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Week of Mon, Jul 30th, 2012

Generics saved $1 trillion over past decade, GPhA study finds

The savings to consumers and the U.S. health care system from the use of generic prescription drugs has climbed to a rate of $1 billion every other day, according to a study from the Generic Pharmaceutical Association (GPhA).

Illinois governor, Walgreens unveil economic plan

Illinois Gov. Pat Quinn and Walgreen Co. have announced an economic growth plan that calls for the drug chain to create 500 jobs over three years and invest $75 million to expand and renovate more than two dozen corporate offices in metropolitan Chicago.

Bartell set to launch school supplies drive

Next week, Bartell Drugs will kick off its annual school supplies donation drive.

July same-store sales decrease at Walgreens

Though down year over year, July same-store sales at Walgreen Co. improved as the pharmacy fared slightly better following a double-digit decline in June.

NCPA rejects credit card fee settlement

The board of directors of the National Community Pharmacists Association has voted against a proposed settlement of a lawsuit brought by retailers and trade groups against Visa, MasterCard and banks over credit-card swipe fees.

Walgreens completes first step of Alliance Boots deal

Walgreen Co. has finalized its initial investment in Alliance Boots, under which the U.S. drug chain is buying a 45% equity stake in the global pharmacy and health and beauty aids retailer for $6.7 billion in cash and stock.

NACDS backs bill to close online sales tax loophole

Calling for a more level playing field, the National Association of Chain Drug Stores has endorsed legislation that would enable states to collect sales tax on purchases made via online retailers and other remote vendors.

Rite Aid comp-store sales back on upside

Comparable-store sales at Rite Aid Corp. grew in July after experiencing a dip the previous month.

Walgreens' e-commerce chief joins Express board

Sona Chawla, president of e-commerce at Walgreen Co., has been appointed to the board of directors at Express Inc.

Surescripts: Minnesota is top e-prescribing state

Minnesota achieved the nation's highest rate of electronic prescription use during 2011, according to Surescripts.

Take Care pilots app for mobile appointments

Take Care Health Systems has begun piloting a consumer health care application that enables mobile and online appointment scheduling services.

MinuteClinic, American Heart Association target high BP

MinuteClinic has partnered with the American Heart Association to improve the identification, treatment and management of high blood pressure.

RxAlly's new CIO has PharmD

Pharmacy alliance RxAlly has appointed Michael Groh as chief information officer.

AmerisourceBergen lands pact with Express Scripts

AmerisourceBergen Corp. has entered a multiyear agreement to supply pharmaceuticals to Express Scripts Inc., which has opted to let its current distribution pact with Cardinal Health Inc. lapse.

CVS readies flu shot voucher program

Next month CVS/pharmacy and MinuteClinic plan to launch a flu shot voucher program for people without health insurance.

Paragon shareholders OK sale to Shoppers Drug Mart

Shareholders of Paragon Pharmacies Ltd. have given the green light to the western Canada drug chain's sale to Shoppers Drug Mart Corp.

Supervalu ousts CEO Herkert

Struggling food and drug retailer Supervalu Inc. has named chairman Wayne Sales as chief executive officer, replacing Craig Herkert.

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