Meaningful product innovation central to retail growth
New product launches have a notoriously high failure rate. In fact, Nielsen once pegged the failure rate of new consumer packaged goods at a staggering 85%.
CDR
Senators aim to quash pharmacy gag clauses
A group of senators are sponsoring legislation to bring more prescription drug pricing transparency to the pharmacy counter. Sens. Susan Collins (R., Maine), Claire McCaskill (D., Mo.) and Debbie Stabenow (D., Mich.) yesterday introduced the Patient Right to Know Drug Prices Act (S.
Genoa Healthcare opens doors to 400th pharmacy
Behavioral health pharmacy operator Genoa Healthcare has opened its 400th location in its home state. Tukwila, Wash.-based Genoa on Thursday held the grand opening of its newest pharmacy at Comprehensive Life Resources, a nonprofit behavioral health center in Renton.
Amneal launches two generics
Amneal Pharmaceuticals has launched two generic drugs, including first-to-market erythromycin tablets.
Ex-GSK CEO Andrew Witty to take helm at Optum
Former GlaxoSmithKline plc chief executive officer Sir Andrew Witty has been named CEO of Optum, the health services, technology and pharmacy benefits management unit of health insurance giant UnitedHealth Group. Plans call for Witty to start as Optum CEO on July 1.
Execs in spotlight at Retailer of the Year Awards
At a reception in Manhattan this month, Chain Drug Review honored the recipients of the publication’s Retailer of the Year Awards.
CVS Health shareholders OK Aetna acquisition
Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc.
Cigna to buy Express Scripts for $67 billion
Continuing cross-segment consolidation in the health care arena, health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal.
Perrigo readies store-brand Mucinex DM Maximum Strength
Perrigo Co. has been cleared by the Food and Drug Administration to market over-the-counter guaifenesin and dextromethorphan hydrobromide extended-release tablets 1200 mg/60 mg, an expectorant and cough suppressant.
Walmart health executive George Riedl to depart
George Riedl, senior vice president at Walmart and president of the Walmart Health and Wellness division, is leaving the company. A Walmart spokeswoman said Wednesday that Riedl, a key pharmacy executive at the retail giant, is slated to depart on March 16.
Ideavillage’s Finishing Touch adds Flawless Colors to lineup
Ideavillage Products Corp. has expanded its Finishing Touch Flawless women’s facial hair removal device line with the Flawless Colors collection. The Finishing Touch Flawless facial hair removal device made its debut in white last June, rapidly becoming an Amazon.
More Rite Aid stores transferred to Walgreens
Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed
Flu fears hoist sales of hand cleaner products
Sales of hand cleaner products, particularly hand sanitizer and hand wipes, have jumped since the start of the year, driven by the severe U.S. flu season, according to market research firm The NPD Group. NPD said Monday that hand cleaner sales at retail surged 16% year over year to $83.6 million in
NACDS participates in White House Opioid Summit
The National Association of Chain Drug Stores took part in yesterday’s White House Opioid Summit and continues to give retail pharmacy’s take on how to combat the opioid abuse epidemic.
GSK rolls out Sensodyne Rapid Relief
GSK Consumer Healthcare has launched Sensodyne Rapid Relief, a new toothpaste formulated for fast relief of tooth pain from sensitivity. GSK said Tuesday that Sensodyne Rapid Relief is clinically proven to alleviate tooth sensitivity in as soon as three days with twice-daily brushing.