Larry Merlo has assumed the role of chief executive officer of CVS Caremark Corp. Merlo, who also holds the title of president, succeeded Tom Ryan, who will remain nonexecutive chairman until his retirement at the company’s annual shareholders meeting in May.
Hal Rosenbluth has announced his retirement as president of Walgreen Co.’s health and wellness division effective in April, but he plans to continue with the company as a senior consultant for health care services.
In a proposal that could appease some critics of federal health care reform, President Obama says he will support moving up the timetable in which states may opt out of the law.
The nation’s two largest drug store chains — Walgreen Co. and CVS Caremark Corp. — are ramping up their efforts to drive private label sales.
Drugstore.com says the proliferation of mobile applications and social media will help its sales climb to at least $750 million by 2013. The online retailer, which also operates the sites beauty.com, skinstore.com and visiondirect.
The Food and Drug Administration vows to remove about 500 unapproved cold and allergy medications from the market as part of an ongoing crackdown on ineffective prescription drugs.
To help Americans determine their risk for chronic diseases and get them on a path to better health, CVS/pharmacy has rolled out the 2011 “To Your Health” program, offering free preventive health screenings at more than 800 events nationwide.
when, at age 42, he became only the third CEO in the history of a retailer that began business as a
BioScrip Inc. saw overall revenue and pharmacy services sales rise for its fiscal 2010 fourth quarter and full year but posted a net loss in both periods. The company said Friday that total sales for the fourth quarter ended Dec. 31, 2010, climbed 31.9% year over year to $450.4 million, mainly as
Cobalis Corp.’s PreHistin Allergy Defense Formula has been recognized with ECRM’s 2011 Best New Product Award.
Taking action in the wake of massive product recalls, the Food and Drug Administration has initiated the filing of a consent decree of permanent injunction against McNeil-PPC and two of its officers for failing to comply with federal good manufacturing practice requirements.
Procter & Gamble Co. has announced a leadership succession for its global product supply officer. P&G said Thursday that global product supply officer R. Keith Harrison, 63, is slated to retire on Sept. 1 after more than 41 years of service.
In tandem with its RxImpact Day lobbying drive on Capitol Hill, the National Association of Chain Drug Stores has relaunched its paid advertising campaign to communicate the integral role pharmacy plays in the health care delivery system.
In a victory for brick-and-mortar retailers, Walgreen Co. has applauded Illinois Gov. Pat Quinn for signing into law a bill that expands application of the state’s sales tax.
Joe Magnacca, the executive who played a central role in the rejuvenation of Duane Reade and, following its sale to Walgreen Co. in 2010, headed the New York City drug store chain, has taken on a new assignment at the parent company.
Novartis has been cleared to market the first oral treatment for multiple sclerosis (MS) in Canada. Novartis Pharmaceuticals Canada Inc.
