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Issue 11-08-2010

Walgreens said to be eyeing sale of PBM

Published reports late last month said Walgreen Co. is looking to sell its pharmacy benefit management (PBM) business and has hired an adviser to run an auction. Citing people with knowledge of the matter, several news agencies said the drug chain has hired Bank of America Corp.

Importance of Rx adherence recognized

The National Association of Chain Drug Stores has hailed an article in the Journal of the American Medical Association (JAMA) as further validation of the need for public policy to embrace pharmacists’ expertise in helping patients take their medications correctly.

Walgreens, Epocrates join forces

The Walgreens Prescription Savings Club (PSC), a formulary of more than 8,000 branded and generic medications, is now accessible to doctors and other prescribing health care providers through a partnership between Walgreen Co. and Epocrates Inc.

Supervalu chain purchases six Rinderer’s stores

Super­valu Inc.’s Shop ’n Save food and drug chain has acquired Rinderer’s Drug Stores Inc. The deal for the six-store drug chain will see Shop ’n Save incorporate three Rinderer’s units into its store base, bringing its total number of community pharmacies in the St. Louis and Springfield, Ill.