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Rite Aid turns profit in third quarter

Rite Aid turns profit in third quarter

Rite Aid Corp. jumped a key financial hurdle by reporting net income for its fiscal 2013 third quarter, marking the company’s first quarterly profit in over five years. Rite Aid on Thursday posted net earnings of $61.9 million, or 7 cents per diluted share, for the 13-week third quarter ended Dec.

GSK gets FDA OK for four-strain flu vaccine

GlaxoSmithKline has received Food and Drug Administration approval for Fluarix Quadrivalent, a four-strain seasonal flu vaccine. GSK said Monday that Fluarix Quadrivalent, for adults and children age 3 and older, represents the first intramuscular vaccine to cover against four influenza strains.

Ironwood, Forest ship IBS drug

Ironwood Pharmaceuticals Inc. and Forest Laboratories Inc. have released Linzess, a medication for irritable bowel syndrome (IBS), to U.S. pharmacies.

Walgreens’ Crawford to join Allstate board

Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., has been elected to the board of directors at Allstate Corp. The insurance giant said Monday that Crawford will join its board effective Jan. 30, 2013, which will increase the company’s total number of board members to 13.

NACDS: Senator advocates for MTM coverage

The National Association of Chain Drug Stores is hailing Sen. Kay Hagan (D., N.C.) for her leadership on behalf of pharmacy patient care, in particular medication therapy management (MTM).

AstraZeneca: Crestor U.S. patent is upheld

AstraZeneca reported that the Court of Appeals for the Federal Circuit has upheld a decision of the U.S. District Court in Delaware that the substance patent protecting its cholesterol-lowering drug Crestor is "valid and enforceable.

Walgreens opens 8,000th store

Walgreen Co. has opened two more flagship stores in rapid succession, in a historic bank building in Chicago, and in Hollywood, Calif., at Sunset and Vine. Walgreens president and CEO Greg Wasson at the flagship store opening in Hollywood.

CVS reportedly set to buy Brazilian drug chain

CVS Caremark Corp. may be on the verge of going international. The Woonsocket, R.I.-based pharmacy company is in advanced negotiations to buy a controlling interest in Onofre, a chain drug store operator in Brazil, according to the Valor Economico newspaper.