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CVS sees drop in PBM prescription drug trend

CVS sees drop in PBM prescription drug trend

CVS Health reported a significant decrease in the prescription drug trend for its Caremark pharmacy benefit management (PBM) clients last year. CVS said Tuesday that the prescription trend, a growth measure of prescription spending, came in at 5% for 2015, down from a high of 11.8% in 2014.

Cetaphil unveils men’s skin care line

Cetaphil unveils men’s skin care line

Galderma Laboratories L.P. has launched Cetaphil Men, a new line of seven skin care products for men. Galderma said Monday that Cetaphil Men includes a face wash, face cloths, three lotions and two types of bars to clean, moisturize and protect men’s skin. Cetaphil Men is available now online and at

Anderson named trade group CEO of the year

Anderson named trade group CEO of the year

Steve Anderson, president and chief executive officer of the National Association of Chain Drug Stores, has been honored as the 2016 Trade Association CEO of the Year by an independent panel of association leadership experts.

CVS launches first pharmacies within Target stores

CVS launches first pharmacies within Target stores

CVS Health has debuted its first rebranded pharmacies inside Target Corp. stores. The pharmacies, in six stores in North Carolina, are being operated through a store-within-a-store format under the CVS/pharmacy banner. CVS, which completed its $1.

WBA acquisition of Rite Aid moves step closer to reality

WBA acquisition of Rite Aid moves step closer to reality

Rite Aid Corp. stockholders voted overwhelmingly this month to approve the company’s $17.2 billion acquisition by Walgreens Boots Alliance Inc. (WBA). Some 97% of the votes cast at a special meeting of stockholders were in favor of the deal.

Panzer promoted by Albertsons

Albertsons Cos. is expanding the role of Mark Panzer, who joined the company last spring as senior vice president of pharmacy, health and wellness. The retailer announced early this month that it was also putting Panzer in charge of general merchandise and health and beauty aids.

Regional chains take center stage at NACDS

Regional chains take center stage at NACDS

Stakeholders in chain pharmacy understandably direct a lot of attention to the giants of the industry, such companies as CVS Health, Walgreens Boots Alliance, McKesson and Kroger.

Big companies eye health costs

Big companies eye health costs

Twenty of the country’s largest corporations, including American Express Co., Coca-Cola Co. and Macy’s Inc., have banded together to rein in employee health care costs.

Walgreens takes aim at Rx abuse

In an effort to stem the misuse of prescriptions and the rising incidence of overdoses, Walgreen Co. recently announced the launch of a new initiative to combat drug abuse.

Duane Reade takes cues from parent firm

Duane Reade takes cues from parent firm

The newest Duane Reade store has taken the chain’s integration with parent company Walgreens to another level while attracting thousands of customers daily with distinctive offerings. The store opened in January.

Jean Coutu unveils Health Record

The Jean Coutu Group has launched an online platform that provides customers and their families with a single account from which they can access their health records. Called the Health Record, the platform is a project of the Jean Coutu network of affiliated pharmacist-owners.

Hypertension challenge begins

Hypertension challenge begins

PharmaSmart International Inc. and Chain Drug Review have launched a groundbreaking partnership designed to help patients lower their blood pressure at the pharmacy point of care.