In face of Amazon, Rx needs to stay course
Amazon’s long anticipated, much ballyhooed entry into the retail pharmacy sector has finally taken place.
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CVS sales, earnings top Wall Street estimates
Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.
Grace Ray named CEO of Milani Cosmetics
Grace Ray has been named chief executive officer of Milani Cosmetics, effective July 31. She succeeds Michelle Taylor, who will become the company chairman.
CHPA issues statement on OTC eligibility in FSA/HSA accounts
The Consumer Healthcare Products Association (CHPA) issued the following statement regarding OTC Eligibility in FSA/HSA Accounts: “CHPA congratulates Representatives Lynn Jenkins (R, Kan.), Ron Kind (D, Wis.), and Grace Meng (D, N.Y.) on the House of Representatives’ passage of H.R.
CVS makes statement on Ohio Department of Medicaid’s report on PBM performance
CVS Health has issued the following statement regarding Ohio Department of Medicaid’s report on PBM performance for managed care plans: “CVS Health is pleased that a report issued today that was commissioned by the Ohio Department of Medicaid (ODM) on pharmacy benefit manager (PBM) performance for t
Tech facilitates high-volume Rx management
As the future of community and independent pharmacy becomes increasingly unpredictable, many pharmacies are utilizing automation to position themselves for success. According to research from the BBC, the global market for pharmacy automation held a value of $3.
The 2018 NACDS Annual Meeting
The National Association of Chain Drug Stores Annual Meeting in Palm Beach, Fla., drew retailers and suppliers for four days of discussions about chain drug industry issues.
Albertsons, Rite Aid unveil merger’s strategies and synergies
Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies.
Digital health consumers recasting the market
As of 2017, 45% of the global population was using the internet, and it is projected that 76% will have access by 2030, according to Euromonitor International. With more connectivity, a new type of connected consumer is rising: the digital health consumer.
Rexall to shutter 40 stores
McKesson Canada’s Rexall chain is closing 40 outlets in Ontario and Western Canada, nearly one-tenth of its total store base, according to a memo sent to company employees. The closings come about a year and a half after San Francisco-based McKesson Corp. finalized the purchase of Rexall Health.
CVS releases 11th annual CSR Report
CVS Health today released its 11th annual Corporate Social Responsibility (CSR) Report, detailing its latest efforts to shape the future of health care, reduce environmental impact and exemplify corporate leadership in fulfilling the company’s purpose of helping people on their path to better healt
Atlanta again tops Red Nose Day fundraising
Atlanta is again the top market for Walgreens’ Red Nose Day fundraising activity. The retailer’s eight-week fundraising challenge features 10 U.S.
Bayer raising colorectal cancer awareness
Bayer today announced another year of its partnership with patient advocacy organizations Colorectal Cancer Alliance and Fight Colorectal Cancer .
Panzer hails mentorship and collaboration
In his first remarks as chairman of the National Association of Chain Drug Stores, Mark Panzer thanked those who have taught and collaborated with him throughout his 46-year retail career.
NACDS names new officers, board members
PALM BEACH, Fla. – The National Association of Chain Drug Stores has elected new officers, and executive committee and board members for the coming year. The appointments were announced at the NACDS Annual Meeting.
CVS unveils kidney care, home dialysis initiative
CVS Health announced a new initiative focused on early identification of kidney disease and home dialysis for individuals with chronic kidney disease.