WBA to shut 600 stores in retail network overhaul
Walgreens Boots Alliance (WBA) plans to close 600 stores starting next year as it rationalizes its U.S. drug store base following the $4.375 billion purchase of 1,932 Rite Aid stores.
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WBA’s Q4 earnings top analysts’ forecast
Walgreens Boots Alliance (WBA) beat Wall Street’s adjusted earnings per share forecast for its 2017 fourth quarter and fiscal year, with pharmacy results helping boost sales for both periods. However, WBA said Wednesday that costs related to the unsuccessful deal to acquire Rite Aid Corp.
Lolleez organic sore throat pops offer kids relief
Lolleez has landed distribution with major retailers for its sore throat lollipops for children. The company said Tuesday that the organic, throat-soothing pops are now available at CVS Pharmacy and Stop & Shop stores as well as on Amazon.com in time for cold and flu season.
CVS Caremark unveils performance-based Rx network
For its CVS Caremark pharmacy benefit manager, CVS Health next year plans to roll out a new 30,000-store pharmacy network anchored by CVS Pharmacy and Walgreens. CVS said late Tuesday that the performance-based network also will include up to 10,000 independent community pharmacies nationwide.
AstraZeneca cleared to market Bydureon BCise
Early next year, AstraZeneca plans to release Bydureon BCise, a new formulation of Bydureon (exenatide extended-release) injectable suspension in an improved once-weekly, single-dose autoinjector for adults with type 2 diabetes.
OPI sets Guinness record for longest manicure bar
OPI has set a Guinness World Record for “The World’s Longest Manicure Bar.” The Coty Inc. nail care brand said it created a 155-foot-long manicure bar along Santa Monica, Calif.’s famous 3rd Street Promenade shopping area near the beach.
Kroger promotes Mike Donnelly to COO
Kroger Co. has named Mike Donnelly as executive vice president and chief operating officer. The supermarket giant said Tuesday that Donnelly, currently executive vice president of merchandising, will start in the new post on Nov. 1.
NACDS tackles opioid crisis in letter to Trump
The National Association of Chain Drug Stores has made four policy proposals to help fight opioid abuse in a letter to President Donald Trump.
Walgreens stocks all pharmacies with Narcan Nasal Spray
Walgreens is now carrying Adapt Pharma’s Narcan, a nasal spray form of opioid overdose antidote naloxone, in all of its more than 8,000 pharmacies nationwide.
McKesson U.S. Pharmaceutical president to depart
McKesson U.S. Pharmaceutical president Mark Walchirk is leaving the company to become president and chief executive officer of Patterson Companies Inc., a distributor serving the dental and animal health markets. Patterson said Tuesday that Walchirk is slated to start at the company on Nov. 20.
Rite Aid gives Medicare Part D guidance to seniors
Rite Aid Corp. has begun offering assistance to seniors during the Medicare Part D open enrollment period. Through Dec.
Albertsons Cos. enables Apple Pay across all chains
Albertsons Cos. has begun accepting Apple Pay mobile payment in all of its food and drug retail banners, spanning more than 2,300 stores nationwide. Albertsons Cos.
Coca-Cola North America names new president
James Dinkins has been tabbed by the Coca-Cola Co. to succeed J. Alexander “Sandy” Douglas as president of Coca-Cola North America. Coca-Cola said Monday that Dinkins will become Coca-Cola North America president effective Jan.
FDA OKs new indications for Janssen’s Simponi Aria
Janssen Biotech Inc. has gained Food and Drug Administration approval for Simponi Aria (golimumab) to treat adults with active psoriatic arthritis or active ankylosing spondylitis.
Bayer Consumer Health makes pair of appointments
Next week, Brenda Raphael is slated to take the reins as senior vice president and general manager of the therapeutics business unit of Bayer Consumer Health commercial operations for North America.
McKesson CEO agrees opioid crisis is national emergency
McKesson Corp. chairman and chief executive officer John Hammergren has endorsed President Donald Trump’s plan to designate the opioid abuse crisis as a national emergency.