Shareholders of Paragon Pharmacies Ltd. have given the green light to the western Canada drug chain’s sale to Shoppers Drug Mart Corp. Paragon said the $73.5 million (Canadian) deal was approved at the company’s shareholders meeting late last week in Winnipeg, Manitoba.
Struggling food and drug retailer Supervalu Inc. has named chairman Wayne Sales as chief executive officer, replacing Craig Herkert. Supervalu said Monday that Sales, 62, will continue to serve as chairman and that board member Philip Francis has been elected lead director.
Walgreen Co. and the Department of Health and Human Services (HHS) have joined forces to develop a medication therapy management (MTM) program to help improve outcomes for HIV patients.
Walmart on Tuesday launched a private label diabetes care line that it said could save U.S. patients up to $60 million annually. The ReliOn products promise an affordable, quality option to help the country’s nearly 26 million individuals with diabetes. The ReliOn Prime meter is priced at $16.
A National Association of Boards of Pharmacy (NABP) examination of more than 10,000 websites selling prescription drugs found that 97% were operating out of compliance with U.S.
Pending legislation can help align the response of federal agencies to the rising problem of prescription drug abuse and drug diversion, according to the National Association of Chain Drug Stores. In a letter Thursday to Sen. Tom Harkin (D.
Complex medication regimens and challenges in health care delivery are driving exponential growth in the demand for BPS board-certified pharmacists, according to the Board of Pharmacy Specialties (BPS).
The board of Jean Coutu Group has elected Cora Mussely Tsouflidou as a director. The Canadian drug chain said late Wednesday that Tsouflidou was voted onto the Jean Coutu Group board at the company’s recent shareholders meeting.
Shoppers Drug Mart Corp. saw revenue and same-store sales edge up for its 2012 second quarter. The Canadian drug chain’s net earnings dipped in the second quarter versus a year ago, although earnings per share rose and were in line with the consensus estimate of financial analysts.
With the news of a contract accord between Walgreen Co. and Express Scripts Inc., CVS Caremark Corp. raised its projected earnings benefit from the impasse between the two rivals.
Walgreen Co. and Express Scripts Inc. have reached a multiyear pharmacy network agreement that includes rates and terms under which the nation’s largest drug chain will participate in the broadest Express Scripts retail pharmacy network available to new and existing clients.
Winn-Dixie has launched a prescription savings program offering deep discounts on more than 400 generic drugs and various levels of savings on brand-name medications and other generics. The Rx discount program runs through the Winn-Dixie Reward Card.
The National Association of Chain Drug Stores and the National Community Pharmacists Association provided comment to a Senate caucus on the pharmacy sector’s engagement in the prevention of prescription drug abuse.
To help reduce vehicle air pollution, Duane Reade is asking to New Yorkers which of its drug stores should be served solely by electric trucks. The Manhattan-based drug chain, part of Walgreen Co.
The Pharmacy Technician Certification Board (PTCB) has launched the Educator Program, which provides pharmacy technician instructors and trainers with a range of resources.
Tom O’Grady has joined pharmacy alliance RxAlly as general counsel and executive vice president of corporate development. RxAlly said Monday that O’Grady, previously with the law firm McGuireWoods LLP, brings more than 30 years of corporate and transactional law experience to the company.
