The Jean Coutu Group is the target of a class-action suit filed by a group of its franchisees seeking to recover $252 million in royalties. In a brief statement, Coutu said that it plans to challenge the action. “The Jean Coutu Group Inc. confirms that it has received a copy of the class-action
Walgreens is promoting Greg Orr to vice president of digital health, taking over from Adam Pellegrini, who is leaving the company to join Fitbit Inc. A Walgreens spokeswoman confirmed late Wednesday that Orr, currently senior director of digital health, will assume the new role effective Sept. 1.
Walmart health and wellness executive Michelle Gloeckler is leaving the company to become chief merchant at sporting goods chain Academy Sports + Outdoors. Academy Ltd. said Wednesday that Gloeckler is slated to join the company on Aug. 29 as executive vice president and chief merchandising officer.
Another large deal has been struck between Allergan plc and Teva Pharmaceutical Industries Ltd. The companies on Wednesday announced the sale of Allergan’s Anda Inc. distribution business to Teva for $500 million.
Mayne Pharma has completed its purchase of a package of generic drug products from Teva Pharmaceutical Industries Ltd. and Allergan plc. Mayne said Wednesday that under the $652 million deal, announced in late June, it takes ownership of 37 approved and five filed generic pharmaceutical products.
Rite Aid Corp. chairman and chief executive officer John Standley has been elected to the CarMax Inc. board of directors. The used car retail chain said late Tuesday that Standley will serve on the audit committee of the board, which now has 12 members. “We are excited to welcome John to the
Teva Pharmaceutical Industries Ltd. has closed its acquisition of the Allergan plc generics business. The companies said Tuesday that under the deal, announced last July, Allergan receives $33.4 billion in cash and 100.3 million shares of Teva stock, valued at $5.
Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.
Michael Archbold has stepped down as chief executive officer of GNC Holdings Inc. and resigned from the company’s board of directors. GNC said Thursday that it has appointed director Robert Moran as interim CEO. Moran served as chairman and CEO of PetSmart Inc.
The Federal Trade Commission has given its approval to two major pharma acquisitions: Teva Pharmaceutical Industries Ltd.’s $40 billion deal to buy Allergan plc’s generics business and Mylan N.V.’s $9.9 billion deal to acquire Meda AB.
Dollar General Corp. has purchased 41 former Walmart Express locations in 11 states. Dollar General said Wednesday that it expects to relocate 40 Dollar General stores into the acquired sites by October, and the deep discount retailer will also enter one new market through the deal.
Consumer goods manufacturer, distributor and marketer My Imports USA has acquired the TAG men’s personal care brand from Procter & Gamble Co. Financial terms of the transaction weren’t disclosed.
Delhaize Group and Royal Ahold completed their merger, as expected, on July 23. The Europe-based food and drug retailers said Saturday that the $29 billion deal has received regulatory clearance from the U.S. Federal Trade Commission, and Delhaize Group chief executive officer Frans Muller and
Coty Inc. is promoting executive vice president Camillo Pane to chief executive officer. Coty said Thursday that Pane is slated to take the CEO reins after the company closes its deal to acquire Procter & Gamble Co.’s specialty beauty business.
Homeopathic medicine maker Hyland’s Inc. has named Les Hamilton to succeed Dale Nepsa as president. Hyland’s said Thursday that Nepsa has retired after 25 years at Hyland’s.
Boosting its presence in the fast-growing specialty pharmacy arena, Kroger Co. has unveiled a deal for its Axium Pharmacy Holdings Inc. subsidiary to acquire Modern HC Holdings Inc., the parent of pharmacy services operator ModernHEALTH. Financial terms of the agreement weren’t disclosed.
