Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said Monday that for the third quarter ended Sept. 30, sales totaled $46.18 billion up 3.5% from $44.
CVS Health has announced two major agreements to boost pharmacy benefit management services.
At presstime The Wall Street Journal along with other news agencies reported that CVS Health will offer more than $200 per share, or about $66 billion, to purchase the health insurance giant Aetna Inc. Anonymous sources cited by WSJ originated the story about a potential CVS-Aetna deal.
Walgreens Boots Alliance Inc. (WBA) is developing the picture of its future store base after turning the page on a nearly two-year process triggered by its proposed merger with Rite Aid Corp. Beginning next spring, WBA plans to shut 600 stores under an 18-month program to rationalize its U.S.
It’s clear that America’s growing opioid epidemic is getting worse. Last month President Trump stopped short of declaring the crisis a national emergency and directed the Department of Health and Human Services to declare the opioid crisis a public health emergency instead.
The future of the bipartisan bill to stabilize health insurance markets remained uncertain after President Trump sent mixed signals about the health reform legislation.
Rep. Tom Suozzi (D., N.Y.) got an education on drug cost dynamics during a tour of oncology pharmacy Onco360 here with members of the National Association of Specialty Pharmacy (NASP).
Rite Aid Corp. has named Derek Griffith executive vice president of store operations. Griffith had been serving as senior vice president of operations in the retailer’s Northeast and Midwest regions.
Big V Drug Stores cofounder Tony Crncich passed away October 18. He was 87. Crncich is being remembered for his storied career as builder of one of the largest retail pharmacy chains in Ontario. The chain he helped launch in 1962 grew to encompass 135 stores. Big V — at the time
CVS Health has expanded its safe medication disposal program with in-store kiosks. The new disposal units inside 750 CVS Pharmacy stores will add to the more than 800 CVS medication disposal kiosks the company has donated to law enforcement officials across the country.
In its continuing efforts to combat the opioid drug epidemic plaguing the country, Walgreens has announced it is now stocking Narcan in all of its more than 8,000 pharmacies nationwide.
Loblaw Cos. is making investments in digital and e-commerce services with savings it plans to net from terminating 500 jobs, though the company did not speculate on how much it would save.
More often than not, independent drug stores are overshadowed by the big retail chains.
The impact of a healthy population and vibrant workforce on the ability of the economy to sustain growth should not be underestimated.
Palmer’s Cocoa Butter Formula has tabbed actress Alexandra Breckenridge of the NBC-TV series “This is Us” to star in its popular pregnancy ad campaign. The E.T. Browne Drug Co.
Later this year, The Hershey Co. plans to roll out the fourth flavor in its namesake brand’s history, Hershey’s Gold caramelized creme bars. Hershey said this week that Hershey’s Gold marks the nation’s first mass-market, golden creme confection.
