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NCPA, NACDS hail TRICARE pharmacy co-pay freeze

The National Community Pharmacists Association and the National Association of Chain Drug Stores have applauded lawmakers for approving a measure that freezes retail pharmacy co-payments in TRICARE, the health coverage program for the armed forces.

Analysts: Walgreens sharpens front-end execution

Analysts: Walgreens sharpens front-end execution

Financial analysts highlighted Walgreen Co.’s improved front-end performance in reports on the drug store chain’s fiscal 2011 first quarter results. "Walgreens appears to have established some positive momentum in its front-end business," William Blair & Co.

Walgreens begins new fiscal year with profit surge

Walgreens begins new fiscal year with profit surge

A strong operational performance fueled a nearly 19% gain in earnings in the fiscal 2011 first quarter at Walgreen Co., exceeding analysts’ per-share profit forecast by 8 cents. Same-store sales in the quarter, however, edged up less than 1% year over year, despite a 6% increase in total revenue.

CVS’ MinuteClinic aims to bolster health literacy

Through an agreement with the National Patient Safety Foundation, MinuteClinic said it will become the nation’s first retail health clinic provider to implement the Ask Me 3 health literacy program. Plans call for MinuteClinic, a subsidiary of CVS Caremark Corp.

CVS mulls options amid dispute over Mullany hiring

CVS mulls options amid dispute over Mullany hiring

It appears increasingly unlikely that former Walmart executive Hank Mullany will join CVS/pharmacy. In the wake of a decision by a Delaware judge to prevent, at least temporarily, Mullany from becoming president of the drug chain, sources close to parent company CVS Caremark Corp.

NACDS Foundation to make biggest-ever grant to Rx residencies

The National Association of Chain Drug Stores Foundation plans to contribute $1.5 million in grants to expand the availability of community pharmacy residency programs (CPRPs) for pharmacy graduates, which it said is the single-largest grant ever dedicated to community pharmacy residencies.

Rite Aid trims loss in third quarter

Rite Aid trims loss in third quarter

Despite declined revenue, Rite Aid Corp. narrowed its loss for its fiscal 2011 third quarter and came in ahead of Wall Street’s forecast. The drug store chain said Thursday that for the 13-week third quarter ended Nov. 27, sales fell 2.4% to $6.2 billion from $6.4 billion a year earlier. The

1 in 6 Americans bought prescription drugs online without Rx

An estimated 36 million Americans, or one in six people, have purchased prescription drugs online without a doctor’s prescription, according to research presented by The Partnership at Drugfree.org and funded by the Alliance for Safe Online Pharmacies (ASOP). The Partnership at Drugfree.

NACDS, NCPA drop Medicaid AMP lawsuit

NACDS, NCPA drop Medicaid AMP lawsuit

The National Association of Chain Drug Stores and the National Community Pharmacists Association are dropping their 2007 lawsuit that has blocked the implementation of the so-called "AMP rule" by the Centers for Medicare & Medicaid Services (CMS).