Walgreen Co. saw same-store sales drop in January amid a sharp decline in its pharmacy business, which took a hit from the company’s stand-off with pharmacy benefit manager Express Scripts Inc. Walgreens said Friday that comparable-store sales in January fell 4.6%, despite a 0.
The U.S. Food and Drug Administration has granted Mylan Inc. tentative approval for atorvastatin calcium tablets, a generic version of Pfizer Inc.’s blockbuster Lipitor cholesterol-lowering medication. Mylan said Thursday that its Mylan Laboratories Ltd. subsidiary (former Matrix Laboratories Ltd.
Schick has introduced the Xtreme3 Eco, which it said is the first disposable razor to use 100% recycled plastic in the production of its handle and 100% post-consumer paper in its packaging. The Energizer Holdings Inc.
Last year, the Affordable Care Act health care reform law saved 3.6 million people with Medicare $2.1 billion on their prescription drugs, according to the Department of Health and Human Services (HHS).
The National Association of Chain Drug Stores Foundation this week launched its second round of funding for the Community Pharmacy Residency Expansion Project (Community PREP) and announced the winners of the 2011 Pharmacy Student Scholarship Awards.
Personal health care products veteran M’lou Arnett has joined Matrixx Initiatives Inc., maker of the Zicam cold, sinus and allergy remedy line, as chief executive officer. Matrixx said Wednesday that the 47-year-old Arnett, previously chief operating officer of Scerene Healthcare Inc.
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.
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
Walgreen Co. is acquiring the community specialty pharmacy and centralized specialty and mail service pharmacy businesses of BioScrip Inc. for about $225 million. The companies said Thursday that for Elmsford, N.Y.
Bebida Beverage Co. (BeBevCo) is slated to roll out its relaxation and energy drinks at Duane Reade drug stores. BeBevCo said Tuesday that it has acquired a vendor number with Duane Reade, a subsidiary of Walgreen Co.
Sales and marketing specialist Crossmark has formed a new business unit for the drug and value retail channels.
Chain drug retailers Rite Aid Corp. and Walgreen Co. have kicked off heart health initiatives in recognition of American Heart Month in February.
CVS/pharmacy has launched Order Ready Text Messaging, which allows customers to get text messages to notify them when their prescription is ready to be picked up.
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.
Rite Aid Corp. has partnered with American Greetings Corp. and Hershey Co. for "Sweet Escape," a Valentine’s Day promotion on its Facebook and Twitter sites.
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.
