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Hershey creates COO post

The Hershey Co. board has elected John P. Bilbrey as executive vice president and chief operating officer, a newly created position at the company. The chocolate and food manufacturer said late Tuesday that the move is effective immediately.

Watson to market authorized generic for ADHD

Watson Pharmaceuticals Inc. next spring plans to release an authorized generic version of Concerta (methylphenidate hydrochloride) extended-release tablets for the treatment of attention deficit hyperactivity disorder (ADHD). The company said Tuesday that its Watson Laboratories Inc.

CVS Caremark sees drop in 3Q earnings, sales

CVS Caremark sees drop in 3Q earnings, sales

Third-quarter earnings at CVS Caremark Corp. were in line with Wall Street’s expectations but down sharply from a year ago, while a sales gain in the retail drug store unit was overshadowed by a revenue decline in the pharmacy benefit management business.

Drugstore.com swings to a profit

Lifted in part by robust sales, drugstore.com reported a profit for the third quarter following a year-ago loss. The online retailer said late Tuesday that net income for the third quarter ended Oct. 3 came in at $2.4 million, or 2 cents per share, compared with a net loss of $1.6 million, or

CVS Caremark gives FDA input on biogeneric approvals

In testimony for the Food and Drug Administration, a CVS Caremark Corp. executive reiterated the company’s support that the agency implement regulations needed to approve biogeneric drugs under the Patient Protection and Affordable Care Act.

Duane Reade clinics now take Medicare

Duane Reade walk-in clinics can now accept Medicare payments for routine health services provided to senior citizens. The metropolitan New York drug store chain, part of Walgreen Co.

BioScrip names COO as chief executive officer

BioScrip names COO as chief executive officer

A new chief executive officer will be at the helm of pharmacy provider BioScrip Inc. starting next year. The company said Tuesday that Richard Smith, its president and chief operating officer, will take the CEO reins on Jan. 1.