Despite the deflationary impact of generic drug price reductions, Jean Coutu Group and its franchised store network turned in solid sales gains for the fiscal 2012 third quarter. The parent company, too, posted improved operating results and net income in the quarter ended Nov.
The U.S. Pharmacopeial Convention (USP) has proposed best practices aimed at preserving the integrity of the pharmaceutical supply chain — namely to reduce the risk of counterfeit drugs and mishandled medications.
In Canada, pharmacists are at the top of the list of the most trusted professions, according to a survey by Ipsos Reid. The public opinion and market research firm said this week that nearly eight in 10 Canadians (78%) say they trust pharmacists, scoring them a 5, 6, or 7 on a trust scale
Parata Systems will be the exclusive presenting sponsor of the 2012 Independent Pharmacy Business Growth Conference next month in Orlando, Fla. The event, hosted by Pharmacy Development Services (PDS), is being held Feb. 23 to 25.
Prilosec OTC, the National Football League and Pro Football Hall of Fame coach John Madden have announced the start of fan voting for the third annual Madden Protectors Award.
A dozen retail pharmacies are set to change hands in the Philadelphia area as Giant Food Stores has agreed to buy 16 Genuardi’s supermarkets from Safeway Inc. Carlisle, Pa.
Lifted by a calendar day shift, Rite Aid Corp. ended 2011 on a strong note by turning in its biggest comparable-store sales increase for the year. The company said Thursday that for the five weeks ended Dec. 31, same-store sales rose 3.6% versus a year earlier. That topped comp-store gains of
Comparable-store sales growth again slowed at Walgreen Co. as the drug chain turned in a narrow increase in December. Walgreens said Thursday same-store sales inched up 0.4% in December, extending a downward monthly growth trend from gains of 1.8% in November, 2.6% in October, 3.
To encourage New Year’s resolution makers to get healthy and lose weight, Rite Aid Corp. is offering customers expert advice in printed guides, online resources and face-to-face conversations with a Rite Aid pharmacist free during January.
The National Association of Chain Drug Stores announced that election analyst and University of Virginia professor Larry Sabato will be a keynote speaker at the 2012 NACDS Annual Meeting. NACDS said Wednesday that Sabato will offer remarks during the event’s business program on Sunday, April 22.
Helen of Troy Ltd. has closed its deal to acquire the PUR water purification product business from Procter & Gamble Co. The company said Tuesday that it projects PUR brand sales at about $110 million annually and that the acquisition will be immediately accretive to earnings.
Shopko Stores and Pamida plan to merge, which will create a chain drug retailer with nearly 300 pharmacy locations in more than 20 states. The two general merchandise retailers — both owned by affiliates of private equity firm Sun Capital Partners — said Wednesday that they expect the
The move by the U.S. Department of Health and Human Services (HHS) to let states set their own definitions of "essential health benefits" covered by plans in upcoming health insurance exchanges spells opportunity for pharmacists, according to the American Pharmacists Association (APhA).
This month, Sam’s Club plans to offer an array of free health screenings and smoking cessation consultations as people get under way with their New Year’s resolutions. The Walmart warehouse club chain, which has more than 500 pharmacies, said that on Jan.
or, at the least, not easily forgotten. Here, in no particular order, are 10 chain drug industry executives who made a big impact during 2011: • Greg Wasson, Walgreens’ president and CEO.
In March, the Food and Drug Administration plans to deploy a single, shared Risk Evaluation and Mitigation Strategy (REMS) for the transmucosal immediate-release fentanyl (TIRF) products.
