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NCPDP highlights progress in Rx initiatives

The National Council for Prescription Drug Programs (NCPDP) made key strides during 2011 in the areas of prescription labeling, electronic prior authorizations, medication therapy management and electronic prescribing.

NACDS Foundation to fund MTM research

The National Association of Chain Drug Stores Foundation has issued a request for proposal (RFP) to study the health impact of pharmacist-led medication therapy management (MTM) in care teams.

Watson releases Yaz generic

Watson Pharmaceuticals Inc. has begun shipping a Vestura, an oral contraceptive. The company said late Wednesday that the product was launched by its Watson Pharma Inc. subsidiary. Vestura (drospirenone 3 mg and ethinyl estradiol 0.

Walgreens debuts new format in Indianapolis

Walgreens debuts new format in Indianapolis

Walgreen Co. has officially reopened 68 stores in the Indianapolis area that have been converted to the drug chain’s new "health and daily living" format. Walgreens said Thursday that president and chief executive officer Greg Wasson was joined by Sen. Richard Lugar (R., Ind.

Kodak files for Chapter 11 bankruptcy

Eastman Kodak Co., an iconic U.S. company and at one time a core supplier to chain drug stores, has filed for Chapter 11 bankruptcy protection. Kodak said Thursday that the company and its subsidiaries made the filing for Chapter 11 business reorganization in the U.S.

Gilead closes deal to acquire Pharmasset

Gilead Sciences Inc. has completed its acquisition of Pharmasset Inc., a clinical-stage pharmaceutical firm. Gilead said late Tuesday that its subsidiary, Royal Merger Sub II Inc., has finalized the transaction to buy Pharmasset for $137 per share in cash, or about $11.2 billion.

Kraft plans U.S. sales revamp, layoffs

Kraft Foods Inc. plans to realign its U.S. sales organization and lay off about 1,600 employees as it readies for a spin-off of its grocery business, splitting the food manufacturing giant into two public companies.