Teva to buy Allergan Generics for $40.5 billion

Teva to buy Allergan Generics for $40.5 billion

JERUSALEM — Teva Pharmaceutical Industries Ltd. plans to buy Allergan’s generic drug business for about $40.5 billion and, with the deal, has withdrawn its proposal to acquire Mylan N.V. for approximately $40 billion. Teva said Monday that Dublin, Ireland-based Allergan will receive $33.75 billion in

NACDS: Total Store Expo exhibit space sold out

NACDS: Total Store Expo exhibit space sold out

ARLINGTON, Va. — Exhibit space for the 2015 NACDS Total Store Expo has sold out, a month before the annual chain drug industry event kicks off in Denver. The National Association of Chain Drug Stores said Friday that although the exhibit floor space is filled,

Cardinal Health honors community Rx innovation

Cardinal Health honors community Rx innovation

LAS VEGAS — Cardinal Health Inc. recognized the patient care and performance achievements of three community pharmacies at its Retail Business Conference (RBC) event this week in Las Vegas. Cardinal on Friday said that Medicine Shoppe Pharmacy in Whiting, N.J.; Katterman’s Pharmacy in Seattle; and

Pharmaca taps Diplomat as specialty pharmacy partner

Pharmaca taps Diplomat as specialty pharmacy partner

FLINT, Mich. — Diplomat Pharmacy Inc. has entered an agreement to provide specialty pharmacy care services to Pharmaca Integrative Pharmacy. Diplomat said late Thursday that the partnership will enable Pharmaca to offer patients immediate access to specialty pharmacy services as well as leverage Diplomat’s extensive

Sales edge up in 2Q at Shoppers Drug Mart

Sales edge up in 2Q at Shoppers Drug Mart

BRAMPTON, Ontario — Shoppers Drug Mart saw revenue and same-store sales climb in the fiscal 2015 second quarter at parent Loblaw Cos. Loblaw said Thursday that for the 12 weeks ended June 20, Shoppers Drug Mart’s sales totaled $2.689 billion, up 3.1% from $2.476 billion



Study: Canadians not taking their meds

OTTAWA — Many Canadians fail to take their medications as prescribed and, in some instances, are not filling their prescriptions, according to a national survey from the Canadian Pharmacists Association (CPhA). Thirty percent of Canadians reported that they have stopped taking medication before advised to

Benzer Pharmacy readies new store openings

TAMPA, Fla. — Benzer Pharmacy is extending its reach in Florida with plans to open six new stores across the Tampa Bay area. The independent retail pharmacy chain said Monday that the new stores will be located in Carrollwood, Brandon, Pinellas Park, New Port Richey,

NCPA turns spotlight on underpayment for generics

ALEXANDRIA, Va. — The National Community Pharmacists Association said it has compiled evidence that underscores the need for federal sunshine legislation to provide more insight into below-cost reimbursements from pharmacy benefit managers that don’t keep pace with rising market costs for generic drugs. NCPA said

Stop & Shop, Acme to buy A&P stores

NEW YORK — Stop & Shop Supermarket Co. LLC and Acme Markets have agreed to buy stores from A&P, which earlier today announced it was filing for Chapter 11 bankruptcy protection and plans to sell off stores. Stop & Shop, part of Ahold USA, said

Cardinal Health set to kick off Retail Business Conference

LAS VEGAS — Cardinal Health Inc. expects to draw more than 8,000 attendees from across the globe at its Retail Business Conference (RBC) annual community pharmacy event, which kicks off this week in Las Vegas. The company said Monday that this year marks the 25th


Performance Health launches Atomic Heat

AKRON, Ohio — Performance Health LLC has expanded its roster of topical analgesic, rehabilitation and wellness products with Perform Atomic Heat, a new topical formula for warming the body before physical activity and relieving muscle, joint and arthritis pain. Also on Friday, the company —

TCGRx rolls out ATP 2 tablet packaging system

POWERS LAKE, Wis. — Pharmacy automation provider TCGRx has released the ATP 2, a next-generation automated tablet packaging system. TCGRx said the ATP 2, announced Thursday at the Cardinal Retail Business Conference (RBC) in Las Vegas, enables pharmacies to run leaner than ever before by

Lupin to acquire Gavis Pharmaceuticals

MUMBAI, India — Lupin Ltd. plans to buy Gavis Pharmaceuticals LLC and Novel Laboratories Inc. in an $880 million deal. Lupin said Thursday that the acquisition will boost its scale in the U.S. generic drug market and broadens its pipeline in dermatology, controlled-substance products, and

Markwins names Rogers as Physicians Formula president

CITY OF INDUSTRY, Calif. — Jeff Rogers has been appointed as president of the Physicians Formula Group at Markwins International Corp. Rogers takes over from Ingrid Jackel, who left the company to join natural beauty care manufacturer Yes To Inc. as chief executive officer. Markwins

Coalition formed to safeguard access to OTC pain relievers

WASHINGTON — A group of drug- and health-related companies and organizations have formed the Protecting Access to Pain Relief Coalition (PAPR), which seeks to preserve Americans’ access to and choice of safe, effective pain relief best-suited for their condition. Announced Wednesday, the PAPR Coalition includes

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