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AARP: Retail Rx price growth outpaces inflation

AARP: Retail Rx price growth outpaces inflation

Retail prices for prescription drugs widely used by older Americans have risen more than 50 times faster than the inflation rate, an AARP analysis found. For 768 prescription drugs commonly used by older adults, retail prices surged an average of 6.

WBA becomes stakeholder in PharMerica

WBA becomes stakeholder in PharMerica

Walgreens Boots Alliance (WBA) is now a stakeholder in national specialty pharmacy operator PharMerica Corp. PharMerica on Wednesday announced the close of its acquisition by global investment firm Kohlberg Kravis Roberts (KKR). Under the $1.

Public health in focus at NACDS Foundation Dinner

Public health in focus at NACDS Foundation Dinner

At its 19th Annual Foundation Dinner in Manhattan, the NACDS Foundation raised $1.8 million to support evidence-based research, pharmacy education and philanthropic efforts aimed at improving patient health outcomes and advancing population health.

SheaMoisture launches Red Palm & Cocoa Butter line

SheaMoisture launches Red Palm & Cocoa Butter line

Sundial Brands has introduced the SheaMoisture Red Palm & Cocoa Butter anti-shrinkage hair care collection. Sundial said the new line provides a healthy way for women with curly hair to elongate shrinkage-prone hair and maintain their length.

AmerisourceBergen action plan targets opioid abuse

AmerisourceBergen action plan targets opioid abuse

AmerisourceBergen has ramped up its efforts to thwart opioid diversion and abuse. The pharmaceutical distributor on Thursday announced ongoing operational commitments to prevent opioid abuse and abuse in line with its initiatives to protect the supply chain.

Hershey debuts new Cookie Layer Crunch flavor

Hershey debuts new Cookie Layer Crunch flavor

Hershey Co. has added a fourth flavor to its year-old Cookie Layer Crunch snack line. Launched this week, Hershey’s Cookie Layer Crunch Triple Chocolate bar is made with chocolate creme, chocolate cookie bits and milk chocolate to deliver an indulgent, layered taste, Hershey said.

U.S. health care spending growth slows

U.S. health care spending growth slows

Growth in prescription drug expenditures tailed off despite an overall gain in 2016 U.S. health care spending, according to the Centers for Medicare and Medicaid Services (CMS). Last year, U.S. health care spending totaled $3.3 trillion, up 4.3%, compared with growth of 5.8% in 2015 and 5.

Walmart changes company’s legal name

Walmart changes company’s legal name

The world’s largest retailer is officially changing its legal name from Wal-Mart Stores Inc. to Walmart Inc. Walmart said Wednesday that the change, which takes effect with the start of its new fiscal year on Feb. 1, is meant to reflect the company’s shift from an operator of stores to one that

RangeMe Verified brands eases ‘business-ready’ sourcing

RangeMe Verified brands eases ‘business-ready’ sourcing

ECRM’s RangeMe has launched RangeMe Verified brands, a new service to help retail buyers to identify “business-ready” products and companies. RangeMe said Wednesday that the RangeMe Verified brands service is designed to make the sourcing the right products less time-consuming for retailers.

Fred’s mulls asset sale, posts bigger 3Q loss

Fred’s mulls asset sale, posts bigger 3Q loss

Fred’s Inc. reported a bigger year-over-year loss for its fiscal 2017 third quarter and plans to cancel its dividend and explore the sale of non-core assets. Fred’s said Wednesday that for the third quarter ended Oct. 28, it reported a net loss of $51.8 million or $1.

Walgreens rebranding embraces old, new

Walgreens rebranding embraces old, new

In an era when brand image all too often oversells what it is supposed to represent, Walgreens finds itself in the enviable position of updating its identity to better reflect its very real merits and the combination of continuity and change that characterizes the drug chain.

HDA: Drug chains still Rx distributors’ biggest customers

HDA: Drug chains still Rx distributors’ biggest customers

Chain drug stores remain the largest customer segment for U.S. pharmaceutical distributors, according to the HDA Research Foundation. The 88th Edition HDA Factbook (2017‐2018) said chain drug retailers accounted for nearly 30% of all sales to drug distributors last year.

Aurora Pharmacy parent agrees to merger deal

Aurora Pharmacy parent agrees to merger deal

Aurora Pharmacy is slated to become part of a much larger organization. Parent Aurora Health Care plans to merge with Advocate Health Care to form Advocate Aurora Health, which the companies said will be the nation’s 10th-largest nonprofit, integrated health care system.

Rite Aid, TV physician promote flu vaccination

Rite Aid, TV physician promote flu vaccination

Rite Aid Corp. has enlisted the help of Dr. Jennifer Caudle, a nationally renowned health expert and practicing family doctor, to highlight the importance of getting a flu shot during National Influenza Vaccination Week (NIVW).