Senate OKs extension of enhanced Medicaid funding
The Senate has passed a six-month extension of the increased federal medical assistance percentage (FMAP), which provides the enhanced funding for state Medicaid programs.
CDR
Dr. Fresh taps social media to promote Binaca
Dr. Fresh Inc. has found success using social media channels to promote its Binaca breath freshener brand.
Walgreens goes live with new social responsibility site
Walgreen Co. has launched a redesigned social responsibility web site that it said will make it easier for socially-conscious consumers, investors and employees to find information about the company’s commitment to community, diversity, supplier diversity, disability inclusion and the environment.
Redbox to deploy DVD kiosks at CVS stores
Redbox Automated Retail plans to roll out automated redbox DVD rental kiosks at CVS/pharmacy locations nationwide. The Coinstar Inc.
NACDS notes Senate progress on FMAP, drug disposal bill
The Senate has made headway on enhanced federal funding for state Medicaid programs and passed key legislation on safe disposal of unused drugs, according to the National Association of Chain Drug Stores.
Former Actavis CEO to join Watson
Sigurdur Oli Olafsson, formerly chief executive officer of Actavis Group, is joining Watson Pharmaceuticals as executive vice president of global generics. Watson said Wednesday that Olafsson will start in the position on Sept. 1.
2Q sales surge at drugstore.com
Drugstore.com saw total revenue jump in the 2010 second quarter, fueled by surging over-the-counter and beauty product sales. The online retailer said Wednesday that for the quarter ended July 4, sales climbed more than 27% to $113.1 million from $88.9 million a year earlier.
Tiger Balm offers in-store savings at CVS, Walgreens
Prince of Peace Enterprises Inc., the United States distributor for all Tiger Balm products, has begun offering special in-store promotional discounts at CVS and Walgreens drug stores. The company said late Tuesday that 1.
Shoppers Drug Mart loyalty program turns 10
Shoppers Drug Mart Corp. is marking the 10th anniversary of its Shoppers Optimum loyalty program with special savings for customers and a series of promotions and events. The Canadian drug store chain said Wednesday that beginning Aug.
Surescripts service facilitates access to Rx histories
Surescripts has introduced a service designed to make it easier for users of Microsoft HealthVault to access an electronic record of their prescriptions.
AmerisourceBergen exec gets promoted
AmerisourceBergen Corp. has promoted Barbara Brungess to vice president of corporate and investor relations. The pharmaceutical and health care distributor said Tuesday that the move is effective immediately. Brungess succeeds Michael Kilpatric, who is retiring on Dec.
Drugstore.com extends e-store alliance with Medco
Drugstore.com and Medco Health Solutions Inc. have extended their online store partnership through 2018.
Same-store sales flatten at Walgreens
Walgreen Co. turned in virtually flat same-store sales for July after seeing a slight rebound in the previous month. The drug store chain said Wednesday that comparable-store sales in July, which exclude the acquired Duane Reade stores, inched up 0.4%, down from a 2% gain in June.
Watson promotes global operations executive
Watson Pharmaceuticals has promoted Robert Stewart to executive vice president of global operations. Watson said Tuesday that Stewart, who joined the company in November 2009 as senior vice president of global operations, will continue to report to Paul Bisaro, president and chief executive officer.
Walgreens unveils flu shot gift cards
Walgreen Co. is introducing a gift that keeps on giving: a flu shot gift card. The drug store chain on Tuesday said it’s rolling out a gift card for flu vaccinations as a way to help more Americans stay well throughout the upcoming flu season. Flu shot gift cards are available at
NYSE notifies Rite Aid of share price noncompliance
Rite Aid Corp. said the New York Stock Exchange has informed the company that the price of its common stock has fallen out of compliance with the exchange’s minimum share price listing rule. NYSE requires the average closing price of a listed company’s common stock to be at least $1 per share