Greg Wasson, president and chief executive officer of Walgreen Co., said the drug chain is making steady progress in implementing the company’s plans to better leverage its vast store network, improve the shopping experience and bolster productivity.
Sanofi-aventis has inked an agreement to buy Chattem Inc. for $1.9 billion, a deal that the drug makers say would create the world’s fifth-largest consumer health care company.
Senate Democrats united in a key procedural vote to push the chamber’s health care reform package a step closer to their goal of getting a final bill approved by Christmas.
Walgreen Co. topped Wall Street’s profit forecast and saw sales climb 9.5% in its fiscal 2010 first quarter, fueled by a surge in its flu vaccination business.
Per Lofberg, president and chief executive officer of Generation Health Inc., has been appointed president of CVS Caremark Corp.’s pharmacy benefit management business. Plans call for Lofberg to start in the position on January 4, CVS Caremark said Monday.
Safeway Inc. has made the H1N1 vaccine available through its pharmacies in 16 states and is offering seasonal flu immunizations in all of its stores.
Energizer Holdings Inc. director Joe Micheletto has resigned from the household and personal care manufacturer’s board. The company said Thursday that Micheletto is retiring and plans to step down from the board effective January 2.
Merck & Co. has agreed to acquire Avecia Biologics, a contract manufacturing organization specializing in microbial-derived biologics. Financial terms of the deal weren’t disclosed. Under the agreement, made with Avecia Investments Ltd.
Duane Reade has begun providing H1N1 vaccinations via flu shot clinics at several locations in New York City.
Leading pharmacy groups said 16 members of Congress are calling on House Speaker Nancy Pelosi to consider a higher federal upper limit (FUL) for reimbursing pharmacies for dispensing generic prescription drugs under the Medicaid program.
The National Association of Chain Drug Stores applauded the Senate for preventing the passage of prescription drug reimportation amendments that the association said would have "compromised the link between pharmacy and patients.
Rite Aid Corp. beat Wall Street analyst estimates with a narrower loss in its fiscal 2010 third quarter, although sales tailed off slightly. The drug store chain on Thursday posted a net loss of $83.9 million, or 10 cents per diluted share, for the 13 weeks ended November 28, compared with
CVS Caremark Corp. has made H1N1 "swine flu" vaccines available at CVS/pharmacies and MinuteClinics in 21 states and is again offering seasonal flu shots through its in-store health clinics.
Jean-Marc Huet, currently chief financial officer at Bristol-Myers Squibb Co., is joining Unilever as CFO. Unilever said Wednesday that the 40-year-old Huet will take over the company’s CFO post starting January 1.
Walgreen Co. plans to have H1N1 "swine flu" vaccinations available in all 50 states by the end of this month.
Chong Bang, Walgreen Co.’s general merchandise manager for photo and front-end services and the latest executive to oversee implementation of the company’s Customer-Centric Retailing (CCR) initiative, plans to leave the company later this month.
