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Former Lilly CFO to head CVS Caremark

Former Lilly CFO to head CVS Caremark

CVS Health has named former Eli Lilly and Co. chief financial officer Derica Rice as president of its CVS Caremark pharmacy benefit management unit. Plans call for Rice to take the helm at CVS Caremark on March 30, CVS said late Tuesday.

Time for drug chains to reclaim beauty category

Time for drug chains to reclaim beauty category

It is a pivotal juncture for the beauty care category in the drug channel. Retailers and brands need to devise a game plan to wrest the business away from prestige power players. Sales in cosmetics, skin care and grooming are firing on all cylinders — but sadly, not in the mass beauty

Amazon targets Medicaid population

Amazon targets Medicaid population

Amazon.com plans to offer discounts on its Amazon Prime service to Medicaid recipients. Low-income individuals who are eligible for the government health insurance program will be able to sign up for Prime for $5.99 a month, a $7 discount from its standard monthly cost of $12.99.

Senators aim to quash pharmacy gag clauses

Senators aim to quash pharmacy gag clauses

A group of senators are sponsoring legislation to bring more prescription drug pricing transparency to the pharmacy counter. Sens. Susan Collins (R., Maine), Claire McCaskill (D., Mo.) and Debbie Stabenow (D., Mich.) yesterday introduced the Patient Right to Know Drug Prices Act (S.

Genoa Healthcare opens doors to 400th pharmacy

Genoa Healthcare opens doors to 400th pharmacy

Behavioral health pharmacy operator Genoa Healthcare has opened its 400th location in its home state. Tukwila, Wash.-based Genoa on Thursday held the grand opening of its newest pharmacy at Comprehensive Life Resources, a nonprofit behavioral health center in Renton.

Walmart health executive George Riedl to depart

Walmart health executive George Riedl to depart

George Riedl, senior vice president at Walmart and president of the Walmart Health and Wellness division, is leaving the company. A Walmart spokeswoman said Wednesday that Riedl, a key pharmacy executive at the retail giant, is slated to depart on March 16.

More Rite Aid stores transferred to Walgreens

More Rite Aid stores transferred to Walgreens

Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed