Despite an uptick in sales, Walgreen Co. saw its fiscal 2010 third-quarter earnings drop due in part to special charges and the loss of a key tax benefit. The drug store chain said Tuesday that net earnings for the quarter ended May 31 totaled $463 million, or 47 cents per diluted share,
Kowa Pharmaceuticals America Inc. and Eli Lilly and Co. have rolled out cholesterol-lowering drug Livalo to retail pharmacies in the United States. The drug makers said Monday that Livalo (pitavastatin) is available in 1 mg, 2 mg and 4 mg tablets.
A proposal for a study of the factors that influence a pharmacy’s cost of dispensing a Medicaid prescription may be included in an amendment to legislation pending before the Senate, the National Community Pharmacists Association reported.
Kinney Drugs has promoted Michael Burgess to vice president of financial planning and treasury services and hired Duckwall-ALCO executive Jim Spencer as director of retail operations.
Health Mart has named retail merchandising and marketing services provider SPAR Group Inc. as its Consumer Products Group Partner of the Year. Tarrytown, N.Y.-based SPAR Group said Friday it’s the inaugural recipient of the award from the drug store franchise, which is a subsidiary of McKesson Corp.
Mylan Inc.’s Matrix Laboratories Ltd. subsidiary has received final approval from the Food and Drug Administration for simvastatin tablets, which treat high cholesterol.
Kimberly-Clark Corp. has made executive changes that it said will sharpen its focus on continuous improvement, global sourcing and sustainability. The company also elected a new board member.
The Food and Drug Administration is warning consumers about a potentially harmful product represented as "Generic Tamiflu" that’s sold on the Internet. There’s no FDA-approved generic drug for the prescription product Tamiflu, the agency reported Thursday.
Ending what had been shaping up to be a standoff, Walgreen Co. and CVS Caremark Corp. have reached an agreement in which Walgreens will continue as a provider in the Caremark pharmacy benefit management retail network for current, new and renewal plans. The two drug store chain rivals announced
Two members of Congress have asked the Centers for Medicare and Medicaid Services (CMS) to stop aggressive efforts by Medicare Part B durable medical equipment (DME) contractors to recoup costs from pharmacies, according to the National Community Pharmacists Association.
Beiersdorf Inc. has promoted Nicolas Maurer to corporate vice president of the company’s skin care global business unit.
Rebecca Chater, executive vice president of Kerr Health, has been elected as president of the North Carolina Board of Pharmacy. Chater will serve as president of the board for the 2010-11 term, according to Kerr Health.
McNeil Consumer Healthcare is recalling certain lots of Benadryl and Tylenol products as an addition to the list of products included in a recall announced in January.
UCB has rolled out an oral solution formulation of Vimpat C-V, an antiepileptic drug for add-on treatment of partial-onset seizures in people with epilepsy age 17 years and older. The company said Monday that Vimpat (lacosamide) 10 mg/mL solution is now available in U.S.
Pacific Shore Holdings Inc. said its dietary supplement lip balms are drawing interest and shelf space from major chain retailers.
The Chain Drug Marketing Association has teamed up with LearnSomething Inc. on a program to provide an online alternative to off-site or internal training.
