ProPhase nixes bid to be bought by Matrixx
ProPhase Labs Inc., the maker of Cold-EEZE cold remedies, has rejected an unsolicited bid to be acquired by Matrixx Initiatives Inc., which owns the rival Zicam brand of cold and allergy products.
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H.D. Smith names home health exec
Timothy Booth has joined H.D. Smith as corporate vice president and head of its Home Healthcare Division (HHC).
Health Mart names president, reaches 3,000 pharmacies
Stephen Courtman has been appointed president of Health Mart, the drug store franchise network of McKesson Corp. The company also said Monday that Health Mart reached a milestone this month with the opening of its 3,000th member pharmacy.
CVS Caremark appoints general counsel
Thomas Moriarty has been named executive vice president and general counsel at CVS Caremark Corp. CVS said Monday that Moriarty takes over from Douglas Sgarro, who retired in May after more than 14 years with the company.
Walmart small formats face off with drug stores
Walmart is finally getting comfortable with small-box retailing, and the implications for chain drug stores could be ominous. Bill Simon, president and chief executive officer of Walmart U.S.
Meijer stores to carry Pill Pouch medication adherence aid
Meijer Inc. is slated to offer a novel medication management product called Pill Pouch at select stores in Michigan this month. The Pill Pouch aims to make it easier for people to manage multiple medications.
CVS takes aim at prescription drug abuse, misuse
CVS Caremark Corp. is reviewing the Drug Enforcement Administration’s revocation of the controlled substance licenses of two of its stores in Sanford, Fla.
Asteres’ ScriptCenter OK’d for use in N.J.
Asteres Inc. has gained approval from the New Jersey Board of Pharmacy for its ScriptCenter automated pharmacy kiosk to be used for 24×7 prescription pickup in hospitals and health care facilities.
Lannett to ship Fioricet generic
Lannett Co. has been cleared by the Food and Drug Administration to market for butalbital, acetaminophen and caffeine tablets (50mg/325mg/40mg). The company said Friday that the combination product, slated to begin shipping next month, is a generic version of Fioricet.
Dr. Reddy’s releases Toprol-XL generic
Dr. Reddy’s Laboratories has launched metoprolol succinate extended-release tablets in the U.S. market.
Walgreens off to fast start with loyalty program
Walgreen Co. is getting off to a strong start with its new customer loyalty program, Balance Rewards. The nation’s largest drug chain said Saturday that so far, over 1 million customers have signed up for the program since Sept. 6, when Walgreens launched its online-only enrollment process.
Survey: Many struggle to pay for prescriptions
Many U.S. consumers rely on multiple prescription drugs and are so strapped for cash that they can’t afford to pay for them, leading them to skip their medications, according to the annual prescription drug poll of Consumer Reports.
RxAlly pharmacies to host Election Day flu shot clinics
RxAlly, an alliance of more than 22,000 pharmacies, is participating in Vote & Vax, a national public health initiative to increase the number of Americans who get a flu vaccination.
CVS study: Information shortfall in ads for Rx-to-OTC drugs
Consumers get much less information in advertisements for drugs that went over the counter versus when they were prescription-only, new research sponsored by CVS Caremark Corp. finds.
Rite Aid focuses on wellness for 50th anniversary
Rite Aid Corp. is marking its 50th anniversary by doing what it’s done over the past five decades: focus on health and wellness.
Walgreens initiates debt offering
Walgreen Co. has priced a public offering of senior notes totaling $4 billion, some of which will be used to finance recent acquisitions. Walgreens said Monday evening that the underwritten offering of senior notes includes $550 million of floating rate notes due in 2014, $750 million of 1.