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Amneal adds Quinnova Pharmaceuticals to alliance

Amneal Enterprises LLC has expanded into the dermatology market with the addition of Quinnova Pharmaceuticals Inc. as an independent affiliate. Newtown, Pa.-based Quinnova joins the Amneal alliance of life science companies through its acquisition by AmDerma Pharmaceuticals LLC, Amneal said Monday.

CVS mulls options amid dispute over Mullany hiring

CVS mulls options amid dispute over Mullany hiring

It appears increasingly unlikely that former Walmart executive Hank Mullany will join CVS/pharmacy. In the wake of a decision by a Delaware judge to prevent, at least temporarily, Mullany from becoming president of the drug chain, sources close to parent company CVS Caremark Corp.

NACDS Foundation to make biggest-ever grant to Rx residencies

The National Association of Chain Drug Stores Foundation plans to contribute $1.5 million in grants to expand the availability of community pharmacy residency programs (CPRPs) for pharmacy graduates, which it said is the single-largest grant ever dedicated to community pharmacy residencies.

Rite Aid trims loss in third quarter

Rite Aid trims loss in third quarter

Despite declined revenue, Rite Aid Corp. narrowed its loss for its fiscal 2011 third quarter and came in ahead of Wall Street’s forecast. The drug store chain said Thursday that for the 13-week third quarter ended Nov. 27, sales fell 2.4% to $6.2 billion from $6.4 billion a year earlier. The

Novartis inks deal to buy rest of Alcon

Novartis has entered an agreement to acquire the remaining interest of eye care company Alcon Inc. that it doesn’t already own. Novartis said Wednesday that under the stock-and-cash deal, valued at $12.

J&J appoints vice chairmen in executive moves

Johnson & Johnson has named Alex Gorsky and Sheri McCoy as vice chairmen of its executive committee and said they will join board chairman and chief executive officer William Weldon in an expanded office of the chairman.