Activist investor Rosenstein exits WBA board
Activist investor Barry Rosenstein, managing partner of hedge fund JANA Partners LLC, has stepped down from the Walgreens Boots Alliance (WBA) Inc. board after reducing his investment in the company.
Retail News
NACDS Foundation spurs hepatitis C testing
A study funded by the National Association of Chain Drug Stores Foundation aims to boost testing for hepatitis C and connect patients to care. This week, the NACDS Foundation said its study is under way in 50 stores with pharmacies, and a total of 75 locations are planned in the greater Detroit,
CVS opens store in Katrina-ravaged section of New Orleans
CVS Pharmacy has opened a new store in the Lower Ninth Ward of New Orleans, which the company said makes it the first major retailer to build in the neighborhood since Hurricane Katrina. CVS said Thursday that the store stands as a building block in the revitalization of the Lower Ninth Ward,
NCPA leads call for more DIR fee transparency
The National Community Pharmacists Association has joined with a group of pharmacy industry stakeholders in calling for more clarity about direct and indirect (DIR) fees.
Target lands Nordstrom exec as chief merchant
Nordstrom executive Mark Tritton has joined Target Corp. as executive vice president and chief merchandising officer.
CVS kicks off in-store fundraising for LUNG FORCE
CVS Health has launched an in-store fundraising campaign at all CVS Pharmacy locations to benefit the American Lung Association’s LUNG FORCE initiative. Through June 11, customers can donate $1, $3 or more at checkout at any of the 7,900 CVS drug stores or online at CVS.com/lung.
McKesson, Walmart expand Rx distribution pact
McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.
Walmart aims to be ‘front door’ of U.S. health care
George Riedl is on a mission to make Walmart consumers’ first choice for pharmacy, health and wellness.
NACDS readies Vision 2027 for Total Store Expo
The National Association of Chain Drug Stores has announced four companies that will participate in Vision 2027, its futuristic, interactive display at the 2016 NACDS Total Store Expo.
Smith Drug taps Diplomat for specialty Rx services
Smith Drug Co. is providing independent pharmacies access to specialty pharmacy services under a new partnership with Diplomat Pharmacy Inc.
Benzer Pharmacy gains URAC specialty Rx accreditation
Benzer Pharmacy has received specialty pharmacy accreditation from health standards body URAC. The drug chain said that the Benzer Pharmacy in Auburndale, Fla., has been granted full accreditation pursuant to Specialty Pharmacy, Version 2.1.
McKesson Canada contributes to Alberta wildfire relief
McKesson Canada is making a $25,000 donation to the Canadian Red Cross through the McKesson Foundation to aid victims of the wildfires in northern Alberta.
CVS Pharmacy unveils CVS Health store brand
CVS Pharmacy has begun rolling out a CVS Health-labeled line of over-the-counter health products that will replace its current OTC store brand.
NACDS, NCPA make progress with TRICARE co-pays
The National Association of Chain Drug Stores and the National Community Pharmacists Association have made some headway in their push to rein in pharmacy co-payments for TRICARE, the U.S. armed forces health benefits program.
Walgreens appoints retail brands group VP
Helayna Minsk has joined Walgreens as group vice president of retail brands. A former Johnson & Johnson executive, Minsk takes over that role from Beth Stiller, who in late March left Walgreens to join Massage Envy as chief commercial officer.
Walgreens launches online mental health services
Walgreens has rolled out an online mental health platform that offers informational resources, screening tools, a therapist/psychiatrist locator, and live video chats with mental health professionals.