid Services (CMS) to stop aggressive efforts by Medicare Part B durable medical equipment (DME) contractors to recoup costs from pharmacies, according to the National Community Pharmacists Association.

Kerr Health's Chater to head state pharmacy board

Rebecca Chater, executive vice president of Kerr Health, has been elected as president of the North Carolina Board of Pharmacy.

CDMA partners with e-learning provider

The Chain Drug Marketing Association has teamed up with LearnSomething Inc. on a program to provide an online alternative to off-site or internal training.

Walgreens gets more mobile with Rx text alerts

Walgreen Co. has stepped up access for on-the-go customers with a relaunched mobile Web site and iPhone application plus prescription text alerts and other new capabilities for text messaging and smart phone users.

Bartell continues anniversary celebration with new contest

As part of its 120th anniversary celebration marketing, Bartell Drugs has launched the "Magical History Tour," a contest focusing on fun facts about Washington's Puget Sound.

Loblaw changes dispensing fees at nofrills pharmacies

Loblaw Cos. has changed the usual and customary dispensing fees for drug products to one common fee at all of its nofrills banner store pharmacies in Ontario.

CVS Caremark to buy back up to $2B in stock

CVS Caremark Corp. has initiated a new share repurchase program for up to $2 billion of its outstanding common stock.

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