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Smith Drug taps Diplomat for specialty Rx services
SPARTANBURG, S.C. — Smith Drug Co. is providing independent pharmacies access to specialty pharmacy services under a new partnership with Diplomat Pharmacy Inc. Brian Purscell Smith Drug said Friday...
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Walmart aims to be ‘front door’ of U.S. health care
BENTONVILLE, Ark. — George Riedl is on a mission to make Walmart consumers’ first choice for pharmacy, health and wellness. “Competing against the company for so many years, I’d always respected...
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McKesson, Walmart expand Rx distribution pact
SAN FRANCISCO and BENTONVILLE, Ark. — McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and...
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FDA works to speed generic drug approvals
WASHINGTON — Amid calls for a quicker approval process, the Food and Drug Administration last year cleared for market the most generic drug products in its history. The FDA said it approved or issued...
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FDA pushes back generic drug labeling rule
WASHINGTON — The Food and Drug Administration is again postponing the release of a final rule that would change generic drug labeling requirements. In a Federal Register notice this week, the FDA...
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CVS Pharmacy to offer digital-only receipt option
WOONSOCKET, R.I. — CVS Pharmacy president Helena Foulkes appeared on ABC-TV’s “Jimmy Kimmel Live” to announce that the drug chain is taking action on one of the talk show host’s pet peeves: long paper...
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Neighbourhood Pharmacies CEO Carpenter exits
TORONTO — Denise Carpenter, president and chief executive officer of the Neighbourhood Pharmacy Association of Canada, has left the organization. Denise Carpenter Neighbourhood Pharmacies said late...
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WBA makes $6 billion debt offering
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has announced a $6 billion debt offering to help finance its $17.2 billion deal to acquire Rite Aid Corp. WBA said late Thursday that it expects...
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CVS Pharmacy sharpens focus on diabetes care
WOONSOCKET, R.I. — CVS Pharmacy will serve as the exclusive drug store for “Partner in Healthy Living,” a new diabetes care initiative of CVS Health and the American Diabetes Association. CVS said...
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Rite Aid opens first new DC in 16 years
SPARTANBURG, S.C. — Rite Aid Corp. has opened a new distribution center here, the company’s first new distribution center in 16 years. The 900,000-square-foot Spartanburg distribution center sits on...
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AmerisourceBergen shapes health care delivery
AmerisourceBergen CEO Steve Collis: “I think we’re setting new standards in our Walgreens partnership.” CHESTERBROOK, Pa. — AmerisourceBergen Corp. has done much to redefine the role of the...
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CVS, MinuteClinic openings proceed at Target
WOONSOCKET, R.I. — CVS Health continues to move forward with conversion projects from its acquisition of Target Corp.’s pharmacy and retail clinic business. CVS this week opened the first CVS Pharmacy...
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WBA names Gourlay, Barra co-COOs
Alex Gourlay (left) and Ornella Barra (right) “will be instrumental in driving the operations of our company,” CEO Stefano Pessina said. DEERFIELD, Ill. — Top Walgreens Boots Alliance (WBA) executives...
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Walgreens ends relationship with Theranos
DEERFIELD, Ill. — Walgreens is terminating its relationship with Theranos Inc. and closing operations at all 40 Theranos Wellness Centers at its stores in Arizona. Walgreens said Sunday evening that...
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Rite Aid buys HealthSpot telehealth assets
CAMP HILL, Pa. — Rite Aid Corp. is purchasing the assets and intellectual property of bankrupt telehealth kiosk provider HealthSpot. A Rite Aid spokeswoman confirmed Tuesday that the company won an...
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Rite Aid turns in net loss for first quarter
CAMP HILL, Pa. — Rite Aid Corp. cited pressure in pharmacy reimbursement as it reported a net loss and fell short of Wall Street’s earnings forecast for its fiscal 2017 first quarter. Meanwhile,...
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CVS steps up rollout of better-for-you foods
Enhanced assortments and displays of fresh foods were part of a front-end pilot that CVS launched last year. WOONSOCKET, R.I. — CVS Pharmacy is ramping up its offering of healthier foods and beverages...
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CVS Pharmacy makes Colorado debut in Target
WOONSOCKET, R.I. — CVS Pharmacy has set foot in Colorado, opening its first locations in the state inside Target Corp. stores. CVS Health said CVS pharmacies have opened at 39 Target stores in the...
View ArticleWalgreens enhances its paperless coupons
DEERFIELD, Ill. — Walgreens customers can now redeem paperless coupons from the retailer and manufacturers for online purchases, as well as in-store purchases. Additionally, offers can now be “clipped”...
View ArticleCourt rejects Visa, MasterCard settlement
NEW YORK — An appeals court ruling has struck down the 2012 settlement of a class-action lawsuit over credit card swipe fees imposed by Visa and MasterCard. The settlement had been opposed by a...
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