Rite Aid refinances portion of debt
Rite Aid Corp. has completed a plan to refinance debt maturing in September 2010.
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Health network for uninsured taps Rite Aid for Rx
Rite Aid Corp. is serving as the exclusive pharmacy provider for a new health care network in metropolitan New York that serves uninsured and underinsured patients.
CVS Caremark alliance expands pharmacogenomic services
CVS Caremark Corp. aims to broaden pharmacogenomic clinical and testing services for its pharmacy benefit management clients through a partnership with Generation Health Inc., a genetic benefit management firm.
Walgreens sees monthly surge in e-prescribing
Walgreen Co. filled a record number of prescriptions electronically during October, with e-prescribing volume surging by triple digits versus a year earlier.
Skin care company started by pro athletes teams with CVS
CVS Caremark Corp. this week plans to roll out displays showcasing new products from MISSION Skincare, founded by tennis star Serena Williams and other famous athletes, in the beauty aisle of more than 5,000 drug stores nationwide.
Duane Reade launches mini magazine
In its latest step to hoist the visibility of its brand, Duane Reade Inc. this week introduced The Duane Reader, a print publication that highlights hundreds of new products — notably store brands — designed to meet the needs of busy New Yorkers. The drug store chain said Monday that the initial
Blacksmith acquires McNeil brands, allies with Emerson Group
Start-up Blacksmith Brands Inc. has wrapped up its acquisition of five over-the-counter consumer products brands from McNeil-PPC Inc. and unveiled a partnership with The Emerson Group.
Kerr Drug enlists marketing agency to help drive its brand
Kerr Drug has appointed 919 Marketing as its marketing agency of record. The marketing, consulting and public relations firm said the deal expands the existing partnership between the two North Carolina companies.
CVS Caremark looks for PBM results to improve
CVS Caremark Corp. expects disappointing results for its pharmacy benefits management business next year, based on the loss of a net of $4.8 billion in contracts.
Aurora to exit supermarket pharmacy arena
Aurora Pharmacy has inked deals to sell 30 of its pharmacies, a move that marks the end of its supermarket prescription drug business. The company, a subsidiary of health system Aurora Health Care, this week said it plans to sell 20 supermarket pharmacies to Roundy’s Supermarkets Inc.
NACDS backs legislation targeting organized retail crime
The National Association of Chain Drug Stores is urging Congress to pass a pair of bills designed to help combat organized retail crime.
IMS Health to be acquired by investment firms
IMS Health has agreed to be acquired by investment funds managed by financial firms TPG Capital and the CPP Investment Board in a $5.2 billion deal.
Denton named CVS Caremark’s chief financial officer
David Denton has been promoted to executive vice president and chief financial officer at CVS Caremark Corp., succeeding David Rickard, who is retiring.
Strong Rx business drives 3Q gains at CVS Caremark
Sharp growth in pharmacy business fueled hefty revenue and earnings gains for CVS Caremark Corp. in the third quarter. The drug store chain and pharmacy benefit manager said Thursday that net sales for the quarter ended September 30 surged 18.1% to $24.6 billion from $20.9 billion a year earlier.
CVS Caremark appoints PBM marketing executive
Len Greer has been named senior vice president of marketing for CVS Caremark Corp.’s pharmacy benefit management business.
Walgreens to start offering H1N1 vaccines this week
Walgreen Co. this week plans to start providing shots for the H1N1 "swine flu" virus at stores in the Salt Lake City area. The drug store chain said that it will begin offering H1N1 injectable vaccines at 18 pharmacies throughout Salt Lake County on Thursday.