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Walmart makes health care a strategic pillar

Walmart makes health care a strategic pillar

Walmart’s health and wellness division is poised to play a prominent part in the discounter’s ambitious drive to reinvent retail for an era when brick-and-mortar stores coexist with e-commerce. Pharmacy, over-the-counter medications and vision care currently account for about 10% of Walmart’s U.S.

Novo Nordisk announces CEO succession

Novo Nordisk announces CEO succession

Lars Rebien Sørensen, president and chief executive officer of Novo Nordisk A/S, is retiring from the company and will be succeeded by Lars Fruergaard Jørgensen. Plans call for Jørgensen, executive vice president and head of corporate development, to take the CEO reins on Jan.

Fred’s tabs McLane as a primary distributor

Fred’s tabs McLane as a primary distributor

Fred’s Inc. has entered a multiyear primary distribution contract with McLane Co. McLane said Thursday that the new agreement, which starts in October, will consolidate the efforts of 60-plus distributors serving Fred’s 651 discount and pharmacy stores.

FDA labeling changes target Rx misuse

FDA labeling changes target Rx misuse

Citing dangers from combined use, the Food and Drug Administration is requiring classwide changes to labeling for opioid analgesics, prescription opioid cough products and benzodiazepines, a group of central nervous system depressant drugs.

Express Scripts program caps drug costs for diabetes

Express Scripts program caps drug costs for diabetes

Express Scripts has unveiled a program designed to rein in drug spending for diabetes patients. The pharmacy benefit manager on Wednesday launched the Diabetes Care Value Program, which the company said improves pharmacy care and controls plan costs for people with diabetes.