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Giant Eagle earns specialty pharmacy accreditation

Giant Eagle earns specialty pharmacy accreditation

Giant Eagle Pharmacy has received full Specialty Pharmacy Accreditation from health care standards body URAC. Giant Eagle Inc. said this week that the designation attests to the quality and service provided by its specialty pharmacy operation.

Allergan sells Anda to Teva for $500 million

Allergan sells Anda to Teva for $500 million

Another large deal has been struck between Allergan plc and Teva Pharmaceutical Industries Ltd. The companies on Wednesday announced the sale of Allergan’s Anda Inc. distribution business to Teva for $500 million.

Mayne Pharma closes $625 million generics buy

Mayne Pharma closes $625 million generics buy

Mayne Pharma has completed its purchase of a package of generic drug products from Teva Pharmaceutical Industries Ltd. and Allergan plc. Mayne said Wednesday that under the $652 million deal, announced in late June, it takes ownership of 37 approved and five filed generic pharmaceutical products.

Rite Aid’s Standley joins board at CarMax

Rite Aid’s Standley joins board at CarMax

Rite Aid Corp. chairman and chief executive officer John Standley has been elected to the CarMax Inc. board of directors. The used car retail chain said late Tuesday that Standley will serve on the audit committee of the board, which now has 12 members. “We are excited to welcome John to the

Forces that will shape the future of pharmacy

Forces that will shape the future of pharmacy

including mergers and acquisitions, downward pressure on reimbursement rates, consolidation of payers, and a nascent movement to transform pharmacists into providers — now is a good time to take a step back and look at the big picture. What forces will transform the industry, and which

Rogue online sellers feeding drug abuse

Rogue online sellers feeding drug abuse

Drug abuse, including misuse of prescription drugs, remains at alarmingly high levels in the U.S. Reports of opioid overdoses and drug-related crimes and car accidents seem to appear in local headlines almost daily.

Teva, Allergan complete $39 billion generics deal

Teva, Allergan complete $39 billion generics deal

Teva Pharmaceutical Industries Ltd. has closed its acquisition of the Allergan plc generics business. The companies said Tuesday that under the deal, announced last July, Allergan receives $33.4 billion in cash and 100.3 million shares of Teva stock, valued at $5.

Pharmacy boosts CVS Health in second quarter

Pharmacy boosts CVS Health in second quarter

Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.

Mylan launches pair of new generics in U.S.

Mylan launches pair of new generics in U.S.

Mylan N.V. this week introduced two new generic drugs in the U.S. market. On Monday, the company announced final Food and Drug Administration approval for dextroamphetamine sulfate extended-release capsules — in dosages of 5 mg, 10 mg and 15 mg — and finasteride tablets 1 mg.

Industry mourns passing of Mars Inc.’s Forrest Mars Jr.

Industry mourns passing of Mars Inc.’s Forrest Mars Jr.

Forrest E. Mars Jr., heir to candy giant Mars Inc. and its former co-president, has died at age 84. Mars Jr., who passed away on July 26, was the eldest son of Audrey and Forrest E. Mars Sr. and the grandson of Frank C. Mars, the founder of Mars Inc. With his brother

CutisPharma appoints chief scientific officer

CutisPharma appoints chief scientific officer

Steven Dinh has joined CutisPharma as executive vice president and chief scientific officer. CutisPharma said Monday that Dinh will play a key role at the company, overseeing its efforts to develop its pipeline of drugs for New Drug Application (NDA) submission to the Food and Drug Administration.