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Retail News

CEO Levin exits Teva

Jeremy Levin has resigned as chief executive officer at Teva Pharmaceutical Industries Ltd. and has been replaced on an interim basis by finance chief Eyal Desheh.

Affordable Care Act emerges intact from budget battle

The Affordable Care Act emerged relatively unscathed from the bruising budget battle as Republicans in the House of Representatives buckled and a compromise proposal approved in both the Senate and House was signed by President Obama.

CVS lends support to drug disposal events

CVS/pharmacy has launched the Medication Disposal for Safer Communities Program, aimed at helping police departments across the country work with CVS stores in their area to hold drug takeback events.

NACDS, NCPA urge CMS to raise dispensing fees

The National Association of Chain Drug Stores and the National Community Pharmacists Association have called on the Centers for Medicare & Medicaid Services (CMS) to assess "the true cost" of dispensing prescription drugs with the coming expansion of Medicaid services under the Affordable Care Act (

McKesson to acquire global Rx wholesaler Celesio

McKesson Corp. plans to buy Germany-based pharmaceutical distributor Celesio in a complex deal valued at $8.3 billion. The agreement, announced Thursday after speculation by industry analysts in recent weeks, would unite the biggest U.S.

Shoppers Drug Mart teams with online shopping club

Shoppers Drug Mart Corp. and online shopping club Beyond the Rack have launched a co-branded website that provides members of the drug chain’s loyalty program with exclusive savings and rewards on fashions and accessories.

Walgreens executive tabbed as NASP president

Michael Ellis, corporate vice president of specialty pharmacy and infusion services at Walgreen Co., has been named as the first president of the National Association of Specialty Pharmacy (NASP). Michael Ellis NASP said Wednesday that Ellis will serve a one-year term through October 2014.