CVS: Nonadherence a problem among chronic illness patients
Many patients with chronic conditions aren’t filling their prescriptions, according to a new study by CVS Caremark Corp. and Horizon Blue Cross Blue Shield of New Jersey.
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BioScrip posts 1Q revenue gain, net loss
BioScrip Inc. saw an uptick in revenue for its fiscal 2010 first quarter but recorded a net loss due mainly to costs from its recent acquisition of Critical Homecare Solutions (CHS). The retail and specialty pharmacy operator said Friday that sales for the quarter ended March 31 totaled $335.
Merck appoints Frazier as new president
Merck & Co. has named Kenneth Frazier as the pharmaceutical giant’s new president, taking over that post from chairman and chief executive officer Richard Clark. Merck said Wednesday that Clark will continue as chairman and CEO.
Mylan, Teva, Actavis launch generic versions of Flomax
Mylan Pharmaceuticals Inc., Actavis Inc. and Teva Pharmaceutical Industries Ltd. this week began shipping generic versions of the branded drug Flomax, for the treatment of enlarged prostate. Mylan and Teva said Wednesday they received final approval from the Food and Drug Administration for 0.
Foulkes moves to PBM role at CVS Caremark
CVS Caremark Corp. marketing executive Helena Foulkes is taking on new leadership role in the company’s pharmacy benefit management business.
Ingles Markets extends Rx system pact with McKesson
Ingles Markets Inc. has extended its contract to use McKesson Corp.’s EnterpriseRx pharmacy management system in its in-store pharmacies.
Shoppers Drug Mart sees 1Q sales, profit rise
Robust pharmacy and front-end business lifted revenue and earnings at Shoppers Drug Mart (SDM) for the fiscal 2010 first quarter. The Canadian drug store chain said Wednesday that for the first quarter ended March 27, sales rose 5.7% to $2.
April sales dip at Rite Aid
Rite Aid Corp. reported a dip in same-store sales for April after seeing improved results in the previous month. The drug store chain said Thursday that same-store sales for the four weeks ended April 24 fell 1% from a year earlier. The company had posted flat same-store results in March after
Burnett, Barshay honored at NACDS Annual Meeting
Costco Wholesale Corp. executive Charles Burnett and former Schering-Plough Consumer Health Care chairman Stanley Barshay received the chain drug industry’s highest honors last night at the 2010 National Association of Chain Drug Stores Annual Meeting.
Jean Coutu records gains in fourth quarter
The Jean Coutu Group posted increases in sales, earnings and operating results for its fiscal 2010 fourth quarter and full year. The Canadian drug store chain said Wednesday that sales for the fourth quarter ended Feb. 27 rose 4.9% year over year to $637 million (Canadian) from $607.2 million.
Winn-Dixie launches pharmacy translation service
Winn-Dixie Stores Inc. has introduced WD RxConnect Translate, a language translation service, at select in-store pharmacies across its Southeast market area.
NACDS Foundation elects new board members
The National Association of Chain Drug Stores Foundation has announced seven new members for its board of directors.
Congress urged to extend hike in Medicaid assistance
Pointing to the impact on state budgets, the National Association of Chain Drug Stores has called on members of Congress to continue the increase to the Federal Medical Assistance Percentage (FMAP).
Nicorette mini lozenge makes debut
GlaxoSmithKline Consumer Healthcare has launched a Nicorette mini-sized anti-smoking lozenge, which is designed to dissolve up to three times faster than other stop-smoking lozenges.
Bayer Diabetes Care unveils glucose monitor for kids
Bayer Diabetes Care has introduced the Didget blood glucose monitoring system for children.
Takeda ships Dexilant antacid
Takeda Pharmaceuticals North America Inc. has rolled out Dexilant (dexlansoprazole) delayed-release capsules, for the treatment of heartburn and related ailments, to pharmacies in the United States. Dexilant is available in 30 mg and 60 mg capsules, Takeda said Monday.