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NACDS Foundation to make biggest-ever grant to Rx residencies

The National Association of Chain Drug Stores Foundation plans to contribute $1.5 million in grants to expand the availability of community pharmacy residency programs (CPRPs) for pharmacy graduates, which it said is the single-largest grant ever dedicated to community pharmacy residencies.

Rite Aid trims loss in third quarter

Rite Aid trims loss in third quarter

Despite declined revenue, Rite Aid Corp. narrowed its loss for its fiscal 2011 third quarter and came in ahead of Wall Street’s forecast. The drug store chain said Thursday that for the 13-week third quarter ended Nov. 27, sales fell 2.4% to $6.2 billion from $6.4 billion a year earlier. The

Novartis inks deal to buy rest of Alcon

Novartis has entered an agreement to acquire the remaining interest of eye care company Alcon Inc. that it doesn’t already own. Novartis said Wednesday that under the stock-and-cash deal, valued at $12.

J&J appoints vice chairmen in executive moves

Johnson & Johnson has named Alex Gorsky and Sheri McCoy as vice chairmen of its executive committee and said they will join board chairman and chief executive officer William Weldon in an expanded office of the chairman.

Tessalon capsules pose risk to kids, FDA warns

The "candy-like appearance" of Tessalon (benzonatate) liquid cough suppressant capsules presents a risk to young children, and the medication should be kept in child-proof containers, according to the Food and Drug Administration.

1 in 6 Americans bought prescription drugs online without Rx

An estimated 36 million Americans, or one in six people, have purchased prescription drugs online without a doctor’s prescription, according to research presented by The Partnership at Drugfree.org and funded by the Alliance for Safe Online Pharmacies (ASOP). The Partnership at Drugfree.

NACDS, NCPA drop Medicaid AMP lawsuit

NACDS, NCPA drop Medicaid AMP lawsuit

The National Association of Chain Drug Stores and the National Community Pharmacists Association are dropping their 2007 lawsuit that has blocked the implementation of the so-called "AMP rule" by the Centers for Medicare & Medicaid Services (CMS).

CVS unveils Facebook photo app

CVS/pharmacy has launched CVS Express Photo App, an online application that enables users of the social media site Facebook to order photo prints directly from their Facebook albums and pick them up in about an hour from a CVS store. "Facebook has become a popular and easy way to share photos online

RediClinic to double health clinic count in H.E.B. stores

RediClinic plans to open 20 new health clinics in H.E. Butt Grocery Co. stores across Texas. The retail health clinic operator said Monday that the expansion will almost double the 21 RediClinics now operating in H.E. Butt supermarkets. Plans call for eight new RediClinics to open in H.E.B.

CVS veteran joins Market Performance Group

Former CVS category management executive Steve Ortleb has joined Market Performance Group (MPG). The consumer sales and marketing strategy firm said Ortleb will serve as a director on the MPG Sales & Retail Services team and as a retail adviser for the MPG Strategy Consulting group.

More drug retailers join Pharmacy Saver

More drug retailers join Pharmacy Saver

A leading discounter and several large supermarket chains have joined UnitedHealthcare’s Pharmacy Saver Medicare Part D program. The health insurer said Monday that Target Corp., H.E. Butt Grocery Co., Hy-Vee Inc., Publix Super Markets Inc.

A&P files for Chapter 11

Troubled food and drug retailer A&P has filed for Chapter 11 bankruptcy protection. A&P announced the bankruptcy filing Sunday night, not long after media reports surfaced before the weekend that the company, which operates about 250 pharmacies, was mulling Chapter 11 protection.