Leading pharmacy groups said 16 members of Congress are calling on House Speaker Nancy Pelosi to consider a higher federal upper limit (FUL) for reimbursing pharmacies for dispensing generic prescription drugs under the Medicaid program.
The National Association of Chain Drug Stores applauded the Senate for preventing the passage of prescription drug reimportation amendments that the association said would have "compromised the link between pharmacy and patients.
Rite Aid Corp. beat Wall Street analyst estimates with a narrower loss in its fiscal 2010 third quarter, although sales tailed off slightly. The drug store chain on Thursday posted a net loss of $83.9 million, or 10 cents per diluted share, for the 13 weeks ended November 28, compared with
CVS Caremark Corp. has made H1N1 "swine flu" vaccines available at CVS/pharmacies and MinuteClinics in 21 states and is again offering seasonal flu shots through its in-store health clinics.
Jean-Marc Huet, currently chief financial officer at Bristol-Myers Squibb Co., is joining Unilever as CFO. Unilever said Wednesday that the 40-year-old Huet will take over the company’s CFO post starting January 1.
Walgreen Co. plans to have H1N1 "swine flu" vaccinations available in all 50 states by the end of this month.
Chong Bang, Walgreen Co.’s general merchandise manager for photo and front-end services and the latest executive to oversee implementation of the company’s Customer-Centric Retailing (CCR) initiative, plans to leave the company later this month.
Senators have dug in for a prolonged floor fight on health care reform, even after voting on their first two amendments.
Pharmacy operators and drug wholesalers say they fear that a new Centers for Medicare and Medicaid Services (CMS) policy could prevent certain medications for chronic conditions from being covered by Medicare Part D.
Walgreen Co. continues to shuffle its upper management ranks, bringing in new executives and moving others to new roles.
Chain drug retailers posted strong sales gains in November. Overall sales for the trade class advanced 8.3% from results in the prior-year period, while same-store sales increased by 4%. Walgreen Co. was among the drug chains recording solid results for the month.
Online retailer drugstore.com inc. reported a strong start to its holiday selling season. On Cyber Monday, traditionally the kickoff of the online holiday shopping season, the company reported its highest number of orders ever.
The level of flu activity across the nation dropped in November, federal health officials said earlier this month, indicating that the second wave of the swine flu pandemic in the United States has peaked.
Three longtime members of Walgreen Co.’s board of directors will step down next month, including Charles R. (Cork) Walgreen III, the grandson of the company’s founder.
The National Association of Chain Drug Stores has submitted a letter to the Food and Drug Administration expressing its concern that rogue Internet pharmacies are engaging in a pattern of illegal activity.
Walgreen Co. has relaunched its web site, adding a variety of healthy living and product resources, expanding the shopping tools and services it offers, and making the site easier to navigate.
