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CDR

Navarro puts store remodel in spotlight

Navarro Discount Pharmacy showcased its remodeled store in Coral Gables, Fla., with a grand opening event attended by company executives and local officials. The Coral Gables store features a new self-serve fragrance counter.

Rite Aid unveils debt refinancing plan

Rite Aid Corp. plans to issue $426 million senior unsecured notes due in 2020 to help fund a refinancing of debt. The drug chain on Thursday began a cash tender offer to buy $405 million of its 9.375% senior notes due in 2015. The company said it would call any of

CVS Caremark takes aim at cardiovascular health

CVS Caremark Corp. is serving up free blood pressure tests as part of a series of cardiovascular health efforts in May for National High Blood Pressure Education Month and in support of the federal Million Hearts initiative.

Walgreens reports April comp-store sales decline

Walgreens reports April comp-store sales decline

Decreased results in the pharmacy and the front end pulled down same-store sales for Walgreen Co. in April. Walgreens said Thursday that April comparable-store sales fell 6.4% year over year, despite a positive impact of 0.

Jean Coutu Group finishes strong in fiscal 2012

Jean Coutu Group finishes strong in fiscal 2012

Jean Coutu Group and its franchised drug store network saw robust sales gains for the fiscal 2012 fourth quarter and ended the year on an up note. The Canadian pharmacy retailer also reported increased profit, exceeding the earnings-per-share (EPS) forecast of financial analysts.

Same-store sales up at Rite Aid in April

Gains in the pharmacy and front end lifted same-store sales at Rite Aid Corp. for April. The drug chain said Thursday that for the four weeks ended April 28, comparable-store sales rose 2.9%, down from the 3.6% comp-store sales increase in March but continuing a string of monthly gains over the

Sandoz to acquire Fougera for $1.5 billion

Sandoz, the generic drug subsidiary of Novartis, plans to buy Fougera Pharmaceuticals in a cash deal of about $1.53 billion. Novartis said late Wednesday that, pending regulatory approvals, it expects to finalize the transaction in the second half of this year.

Sanofi launches glucose meter for iPhone, iPod

Sanofi has announced the U.S. launch of the iBGStar Blood Glucose Monitoring System, which the company said is the first Food and Drug Administration-approved blood glucose meter that connects directly to the Apple iPhone and iPod touch.