CFO succession upcoming at McKesson
A new chief financial officer is slated to take the reins at McKesson Corp. starting next month.
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CVS Health Foundation expands support of Alzheimer’s program
The CVS Health Foundation is making a $550,000 grant to the Alzheimer’s Association to boost its support for a new program to enhance disease diagnosis and assessment with clinicians and to educate them about care and support programs to help families.
Industry mourns Arbor Drugs founder Eugene Applebaum
Eugene Applebaum, the founder of Michigan pharmacy chain Arbor Drugs, passed away at his home here on Friday at age 81. After earning a pharmacy degree at Wayne State University, Applebaum entered the drug store business in 1963 with the opening of one store, Civic Drugs, in Dearborn, Mich. In 1974,
Pfizer biosimilar IXIFI approved by FDA
Pfizer Inc. has received approval from the Food and Drug Administration for IXIFI (infliximab-qbtx), a biosimilar of Remicade (infliximab) from Janssen Biotech Inc.
Police probe suspicious death of Apotex founder
Police are investigating the deaths of Barry Sherman, the founder of Apotex Inc., and his wife Honey, whose bodies were found at their North York, Ontario, home on Friday. As of Sunday, autopsies on Sherman and his wife were pending, published reports said.
McKesson tabs Chris Dimos to lead Health Mart
McKesson Corp. has promoted Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health.
Rite Aid donations help wildfire victims, kids charities
The Rite Aid Foundation this week announced donations to aid the wildfire relief effort in Southern California and help children through its KidCents program.
Analyst: No ‘kneejerk reaction’ from WBA
A CVS-Aetna merger or not, Walgreens Boots Alliance is zeroed in and making headway on its strategic game plan, according to Jefferies analyst Brian Tanquilut. Following a visit to WBA’s headquarters in Deerfield, Ill.
Merlo discusses potential of CVS-Aetna merger
Acquiring Aetna Inc. will better position CVS Health to improve health outcomes and bring affordable health care to more Americans, CVS president and chief executive officer Larry Merlo told National Public Radio (NPR).
Amneal to release Kenalog-40 generic
Amneal Biosciences is set to roll out triamcinolone acetonide injectable suspension 40 mg/ml, a steriod used to treat inflammation.
PhRMA takes aim at opioid abuse, misuse
The Pharmaceutical Research and Manufacturers of America (PhRMA) has launched a multiyear, multimillion-dollar initiative to help tackle the opioid abuse epidemic.
American Greetings debuts Wacky Wonderland cards
American Greetings is looking to get some laughs this holiday season. The greeting card maker this week introduced American Greetings Wacky Wonderland Christmas cards, which the company said are designed to shake up the holiday with irreverent humor.
Lovell Drugs signs supply deal for medicinal cannabis
Canada’s Lovell Drugs has entered into a definitive agreement with Maricann Group Inc. to be the exclusive supplier of medicinal cannabis to its pharmacies.
Innovation outfits HealthWarehouse with PharmASSIST
Online pharmacy HealthWarehouse.com plans to implement Innovation’s PharmASSIST Quick Start high-volume technology for its online/mail order pharmacy in Florence, Ky. Innovation said Wednesday that HealthWarehouse.
HDA study gauges specialty drug market
In the specialty pharmaceutical arena, products in the autoimmune/immune and ophthalmology categories stand to grow in importance over the next 12 months, followed by oncology, central nervous system and inflammatory drugs, according to the HDA Research Foundation.
Target to buy Shipt for $550 million
Target Corp. has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash.