Cardinal Health sells China pharma business for $1.2 billion
Cardinal Health Inc. plans to sell its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co. Ltd. for $1.2 billion.
CDR
Advantage Solutions to acquire Daymon Worldwide
Sales and marketing firm Advantage Solutions is buying retail and brand marketing specialist Daymon Worldwide. Financial terms of the transaction weren’t disclosed. Under the agreement, Daymon will continue to operate as a separate legal entity at its Stamford, Conn., headquarters.
Sales edge in up 3Q at Shoppers Drug Mart
Led by the pharmacy, Shoppers Drug Mart saw sales climb as parent Loblaw Cos. reported financial results for the 2017 third quarter. Loblaw said Wednesday that for the 16 weeks ended Oct. 7, Shoppers Drug Mart totaled revenue of $3.751 billion (Canadian), up 3.8% from $3.613 billion a year earlier.
Upsher-Smith parent sells stake in U.S. generics unit
Upsher-Smith Laboratories LLC said its Japan-based parent, Sawai Pharmaceutical Co., has agreed to sell a 20% stake in its Sawai America Inc. subsidiary to Sumitomo Corp. of Americas (SCOA). Under the deal, SCOA — part of global conglomerate Sumitomo Corp.
Rite Aid names new western division senior VP
Rob Mullins has been promoted to senior vice president of store operations of the western division, succeeding Bill Romine, who is retiring.
Crossmark Canada makes leadership appointments
Crossmark Canada has promoted Kim Thompson to senior vice president of client and business development and hired Steve Noble as director for Marketing Werks.
Lovell Drugs enlists Maricann to supply medicinal cannabis
Ontario pharmacy chain Lovell Drugs has signed a letter of intent with Maricann Group Inc. to be its exclusive supplier of medicinal cannabis.
Hy-Vee acquires pair of telepharmacies in Iowa
Hy-Vee Inc. has acquired two telepharmacy locations in Iowa and rebannered them as Hy-Vee Pharmacy. Financial terms weren’t disclosed. The food and drug retailer said Tuesday that the telepharmacies, formerly operated by TelePharm LLC, now part of Cardinal Health Inc.
Pfizer appoints Albert Bourla to new COO post
In a fine-tuning of its executive leadership, Pfizer Inc. has named Albert Bourla as chief operating officer, a newly created position. Pfizer said Bourla, 56, currently group president of the Pfizer Innovative Health business unit, is slated to start in the COO role on Jan. 1.
Former Lilly exec Alex Azar tabbed to head HHS
Biopharmaceutical industry executive Alex Azar has been nominated as secretary of the U.S. Department of Health and Human Services (HHS) to fill the post vacated by Tom Price.
It’s a mobile health tech explosion
almost double the number two years ago — and about 200 new apps are launched daily. What’s more, over 340 consumer wearable devices are now on the market globally. And supporting the burgeoning
MicroTouch debuts Solo all-in-one ‘smart’ razor
MicroTouch has added a “smart” all-in-one razor, dubbed the MicroTouch Solo, to its economically priced men’s grooming line. The IdeaVillage Products Corp.
Loblaw Cos. shifts to single loyalty program
Next year, Loblaw Cos. plans to launch a unified customer loyalty program that joins the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart and supermarket chains.
Golinkin departs RediClinic, Health Dialog to lead FastMed
Web Golinkin, chief executive officer of Rite Aid Corp. subsidiaries RediClinic and Health Dialog, has left the companies to become CEO of FastMed Urgent Care. FastMed said Golinkin will oversee its more than 100 walk-in urgent care clinics in Arizona, Texas and North Carolina.
NACDS sees pharmacy as opioid crisis solution
Pharmacy can be key to thwarting opioid abuse, National Association of Chain Drug Stores president and chief executive officer Steve Anderson told a government summit on the crisis.
Industry mourns SDM founder Murray Koffler, 93
Murray Koffler, who over 50 years ago founded what would become Canada’s largest drug chain, Shoppers Drug Mart, has died at age 93. Also a prominent philanthropist and businessman, Koffler passed away on Sunday at his home in Toronto. Koffler was born in Toronto in 1924. At age 17, he went on a