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Walgreens sees uptick in 2Q sales, earnings

Walgreens sees uptick in 2Q sales, earnings

Walgreen Co. posted modest revenue and profit gains for its fiscal 2010 second quarter but saw its same-store sales dip and its earnings fall short of Wall Street’s projections. The drug store chain on Tuesday said sales for the quarter ended Feb. 28 edged up 3.1% to nearly $17 billion from about

Obama health care reform plan faces critical vote

Obama health care reform plan faces critical vote

The stakes are high for President Barack Obama this weekend as his plan for health care reform faces a crucial vote in the House of Representatives. The president cancelled a trip to Indonesia and Australia to stay in Washington to make a final push for support of his and the Democrats’ proposal to

Teva to acquire Germany’s ratiopharm

Teva Pharmaceutical Industries Ltd. plans to acquire ratiopharm, Germany’s second-largest generic drug maker and the sixth-largest generics company worldwide, in a deal valued at 3.6 billion euros ($5.1 billion).

Rite Aid now accepts EBT, food stamps

Rite Aid Corp. has begun accepting electronic benefit transfer (EBT) cards and food stamps provided through the Supplemental Nutrition Assistance Program (SNAP) at its stores nationwide. The drug store chain said Thursday that the move helps the retailer to better meet the needs of many customers.

Nipro wraps up acquisition of Home Diagnostics

Nipro Corp. has completed its acquisition of diabetes testing supplier Home Diagnostics Inc. The Japanese medical device manufacturer said that to complete the acquisition of all of Home Diagnostics’ shares, it effected a short-form merger.

NACDS makes big impact on RxImpact Day

NACDS makes big impact on RxImpact Day

National Association of Chain Drug Stores members and other pharmacy advocates have sent 1,500 letters to federal lawmakers over the past week and participated in over 220 in-person Congressional meetings during NACDS RxImpact Day on Capitol Hill.

Lawmakers talk up pharmacy in <i>Congressional Record</i>

A Democratic senator and a Republican congressman underscored the value of pharmacy’s role in health care in official remarks in the Congressional Record, according to the National Association of Chain Drug Stores. Sen. Kay Hagan (D., N.C.) and Rep. Peter Roskam (R., Ill.