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CVS, Walgreens rank high in retail brand value

CVS, Walgreens rank high in retail brand value

CVS/pharmacy and Walgreens finished in the top 10 in Interbrand Design Forum’s annual ranking of the top 50 most valuable U.S. retail brands. Also, the brand consultancy on Wednesday said that Shoppers Drug Mart was ranked as the most valuable retail brand in Canada.

GSK penicillin acquisition closed by Dr. Reddy’s

Dr. Reddy’s Laboratories has wrapped up its acquisition of GlaxoSmithKline’s U.S. oral penicillin facility and product portfolio. With the deal, which was announced last November, Dr. Reddy’s takes over the GlaxoSmithKline’s penicillin manufacturing site in Bristol, Tenn.

APhA, Cardinal partner to fight Rx abuse

The Cardinal Health Foundation and the American Pharmacists Association (APhA) have unveiled a partnership to urge pharmacists and pharmacy students to take an active role in preventing the abuse and misuse of prescription drugs.

CVS names Foulkes chief health strategy officer

CVS Caremark has appointed Helena Foulkes as executive vice president and chief health care strategy and marketing officer, a newly created position. Foulkes, 46, formerly was executive vice president and chief marketing officer.

Summer Infant acquires BornFree

Summer Infant Inc. is branching its baby care portfolio into the infant feeding space with the acquisition of BornFree Holdings Ltd. Summer Infant said Monday the deal also stands to open up the drug store market for its baby products.

Rite Aid takes aim at allergies

With allergy season getting under way, Rite Aid Corp. is serving up free "Allergy Relief" guides in stores and alerting allergy sufferers to consult with its pharmacists for advice. Rite Aid said Monday that the Allergy Relief guide, also available online at riteaid.

Rx advocates make case on Capitol Hill

More than 350 drug chain executives, pharmacists and pharmacy students from across the country took to Capitol Hill earlier this month to lobby lawmakers about the role community pharmacy can play in controlling health care costs.

Walgreens sells PBM unit to Catalyst Health

Walgreen Co. is stepping out of the pharmacy benefits management (PBM) business. President and chief executive officer Greg Wasson said Walgreens’ deal to sell Walgreens Health Initiatives Inc. (WHI), its PBM unit, to Catalyst Health Solutions Inc.