Genomma ends bid to buy Prestige Brands
Genomma Lab Internacional S.A.B. de C.V. has dropped its plan to acquire Prestige Brands Holdings Inc.
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Walgreens Specialty Rx adds oncology drugs to clinical program
Walgreens Specialty Pharmacy is adding six medications to its oral oncology cycle management program. Walgreen Co. said Thursday said the move marks a significant expansion of its comprehensive treatment and support program for patients, doctors and payers.
Navarro puts store remodel in spotlight
Navarro Discount Pharmacy showcased its remodeled store in Coral Gables, Fla., with a grand opening event attended by company executives and local officials. The Coral Gables store features a new self-serve fragrance counter.
Rite Aid unveils debt refinancing plan
Rite Aid Corp. plans to issue $426 million senior unsecured notes due in 2020 to help fund a refinancing of debt. The drug chain on Thursday began a cash tender offer to buy $405 million of its 9.375% senior notes due in 2015. The company said it would call any of
CVS Caremark takes aim at cardiovascular health
CVS Caremark Corp. is serving up free blood pressure tests as part of a series of cardiovascular health efforts in May for National High Blood Pressure Education Month and in support of the federal Million Hearts initiative.
Walgreens reports April comp-store sales decline
Decreased results in the pharmacy and the front end pulled down same-store sales for Walgreen Co. in April. Walgreens said Thursday that April comparable-store sales fell 6.4% year over year, despite a positive impact of 0.
Jean Coutu Group finishes strong in fiscal 2012
Jean Coutu Group and its franchised drug store network saw robust sales gains for the fiscal 2012 fourth quarter and ended the year on an up note. The Canadian pharmacy retailer also reported increased profit, exceeding the earnings-per-share (EPS) forecast of financial analysts.
Same-store sales up at Rite Aid in April
Gains in the pharmacy and front end lifted same-store sales at Rite Aid Corp. for April. The drug chain said Thursday that for the four weeks ended April 28, comparable-store sales rose 2.9%, down from the 3.6% comp-store sales increase in March but continuing a string of monthly gains over the
Sandoz to acquire Fougera for $1.5 billion
Sandoz, the generic drug subsidiary of Novartis, plans to buy Fougera Pharmaceuticals in a cash deal of about $1.53 billion. Novartis said late Wednesday that, pending regulatory approvals, it expects to finalize the transaction in the second half of this year.
Sanofi launches glucose meter for iPhone, iPod
Sanofi has announced the U.S. launch of the iBGStar Blood Glucose Monitoring System, which the company said is the first Food and Drug Administration-approved blood glucose meter that connects directly to the Apple iPhone and iPod touch.
Pepto-Bismol adds ‘to go’ product
Procter & Gamble Co. has unveiled Pepto-Bismol To-Go, a more portable version of its venerable stomach remedy.
Retail pharmacy drives 1Q gains for CVS Caremark
CVS Caremark Corp. posted sharp revenue and same-store sales gains for the first quarter as its retail pharmacy business reaped the benefits of the contract impasse between rivals Walgreen Co. and Express Scripts Inc.
Walgreens expands vaccinations in Massachusetts
Walgreen Co. has boosted vaccine availability in Massachusetts with new state regulations that permit pharmacists to administer a broad range of immunizations.
First Doryx generic is released by Mylan
Mylan Inc. has begun shipping doxycycline hyclate delayed-release tablets (150 mg), an oral antibiotic, after a favorable ruling in a patent infringement lawsuit brought by Warner Chilcott.
AmerisourceBergen wraps up World Courier acquisition
AmerisourceBergen Corp. has closed its $520 million cash deal to buy World Courier Group Inc. The pharmaceutical distributor said Tuesday that the acquisition is expected to be neutral to its fiscal 2012 earnings and accretive in fiscal 2013.
Balsamic vinegar variety joins Heinz ketchup lineup
H.J. Heinz Co. has made Heinz Ketchup Blended with Balsamic Vinegar a full-time member of its product family. Heinz Ketchup Blended with Balsamic Vinegar was offered as a limited edition last fall.