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CVS Caremark sees 3Q profit, sales surge

CVS Caremark sees 3Q profit, sales surge

Income from continuing operations rose nearly 17% during the third quarter at CVS Caremark Corp., as its pharmacy benefit management segment drove a double-digit sales surge. CVS said Tuesday that income from continuing operations for the three months ended September 30 climbed 16.7% to $1.

Questions on compounding arise in wake of outbreak

As the investigation continues into the Massachusetts compounding center identified as responsible for the meningitis outbreak that, at presstime, left at least two dozen individuals dead, defenders of the longtime practice are attempting to convince the public that compounding has a history of bein

Credit card settlement draws fire

A hearing on the proposed $7.2 billion settlement between merchants and credit card companies has been set for November 9. Retailers and others opposed to the settlement had until October 31 to file their written objections.

Appeals court to consider Medi-Cal case

The National Association of Chain Drug Stores and several other heath care groups are continuing their efforts to block the state of California from cutting Medi-Cal reimbursement rates. In the spring of 2011 the California legislature passed and Gov.

Two regional drug chains go mobile

Kerr Drug and Pharmaca Integrative Pharmacy have both teamed up with mobile pharmacy solutions provider mscripts to offer their patients the ability to manage their ­prescriptions from a mobile phone.

Walgreens unveils ‘green’ private-label line

Walgreen Co. has begun the rollout of Ology, which it calls the first nationally accessible and affordable brand of home products free of harmful chemicals. Due to be available nationwide this month, Ology includes baby care and personal care products and household cleaners.

Rx Response aids in Hurricane Sandy response

Rx Response, an initiative of the nation’s pharmaceutical supply chain, is working closely with federal, state and local government agencies to address the impact of Hurricane Sandy on the supply of prescription drugs.

H.D. Smith wraps up Valley Wholesale Drug purchase

H.D. Smith has finalized its acquisition of Valley Wholesale Drug. The pharmaceutical distributor said Friday that under the agreement announced in mid-October, Valley Wholesale will be run as a wholly owned subsidiary of H.D. Smith. Terms of the deal weren’t disclosed.

October sales down but improve at Walgreens

October sales down but improve at Walgreens

Same-store sales improved but remained on the downside at Walgreen Co. for October, with Hurricane Sandy impacting results at the end of the month. Walgreens said Monday that comparable-store sales fell 5.9% in the period through Oct. 31, better than the 11.1% decrease reported for September.