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MiddleBrook files for bankruptcy

MiddleBrook Pharmaceuticals Inc. is seeking Chapter 11 bankruptcy protection. The company said late Friday that it has filed a voluntary petition for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware.

NACDS names state government affairs chief

Sandra Guckian has been appointed vice president of state government affairs at the National Association of Chain Drug Stores. Guckian’s appointment is effective immediately, NACDS said. Previously, she served as vice president and deputy director of state government affairs.

CVS Caremark turns in 1Q sales, earnings gains

Despite the impact of a weak flu season and bad weather that curtailed consumer spending, revenue and earnings edged up in the fiscal 2010 first quarter at CVS Caremark Corp. The drug store chain and pharmacy benefit manager said Tuesday that total sales for the quarter ended March 31 were $23.

Walgreens hires chief medical officer

Walgreen Co. has named Cheryl Pegus as chief medical officer, which the company said is a newly created position. Pegus, 46, comes to Walgreens from SymCare Personalized Health Solutions, where she served as general manager and chief medical officer, the drug store chain said Tuesday.

Beauty line upcoming from new CoverGirl Taylor Swift

Singer Taylor Swift has been named the latest CoverGirl and will represent a new line of luxury products for the beauty care brand. The Procter & Gamble brand said the first advertisements featuring Swift are scheduled to appear in January 2011.

Interview: With Merlo, NACDS has sure hand at helm

Interview: With Merlo, NACDS has sure hand at helm

At a time when the nation’s health care system is embarking on a period of fundamental change, the National Association of Chain Drug Stores is fortunate to have Larry Merlo as its new chairman. As the president of CVS/pharmacy and executive vice president of CVS Caremark Corp.

Industry Outlook: Healthy Rx buoys drug chains

Industry Outlook: Healthy Rx buoys drug chains

Signs are pointing to another up-and-down year for chain drug retailers. Industry analysts say a lukewarm economic recovery will keep customers in a cautious frame of mind, with front-end sales remaining weak despite a healthy pharmacy business.

Physicians Formula elects board member

The board of Physicians Formula Holdings Inc. has elected Thomas Lynch as a director. The prestige cosmetics maker said Thursday that Lynch, the founder and senior managing director of investment fund Mill Road Capital, will serve as an independent director, effective immediately.

BioScrip posts 1Q revenue gain, net loss

BioScrip Inc. saw an uptick in revenue for its fiscal 2010 first quarter but recorded a net loss due mainly to costs from its recent acquisition of Critical Homecare Solutions (CHS). The retail and specialty pharmacy operator said Friday that sales for the quarter ended March 31 totaled $335.