Walgreens settles two lawsuits
Walgreens Boots Alliance has agreed to pay more than $269 million to settle federal and state lawsuits that accused the retailer of overbilling federal health-care programs. The pharmacy chain will pay $209.
Pharmacy
CVS Health’s Accordant awarded NCQA accreditation for case management
Accordant, a CVS Health company, announced today that it has received Case Management Accreditation from NCQA for three years. This accreditation is awarded to organizations that demonstrate compliance with the rigorous Case Management Program standards.
Putting patients first and encouraging innovation
Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. For much of 2018, capital markets for biotech investment were strong. Some 53 biotech companies went public with more than $5.
CutisPharma launches First-Metoprolol unit-of-use prescription compounding kit
CutisPharma announced the commercial availability of First-Metoprolol grape-flavored oral solution compounding kit.
Benzer Pharmacy names Chilcott chief technology and marketing officer
Benzer Pharmacy has hired accomplished retail pharmacy and health care technology expert Meghann Chilcott to lead future decision-making efforts as the company’s new chief technology and marketing officer.
CVS Health honored for 5th time in a row by Fortune magazine
CVS Health today was recognized by Fortune magazine as one of the World’s Most Admired Companies for the fifth consecutive year. CVS Health was honored as No. 35 on the annual rankings of the world’s most respected and reputable corporations, up four spots from 2018. The company was also ranked No.
Making the Rx markets more competitive again
Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. This past June, Secretary of Health and Human Services Alex Azar told the Senate Finance Committee, “We need a strong, robust generic market.
Patient safety key as NACDS and APhA oppose prescription drug importation
The National Association of Chain Drug Stores (NACDS) and the American Pharmacists Association (APhA) expressed concerns about the risks to patient health and the security of the prescription drug supply chain in opposing legislation that would allow for personal and commercial importation of prescr
Government shutdown having major effect on FDA
The U.S. Food and Drug Administration has roughly five weeks of funding left to review new drug applications during the shutdown, commissioner Dr. Scott Gottlieb reported this past week on Twitter.
Aurobindo gets FDA nod for eletriptan hydrobromide tablets
Aurobindo Pharma has received final approval from U.S. Food and Drug Administration for its Abbreviated New Drug Application for eletriptan hydrobromide tablets, 20 mg and 40 mg.
CVS, Walmart reach new PBM network deal
CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks.
Express Scripts recognized for supplier diversity
ST. LOUIS – Express Scripts, part of Cigna Corp., was recently named “Corporation of the Year” for its commitment to sustainable strategic partnerships with minority business enterprises by the Mid-States Minority Supplier Development Council (Mid-States MSDC).
Albertsons Cos. chooses EQuIPP for Rx performance reporting, tracking
Albertsons Cos. has selected EQuIPP Analytics from Pharmacy Quality Solutions (PQS) for enhanced reporting and tracking capabilities related to pharmacy performance measures. EQuIPP will allow Albertsons Cos.
PhRMA welcomes Genentech and Gilead Sciences to association
WASHINGTON – Pharmaceutical Research and Manufacturers of America (PhRMA) announced today that Genentech, a member of the Roche Group, South San Francisco, and Gilead Sciences, Inc., Foster City, Calif. joined the association as members.
Shopko files for Chapter 11 bankruptcy
Shopko Stores Operating Co. announced today that it has filed for Chapter 11 bankruptcy protection. The retailer reported that it would also be closing 38 stores as part of a reorganization process that was prompted by “excess debt and ongoing competitive pressures.
Nebraska, New Mexico the top areas in Walgreens Flu Index
Nebraska, New Mexico and Kentucky are in the top slots for State Flu Activity in Walgreens Flu Index for the week ending January 12, 2019.