CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance industry. Revenue for the three months ended December 31 climbed 11.9% from the year-ago period to $93.
Discount Drug Mart, the regional chain that “Saves you the Run Around,” is now saving time on vehicle registration renewals.
Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents per share from 48 cents per share, reducing the payout for the first time in nearly five decades.
NACDS is applauding the passage of the Lower Costs, More Transparency Act (H.R. 5378) by the U.S. House of Representatives today. The bill — which was introduced by U.S. Representative Cathy McMorris Rodgers (R-WA) on September 8 — is a vital aspect of pharmacy benefit manager (PBM) reform.
Dr. Reddy’s Laboratories is collaborating with Coya Therapeutics Inc. to develop and commercialize an investigational combination therapy for the treatment of amyotrophic lateral sclerosis (ALS). Coya has granted Dr.
The Food and Drug Administration has approved Eli Lilly and Co.’s Omvoh (mirikizumab-mrkz) infusion (300 mg/15 mL)/injection (100 mg/mL), as the first and only interleukin-23p19 (IL-23p19) antagonist for the treatment of moderately to severely active ulcerative colitis (UC) in adults.
CVS Health topped Wall Street’s estimates for third quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’ predicted $2.13, while revenue of $89.76 billion beat the forecast of $88.2 billion.
Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.
SHELTON, Conn. _ LaTanya Langley has been appointed to the newly created post of chief people and legal officer at Edgewell Personal Care Co., effective November 6. Langley has been the company’s chief legal officer.
If you happen to find yourself with a few idle days on your hands (How silly: Retailers seldom have a few extra days on their hands), you just might want to wander over to Des Moines, capital of Iowa, to examine how Hy-Vee, one of the truly stunning retailers this or any country has to
CVS pharmacies here were unaffected Wednesday by a threatened pharmacist walkout. The threat was reported by USA Today, which also had a story about a pharmacist walkout in the area over the weekend.
WASHINGTON – The National Association of Chain Drug Stores (NACDS) – along with leading health organizations the American Cancer Society, the American Diabetes Association (ADA), the American Heart Association, and the Food is Medicine Institute at the Friedman School of Nutrition Science and Policy
Kenvue Inc., the world’s largest pure-play consumer health company by revenue, announced Thursday that it will showcase new topical Tylenol Precise Pain Relieving Cream – the first U.S.
SAN DIEGO – The National Association of Chain Drug Stores has named the winners of the 2023 Total Store Expo Product Showcase.
CHICAGO – U.S. retail sales in July, including spending on both discretionary general merchandise and consumer packaged goods (CPG), increased 2% compared to the same month last year, and unit sales declined 2%.
