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May 20, 2012
Financial worries have many consumers reducing spending, yet pharmacy is one area where they're not looking to cut back, according to a survey by Empathica Inc.
Its Consumer Insights Panel poll of more than 6,500 U.S. shoppers revealed that consumers aims to pare expenses across nearly every discretionary spending category. Yet staples such as gas, pharmacy and grocery aren't seeing declines versus a year ago.
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Telepharmacy is enabling pharmacies to reach more patients with their services, improve medication safety and ease staffing shortages at many rural health care and emergency facilities nationwide, according to the Pharmacy Technican Certification Board (PTCB). This summer Target Corp. aims to open Target Clinics in two new states as part of a plan to add 10 more clinic locations by the fall. Community pharmacies are at the forefront of the nation's health care delivery system and play a pivotal role in mitigating medical costs and improving health outcomes, the National Association of Chain Drug Stores told a Senate committee. Walmart has announced that it will be one of the first pharmacy retailers to offer clopidogrel, the generic version of the blockbuster anti-blood clotting medication Plavix. CVS Caremark Corp. estimated that its pharmacy benefit management (PBM) clients saved nearly $2.4 billion last year because of improved medication adherence for chronic conditions. London Drugs is deploying Apple iPads to all of its stores to bring customers product information on the spot to aid their buying decisions. Rite Aid Corp. has closed an offering of $421 million in senior notes due in 2020 as part of a debt refinancing initiated earlier this month.
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The Food and Drug Administration has approved generic versions of Plavix (clopidogrel bisulfate), a blood-thinning drug, from nine pharmaceutical manufacturers. Frito-Lay North America has begun a multiyear initiative to validate many of its snack products as gluten-free, with package labeling to follow. Adam Kmiec has been appointed director of digital marketing and social media at Campbell Soup Co. This month Coty Inc. is rolling out Nautica Aqua Rush, targeted at the "adventurous" man. Pernix Therapeutics Holdings Inc. has introduced the Omeclamox-Pak, the first product in its gastroenterology portfolio. CutisPharma Inc. recently presented studies that attest to the reliability of its Magic Mouthwash prescription compounding kits. David Fishman has joined Majestic Drug Co. as vice president.
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