The Jean Coutu Group has sold 56 million shares of Rite Aid Corp., reducing its interest in Rite Aid’s outstanding common shares to 19.85%. The sale, at $1.51 per share, netted $83.6 million. The gain will be recorded in Coutu’s net profit during the first quarter of fiscal 2013, since the carrying
The Canadian Association of Chain Drug Stores (CACDS) is searching for a new leader. The trade group earlier this month announced that it has named Ian McKinnon interim chief executive officer, taking over for president and CEO Nadine Saby, who has resigned.
Reuben Slone has been selected senior vice president of supply chain management at Walgreen Co. He will oversee such areas as distribution, transportation, systems integration and engineering as well as the Lean and Six Sigma supply chain initiatives and community outreach.
Andy Giancamilli and Jerry Brown have been recognized with the chain pharmacy industry’s highest honors. Giancamilli, who retired this year as chief executive officer of Katz Group Canada Ltd. and was a past chairman of the National Association of Chain Drug Stores, received NACDS’ Sheldon W.
The Pharmaceutical Care Management Association (PCMA) has gone on the offensive against community pharmacies, running an advertisement here earlier this month that accuses drug stores of overcharging patients. Titled “It’s the Drugstore Lobby vs. Employers,” the print ad ran in Washington, D.C.
a drug chain and a pharmacy benefits management business that
The Food and Drug Administration has approved generic versions of Plavix (clopidogrel bisulfate), a blood-thinning drug, from nine pharmaceutical manufacturers. The FDA said Thursday that Dr.
Frito-Lay North America has begun a multiyear initiative to validate many of its snack products as gluten-free, with package labeling to follow.
Adam Kmiec has been appointed director of digital marketing and social media at Campbell Soup Co. The food manufacturer said Thursday that Kmiec, 32, will lead its digital marketing and social media efforts to boost consumer demand and build equity for the company and its brands.
This month Coty Inc. is rolling out Nautica Aqua Rush, targeted at the "adventurous" man. Nautica Aqua Rush Coty said this week that Nautica Aqua Rush comes in a bottle sporting "the curve of a swiftly moving sailboat or cresting wave" to reflect the dynamic power of the scent and the active
Pernix Therapeutics Holdings Inc. has introduced the Omeclamox-Pak, the first product in its gastroenterology portfolio.
CutisPharma Inc. recently presented studies that attest to the reliability of its Magic Mouthwash prescription compounding kits.
David Fishman has joined Majestic Drug Co. as vice president. In announcing the appointment this week, the oral care and personal care product manufacturer said the move continues the company’s family-owned business tradition. David Fishman is the son of Larry Fishman, Majestic’s president.
Telepharmacy is enabling pharmacies to reach more patients with their services, improve medication safety and ease staffing shortages at many rural health care and emergency facilities nationwide, according to the Pharmacy Technican Certification Board (PTCB).
Financial worries have many consumers reducing spending, yet pharmacy is one area where they’re not looking to cut back, according to a survey by Empathica Inc. The customer marketing research firm said Thursday that its Consumer Insights Panel survey of more than 6,500 U.S.
