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Rite Aid’s results improve in 4Q, full year

Rite Aid’s results improve in 4Q, full year

Rite Aid Corp. saw its revenue grow and its net loss shrink for the fiscal 2012 fourth quarter and full year but fell short of analysts’ earnings forecast. The drug chain said Thursday that for the 14-week fourth quarter ended March 3, revenue climbed 10.7% to $7.1 billion from $6.5 billion

Takeda to acquire URL Pharma

Takeda Pharmaceutical Co. plans to buy URL Pharma Inc. for $800 million. The companies said Wednesday that the deal, which also includes future performance-based payments to Takeda, is expected to close within the next couple of months.

Watson, Akorn release generic Vancocin

Watson Pharmaceuticals Inc. and Akorn Inc. have shipped vancomycin hydrochloride capsules, an antibiotic used to treat infections of the intestines that cause colitis. The companies said Tuesday that their products, offered in strengths of 125 mg and 250 mg, are generic versions of ViroPharma Inc.

Cardinal’s Pharmacy Health Network has impact

Cardinal Health Inc. said its digital advertising network for retail pharmacies has been shown by Nielsen Co. audience research to be an effective way for advertisers to market products to consumers at the point of purchase.

Kentucky bill takes aim at PBM pharmacy audits

The National Association of Chain Drug Stores hailed the enactment of legislation in Kentucky that would require transparency in pharmacy audit processes conducted by pharmacy benefit managers (PBMs). NACDS said Wednesday that the state law (H.B.

New director named to Walgreens board

Walgreen Co. has elected Jan Babiak to its board of directors. Walgreens said late Tuesday that Babiak, a retired managing partner for Ernst & Young, joins the board as an independent director and becomes its 12th member.

Walgreens: Retail gets nod over mail for 90-day Rx

A Walgreen Co. study comparing usage rates of patients filling 90-day prescriptions via community pharmacies and mail order found that when co-pay costs are similar, patients preferred the community pharmacy channel option by four to one.

Pharmacy groups sue to block PBM merger

The National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) have filed a lawsuit to block the merger of pharmacy benefit managers (PBMs) Express Scripts Inc. and Medco Health Solutions Inc.

Lawmakers learn about power of Rx

Hundreds of chain drug executives, pharmacists and pharmacy students from across the country converged on Capitol Hill last month to lobby lawmakers about the vital role community pharmacy plays in the nation’s health care system.