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Walgreens reaches settlement with DEA

Walgreen Co. agreed last month to pay $80 million in fines to end a Drug Enforcement Administration probe into allegations that it allowed millions of doses of controlled substances, including the highly addictive painkiller oxycodone, to reach the black market.

Fruth introduces mobile Rx app

Fruth Pharmacy has begun offering a mobile application that executives say makes it easier for customers to manage their health and prescription needs. The app enables customers to refill prescriptions and receive pickup and dosage reminders through their smartphones.

High court weighs in on Rx

The Supreme Court jolted the pharmaceutical industry with its ruling last month that antitrust regulators should be able to challenge arrangements that allow rival drug makers to delay the sale of a generic drug.

Walgreens adds No7 Men line

As Walgreen Co. brings Alliance Boots’ No7 skin care line to more stores, it has rolled out No7 Men items to all Walgreens and Duane Reade outlets. Part of Great Britain’s top-selling skin care brand, No7 is one of the first lines to find its way onto Walgreens shelves after the companies

Pharmacy helps lead way in collaborative care

Retail pharmacy has emerged as a catalyst for change. National chains, including CVS Caremark and Rite Aid, as well as such regional players as Kerr Drug, are rethinking their practice and business models in a bid to make health care more accessible, efficient and affordable.

Miraculins acquires diabetes skin testing platform

Medical diagnostic test maker Miraculins Inc. is finalizing a deal to acquire VeraLight Inc., a provider of a non-invasive diabetes screening technology. VeraLight’s Scout DS system measures changes in the composition of a person’s skin indicative of prediabetes and type 2 diabetes.

Comp-store sales edge up at Rite Aid

Rite Aid Corp. reported an uptick in comparable-store sales for June after posting a decline the previous month. The drug chain said Wednesday that for the four weeks ended June 29, same-store sales rose 0.7% year over year. The result marked a gain from a 1.5% decrease in May and continued

Sales rise in June at Walgreens

Walgreen Co. saw its comparable-store sales stay on the upside in June. Walgreens said Wednesday that comp-store sales rose 2.3% in June, reflecting negative impacts of 1.5 percentage points from calendar day shifts (one extra Sunday and one fewer Friday) and 1.

Key health reform rule suspended for a year

The Obama administration is giving larger employers another year to comply with the Patient Protection and Affordable Care Act (ACA) mandate that they provide health insurance coverage for their workers or pay a penalty.