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.
News
Opioid abuse widespread despite drop in prescriptions
Opioid prescriptions have dropped for the first time in two decades, but dealing with the threat of misuse of the powerful painkillers remains a challenge for retail pharmacies and the health care system.
Amazon poses new threat to rivals as it ramps up PL
Amazon.com Inc. reportedly is set to begin rolling out a broadly expanded lineup of private label brands as the company aims to burnish its reputation as a lower-cost retailer and bolster its efforts to sell more perishable goods.
VA turns to CVS to help improve patient access
MinuteClinic has announced a new initiative with the Department of Veterans Affairs Palo Alto Health Care System to expand access to health care services for veterans in Northern California.
CVS rebrands O-T-C store brand line
CVS Pharmacy has rebranded its private label health and wellness products under the CVS Health name. The line of more than 2,500 products spans 19 categories.
New Orleans ward gets boost
CVS Pharmacy said it has become the first major retailer to build in New Orleans’ Lower Ninth Ward since the historic neighborhood was devastated by Hurricane Katrina in 2005. With the grand opening of a new CVS drug store at 5000 N. Claiborne Ave.
Tritton becomes chief merchant at Target
Target Corp. has hired Mark Tritton as its chief merchandising officer, a role that allows him to determine what appears on store shelves. Tritton will have oversight of the company’s buying, product design and development, sourcing, and store displays. Target hired Tritton after a yearlong search.
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.
NACDS works to be part of the solution
The U.S. health care system is not functioning in a sustainable way, new National Association of Chain Drug Stores chairman Martin Otto said at the organization’s Annual Meeting here last month. Costs are too high and are rising fast, while outcomes are disappointing.
Shopping at CVS becomes more convenient
Shopping just got a little easier for CVS Health customers.
Nightengale takes reins at Good Neighbor Pharmacy
Brian Nightengale has succeeded Dave Neu as president of AmerisourceBergen Corp.’s Good Neighbor Pharmacy. Neu, who has also been executive vice president of retail strategy at AmerisourceBergen, will retire this summer after more than three decades with the company.
CVS Pharmacy y más makes L.A. debut
Adding to the dozen locations it opened in June 2015, CVS Pharmacy launched nine CVS Pharmacy y más stores last month in the greater Los Angeles area. These specialized stores provide enhanced, personalized service to the local Hispanic community. The nine L.A.
WBA, AmerisourceBergen extend pact
AmerisourceBergen announced earlier this month that it has extended the term of its strategic, long-term relationship with Walgreens Boots Alliance Inc. (WBA) for an additional three years.
Drug chains step up, do their part to curb Rx abuse
Drug chains are spearheading efforts to fight prescription drug abuse through a range of initiatives. CVS Health reported that its Medication Disposal for Safer Communities program has donated more than 500 drug collection units to law enforcement partners across the U.S.
Enactment of drug abuse bill praised by Rx groups
Enactment of a new law designed to curtail drug abuse while maintaining legitimate access to medications has been hailed by pharmacy groups including the National Association of Chain Drug Stores.
Oral screenings offered at London Drugs
In an effort to raise awareness about oral cancer, London Drugs began offering oral screening clinics at 15 stores in greater Vancouver, British Columbia. The screenings — held between April 25 and May 18 — follow a successful oral cancer screening pilot program that the company began in April 2015.