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PhRMA elects new board members

The Pharmaceutical Research and Manufacturers of America (PhRMA) this week announced the election of four new members to its board of directors. PhRMA said Tuesday that the new board members are Ian Read, president and chief executive officer of Pfizer Inc.; Jerzy Gruhn, president Novo Nordisk Inc.

NCPA, NACDS hail TRICARE pharmacy co-pay freeze

The National Community Pharmacists Association and the National Association of Chain Drug Stores have applauded lawmakers for approving a measure that freezes retail pharmacy co-payments in TRICARE, the health coverage program for the armed forces.

Analysts: Walgreens sharpens front-end execution

Analysts: Walgreens sharpens front-end execution

Financial analysts highlighted Walgreen Co.’s improved front-end performance in reports on the drug store chain’s fiscal 2011 first quarter results. "Walgreens appears to have established some positive momentum in its front-end business," William Blair & Co.

Olay professional facial cleansing system makes debut

Olay has introduced the Olay Professional Pro-X Advanced Cleansing System, which the Procter & Gamble Co. skin care brand said is first at-home facial cleansing tool that cleans and exfoliates as effectively as a professional cleansing system.

Walgreens begins new fiscal year with profit surge

Walgreens begins new fiscal year with profit surge

A strong operational performance fueled a nearly 19% gain in earnings in the fiscal 2011 first quarter at Walgreen Co., exceeding analysts’ per-share profit forecast by 8 cents. Same-store sales in the quarter, however, edged up less than 1% year over year, despite a 6% increase in total revenue.

CVS’ MinuteClinic aims to bolster health literacy

Through an agreement with the National Patient Safety Foundation, MinuteClinic said it will become the nation’s first retail health clinic provider to implement the Ask Me 3 health literacy program. Plans call for MinuteClinic, a subsidiary of CVS Caremark Corp.