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February 08, 2012

TOP STORY

CVS ups guidance due to Walgreens PBM scrap

Fourth-quarter revenue at CVS Caremark surged by double digits, lifted by a major pharmacy benefit management contract, and management raised its first-quarter earnings guidance to reflect potential sales gains from the dispute between Walgreens and Express Scripts.

Total sales also grew by double digits for the full year, while adjusted earnings per share for the fourth quarter and the year were in line with financial analysts' projections.

 

NEWS BREAKS

Kinney Drugs makes merchandising staff changes

Kinney Drugs Inc. has promoted a pair of managers and shifted the roles and duties of other staff as part of a strategic realignment of its merchandising department.

Lawmakers go to bat for pharmacist-led MTM

Reps. Mike Ross (D., Ala.) and Cathy McMorris Rodgers (R., Wash.) have called on fellow members of the House of Representatives to support their legislation to enhance the accessibility of pharmacist-administered medication therapy management (MTM) services.

Duane Reade's 40 Wall Street store honored for design

Duane Reade's flagship store at 40 Wall Street in Manhattan took first place in the convenience store/pharmacy category at the Retail Design Institute's 41st annual international awards program.

Regional Chain Conference: NACDS leaders sound call to action

With some critical issues at hand for community pharmacy, leaders of the National Association of Chain Drug Stores are calling on industry members to speak up for the profession by participating NACDS RxIMPACT Day on Capitol Hill, its annual grassroots public policy initiative.

Pharmacy groups hail senator's letter on PBM merger

The National Association of Chain Drug Stores and the National Community Pharmacists Association commended Sen. Herb Kohl (D., Wis.) for highlighting concerns about the planned merger of pharmacy benefit managers Express Scripts Inc. and Medco Health Solutions Inc.

Rite Aid serves up pertussis vaccinations

Responding to a rise in the number of whooping cough cases across the country, Rite Aid Corp. is alerting consumers that the pertussis vaccine is available at most of its drug stores.

Target unveils pharmacy model for Canada

Target Corp. has unveiled its pharmacy strategy for its planned Canadian stores.

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SUPPLIER NEWS

Maybelline unveils Fashion Week sponsorships

Maybelline New York has announced its lineup of sponsorships and initiatives for Mercedes-Benz Fashion Week in New York.

Zoom Eyeworks names logistics exec

Eyewear designer and marketer Zoom Eyeworks Inc. has appointed Harry Cameau as senior director of logistics and operations.

Red Carpet Manicure lands Grammy gig

Red Carpet Manicure LLC said its Red Carpet Manicure at-home gel manicure system will be showcased at the Grammy Awards gift lounge in Los Angeles later this week.

Mylan gets tentative approval for Lipitor generic

The U.S. Food and Drug Administration has granted Mylan Inc. tentative approval for atorvastatin calcium tablets, a generic version of Pfizer Inc.'s blockbuster Lipitor cholesterol-lowering medication.

Zicam maker Matrixx appoints Arnett as CEO

Personal health care products veteran M'lou Arnett has joined Matrixx Initiatives Inc., maker of the Zicam cold, sinus and allergy remedy line, as chief executive officer.

Prestige Brands closes purchase of 15 GSK brands

Prestige Brands Holdings Inc. said it has completed its purchase of 15 of the 17 over-the-counter medicine brands that it agreed to acquire from GlaxoSmithKline (GSK).

Schick Xtreme3 debuts eco-friendly razor

Schick has introduced the Xtreme3 Eco, which it said is the first disposable razor to use 100% recycled plastic in the production of its handle and 100% post-consumer paper in its packaging.

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