Teva Pharmaceutical Industries Ltd. plans to acquire Cephalon Inc. in a $6.8 billion cash deal. The pharmaceutical companies said Monday that the $81.50-per-share acquisition agreement, pending regulatory and shareholder approvals, is expected to close in the third quarter.
Walgreen Co. has begun offering tests for total cholesterol and HDL (high-density lipoprotein), blood glucose and A1C daily at more than 1,400 of its pharmacies in 33 states and the District of Columbia.
The Rite Aid Foundation is donating $50,000 to the American Red Cross to help the victims, families and communities affected by last week’s devastating tornadoes in Alabama and Tennessee. Rite Aid Corp.
In these challenging and uncertain times, planning and collective action are key, and the National Association of Chain Drug Stores provides a vehicle for both, NACDS president and chief executive officer Steve Anderson said at the 2011 NACDS Annual Meeting.
Abbott has received approval from the Food and Drug Administration for its new AndroGel 1.62% testosterone gel. The company said Friday that AndroGel 1.
The National Association of Chain Drug Stores and National Community Pharmacists Association are hailing a congressional bill that would prohibit hikes in retail pharmacy co-payments under TRICARE, the health benefits program for the nation’s armed forces.
With the economic recovery well under way, chain drug retailers can expect a year of growth in 2011, industry analysts say.
Leo Pharma Inc. has gone live with an expanded website for its Taclonex topical medications for psoriasis. The company said Thursday that updates to the www.taclonex.com site include the addition of product information for both Taclonex Ointment (calcipotriene 0.
CVS Caremark Corp. is providing disaster relief to Alabama communities ravaged by tornadoes earlier this week.
OCuSOFT Inc. has begun shipping the Ocudox Convenience Kit to retail pharmacies.
PEZ Candy Inc. has added two new flavors, Strawberry-Vanilla and Raspberry-Lemon. The company said Wednesday that the new flavors are the first blends of the dispenser candy to be launched in the United States.
Sales grew by double digits in the first quarter at drugstore.com, but costs related to the online retailer’s acquisition by Walgreen Co. contributed to a net loss in the period. Drugstore.com said Thursday that sales for the first quarter ended April 3 rose 16% to a record $128.
Pfizer Inc. has introduced its new advanced Gold range of child nutrition products, which are developed to meet the changing nutritional and feeding needs of young children.
AstraZeneca has unveiled a click-to-chat feature on its consumer websites for its Crestor and Nexium prescription medications. The pharmaceutical manufacturer said Wednesday that the chat technology on Crestor.com and PurplePill.
Jean Coutu Group and its franchised drug store network closed out fiscal 2011 on the upside in sales, and the company’s earnings exceeded analysts’ forecast. The Canadian pharmacy franchisor said Thursday that retail sales for its store network rose 3.9% year over year to $988.
Navarro Discount Pharmacy is extending the reach of its prescription drug services with Navarro RX App, a free pharmacy mobile application. The Miami-area drug store chain said Thursday that Navarro RX App links mobile device users to the retailer’s new mobile website, m.navarro.
