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Retail News

NABP: Online drug sellers shirk U.S. Rx laws

Well over 90% of Internet drug outlets don’t comply with U.S. pharmacy laws, in turn driving prescription drug abuse and misuse and facilitating the entry of counterfeit medications into the U.S. drug supply, a study by the National Association of Boards of Pharmacy (NABP) found.

NCPA gives take on PDUFA reauthorization

The National Community Pharmacists Association has submitted recommendations to federal lawmakers as a Senate committee readies legislation to reauthorize the Prescription Drug User Fee Act (PDUFA). NCPA said it has sent a letter to Sen. Tom Harkin (D.

BioScrip appoints chief financial officer

BioScrip Inc. has named Hai Tran as senior vice president, chief financial officer and treasurer. The company said late Monday that Tran is slated to take over the CFO post on May 14 from Mary Jane Graves, who has been serving as interim CFO and treasurer since January 2011. Plans call for MJ

NACDS elects new officers, board members

The National Association of Chain Drug Stores has elected Greg Wasson, president and chief executive officer of Walgreen Co., as the new NACDS chairman and announced the election of other new officers, a new executive committee member and five new board members.

Community Rx is ‘disruptive innovator,’ NACDS CEO says

Government and health care decision makers are exhibiting a rising appreciation of the role that community pharmacy services can play in improving the quality and lowering the cost of health care, National Association of Chain Drug Stores president and chief executive officer Steve Anderson said at

Jean Coutu sells off chunk of Rite Aid stake

The Jean Coutu Group has sold more than 20% of its equity stake in Rite Aid Corp. Jean Coutu said late Friday that it completed the sale of 56 million, or nearly 24%, of its 234.4 million common shares of Rite Aid. The sale of the shares lowers Jean Coutu’s interest in

NACDS chairman: There’s ‘no substitute’ for engagement

As National Association of Chain Drug Stores chairman Bob Loeffler sees it, the record-breaking participation in this year’s NACDS RxImpact Day on Capitol Hill shows the effect that proactive member engagement can have. H-E-B’s Bob Loeffler, chairman of NACDS.