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FDA to restrict pain medicine

The Food and Drug Administration has recommended that Vicodin and other pain medications containing hydrocodone be reclassified as Schedule II drugs. The recommendation now goes to the Department of Health and Human Services and the Drug Enforcement Administration for a final decision.

Industry groups weigh in on Medicaid, biosimilars

The Centers for Medicare & Medicaid Services (CMS) should take steps to ensure that states increase dispensing fees for Medicaid drugs in conjunction with the new federal upper limits (FULs) that are anticipated in 2014, contend the National Association of Chain Drug Stores and the National Communit

CVS: A force in beauty for 50 years

CVS/pharmacy is celebrating 50 years of beauty care by publishing a fall “Look Book” highlighting cosmetics, hair care and other product trends from the 1960s and today. The 52-page booklet notes that CVS was founded in 1963 as Consumer Value Stores, with a focus on value and ­selection.

Walgreens hones daily living team

Shortly after the arrival of Alex Gourlay to assume his duties as president of Walgreen Co.’s daily living business at the start of the month, he announced adjustments to marketing and merchandising duties designed to simplify and coordinate the retailer’s strategic direction going forward.

California legislation a victory for Rx

California lawmakers have agreed that pharmacists should be considered health care providers, passing legislation earlier this month that authorizes pharmacists to provide additional ­services. The law, signed by Gov. Jerry Brown on October 2, becomes effective on January 1.

Jean Coutu sets stock buyback, dividend

The Jean Coutu Group has announced a share repurchase plan and a special onetime dividend to return as much as $502 million (Canadian) in cash to ­shareholders. The share repurchase offer covers 22 million Class A subordinate voting shares without par value, at a price of $18.50 per share.

Duane Reade taps Facebook

Duane Reade is conducting a Halloween-themed social media marketing campaign to promote its store brand hosiery products. The “Boo-tiful Legs” contest calls for entrants to upload original photos of themselves wearing Duane Reade brand hosiery via a dedicated Facebook page.