Walmart, Lilly partner to provide ‘affordable’ insulin
Walmart and drug maker Eli Lilly & Co. are teaming up to provide what they call an "affordable insulin option" for people with diabetes.
Retail News
Walgreens sees drop in 3Q earnings
Despite an uptick in sales, Walgreen Co. saw its fiscal 2010 third-quarter earnings drop due in part to special charges and the loss of a key tax benefit. The drug store chain said Tuesday that net earnings for the quarter ended May 31 totaled $463 million, or 47 cents per diluted share,
NCPA backs call for GAO study of Medicaid cost of dispensing
A proposal for a study of the factors that influence a pharmacy’s cost of dispensing a Medicaid prescription may be included in an amendment to legislation pending before the Senate, the National Community Pharmacists Association reported.
Kinney promotes financial exec, hires retail director
Kinney Drugs has promoted Michael Burgess to vice president of financial planning and treasury services and hired Duckwall-ALCO executive Jim Spencer as director of retail operations.
FDA issues alert on fraudulent Tamiflu
The Food and Drug Administration is warning consumers about a potentially harmful product represented as "Generic Tamiflu" that’s sold on the Internet. There’s no FDA-approved generic drug for the prescription product Tamiflu, the agency reported Thursday.
Walgreens, CVS Caremark settle PBM dispute
Ending what had been shaping up to be a standoff, Walgreen Co. and CVS Caremark Corp. have reached an agreement in which Walgreens will continue as a provider in the Caremark pharmacy benefit management retail network for current, new and renewal plans. The two drug store chain rivals announced
Lawmakers: Rx unfairly targeted for DME costs
Two members of Congress have asked the Centers for Medicare and Medicaid Services (CMS) to stop aggressive efforts by Medicare Part B durable medical equipment (DME) contractors to recoup costs from pharmacies, according to the National Community Pharmacists Association.
Kerr Health’s Chater to head state pharmacy board
Rebecca Chater, executive vice president of Kerr Health, has been elected as president of the North Carolina Board of Pharmacy. Chater will serve as president of the board for the 2010-11 term, according to Kerr Health.
CDMA partners with e-learning provider
The Chain Drug Marketing Association has teamed up with LearnSomething Inc. on a program to provide an online alternative to off-site or internal training.
Walgreens gets more mobile with Rx text alerts
Walgreen Co. has stepped up access for on-the-go customers with a relaunched mobile Web site and iPhone application plus prescription text alerts and other new capabilities for text messaging and smart phone users.
Bartell continues anniversary celebration with new contest
As part of its 120th anniversary celebration marketing, Bartell Drugs has launched the "Magical History Tour," a contest focusing on fun facts about Washington’s Puget Sound. The drug store chain said Monday that it developed the contest in collaboration with HistoryLink.
Loblaw changes dispensing fees at nofrills pharmacies
Loblaw Cos. has changed the usual and customary dispensing fees for drug products to one common fee at all of its nofrills banner store pharmacies in Ontario.
CVS Caremark to buy back up to $2B in stock
CVS Caremark Corp. has initiated a new share repurchase program for up to $2 billion of its outstanding common stock. The drug store chain and pharmacy benefit manager said Monday that the share repurchase authorization expires at the end of 2011.
LegitScript to Rx sellers: Stick with FDA-approved
Internet pharmacy verifier LegitScript has sent a letter to leading pharmacy retailers and pharmaceutical distributors to stress the importance of only supplying prescription drugs approved by the Food and Drug Administration.
‘Major victory’ for pharmacy in South Carolina
South Carolina has signed into law a budget bill with a provision that fortifies pharmacy reimbursement for Medicaid prescriptions, which the National Association of Chain Drug Stores hailed as a "major victory" for pharmacies and their patients.
CVS to launch free health checks in D.C. area
As part of its "To Your Health" community wellness program, CVS/pharmacy plans to begin offering free health screenings in the Washington, D.C., area this weekend.