Skip to content

CDR

Comp-store sales edge up at Rite Aid

Rite Aid Corp. reported an uptick in comparable-store sales for June after posting a decline the previous month. The drug chain said Wednesday that for the four weeks ended June 29, same-store sales rose 0.7% year over year. The result marked a gain from a 1.5% decrease in May and continued

Sales rise in June at Walgreens

Walgreen Co. saw its comparable-store sales stay on the upside in June. Walgreens said Wednesday that comp-store sales rose 2.3% in June, reflecting negative impacts of 1.5 percentage points from calendar day shifts (one extra Sunday and one fewer Friday) and 1.

Key health reform rule suspended for a year

The Obama administration is giving larger employers another year to comply with the Patient Protection and Affordable Care Act (ACA) mandate that they provide health insurance coverage for their workers or pay a penalty.

Rite Aid completes debt refinancing

Rite Aid Corp. has wrapped up transactions aimed at refinancing more than $800 million of debt. The drug chain said Tuesday that it has closed an offering of $810 million of its 6.75% unsecured senior notes due in 2021. The debt offering was announced June 18. Along with cash and/or borrowings

Rite Aid tabs PAI for ATM services

Payment Alliance International (PAI) has been selected by Rite Aid Corp. to provide ATM services for about 1,500 Rite Aid drug stores in the western and southern United States.

Maine enacts law enabling prescription drug importation

Maine has become the first state to legalize the importation of prescription drugs by individuals. The bill, "An Act To Facilitate the Personal Importation of Prescription Drugs from International Mail Order Prescription Pharmacies," was enacted as an unsigned law on Thursday.

Kirby Lester Rx automation enlisted by Care Pharmacies

Care Pharmacies has named Kirby Lester LLC as its preferred partner for pharmacy automation technology. Kirby Lester, which announced the partnership this week, said that under the contract it will provide its pharmacy automation to members of Care’s cooperative of retail and specialty pharmacies.

Dr. Reddy’s launches generic version of Lamictal XR

Dr. Reddy’s Laboratories has released lamotrigine extended-release tablets, an anti-seizure medication. The India-based drug maker said Wednesday that its lamotrigine product is a therapeutically equivalent generic version of GlaxoSmithKline’s Lamictal XR tablets. Dr.