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Scott Gottlieb takes reins as FDA commissioner
WASHINGTON — Dr. Scott Gottlieb has been sworn in as the new commissioner of the Food and Drug Administration. Gottlieb, nominated as FDA commissioner by President Donald Trump in March, took the helm...
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CVS Pharmacy sharpens focus on skin health
WOONSOCKET, R.I. — CVS Pharmacy has kicked off Long Live Skin, an in-store and multimedia campaign to promote sun protection and skin health. CVS said Monday that Long Live Skin starts with a focus on...
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Rx patients hit with higher out-of-pocket costs
YONKERS, N.Y. — Of Americans who regularly take a prescription drug, 25% say they now pay more out of pocket than they did 12 months ago for at least one of those medications, a new survey by Consumer...
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Lawmakers push for action on drug costs
WASHINGTON — Sens. John McCain (R., Ariz.) and Tammy Baldwin (D., Wis.) and Rep. Jan Schakowsky (D., Ill.) this week reintroduced the Fair Accountability and Innovative Research (FAIR) Drug Pricing...
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Sephora, Ulta turn up the heat in beauty care
NEW YORK — Sephora and Ulta Beauty have altered the beauty care landscape, siphoning off customers from both department and mass stores. And both specialty retailers show no signs of slowing down —...
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McKesson leverages scale to deliver value
SAN FRANCISCO — Members of McKesson Corp.’s senior management know what it takes to be a major player in the global health care marketplace, and they are moving decisively to ensure that going forward...
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CVS Pharmacy opens first Colorado store
CVS Pharmacy held a ribbon-cutting event for the grand opening of its first store in Colorado. WOONSOCKET, R.I. — CVS Pharmacy has opened its first store in Colorado, and more locations in the state...
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Albertsons acquires MedCart Specialty Pharmacy
BOISE, Idaho — Albertsons Cos. has acquired MedCart Specialty Pharmacy, a Livonia, Mich.-based provider of pharmacy services for people with complex diseases. Financial terms of the agreement weren’t...
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Fred’s sees same-store sales uptick for May
MEMPHIS, Tenn. — Fred’s Pharmacy saw same-store sales edge up in May, though store closings led to a year-over-year revenue decline for the month. Fred’s said Thursday that sales for the four weeks...
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CVS Pharmacy acquires Doc’s Drugs
WOONSOCKET, R.I. — CVS Pharmacy plans to buy Doc’s Drugs, a chain of 14 drug stores in Illinois. Financial terms of the acquisition weren’t disclosed. CVS said all of the Doc’s stores will be...
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Rite Aid execs: Merger approval not guaranteed
NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal...
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CVS Health, Cigna take new approach to care
WOONSOCKET, R.I., and BLOOMFIELD, Conn. — CVS Health and Cigna say they’re ushering in a new health care and drug coverage model with the launch of Cigna Health Works, which joins Cigna-administered...
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Walmart Wellness Day to get more days
BENTONVILLE, Ark. — This year, Walmart is extending the reach of Walmart Wellness Day, billed as the “largest health fair in America.” On June 17, Walmart plans to offer free health screenings —...
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Generic drugs see low abandonment rate
WASHINGTON — Prescription abandonment is sharply higher for branded drugs than generic drugs, a new annual report commissioned by the Association for Accessible Medicines (AAM) found. AAM said Monday...
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Fred’s boosts funding for Rite Aid store purchase
MEMPHIS, Tenn. — Fred’s Pharmacy has procured $550 million in additional funding for its deal to buy up to 1,200 Rite Aid stores in connection with the Walgreens-Rite Aid merger. In an 8-K filing with...
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Amazon to acquire Whole Foods Market
SEATTLE — Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, including debt, in the biggest deal ever for the e-tailer as it continues to encroach on the grocery sector. Amazon...
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AmerisourceBergen revamps operating model
VALLEY FORGE, Pa. — AmerisourceBergen Corp. said it has reorganized its operating model and leadership to meet customer needs “in a more seamless and unified way.” The pharmaceutical distributor...
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Senate health care bill set for release
WASHINGTON — Senate Republicans today received a comprehensive briefing on the G.O.P. leadership’s proposed replacement for Obamacare. Senate Majority Leader Mitch McConnell Senate Majority Leader...
View ArticleWalgreens app attracts 55+ demographic
DEERFIELD, Ill. — The Walgreens app is driving more than twice the adoption rate of industry averages among adults age 55 and older, the company said yesterday. The app, already one of the most popular...
View ArticleWalgreens to launch lab testing at selected stores
DEERFIELD, Ill. and BURLINGTON, N.C. — Walgreen Co. is collaborating with LabCorp to have the latter develop and operate patient service centers within selected Walgreens stores. The centers, which...
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