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R&D may be casualty as Rx makers retrench

If a new survey of pharmaceutical executives whose companies account for more than 40% of the industry’s global revenue is any indication, an era characterized by a remarkable level of innovation may be drawing to a close.

2010 elections: NACDS restates pharmacy’s case

2010 elections: NACDS restates pharmacy’s case

The National Association of Chain Drug Stores is making sure that pharmacy didn’t get lost in the wave — that is, the one that hit Congress in this week’s midterm elections. Republicans gained at least 60 seats in the House of Representatives and six in the Senate from the Democrats, with nine

Blistex steps up defense with Five Star Lip Protection

Blistex Inc. aims to provide a comprehensive safeguard for lips with its new Blistex Five Star Lip Protection lip balm. The lip care company said Thursday that Blistex Five Star Lip Protection defends against the five harshest conditions on the lips — dry air, cold, wind, heat and sun — through

Diabetes screening events upcoming from Walgreens

Walgreen Co. plans to offer free blood glucose testing and A1C testing at more than 1,700 stores and Take Care Clinics nationwide starting next week. The drug store chain said Thursday that the free diabetes health testing events, held in tandem with American Diabetes Month, are scheduled for Nov.

Hershey creates COO post

The Hershey Co. board has elected John P. Bilbrey as executive vice president and chief operating officer, a newly created position at the company. The chocolate and food manufacturer said late Tuesday that the move is effective immediately.

Watson to market authorized generic for ADHD

Watson Pharmaceuticals Inc. next spring plans to release an authorized generic version of Concerta (methylphenidate hydrochloride) extended-release tablets for the treatment of attention deficit hyperactivity disorder (ADHD). The company said Tuesday that its Watson Laboratories Inc.

CVS Caremark sees drop in 3Q earnings, sales

CVS Caremark sees drop in 3Q earnings, sales

Third-quarter earnings at CVS Caremark Corp. were in line with Wall Street’s expectations but down sharply from a year ago, while a sales gain in the retail drug store unit was overshadowed by a revenue decline in the pharmacy benefit management business.

Drugstore.com swings to a profit

Lifted in part by robust sales, drugstore.com reported a profit for the third quarter following a year-ago loss. The online retailer said late Tuesday that net income for the third quarter ended Oct. 3 came in at $2.4 million, or 2 cents per share, compared with a net loss of $1.6 million, or