Pharmacists in Ontario face cutbacks
The Ontario government is consulting with pharmacy industry stakeholders on achieving $55 million (Canadian) in savings in drug spending, according to the Canadian Association of Chain Drug Stores (CACDS).
CDR
UrgentRx eyes bigger retail distribution
Over-the-counter medicine startup UrgentRx is readying for national expansion. The company said Monday that it has closed on $3 million round of financing, led by Los Angeles-based venture-capital fund JUMP Investors.
Study: Fraction of shoppers make or break new CPG products
The success of a newly launched consumer package goods (CPG) product rests in the hands of just a tiny fraction of shoppers, a study by Catalina Marketing Corp. finds. Catalina said Monday that the report, titled "New Products and the Pivotal Consumer," reveals that on average only 1.
Catalina’s new tool helps sharpen digital media
Catalina Marketing Corp. has unveiled Catalina BuyerVision, a purchase-based targeting solution for consumer packaged goods advertisers that boosts the efficiency of digital media.
Mexican diaper rash product hits U.S. chain store shelves
Pasta De Lassar Andromaco, a leading diaper rash treatment and skin protectant for decades in Mexico, is making its debut in the United States. In the U.S., Pasta De Lassar diaper rash treatment will be supported by TV and social media campaigns.
Toothbrush Shield provides antimicrobial oral care
IntelliDent has launched the Toothbrush Shield, which the company said creates a new product category in oral care for pharmacies nationwide. The Toothbrush Shield The E4 Technologies Inc. division said Friday that the Toothbrush Shield "acts like a surgical mask for your toothbrush.
Wasson gauges Walgreens’ position as market shifts
As the new chairman of the National Association of Chain Drug Stores, Greg Wasson exudes a sense of confidence despite the considerable challenges faced by the retail pharmacy industry.
As market shifts, Wasson assesses Walgreens’ position
During the National Association of Chain Drug Stores Annual Meeting here last month, Greg Wasson, the organization’s new chairman, exuded a sense of confidence despite the considerable challenges faced by the industry.
Merlo: CVS Caremark firing on all cylinders
CVS Caremark Corp. is right where it needs to be to thrive in today’s increasingly complex health care market, president and chief executive officer Larry Merlo said at the company’s annual shareholders meeting here.
Rx loses round in PBM lawsuit
Pharmacy advocates are pressing ahead with a lawsuit to stop the merger of Express Scripts Inc. and Medco Health Solutions Inc. despite a judge’s refusal to grant a preliminary injunction freezing the transaction. On April 25 U.S.
Pharmacists in Ontario face cuts
The Ontario government is consulting with pharmacy industry stakeholders on achieving $55 million (Canadian) in savings in drug spending, according to the Canadian Association of Chain Drug Stores (CACDS).
Work on Rite Aid refinancing progresses
Rite Aid Corp. has added to a debt offering initiated earlier this year, drawing a favorable response from credit rating agencies. The drug chain plans to issue $426 million in senior unsecured notes due in 2020 to help fund a refinancing of debt. This month the company began a cash tender
Pharmasave’s Paish moves on
Sue Paish will end her five-year stint as head of Pharmasave Drugs when she leaves the company later this month to become chief executive officer at the laboratory testing services provider LifeLabs Inc.
Jean Coutu reduces its stake in Rite Aid
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
CACDS designates McKinnon interim CEO
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.