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WBA to buy stake in China’s GuoDa drug chain

WBA to buy stake in China’s GuoDa drug chain

Walgreens Boots Alliance (WBA) plans to pay about $416 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store Co. WBA confirmed the deal on Monday. GuoDa is the largest retail pharmacy operator in China, with nearly 3,700 stores.

Canada plans changes to drug pricing rules

Canada plans changes to drug pricing rules

The Canadian government is stepping up efforts to rein in the cost of prescription drugs. At the start of this month, Canada proposed the first major update to the Patented Medicines Regulations in more than 20 years.

CVS Health to buy Aetna for $69 billion

CVS Health to buy Aetna for $69 billion

Following mounting speculation over the past month, CVS Health has unveiled a cash-and stock-deal to acquire health insurer Aetna Inc. for $69 billion. CVS and Aetna said Sunday evening that under the merger pact, Aetna shareholders will receive about $207 per share, including $145 in cash and 0.

CVS survey serves as flu shot reminder

CVS survey serves as flu shot reminder

CVS Health has released findings from a poll on flu immunization as it urges families to get their shots during National Influenza Vaccination Week with the approach of peak flu season. A recent CVS survey found that 61% of Americans get a flu vaccine every year or plan to get one this

Jean Coutu shareholders OK acquisition by Metro

Jean Coutu shareholders OK acquisition by Metro

Jean Coutu Group shareholders have overwhelmingly approved the planned sale of the pharmacy chain to Quebec food and drug retailer Metro Inc. Jean Coutu said Wednesday that a near-unanimous 99.9% of votes cast sanctioned the $4.

First Rite Aid stores go to Walgreens

First Rite Aid stores go to Walgreens

Walgreens Boots Alliance (WBA) has taken over the first group of Rite Aid stores as part of the asset sale agreement the companies unveiled in September. Rite Aid Corp. said late Monday that it has transferred 97 stores and related assets to WBA. This completes the pilot closing and first subsequent

Analysts size up Amazon’s pharmacy opportunity

Analysts size up Amazon’s pharmacy opportunity

Pharmacy stands as a sizable growth opportunity for Amazon, and its avenues for market entry include acquisitions, with Rite Aid Corp. and Diplomat Pharmacy Inc. among potential targets, according to Cowen analysts John Blackledge and Charles Rhyee.

Reports: CVS may be near deal to buy Aetna

Reports: CVS may be near deal to buy Aetna

A deal for CVS Health to acquire Aetna Inc. could happen by the end of the month, published reports say. Citing anonymous sources, The Wall Street Journal reported Monday that CVS was nearing a $66 billion agreement to buy the health insurer, according to reports.