Diplomat works to control specialty drug costs
Biosimilars, generic drugs and affordable branded drugs are top-of-mind at Diplomat Pharmacy Inc. this year as the specialty pharmacy looks to help health plans and patients rein in costs.
CDR
Mission Pharmacal sells OTC health products to MainPointe
Mission Pharmacal Co. has sold a half-dozen over-the-counter health products under the Dr. Smith’s and Thera-Gesic brands to MainPointe Pharmaceuticals LLC. With the divestitures, Mission also licensed the marketing rights for five other OTC health products to Louisville, Ky.-based Mainpointe.
Shoppers Drug Mart has strong fiscal 2017 finish
Shoppers Drug Mart outperformed overall retail sales growth for parent Loblaw Cos. in the 2017 fourth quarter and fiscal year. Loblaw said Thursday that for the fourth quarter ended Dec. 30, Shoppers Drug Mart posted revenue of $3.17 billion (Canadian), up 3.8% from $3.06 billion a year earlier.
Fruth Pharmacy set to hold annual Baby Face Event
To help raise money for local baby charities, Fruth Pharmacy plans to hold its 3rd Annual Baby Face Event on March 24. At the Fruth Pharmacy Baby Face Event, the retailer will be looking for four babies to be the “baby face” for the company’s advertising during the next year. To
Amazon tiptoes into OTC market with Basic Care line
Amazon.com has made an own-brand foray into the over-the-counter health products market.
Store-brand sales surge in mass retail arena
Store-brand sales growth in the mass retail channel approached 10% last year, according to new Nielsen data reported by the Private Label Manufacturers Association (PLMA). In 2017, private-label dollar sales at mass merchant, warehouse club and dollar stores totaled $54.9 billion, up 9.3% from $50.
Presley to succeed Grimwood as Nestlé USA CEO
Steve Presley has been named to succeed Paul Grimwood as market head and chief executive officer of Nestlé USA. Plans call for Presley, now chief finance and strategic transformation officer, to take the helm as Nestlé USA CEO on April 1.
WBA, Express Scripts boost group purchasing relationship
Express Scripts Holding Co. and Walgreens Boots Alliance (WBA) are expanding their group purchasing efforts to include the procurement of specialty branded drugs.
Solodyn generics launched by Teva, Impax
Teva Pharmaceutical Industries Ltd. and Impax Laboratories Inc. have released minocycline HCl extended-release tablets, an acne medication, in 65 mg and 115 mg dosages.
Albertsons-Rite Aid to create wellness powerhouse
The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review.
Hello unveils Replenishmint Subscription Service
Hello Products is launching a subscription service that will enable consumer to stay supplied with its “naturally friendly” oral care products. Dubbed the Replenishmint Subscription Service, the offering is slated to debut on Feb. 21.
Walmart closes out fiscal 2018 on strong note
Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from a year earlier.
CVS, Walmart make list of 50 Most Innovative Companies
CVS Health and Walmart have been named to the 2018 Fast Company 50 Most Innovative Companies list. On this year’s 50 Most Innovative Companies listing, CVS finished in the top 10, coming in at No. 7 for “cleaning up the aisles,” Fast Company said. CVS had last made the list in 2016,
Albertsons Cos., Rite Aid to merge
Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and
Trump’s SNAP judgment may impact adherence
specifically at the pharmacy counter. Earlier this week, the administration proposed to change SNAP by substituting a USDA food package — including such items as shelf-stable milk, cereal, pasta, peanut
Teva rolls out QVAR RediHaler in U.S.
Teva Pharmaceutical Industries Ltd. has made its QVAR RediHaler Inhalation Aerosol (beclomethasone dipropionate HFA) commercially available in 40-mcg and 80-mcg strengths in the United States.