Walgreens’ uniting of Magnacca, Pugh a brilliant stroke
In a stunning announcement out of Deerfield, Ill., earlier this month Walgreen Co.
CDR
Retail/PBM Rx model still holds promise
Walgreens’ decision to sell its pharmacy benefits management business to Catalyst Health Solutions for $525 million is sure to intensify the debate about whether drug chains are well served by owning and operating such entities. For Walgreens, at least, the answer is clearly no.
SymphonyIRI Summit 2011 to focus on ‘competitive edge’
SymphonyIRI Group Inc. has announced the roster of keynote speakers from the consumer packaged goods (CPG), retail and health care industries for its Summit 2011 next week in Miami Beach, Fla.
Qualitest approved for toresmide tablets
Qualitest Pharmaceuticals has received clearance for toresmide tablets, a diuretic medication. The Endo Pharmaceuticals subsidiary said Thursday that the Food and Drug Administration has approved toresmide tablets in 5 mg, 10 mg, 20 mg and 100 mg strengths.
Wrigley offers personalized Extra gum packs
Wm. Wrigley Jr. Co. is enabling chewers of its Extra sugar-free gum to create and buy personalized packs featuring their photos and designs via its first-ever custom-packaging offer, dubbed MyExtra. Under the program unveiled Monday, consumers can visit www.MyExtraGum.
Shoppers Drug Mart aids in Japan relief efforts
Shoppers Drug Mart Corp. is joining the Canadian Red Cross in supporting earthquake and tsunami relief efforts in Japan with an online donation program.
States sign on to NABP Rx monitoring system
The prescription monitoring programs (PMPs) of North Dakota, Ohio and Virginia have agreed to participate in the PMP Interconnect system to fight drug diversion and abuse, according to the National Association of Boards of Pharmacy (NABP).
Physicians Formula launches Eye Booster
Physicians Formula has kicked off an online photo contest for the launch of its new Eye Booster lash line.
CVS Caremark: ‘DAW’ prescriptions prove costly
"Dispense as written," or DAW, prescriptions cost the health care system up to $7.7 billion annually, according to a study by researchers at CVS Caremark Corp., Harvard University, and Brigham and Women’s Hospital.
P&G, Teva to form OTC health care venture
Procter & Gamble Co. and Teva Pharmaceutical Industries Ltd. plan to form a joint venture that will combine their over-the-counter health care businesses in all markets outside North America.
Walgreens to buy drugstore.com for $409M
In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.
NACDS appoints state government affairs director
Jill McCormack has joined the National Association of Chain Drug Stores as a director of state government affairs.
Earnings surge in 2Q at Walgreens
Walgreen Co. saw earnings rise by double digits in its fiscal 2011 second quarter and first half, lifted by robust revenue and same-store sales growth. Walgreens said Tuesday that net earnings for the second quarter ended Feb. 28 came in at $739 million, or 80 cents per diluted share, up 10.4% from
GPhA: Don’t cut funds for FDA generic drug program
The Generic Pharmaceutical Association (GPhA) has called on lawmakers to protect funding for the Food and Drug Administration Office of Generic Drugs.
Covidien CEO to retire; successor named
Richard Meelia is slated to retire as president and chief executive officer of Covidien this summer. The pharmaceutical and health care products company said plans call for Meelia to retire on July 1 and then serve as nonexecutive chairman during a transition period of up to one year.
Loblaw offers complimentary heart health checkups
Loblaw Cos. is providing heart health screenings free at participating stores across Canada in collaboration with the Becel Centre for Heart Health.