FDA pushes back generic drug labeling rule
The Food and Drug Administration is again postponing the release of a final rule that would change generic drug labeling requirements.
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FDA works to speed generic drug approvals
Amid calls for a quicker approval process, the Food and Drug Administration last year cleared for market the most generic drug products in its history. The FDA said it approved or issued tentative approvals for more than 700 generic drugs in 2015.
McKesson, Walmart expand Rx distribution pact
McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.
Walmart aims to be ‘front door’ of U.S. health care
George Riedl is on a mission to make Walmart consumers’ first choice for pharmacy, health and wellness.
Smith Drug taps Diplomat for specialty Rx services
Smith Drug Co. is providing independent pharmacies access to specialty pharmacy services under a new partnership with Diplomat Pharmacy Inc.
CVS Pharmacy unveils CVS Health store brand
CVS Pharmacy has begun rolling out a CVS Health-labeled line of over-the-counter health products that will replace its current OTC store brand.
Walgreens launches online mental health services
Walgreens has rolled out an online mental health platform that offers informational resources, screening tools, a therapist/psychiatrist locator, and live video chats with mental health professionals.
AmerisourceBergen, WBA extend relationship
AmerisourceBergen Corp. has extended its strategic partnership with Walgreens Boots Alliance (WBA) Inc. for another three years.
CDC sharpens aim at antibiotic overuse
Nearly a third of antibiotics prescribed in the United States aren’t necessary, according to new data from the Centers for Disease Control and Prevention (CDC).
CVS Health sees sales surge in 1Q
CVS Health reported strong sales gains and topped Wall Street’s consensus earnings forecast for the 2016 first quarter. CVS said Tuesday that for the three months ended March 31, overall revenue climbed 18.9% to $43.2 billion from $36.3 billion a year earlier.
Former Walgreens exec Curtin to join Coty
Shannon Curtin, former group vice president of beauty and personal care at Walgreen Co., is joining Coty Inc. as senior vice president for North America. Coty said Friday that Curtin will assume her new position after the completion of the company’s merger with Procter & Gamble Specialty Beauty.
Retail sales up as Jean Coutu closes fiscal year
Retail store sales edged up for the fiscal 2016 fourth quarter and full year at Jean Coutu Group, but the company saw net earnings decline year over year for both periods. Jean Coutu said Wednesday that for the fourth quarter ended Feb. 27, revenue for its franchise store network grew 0.6% to
MinuteClinics open in Chicago-area Target stores
MinuteClinic’s locations in the Chicago area now include Target stores. CVS Health said Monday that MinuteClinics have opened inside 13 Target stores in Cook, DuPage, Kane and Lake counties in Illinois. Chicago represents MinuteClinic’s largest metropolitan market in the United States.
Valeant names Perrigo’s Papa as chairman, CEO
Joseph Papa has resigned as chairman and chief executive officer of Perrigo Co. plc to join Valeant Pharmaceuticals International Inc. as chairman and CEO. Valeant said Monday that Papa, 60, is slated to start at the company by early May. Papa will succeed J.
Good Neighbor Pharmacy president Neu to retire
David Neu, executive vice president of retail strategy at AmerisourceBergen Corp. and president of its Good Neighbor Pharmacy network, plans to retire this summer.
CVS Pharmacy opens at Target stores in Utah
CVS Health has opened its first CVS Pharmacy locations inside Target stores in Utah. CVS said Thursday that the 13 new pharmacies are at Target stores in the Ogden–Clearfield, Provo–Orem, Salt Lake City and St. George, Utah, metropolitan areas. They join 11 CVS Pharmacy drug stores in the state.