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Issue 06-06-2016

Walmart, McKesson team up for generic drug sourcing

Walmart, McKesson team up for generic drug sourcing

Walmart has become the latest retailer to ally with a pharmaceutical distributor for generic drug sourcing. The mass merchandiser’s partnership with McKesson Corp. includes an expanded long-term distribution pact and will add scale and value for both companies, they said.

Receipts at CVS enter digital age

Receipts at CVS enter digital age

CVS Pharmacy is offering digital receipts for all members of the ExtraCare rewards program. The new option will eventually be available in 7,900 stores. Customers can opt out of receiving paper receipts for all in-store purchases when completing their transactions in the front of the store.

Health insurers seek rate hikes under ACA

Large health plans that have claimed financial challenges from their participation in health insurance exchanges under the Affordable Care Act are set to seek significant premium increases in about a dozen states where they operate those individual plans.

New approach to Rx hits N.Y. market: Capsule

New approach to Rx hits N.Y. market: Capsule

Innovation is key in the pharmacy industry, and one new company is using innovation to distinguish itself in this very competitive field. Capsule, which opened in New York City last month, is a digital start-up focusing on the home delivery of prescription drugs.

NACDS stresses voter engagement

Voter engagement is the goal of a video ad released last month by the National Association of Chain Drug Stores. The ad, titled “Momentum,” urges pharmacy personnel to participate in this year’s elections in order to “sustain legislative success at the federal and state levels.

Walgreens taps Minsk to run PL

Helayna Minsk has joined Walgreens as group vice president of retail brands. A former executive at Johnson & Johnson (J&J) and Unilever, she has over 25 years of experience in brand marketing, innovation, product development and activation.

CF Champions backs patients, caregivers

Walgreens has launched CF Champions: Navigating the Journey, Together, a campaign to support cystic fibrosis patients and their caregivers. The initiative was debuted in May to coincide with the Cystic Fibrosis Foundation’s National CF Awareness Month.

JANA exec leaves Walgreens board

Activist investor Barry Rosenstein, managing partner of hedge fund JANA Partners LLC, has stepped down from the Walgreens Boots Alliance Inc. (WBA) board after reducing his investment in the company.