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July 30, 2014

TOP STORY

McKesson, CVS Caremark extend distribution pact

McKesson Corp. and CVS Caremark Corp. have extended their distribution agreement by three years.

CVS Caremark is McKesson's largest customer. The two companies had renewed their distribution agreement in 2013. Earlier this year, McKesson also announced an expanded relationship with another key drug chain customer, Rite Aid Corp.

 

RETAIL NEWS BREAKS

House weighs prescription drug abuse bill

The House of Representatives is set to vote on a bipartisan bill that the National Association of Chain Drug Stores and the National Community Pharmacists Association say will provide a collaborative approach in thwarting prescription drug abuse.

Sobeys earns victory in legal challenge on pharmacy rewards

Canadian food and drug retailer Sobeys Inc. has prevailed in a legal challenge to enable British Columbians to once again collect reward points on pharmacy purchases.

Cardinal Health spotlights 'best practices' pharmacies

Three innovative community pharmacies were named as winners of the Independent Pharmacy Best Practices Competition at Cardinal Health Inc.'s Retail Business Conference (RBC).

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.

Rite Aid appoints successor to retiring CFO

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

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.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Zim's introduces cold sore kit

Perfecta Products Inc. has expanded its line of Zim's topical skin care, lip care and pain relief products with the debut of Zim's Advanced Cold Sore kit.

Upsher-Smith releases Galaxy antiepileptic drugs

Upsher-Smith Laboratories Inc. has launched Upsher-Smith Galaxy, a new suite of antiepileptic drugs (AEDs) designed to provide people with epilepsy with consistent, affordable and accessible therapies.

ScriptPro, TCGRx to integrate pharmacy automation technology

Pharmacy technology providers ScriptPro and TCGRx have become exclusive partners under a new distribution and co-marketing agreement.

InPharmacy Jobs teams up with Pharmacist eLink, NCPA

InPharmacy Jobs, a provider of job search and online recruitment services for the pharmacy industry, has unveiled a new partnership with Pharmacist eLink, powered by the National Community Pharmacists Association.

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.

More Supplier News Breaks >>
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