Growth in spending on medicines dipped last year, but that hasn’t eased the challenge of balancing access to drugs and the cost of care in an era of innovative but more expensive treatments, according to the IMS Institute for Healthcare Informatics.
Legislation that would improve efforts to fight prescription drug abuse without impeding legitimate patients’ access to medication is set to go before President Barack Obama to be signed into law.
Health Mart has spurred its rapid growth by helping to level the competitive playing field for its member pharmacies with innovative programs and tools, according to president Steve Courtman. The McKesson Corp.
This year, Loblaw Cos. plans to invest about $1 billion into its Canadian retail business. Loblaw said Tuesday that it aims to open 50 new stores and complete 150 store remodels. The capital budget also includes e-commerce expansion plus IT infrastructure and supply chain projects.
Walgreens Boots Alliance (WBA) Inc. has sold its Alliance Healthcare Russia pharmaceutical wholesale business to 36.6, a leading health and beauty aids and pharmacy retailer in Russia. Financial terms of the transaction weren’t disclosed. However, WBA said it will own a 15% interest in the 36.
Lewis Drug is getting ready to open its 50th store, which will mark a milestone for the regional pharmacy chain. The outlet, formerly an independent pharmacy, is located rural Clear Lake, S.D., and will get upgraded systems and a fresh look. The front end will get Lewis’ curated assortment of health
Walgreens has begun providing the opioid overdose antidote naloxone without a prescription in all of its Pennsylvania pharmacies. The drug chain said Monday that naloxone is now easier to obtain in its more than 120 drug stores across Pennsylvania.
Pharmacists in California can now provide prescription contraceptives to women without a script from their doctor.
The National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) have urged congressional leaders to decline increases to prescription co-payments in TRICARE, the U.S. armed forces health benefits program.
Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.
Pfizer Inc. said Wednesday that its merger agreement with Allergan PLC has been terminated by mutual agreement, a decision driven by the Treasury Department’s announcement of new rules intended to undercut this type of tax inversion deal.
Ahold USA named Andrew Iacobucci executive vice president of merchandising effective April 11.
CVS Specialty, the specialty pharmacy arm of CVS Health, has been awarded Specialty Pharmacy accreditation from health care standards accrediting body URAC.
Walgreens Boots Alliance (WBA) reported double-digit revenue growth for its fiscal 2016 second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. WBA said Tuesday that second-quarter sales climbed 13.6% to $30.18 billion from $26.57 billion a year earlier.
Former Walgreens finance executive Rick Hans has joined Fred’s Inc. as executive vice president and chief financial officer. Fred’s said late Monday that Hans fills the vacancy left when Jerry Shore, the retailer’s previous CFO, was promoted to chief executive officer in October 2014.
A new study from Walgreens Boots Alliance Inc. indicates that pharmacy interventions can lead to greater medication adherence and lower health care costs.
