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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.

Merck appoints Frazier as new president

Merck & Co. has named Kenneth Frazier as the pharmaceutical giant’s new president, taking over that post from chairman and chief executive officer Richard Clark. Merck said Wednesday that Clark will continue as chairman and CEO.

Mylan, Teva, Actavis launch generic versions of Flomax

Mylan Pharmaceuticals Inc., Actavis Inc. and Teva Pharmaceutical Industries Ltd. this week began shipping generic versions of the branded drug Flomax, for the treatment of enlarged prostate. Mylan and Teva said Wednesday they received final approval from the Food and Drug Administration for 0.