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1Q report: CVS Caremark ‘off to good start’ in 2011

Boosted by a contract with a large pharmacy benefit management client, CVS Caremark Corp. saw healthy sales gains in its 2011 first quarter, with earnings topping analysts’ forecast. The company said Thursday that for the first quarter ended March 31, overall revenue climbed 8.9% to $25.

P&G reorganizes beauty and grooming, household care units

Procter & Gamble Co. has announced a leadership change in and realignment of its beauty and grooming division and household care unit. P&G said Wednesday that Edward Shirley, vice chairman of beauty and grooming, will retire from the company on Jan. 1, 2012, after 33 years service.

Late Easter lifts April same-store sales at Walgreens

Late Easter lifts April same-store sales at Walgreens

Robust front-end business, boosted by a later Easter holiday this year, drove a rise in comparable-store sales at Walgreen Co. in April. Walgreens said Wednesday that same-store sales (excluding Duane Reade) rose 3.4% in April. Calendar day shifts negatively impacted total comp-store sales by 1.

Annual Meeting: NACDS embraces ‘new normal’

The new chairman of the National Association of Chain Drug Stores sees a "new normal" in terms of the level of value the retail pharmacy trade group provides its members. In his inaugural remarks as the new chairman Tuesday at the 2011 NACDS Annual Meeting in Scottsdale, Ariz.

Perrigo gets FDA OK for generic Rogaine foam

Perrigo Co. has received final approval from the Food and Drug Administration for its abbreviated new drug application for over-the-counter minoxidil foam, a generic version of Men’s Rogaine Foam. Perrigo said Monday that it had been sued for patent infringement by Stiefel Research Australia Pty.

Former Caremark exec McLure joins change:healthcare

Howard McLure, former president of CVS Caremark Corp.’s pharmacy benefit management unit, has been named chairman of change:healthcare inc. and is slated to become the health care cost transparency firm’s chief executive officer.

BioScrip sees healthy Rx sales gain in 1Q

Pharmacy services revenue climbed by double digits in the 2011 first quarter at BioScrip Inc. BioScrip said Tuesday that for the first quarter ended March 31, pharmacy services sales — which account for about three-quarters of the company’s overall revenue — came in at $328.8 million, up 13.

CVS Caremark refreshes its PBM website

CVS Caremark Corp. has relaunched its Caremark.com website to enhance the online experience for its pharmacy benefit management members. The drug store and pharmacy services company said Tuesday that the updated Caremark.

Tornado-stricken communities get aid from Walgreens

Walgreen Co. is donating $100,000 to the American Red Cross in response to the deadly storms and tornadoes that recently hit the Southeast. The drug store chain said late Monday that the donation will help meet the immediate needs of individuals and families in affected communities.

Loeffler, Wasson, Narveson take new NACDS officer posts

At its 2011 Annual Meeting, the National Association of Chain Drug Stores announced new officers for 2011-2012, two new Executive Committee members and four new Board of Directors members. New NACDS chairman Bob Loeffler (l.) with former association chair Larry Merlo (r.).