CVS Caremark: Better adherence saved PBM clients $2.4 bil.
CVS Caremark Corp. estimated that its pharmacy benefit management (PBM) clients saved nearly $2.4 billion last year because of improved medication adherence for chronic conditions.
Retail News
London Drugs to arm store staff with iPads
London Drugs is deploying Apple iPads to all of its stores to bring customers product information on the spot to aid their buying decisions.
Rite Aid wraps up debt offering
Rite Aid Corp. has closed an offering of $421 million in senior notes due in 2020 as part of a debt refinancing initiated earlier this month. The drug chain said Tuesday that the proceeds from the offering of 9.25% senior notes due in 2020, along with cash, are being used to
Walgreens unveils ‘new and improved’ Rx savings club
Walgreen Co. has expanded its Prescription Savings Club to include hundreds more value-priced generic drugs and discounts on a broader range of other products and services.
Cardinal Health reaches settlement with DEA
In a settlement with the Drug Enforcement Agency (DEA), Cardinal Health Inc. has agreed to a two-year suspension of its Lakeland, Fla., distribution center’s registration to ship controlled substances.
Category manager exits Rite Aid
Paul Margeson, a category manager for several over-the-counter segments at Rite Aid Corp., has left the company. A Rite Aid spokeswoman confirmed Monday that Margeson has resigned.
Poll: Walgreens is top drug store brand
In terms of brand equity, Walgreens leads the field among retail pharmacy operators, including drug store chains and mass merchants, according to a survey by Harris Interactive.
CVS’ MinuteClinic helps raise diabetes awareness in Chicago
MinuteClinic is teaming up with a coalition of groups aimed at raising diabetes awareness among families on Chicago’s South Side.
Rite Aid exec to keynote pharmacy school commencement
Rite Aid Corp. pharmacy chief Robert Thompson is slated to deliver the commencement address this weekend at Duquesne University’s Mylan School of Pharmacy graduation ceremony.
Walgreens begins training program for workers with disabilities
Walgreen Co. has launched a national training initiative to help people with disabilities gain retail and customer service skills.
Alabama enacts PBM pharmacy audit legislation
The National Association of Chain Drug Stores applauded Alabama Gov. Robert Bentley (R) for signing into law the Pharmacy Audit Integrity Act (SB 383), which regulates pharmacy audits conducted in the state by pharmacy benefit managers (PBMs).
PCMA ad takes aim at community pharmacies
The Pharmaceutical Care Management Association (PCMA) has taken the offensive against community pharmacies by running an advertisement that claims drug stores are overcharging patients.
Pharmasave CEO Paish to leave company
Sue Paish is slated to step down as chief executive officer of Pharmasave Drugs Ltd. later this month to become CEO of LifeLabs Inc., a provider of laboratory testing services.
MinuteClinic sets up shop in San Antonio
MinuteClinic has opened has opened its first medical clinics in San Antonio. The CVS Caremark Corp. retail health clinic subsidiary said Thursday that two locations in CVS/pharmacy stores are now open for patients in San Antonio, and a third clinic is slated to open later this year.
D.C. rally by NCPA spotlights key pharmacy bills
The National Community Pharmacists Association capped off its three-day Legislative Conference with a Capitol Hill rally in which pharmacists and lawmakers advocated for bills aimed at preserving pharmacy choice for patients.