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Retail News

Supreme Court sides with generics supplier

The Supreme Court has ruled that Novo Nordisk’s description of the patent for Prandin, its diabetes drug, is too broad. This decision enables generic drug manufacturer Caraco Pharmaceuticals to sue the innovator company in an effort to force Novo Nordisk to narrow its patent description.

Pharmaca eyes new markets as e-tail sales rise

Pharmaca eyes new markets as e-tail sales rise

Pharmaca Integrative Pharmacy’s thriving Internet business has been popular in markets far from the chain’s western U.S. operating area, laying a "beachhead" for store openings in the East, according to president and chief executive officer Mark Panzer.

Rite Aid’s results improve in 4Q, full year

Rite Aid’s results improve in 4Q, full year

Rite Aid Corp. saw its revenue grow and its net loss shrink for the fiscal 2012 fourth quarter and full year but fell short of analysts’ earnings forecast. The drug chain said Thursday that for the 14-week fourth quarter ended March 3, revenue climbed 10.7% to $7.1 billion from $6.5 billion

Kentucky bill takes aim at PBM pharmacy audits

The National Association of Chain Drug Stores hailed the enactment of legislation in Kentucky that would require transparency in pharmacy audit processes conducted by pharmacy benefit managers (PBMs). NACDS said Wednesday that the state law (H.B.

New director named to Walgreens board

Walgreen Co. has elected Jan Babiak to its board of directors. Walgreens said late Tuesday that Babiak, a retired managing partner for Ernst & Young, joins the board as an independent director and becomes its 12th member.

Walgreens: Retail gets nod over mail for 90-day Rx

A Walgreen Co. study comparing usage rates of patients filling 90-day prescriptions via community pharmacies and mail order found that when co-pay costs are similar, patients preferred the community pharmacy channel option by four to one.

Rite Aid comp-store sales climb for March

Rite Aid comp-store sales climb for March

Solid results in the front end and the pharmacy lifted comparable-store sales at Rite Aid Corp. in March. Rite Aid said Thursday that same-store sales climbed 3.6% for the four weeks ended March 31. That bested the drug chain’s 3.1% comp-store sale gain in February and matched the 3.