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October 02, 2014

TOP STORY

Walgreens meets 4Q, full-year earnings estimates

Adjusted earnings at Walgreen Co. were in line with Wall Street's forecast for the fiscal 2014 fourth quarter and full year, with the drug chain seeing robust sales gains in both periods.

For the fourth quarter, however, Walgreens reported a GAAP net loss because of a large noncash charge from its decision to proceed with its purchase of the remaining interest in Alliance Boots GmbH earlier than planned.

 

RETAIL NEWS BREAKS

Walgreens, Duane Reade offer Western Union kiosks

Walgreens and Duane Reade drug stores nationwide are providing international and domestic money transfer services through a new stage-and-pay kiosk model from Western Union.

CVS Health extends kudos to its pharmacists

CVS Health is saying thanks to its 26,000 pharmacists during October's American Pharmacists Month for their dedication to serving patients in the company's retail pharmacies, mail service pharmacies and specialty pharmacies nationwide.

Express Scripts: Walgreens is preferred Part D pharmacy

Express Scripts announced that Walgreen Co. is participating as a preferred pharmacy provider in its two nationally available Medicare Part D prescription drug plans (PDPs) for 2015.

Rite Aid enables video voting for favorite pharmacists

For American Pharmacists Month in October, Rite Aid Corp. has added video voting for its national Vote for Your Favorite Pharmacy Team Member Contest.

HDMA elects Scherr as new board chairman

Ted Scherr, president and chief executive officer of pharmaceutical and health care products wholesaler Dakota Drug Inc., has been elected as chairman of the Healthcare Distribution Management Association (HDMA).

Council of Ontario College of Pharmacists elects president

The Council of the Ontario College of Pharmacists (OCP) has elected Mark Scanlon as president and Esmail Merani as vice president for the 2014-15 council year.

Viewpoint: CVS changes retail health care game

In a year crammed with major news stories, cataclysmic personnel shifts and stunning new strategies and directions, the No. 1 retailing story of 2014 increasingly appears to be the CVS decision to stop selling tobacco products in its 7,700 drug stores.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Vita Coco fields pro athletes in new marketing campaign

Vita Coco has enlisted a roster of professional athletes to serve as brand spokesmen in its new "Drafted by Nature" national marketing campaign.

Ranbaxy releases more dosages for Absorica acne drug

Ranbaxy Laboratories Inc. has launched 25-mg and 35-mg capsules for Absorica (isotretinoin), an acne medication, in the U.S. market.

Salutron unveils LifeTrak R450 wearable life tracker

Salutron Inc., a maker of heart rate monitoring devices and biosensing wearables, has introduced a new line of life trackers to its portfolio, starting with the LifeTrak Brite R450.

Johnson & Johnson to acquire Alios BioPharma

Johnson & Johnson plans to buy Alios BioPharma Inc., a clinical-stage biopharmaceutical company focused on developing therapies for viral diseases, for $1.75 billion in cash.

Sprite Cranberry makes a return

By popular demand, Sprite has brought back its Sprite Cranberry and Sprite Cranberry Zero flavors as it heads into the holiday season.

Perrigo to buy women's health assets from Lumara

Perrigo Co. plc plans to acquire the women's health care business of Lumara Health Inc.

Coty CEO Scannavini resigns

Michele Scannavini has stepped down as Coty Inc. chief executive officer and resigned from the company's board of directors.

More Supplier News Breaks >>
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