Before the end of the day, Rite Aid Corp. will get a new chief executive officer: John Standley. Standley, 47, is set to become Rite Aid president and CEO after the company’s annual shareholder meeting Wednesday in Camp Hill, Pa. He will take the chief executive reins from Mary Sammons, 63,
Rite Aid Corp. saw sales dip in its fiscal 2011 first quarter but recorded a smaller year-over-year loss and topped Wall Street’s earnings forecast. The drug store chain on Wednesday said its net loss for the 13-week first quarter ended May 29 was $73.7 million, or 9 cents per diluted share,
Hallmark Cards has launched the Girlfriends collection, a line of greeting cards and gifts designed to help women connect in a fun, humorous and meaningful way.
Takeda Pharmaceuticals North America Inc. said ACTOplus met XR tablets, an extended-release version of the diabetes combination medication ACTOplus met (pioglitazone HCl and metformin HCl), are now available in U.S. pharmacies.
Specialty pharmaceutical makers Valeant and Biovail have agreed to merge, with the combined company to be called Valeant Pharmaceuticals International Inc.
The Generic Pharmaceutical Association (GPhA) has formed an interim executive team to lead the organization until it appoints a new chief executive officer to replace Kathleen Jaeger, who is due to step down from the post later this month.
Walmart and drug maker Eli Lilly & Co. are teaming up to provide what they call an "affordable insulin option" for people with diabetes.
Despite an uptick in sales, Walgreen Co. saw its fiscal 2010 third-quarter earnings drop due in part to special charges and the loss of a key tax benefit. The drug store chain said Tuesday that net earnings for the quarter ended May 31 totaled $463 million, or 47 cents per diluted share,
Kowa Pharmaceuticals America Inc. and Eli Lilly and Co. have rolled out cholesterol-lowering drug Livalo to retail pharmacies in the United States. The drug makers said Monday that Livalo (pitavastatin) is available in 1 mg, 2 mg and 4 mg tablets.
A proposal for a study of the factors that influence a pharmacy’s cost of dispensing a Medicaid prescription may be included in an amendment to legislation pending before the Senate, the National Community Pharmacists Association reported.
Kinney Drugs has promoted Michael Burgess to vice president of financial planning and treasury services and hired Duckwall-ALCO executive Jim Spencer as director of retail operations.
Health Mart has named retail merchandising and marketing services provider SPAR Group Inc. as its Consumer Products Group Partner of the Year. Tarrytown, N.Y.-based SPAR Group said Friday it’s the inaugural recipient of the award from the drug store franchise, which is a subsidiary of McKesson Corp.
Mylan Inc.’s Matrix Laboratories Ltd. subsidiary has received final approval from the Food and Drug Administration for simvastatin tablets, which treat high cholesterol.
Kimberly-Clark Corp. has made executive changes that it said will sharpen its focus on continuous improvement, global sourcing and sustainability. The company also elected a new board member.
The Food and Drug Administration is warning consumers about a potentially harmful product represented as "Generic Tamiflu" that’s sold on the Internet. There’s no FDA-approved generic drug for the prescription product Tamiflu, the agency reported Thursday.
Ending what had been shaping up to be a standoff, Walgreen Co. and CVS Caremark Corp. have reached an agreement in which Walgreens will continue as a provider in the Caremark pharmacy benefit management retail network for current, new and renewal plans. The two drug store chain rivals announced
