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Pharmacy

NACDS to CMS: Finish the job of DIR fee reform

NACDS to CMS: Finish the job of DIR fee reform

ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) is reminding the Centers for Medicare & Medicaid Services (CMS) that the 107,400% growth in “DIR fees” over one decade’s time continues to jeopardize seniors and the pharmacies that serve them.

The independent pharmacy marketplace remains stable

The independent pharmacy marketplace remains stable

In the past few years, some have been pushing the narrative that pharmacy benefit companies are driving independent pharmacies out of business. Their argument seems compelling, but is it true? As we do every year, PCMA consulted the numbers from several sources.

Christine Baeder named chair of the AAM board of directors

Christine Baeder named chair of the AAM board of directors

The Board of Directors of the Association for Accessible Medicines (AAM) has named as its new Chairperson, Christine Baeder, Teva Pharmaceuticals USA Chief Operating Officer for U.S. Generics and Biosimilars. Baeder succeeds Chirag Patel, Amneal Pharmaceuticals Inc.

Walgreens acquires Medly Health

Walgreens acquires Medly Health

Walgreens confirmed Wednesday it has purchased Medly Health, a digital pharmacy business, which could lead to the closure of all 22 Pharmaca Integrative Pharmacies.

Roche expands collaboration with Janssen

Roche expands collaboration with Janssen

Roche has expanded its collaboration with Janssen Biotech Inc. (Janssen) to create companion diagnostics for targeted therapies, further strengthening research and innovation activities.

CVS to buy Oak Street Health

CVS to buy Oak Street Health

CVS Health and Oak Street Health have entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion.

New report shows cost of big drug companies’ patent abuse

New report shows cost of big drug companies’ patent abuse

A new report from The Coalition for Affordable Prescription Drugs (CAPD) and conducted by Matrix Global Advisors (MGA) found the yearly cost of big drug companies’ patent thickets on five top-selling prescription drugs ranges from $1.8 to $7.6 billion each.

Albertsons launches digital health, wellness platform

Albertsons launches digital health, wellness platform

Albertsons Cos. today announced the launch of Sincerely Health, a digital health and wellness platform accessible on 16 of its banners’ grocery app and websites, including Albertsons, Safeway, Vons, Shaw’s, Jewel-Osco, and Acme.