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Vial maker to offer Med Time’s Pill Timer cap

Med Time Technology Inc. has reached an agreement in which its Pill Timer vial caps, which alert users when to take their medication, will be offered on packaging from Rexam Plastics, one of the nation’s largest makers of plastic prescription vials. Med Time said it soon plans to announce the first

Rite Aid wraps up debt refinancing

Rite Aid Corp. has successfully completed a debt offering and a refinancing of its revolving credit facility that were announced last week. The pharmacy chain said Thursday that the two-pronged refinancing plan extends some of its debt maturities and lowers their interest costs.

Shoppers Drug Mart gives extra points for back-to-school

Shoppers Drug Mart Corp. is offering extra bonus points on back-to-school purchases for loyalty card members. The Canadian drug store chain said Thursday it will award the additional bonus points to Shoppers Optimum cardholders buying school-related items through Sept.

Good Neighbor Pharmacy appoints Cantrell president

Mike Cantrell has been promoted to the new position of president at AmerisourceBergen Corp.’s Good Neighbor Pharmacy network. The pharmaceutical and health products distributor also said this week that Cantrell has been appointed group vice president of retail business development.

Rite Aid kicks off flu shot program

Rite Aid Corp. has launched its flu shot program, making seasonal flu vaccinations available at more than 3,000 of its pharmacy locations nationwide. The drug store chain said Thursday that the flu vaccines, which cost $24.

Magnacca moves up at Duane Reade

Duane Reade has promoted Joe Magnacca, formerly executive vice president and chief merchandising officer, to president. Magnacca, a retail industry veteran with more than 20 years of experience, joined Duane Reade in October 2008 as senior vice president and chief merchandising officer.

CVS rolling out urban store format

CVS Caremark Corp. is converting a growing number of outlets to its urban store concept. A spokesman for the drug store chain says that by the year’s end about 300 CVS stores in large cities across the country will sport the new look, which features more non-health care products along with a

HHS: Insurers must offer free preventive health services

The Obama administration has issued new rules that require health insurers to provide free coverage of a wide range of preventive health services. The rules are intended to improve access to and use of these services, which currently are often subject to deductibles, coinsurance or copayments.