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Retail News

PDUFA reauthorization bill backed by NACDS

As a final congressional vote approaches, the National Association of Chain Drug Stores called on lawmakers to pass the reauthorization legislation for the Prescription Drug User Fee Act (PDUFA) NACDS said Wednesday that the measure is integral to the review process for new prescription medications

Sales, earnings down in 3Q at Walgreens

The same day it unveiled a blockbuster partnership with global pharmacy, health and beauty retailer and wholesaler Alliance Boots, Walgreen Co. reported declined sales and earnings for its fiscal 2012 third quarter.

Walgreens to buy 45% stake in Alliance Boots

Walgreens to buy 45% stake in Alliance Boots

Walgreen Co. plans to acquire a 45% equity interest in global pharmaceutical, health and beauty retailer and wholesaler Alliance Boots for $6.7 billion in cash and stock, with the option to buy the remaining 55% of the company in about three years for $9.5 billion in cash and stock.

Walgreens spurs effort to employ people with disabilities

In a summit hosted by Walgreen Co. at the drug chain’s distribution center here, top executives from over a dozen major U.S. companies and government officials kicked off a national public-private sector initiative to further employment of people with disabilities.

Analyst: PBMs see little uptake on narrow networks

Analyst: PBMs see little uptake on narrow networks

Leading pharmacy benefit managers report that client interest in narrow pharmacy networks has picked up, but so far few have been willing to proceed. In presentations at William Blair & Co.’s 32nd Annual Growth Stock Conference here last week, Express Scripts Inc. and CVS Caremark Corp.

NACDS urges expanded PDUFA provisions

The National Association of Chain Drug Stores has called on congressional leaders to expand provisions in the final bill for the Prescription Drug User Fee Act (PDUFA) that would maintain levels of patient care while curbing prescription drug abuse.

Rite Aid, CVS join in legal wrangle over Effexor generics

Months after other pharmacy retailers took legal action, Rite Aid Corp. and CVS Caremark Corp. are suing Pfizer Inc. for allegedly conspiring with Teva Pharmaceutical Industries Ltd. to delay the release of generic versions of the antidepressant Effexor XR.

ShopRite serves up free vitamins

Food and drug retailer ShopRite has begun offering free prenatal vitamins at its pharmacy locations. The retailer-owned supermarket cooperative, part of Wakefern Food Corp.

Ontario pharmacists eye wider scope of practice

Ontario pharmacists eye wider scope of practice

With pharmacists in Canada slated to expand their scope of practice under health reform, the Ontario Pharmacists’ Association (OPA) aims to have immunization and injection in all pharmacies in the province by the end of 2013.