CHPA endorses FSA legislation for OTCs
The Consumer Healthcare Products Association (CHPA) has expressed its support for the Restoring Access to Medication Act (H.R.
Retail News
Comp-store sales edge up at Rite Aid
Rite Aid Corp. reported an uptick in comparable-store sales for June after posting a decline the previous month. The drug chain said Wednesday that for the four weeks ended June 29, same-store sales rose 0.7% year over year. The result marked a gain from a 1.5% decrease in May and continued
Sales rise in June at Walgreens
Walgreen Co. saw its comparable-store sales stay on the upside in June. Walgreens said Wednesday that comp-store sales rose 2.3% in June, reflecting negative impacts of 1.5 percentage points from calendar day shifts (one extra Sunday and one fewer Friday) and 1.
Key health reform rule suspended for a year
The Obama administration is giving larger employers another year to comply with the Patient Protection and Affordable Care Act (ACA) mandate that they provide health insurance coverage for their workers or pay a penalty.
Rite Aid completes debt refinancing
Rite Aid Corp. has wrapped up transactions aimed at refinancing more than $800 million of debt. The drug chain said Tuesday that it has closed an offering of $810 million of its 6.75% unsecured senior notes due in 2021. The debt offering was announced June 18. Along with cash and/or borrowings
Walgreens serves up more vaccines in Indiana
With new state legislation going into effect, Walgreen Co. has expanded vaccine availability at all of its 204 drug stores in Indiana.
CVS enables drug interaction checks via smartphone
CVS/pharmacy has added the Drug Interaction Checker tool to the CVS Mobile application. The Drug Interaction Checker’s icon is located on the home screen of the CVS Mobile app.
Missouri Health Mart named Pharmacy of the Year
Parkland Health Mart Pharmacy in Desloge, Mo., was recognized as the 2013 Pharmacy of the Year grand prize winner by McKesson Corp.
LegitScript shuts thousands of rogue online pharmacies
LegitScript announced that it recently closed down more than 6,700 rogue Internet pharmacies.
Maine enacts law enabling prescription drug importation
Maine has become the first state to legalize the importation of prescription drugs by individuals. The bill, "An Act To Facilitate the Personal Importation of Prescription Drugs from International Mail Order Prescription Pharmacies," was enacted as an unsigned law on Thursday.
Jean Coutu sells more of its Rite Aid shares
Jean Coutu Group this week sold additional shares in Rite Aid Corp. and reduced its ownership stake in the U.S. drug chain. The Quebec-based drug chain said it has completed the sale of up to 40.5 million of its more than 105.9 million Rite Aid shares at an average price of $2.75
McKesson serves up community pharmacy solutions at ideaShare 2013
McKesson Corp. this week is showcasing its range of offerings for community pharmacies — including solutions for business, pharmacy and online, as well as its Health Mart franchise — at its ideaShare 2013 conference in Las Vegas.
CVS Caremark gauges adherence savings by state
States could save from ten to hundreds of millions of dollars in medical costs if medication adherence rates improved, a new study from CVS Caremark Corp. finds.
Walgreens brings new store format to Johns Hopkins
Walgreen Co. is developing a new store adjacent to the Johns Hopkins East Baltimore medical campus that the drug chain said will offer new health and wellness programs and services for students and staff, as well as area residents.
MinuteClinic allies with Tennessee health system
MinuteClinic has formed a clinical affiliation with Parkridge Health System, a hospital and health care network in the Chattanooga, Tenn., area.
Court rejects appeals of former Duane Reade executives
A federal appeals court has upheld the convictions of former Duane Reade executives Anthony Cuti and William Tennant for securities fraud. The 2nd Circuit U.S.