Bausch+Lomb has unveiled a $500 million deal to acquire Ista Pharmaceuticals Inc., a maker of branded prescription drugs for eye care. Bausch+Lomb said Monday that the transaction, which has been unanimously approved by the boards of both companies, is slated to close in the second quarter.
McKesson Corp. has closed its acquisition of the independent banner and franchise pharmacy businesses of Katz Group Canada Inc. The pharmaceutical distributor said Monday that it finalized the transaction on March 25.
Rite Aid Corp. has announced the two winners of its 2011 Favorite Pharmacist contest, including a pharmacist and a long-time customer.
CVS Caremark Corp. has issued two new reports highlighting the company’s research on medication adherence, including one study that reviews and compares state-by-state adherence rates for patients managing four chronic diseases.
Walgreen Co. cited a weak cold and flu season and its impasse with pharmacy benefit manager Express Scripts Inc. in reporting declined earnings and prescription sales for its fiscal 2012 second quarter. Walgreens said Tuesday that for the second quarter ended Feb.
The National Association of Chain Drug Stores applauded a federal court ruling that upheld an injunction blocking the implementation of cuts to Medi-Cal, California’s Medicaid program.
Loblaw Cos. has purchased prescription files from 95 pharmacies operated by Canadian mass merchandise chain Zellers Inc.
A recent survey of pharmacy patients across Canada shows that nearly three-quarters of those polled have talked to a pharmacist about health issues beyond those related to their prescriptions.
Organizations representing food retailers and wholesalers have urged the Federal Trade Commission to block the proposed acquisition of Medco Health Solutions Inc. by Express Scripts Inc.
Walgreen Co. has begun using Surescripts’ clinical interoperability to electronically deliver patient data to primary care providers and better coordinate care.
After two U.S. senators expressed concerns, Rite Aid Corp. has reiterated the role of its “wellness ambassador,” a key customer service feature of the drug chain’s new “wellness store” format. In press announcements this month, Sens. Richard Durbin (D., Ill.) and Richard Blumenthal (D., Conn.
Retail sales in February showed the highest gain in five months, and the industry’s largest drug chains mirrored the broader trend. At Rite Aid Corp., for instance, total sales for the five weeks ended March 3 increased 2.3% to $2.55 billion, up from $2.
Cardinal Health Inc. and CVS Caremark Corp. have won reprieves from the Drug Enforcement Administration’s (DEA’s) efforts to have them stop selling certain prescription drugs in Florida. In separate rulings a week apart, the U.S.
Chain pharmacies have “zero tolerance” for prescription drug diversion, the National Association of Chain Drug Stores told a congressional subcommittee earlier this month. Testifying before the House Subcommittee on Commerce, Manufacturing and Trade, chaired by Rep. Mary Bono Mack (R., Calif.
Walgreens has introduced mobile applications that allow its customers to use their smartphones to do everything from managing their prescriptions to ordering photographic prints.
The Utah state legislature’s passage of a bill that would require audits conducted by pharmacy benefit managers (PBMs) to be “fair and rational” has been praised by the National Association of Chain Drug Stores, which asserts that the action addresses the concern that PBMs jeopardize neighborhood ph
