NCPA CEO urges federal action on PBMs
At a health subcommittee hearing of the U.S. House of Representatives Energy & Commerce Committee, B.
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Diplomat hires former BioScrip, CVS exec for PBM
Diplomat Pharmacy Inc. has hired former CVS Caremark executive Chris Luthin as executive vice president of finance for pharmacy benefit management and integration.
Teva, Greenstone roll out Viagra generics in U.S.
The first generic versions of Viagra, Pfizer Inc.’s blockbuster drug for erectile dysfunction, were launched this week in the United States by Teva Pharmaceutical Industries Ltd. and Greenstone LLC.
Jeff Leger named Shoppers Drug Mart president
Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday.
Eosera to offer Earwax MD at long-term care facilities
FORT WORTH, Texas – Eosera Inc. announced that it is now offering Earwax MD to nursing home facilities across the nation primarily through key partnerships. “Hearing loss is indeed common among the elderly, but it is also largely avoidable in many cases.
Sanofi cleared to market Admelog mealtime insulin
Sanofi has received Food and Drug Administration approval for Admelog, described as the first follow-on insulin lispro to help people with diabetes manage blood sugar levels at mealtime.
Walgreens, NewYork-Presbyterian offer telemedicine services
NEW YORK, N.Y. and DEERFIELD, Ill.
CVS, Aetna set to merge in transformative deal
CVS Health plans to acquire health insurer Aetna for roughly $69 billion in a first-of-its kind deal aimed at fending off challenges in retail and health care.
AmerisourceBergen to acquire H.D. Smith
AmerisourceBergen Corp. plans to purchase pharmaceutical distributor H.D. Smith for $815 million in cash. The companies said that the transaction, pending regulatory review and other closing conditions, is expected to close in early 2018. Springfield, Ill.-based H.D.
Merchandising team realigned at Rite Aid
Rite Aid Corp. has announced a number of changes in senior management that are effective immediately. Bill Renz, Rite Aid’s current group vice president of consumables and photo, has been named senior vice president of category management.
Julian to retire from McKesson
Paul Julian, executive vice president and group president at McKesson Corp., is slated to retire at the end of the year.
Shareholders OK sale of Jean Coutu Group
Jean Coutu Group shareholders have overwhelmingly approved the sale of the pharmacy chain to fellow Quebec retailer Metro Inc. A near-unanimous 99.9% of votes cast sanctioned the $4.5 billion transaction, which was well above the two-thirds requirement.
First batch of Rite Aid stores go to WBA
Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain.
How a move by Amazon could impact retail Rx
While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen.
Loblaw, SDM to combine loyalty programs
Next year, Loblaw Cos. plans to roll out a unified customer loyalty program that joins together the Shoppers Optimum and PC Plus plans of its Shoppers Drug Mart (SDM) and supermarket chains.
Senators grill HHS nominee Alex Azar on cutting drug costs
Alex Azar, a former pharmaceutical executive named by President Trump to be the next Health and Human Services secretary, told senators at a full committee nomination hearing that making prescription drugs more affordable would be one of his top priorities.