Robust front-end business lifted sales and earnings at Shoppers Drug Mart Corp. in the first quarter. The Canadian drug chain said Thursday that for the first quarter ended March 24, total revenue rose 2% to $2.39 billion (Canadian) from nearly $2.35 billion a year earlier.
Opportunities for pronounced gains in market share by the top chain drug retailers are few, but several catalysts stand to propel pharmacy business, according to industry observers.
Watson Pharmaceuticals Inc. plans to buy Actavis Group for 4.25 billion euros ($5.6 billion). Announced late Wednesday, the deal comes after recent buzz of a potential Watson acquisition of Switzerland-based Actavis by industry analysts.
For the chain drug retailing sector, the next several years or more will be crucial, according to Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores.
Schick Intuition has launches The Simplicity Project, an initiative on Facebook designed to help women make their lives easier. The Energizer Personal Care women’s shaving brand said Wednesday that through the end of the summer, women can go online to Facebook.
PepsiCo’s Pepsi MAX brand is giving baseball fans a chance to take the field with Major League Baseball legends in the Pepsi MAX MLB Field of Dreams program. The beverage giant said Tuesday that through June 15, fans across the country can go to MLB.com/PepsiMAX to votes for players on the American
Mylan Inc. and Dr. Reddy’s Laboratories have released olanzapine tablets, an antipsychotic medication, in six dosage strengths. The companies said Tuesday that their products, a generic version of Zyprexa from Eli Lilly and Co., come in strengths of 2.5 mg, 5 mg, 7.5 mg, 10 mg, 15 mg and 20 mg. Dr.
A federal judge has denied an effort by retail pharmacy groups to prevent pharmacy benefit managers Express Scripts Inc. and Medco Health Solutions Inc. from merging. Published reports said Judge Cathy Bissoon of the U.S.
The National Association of Chain Drug Stores has recognized Andy Giancamilli, former chief executive officer of Katz Group Canada, with the Sheldon W. Fantle Lifetime Achievement Award and M. Jerome Brown, former vice president of industry and customer development at Unilever, with the Robert B.
A set of pharmacy programs by Walgreen Co. are driving higher rates of patient adherence to their prescribed medications.
Well over 90% of Internet drug outlets don’t comply with U.S. pharmacy laws, in turn driving prescription drug abuse and misuse and facilitating the entry of counterfeit medications into the U.S. drug supply, a study by the National Association of Boards of Pharmacy (NABP) found.
The National Community Pharmacists Association has submitted recommendations to federal lawmakers as a Senate committee readies legislation to reauthorize the Prescription Drug User Fee Act (PDUFA). NCPA said it has sent a letter to Sen. Tom Harkin (D.
The National Association of Chain Drug Stores Foundation has named executives from Rite Aid Corp., GlaxoSmithKline and Pfizer Inc. to its board of directors for the 2012-13 term.
Walgreen Co. president and chief executive officer Greg Wasson becomes chairman of the National Association of Chain Drug Stores at a pivotal time for the industry.
Walgreen Co. has launched a new online tool that lets customers choose a pharmacist by matching their health care needs with the expertise, specialties, languages and clinical backgrounds of Walgreens pharmacists.
The Ontario Pharmacists’ Association (OPA) called an Ontario government plan to cut pharmacy reimbursement for generic drugs misguided, noting that such a move would mark the second such reduction in two years.
