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July 28, 2014


Rite Aid appoints successor to retiring CFO

Frank Vitrano

Rite Aid Corp. has named a new chief financial officer to succeed Frank Vitrano, who plans to retire next year.

The drug chain has hired Darren Karst as executive vice president and CFO, effective later next month. He previously served as executive vice president and CFO at Midwestern grocer Roundy's Inc.

Vitrano has played a key role in helping turn around Rite Aid, which in recent years has been transformed from a financially struggling drug chain to an industry leader in retail pharmacy and health care.



Dollar Tree to acquire Family Dollar Stores

Dollar Tree Inc. and Family Dollar Stores Inc. have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar for cash and stock valued at approximately $8.5 billion.

Sales, scripts edge up in 2Q at Shoppers Drug Mart

Shoppers Drug Mart saw an uptick in revenue for the 2014 second quarter, posting gains in front-end and pharmacy sales as well as prescription count.

Walgreens pharmacy president Crawford to retire

Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., plans to retire at the end of the year to pursue new opportunities.

Walmart names new U.S. chief

A change at the top of Walmart U.S. is under way. Walmart announced that Greg Foran has been promoted to president and chief executive officer of its domestic operations, succeeding Bill Simon, who will be leaving the company.

Cardinal Health kicks off RBC annual pharmacy event

Nearly 8,000 attendees — including pharmacy owners, pharmacists, pharmacy technicians and other pharmacy industry professionals — are converging on Washington, D.C., this week for Cardinal Health Inc.'s annual Retail Business Conference (RBC).

Georgia pharmacist tabbed for congressional run

State Sen. Buddy Carter, a Georgia community pharmacist, has won a runoff election to become the Republican nominee in the state's 1st Congressional District.

Former Kerr Drug executive joins Ateb

Mark Gregory, former senior vice president of pharmacy operations at Kerr Drug, has joined Ateb Inc. as vice president of health care solutions.

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Flonase allergy nasal spray set to go OTC

GlaxoSmithKline's Flonase Allergy Relief nasal spray is slated to go over the counter starting next year.

FDA gives OK to Purdue Pharma's Targiniq ER

The Food and Drug Administration has approved Purdue Pharma's Targiniq ER, an opioid painkiller with abuse-deterrent properties.

Pharmavite promotes Toll to chief executive

Timothy Toll has been appointed chief executive officer at Pharmavite LLC.

Sandoz files for FDA approval via new biosimilar pathway

The Food and Drug Administration has accepted Sandoz's Biologics License Application for filgrastim, which was filed under the new biosimilar pathway created in the Biologics Price Competition and Innovation Act of 2009.

Camber appoints sales and marketing executives

Camber Pharmaceuticals has hired two new executives in key sales and marketing positions.

Kirby Lester KL1Plus brings trackable double-count

Kirby Lester announced that its KL1Plus medication dispensing device now includes streamlined functionality to perform a trackable double-count for any prescription coming out of a vial-filling robot.

Sanofi Pasteur starts shipment of seasonal flu vaccines

Sanofi Pasteur has released the first lots of its Fluzone influenza vaccine for the 2014-15 flu season to the Food and Drug Administration for distribution.

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