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First Rite Aid stores go to Walgreens

First Rite Aid stores go to Walgreens

Walgreens Boots Alliance (WBA) has taken over the first group of Rite Aid stores as part of the asset sale agreement the companies unveiled in September. Rite Aid Corp. said late Monday that it has transferred 97 stores and related assets to WBA. This completes the pilot closing and first subsequent

Teva unveils reorganization plan

Teva unveils reorganization plan

Just over two months after naming a new chief executive officer, Teva Pharmaceutical Industries Ltd., the world’s largest maker of generic drugs, is reorganizing its business and leadership structure.

Analysts size up Amazon’s pharmacy opportunity

Analysts size up Amazon’s pharmacy opportunity

Pharmacy stands as a sizable growth opportunity for Amazon, and its avenues for market entry include acquisitions, with Rite Aid Corp. and Diplomat Pharmacy Inc. among potential targets, according to Cowen analysts John Blackledge and Charles Rhyee.

Greg Bradley named Foundation Consumer Healthcare CEO

Greg Bradley named Foundation Consumer Healthcare CEO

Foundation Consumer Healthcare (FCH) has named Greg Bradley president and chief executive officer. The move comes as Foundation Consumer Healthcare has completed its $675 million acquisition of Plan B One-Step and two value emergency contraceptive brands from Teva Pharmaceutical Industries Ltd.

AmerisourceBergen to buy H.D. Smith

AmerisourceBergen to buy H.D. Smith

AmerisourceBergen Corp. plans to acquire fellow pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said late Monday that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H. D.

Kaleo to launch Auvi-Q auto-injector for young children

Kaleo to launch Auvi-Q auto-injector for young children

Next year, Kaleo plans to release Auvi-Q 0.1 mg, a version of its epinephrine auto-injector for infants and small children. Kaleo said Monday that the Food and Drug Administration has approved its supplemental New Drug Application (sNDA) for Auvi-Q 0.

Reports: CVS may be near deal to buy Aetna

Reports: CVS may be near deal to buy Aetna

A deal for CVS Health to acquire Aetna Inc. could happen by the end of the month, published reports say. Citing anonymous sources, The Wall Street Journal reported Monday that CVS was nearing a $66 billion agreement to buy the health insurer, according to reports.

Surgeon General, senator extend kudos to CVS

Surgeon General, senator extend kudos to CVS

U.S. Surgeon General Jerome Adams, M.D., and Sen. Sheldon Whitehouse (D., R.I.) hailed CVS Health’s efforts to cut tobacco use in a recent hearing of the Senate Health, Education, Labor and Pensions (HELP) Committee.

Kaufmann named Cardinal CEO, succeeding Barrett

Kaufmann named Cardinal CEO, succeeding Barrett

Mike Kauf­mann has been named chief executive officer of Cardinal Health Inc., effective January 1. The 54-year-old Kaufmann, Cardinal’s chief financial officer, will succeed George Barrett.

Ashworth promoted by WBA

Ashworth promoted by WBA

Walgreens Boots Alliance Inc. (WBA) has promoted Richard Ashworth to president of operations at Walgreens, a newly created ­position.