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CDR

CVS Caremark names government affairs exec

Larry Burton has been hired as senior vice president of government affairs at CVS Caremark Corp. CVS Caremark said Thursday that Burton, who previously was executive director at Business Roundtable in Washington, D.C., will join the company on Feb. 27.

Rite Aid’s same-store sales stay on growth path

Gains in both the front end and pharmacy propelled Rite Aid Corp. to another month of increased same-store sales in January. Rite Aid said Thursday that for the four weeks ended Jan. 28, comparable-store sales climbed 2.2% from a year earlier. That fell short of the 3.6% comp-store sales gain in

NACDS praises court ruling on Medi-Cal cuts

National Association of Chain Drug Stores is part of a group of health care-related organizations hailing a tentative decision by a federal court to block a 10% reimbursement cut in Medi-Cal, California’s Medicaid program.

Prescription files from 33 Kmarts acquired by Walgreens

Walgreen Co. plans to buy prescription files and inventory from 33 Kmart pharmacies in 16 states. Walgreens said Monday that it will purchase the pharmacy patient files and transfer them to nearby Walgreens pharmacies. Financial terms of the agreement were not disclosed.

Katz sells two business units to McKesson

Katz Group Canada has signed an agreement to sell Drug Trading Co., its banner pharmacy business, and Medicine Shoppe Canada, its franchise pharmacy business, to McKesson Corp. for about $920 million. As part of the transaction McKesson is entering into other ancillary agreements with Katz Group.

Former Genovese exec joins PearlBrite advisory board

Leonard Genovese, part of the family that ran the former Genovese Drug Stores Inc. chain, has been retained by PearlBrite Concepts Inc. to serve on its board of advisors management team. PearlBrite is a nondental, cosmetic teeth whitening company and subsidiary of Delta Entertainment Group Inc.

CeraVe introduces renewing lotion

Coria Laboratories has expanded its popular CeraVe skin care line with CeraVe SA Renewing Lotion. The Valeant Pharmaceuticals North America subsidiary said Thursday that CeraVe SA Renewing Lotion is now available at drug stores and mass retailers nationwide at a suggested retail price of $14.99.

Shoppers Drug Mart adds essence to exclusive brands

Shoppers Drug Mart Corp. is expanding its roster of exclusive beauty care brands with the rollout of essence, a Germany-based value cosmetics brand. At Shoppers Drug Mart, essence cosmetics will be showcased in an innovative display.