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Injunction halts pharmacy payment cuts in Calif.

Injunction halts pharmacy payment cuts in Calif.

A federal court this week handed down an injunction to stop two new reductions on payments to pharmacies in California’s Medi-Cal program, according to the California Pharmacists Association (CPhA). The association said Judge Christina Snyder of the U.S.

Sales surge, earnings slip in 1Q at drugstore.com

Drugstore.com tallied a double-digit increase in revenue for its fiscal 2010 first quarter, but earnings took a hit in part due to acquisition costs. The online retailer late Wednesday said sales for the first quarter ended April 4 jumped 20% to $118.3 million from $98.

Drugstore.com taps BioScrip as pharmacy partner

Drugstore.com plans to sell its pharmacy business to BioScrip Inc., which then will become the pharmacy services provider for the online retailer’s customers. Under the agreement, announced late Wednesday, drugstore.com will sell its DS Pharmacy assets to BioScrip Pharmacy Services for $10.

Jaeger resigns from GPhA

Jaeger resigns from GPhA

Kathleen Jaeger, president and chief executive officer of the Generic Pharmaceutical Association (GPhA), plans to leave the generic drug industry trade group next month. GPhA chairman Paul Bisaro stated Tuesday that Jaeger’s resignation will be effective June 30.

Walgreens gets April sales lift from Duane Reade

Walgreens gets April sales lift from Duane Reade

Helped by the recently acquired Duane Reade stores, Walgreen Co. reported a healthy sales increase for April, although same-store sales dipped in the month. The drug store chain said Wednesday that April sales totaled $5.68 billion, up 5.9% from $5.36 billion a year earlier.

NACDS names state government affairs chief

Sandra Guckian has been appointed vice president of state government affairs at the National Association of Chain Drug Stores. Guckian’s appointment is effective immediately, NACDS said. Previously, she served as vice president and deputy director of state government affairs.

CVS Caremark turns in 1Q sales, earnings gains

Despite the impact of a weak flu season and bad weather that curtailed consumer spending, revenue and earnings edged up in the fiscal 2010 first quarter at CVS Caremark Corp. The drug store chain and pharmacy benefit manager said Tuesday that total sales for the quarter ended March 31 were $23.

Walgreens hires chief medical officer

Walgreen Co. has named Cheryl Pegus as chief medical officer, which the company said is a newly created position. Pegus, 46, comes to Walgreens from SymCare Personalized Health Solutions, where she served as general manager and chief medical officer, the drug store chain said Tuesday.