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CVS renews Rx distribution pacts with McKesson, Cardinal

CVS Caremark Corp. is continuing its pharmaceutical supply relationships with McKesson Corp. and Cardinal Health Inc. McKesson said Thursday that it has renewed its current distribution agreement with CVS Caremark. For McKesson’s 2012 fiscal year, CVS Caremark and Rite Aid Corp.

Teva forms global specialty drug group

Teva Pharmaceutical Industries Ltd. has created a global specialty medicines group. The Israel-based drug maker said Wednesday said the newly formed group will leverage the company’s well-established generic drug presence for its specialty pharmaceuticals offering.

Orville Redenbacher adds Pop Crunch popcorn snack

Orville Redenbacher’s Gourmet Popcorn has extended its lineup with Pop Crunch, a ready-to-eat popcorn snack. The ConAgra Foods brand said Tuesday that Pop Crunch is made with whole gains and is air-popped for half the fat of leading-brand regular potato chips.

H-E-B’s Loeffler honored with Fantle Award

Robert Loeffler, former chief executive officer of H-E-B, has been recognized by the National Association of Chain Drug Stores with its highest honor, the Sheldon W. Fantle Lifetime Achievement Award.

Bull market for drug chain stocks

Stock prices for the nation’s three largest drug chains are on a tear. Walgreen Co., CVS Caremark Corp. and Rite Aid Corp. shares all reached new 52-week highs as of mid-morning trading on Tuesday. Rite Aid shares ranged from $2.44 to $2.52 on Tuesday, with the latter marking the drug chain’s peak