In reporting a net loss for its fiscal 2016 third quarter, Fred’s Inc. said it plans to shut 40 underperforming stores in the first half of next year. Fred’s also announced at the start of its earnings call Thursday that it wouldn’t take any questions from analysts following its quarterly report —
KF Beauty has landed retail distribution for its WUNDERBROW eyebrow gel at CVS Pharmacy. The company said WUNDERBROW, part of its WUNDER2 beauty care line, will be sold in more than 500 CVS drug stores nationwide as well as online at CVS.com.
Muhtar Kent is stepping down as chief executive officer of Coca-Cola Co. and will be succeeded by James Quincey, president and chief operating officer. Coca-Cola said Friday that plans call for Quincey to take the CEO reins from Kent on May 1.
Sandoz Inc. has introduced bimatoprost ophthalmic solution 0.03%, an eyelash treatment, in the U.S. market. The Novartis subsidiary said its bimatoprost ophthalmic product is a generic version of Latisse from Allergan. A prescription medicine, bimatoprost ophthalmic solution 0.
Diplomat Pharmacy Inc. is uniting five subsidiaries under a new brand umbrella called Diplomat Specialty Infusion Group.
Publix Super Markets has opened a retail pharmacy at Nemours Children’s Hospital in Lake Nona Medical City, Orlando, Fla.
Rite Aid Corp. has renewed its use of SciQuest’s Advanced Sourcing Optimizer (ASO) global sourcing software. SciQuest said Wednesday that Rite Aid, the nation’s third-largest drug chain, is a longtime customer and uses ASO to source major indirect spend categories.
Fragrance brand Curve for Men has launched a 360-degree integrated marketing campaign dubbed #CurveYourReality. Curve Fragrances said Wednesday that the campaign targets Generation Z consumers and focuses on bringing “personality, individualism and personalization” to the brand.
H-E-B has earned full accreditation to deliver specialty pharmacy clinical services to patients with complex and chronic diseases in more than 260 stores across Texas.
Even with all the data and analytics tools available, getting a bead on today’s consumer isn’t easy.
Dipankar Bhattacharjee has been promoted to president and chief executive officer of the Global Generic Medicines Group at Teva Pharmaceutical Industries Ltd. The appointment is effective immediately.
Jardiance tablets, marketed by Boehringer Ingelheim and Eli Lilly and Co., have been approved by the Food and Drug Administration to cut the risk of cardiovascular death in adults with type 2 diabetes and established cardiovascular disease.
J M Smith Corp. plans to acquire drug wholesaler Burlington Drug Co. and certain retail operations assets of Pharmacy Health Services (PHS). Financial terms of the transaction weren’t disclosed.
Chain drug stores remain the largest customer base for pharmaceutical distributors, according to the Healthcare Distribution Alliance (HDA). Drug chains accounted for 42.
Though annual growth stands to moderate, global drug spending will climb to an estimated $1.5 trillion by 2021, up 33% from this year, according to the QuintilesIMS Institute. Worldwide spending on medicines is projected to grow at a 4% to 7% compound annual rate over the next
