Target to buy Shipt for $550 million
Target Corp. has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash.
CDR
NCPA CEO urges federal action on PBMs
At a health subcommittee hearing of the U.S. House of Representatives Energy & Commerce Committee, B.
Diplomat hires former BioScrip, CVS exec for PBM
Diplomat Pharmacy Inc. has hired former CVS Caremark executive Chris Luthin as executive vice president of finance for pharmacy benefit management and integration.
Teva, Greenstone roll out Viagra generics in U.S.
The first generic versions of Viagra, Pfizer Inc.’s blockbuster drug for erectile dysfunction, were launched this week in the United States by Teva Pharmaceutical Industries Ltd. and Greenstone LLC.
Jeff Leger named Shoppers Drug Mart president
Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday.
Sanofi cleared to market Admelog mealtime insulin
Sanofi has received Food and Drug Administration approval for Admelog, described as the first follow-on insulin lispro to help people with diabetes manage blood sugar levels at mealtime.
First batch of Rite Aid stores go to WBA
Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain.
How a move by Amazon could impact retail Rx
While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen.
Golinkin departs Rite Aid subsidiaries
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.
Pharmacists’ role in public health lauded
Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, and Gigi Kwik Gronvall, senior associate at the Johns Hopkins Center for Health Security, discussed the increasingly important role pharmacists are playing in public health in a recent op-ed publi
What Millennial shoppers want is within reach of retailers
Millennials have been a hot topic of conversation for more than a decade. It’s the one generational group that continues to confound both employers and retailers: How do we attract them, engage them and retain them? Yet a majority of employees and shoppers are them.
Drug chains could benefit from ubiquity of AI
It sounds like a science fiction plot: machines and computers operating with intelligent and human-like behavior. But artificial intelligence (AI) is real and relevant to any task involving the intellect, and AI applications affect nearly all aspects of modern human life.
Ahold Delhaize forms U.S. parent company
Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S.
Creme of Nature unveils natural coconut milk line
Creme of Nature has rolled out seven new hairstyling products with the launch of the with the Certified Natural Coconut Milk Collection.
Novo Nordisk set to release Ozempic
Novo Nordisk this week gained Food and Drug Administration approval for Ozempic (semaglutide injection), a medication for type 2 diabetes.
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.