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LEADING HEADLINES

Police probe suspicious death of Apotex founder

Police probe suspicious death of Apotex founder

TORONTO — Police are investigating the deaths of Barry Sherman, the founder of Apotex Inc., and his wife Honey, whose bodies were found at their North York, Ontario, home on Friday. As of Sunday, autopsies on Sherman and his wife were pending, published reports said.

Merlo discusses potential of CVS-Aetna merger

Merlo discusses potential of CVS-Aetna merger

NEW YORK — Acquiring Aetna Inc. will better position CVS Health to improve health outcomes and bring affordable health care to more Americans, CVS president and chief executive officer Larry Merlo told National Public Radio (NPR). The addition of a health insurer like Aetna will

Lovell Drugs signs supply deal for medicinal cannabis

Lovell Drugs signs supply deal for medicinal cannabis

TORONTO — Canada’s Lovell Drugs has entered into a definitive agreement with Maricann Group Inc. to be the exclusive supplier of medicinal cannabis to its pharmacies. Maricann said that Lovell has begun dispensing medical marijuana to its patients, registering and filling its first medicinal cannabis

Target to buy Shipt for $550 million

Target to buy Shipt for $550 million

MINNEAPOLIS — Target Corp. has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash. Target said Wednesday that it will use Shipt’s proprietary technology platform and community of shoppers, along with its store network, to quickly and efficiently bring same-day

Diplomat hires former BioScrip, CVS exec for PBM

Diplomat hires former BioScrip, CVS exec for PBM

FLINT, Mich. — Diplomat Pharmacy Inc. has hired former CVS Caremark executive Chris Luthin as executive vice president of finance for pharmacy benefit management and integration. Diplomat said Luthin will oversee the integration process for two PBM acquisitions announced in November: National Pharmaceutical Services and LDI

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RETAIL NEWS

Rite Aid donations help wildfire victims, kids charities

CAMP HILL, Pa. — The Rite Aid Foundation this week announced donations to aid the wildfire relief effort in Southern California and help children through its KidCents program. A $100,000 donation is being made to the American Red Cross to help the victims, families and

Jeff Leger named Shoppers Drug Mart president

TORONTO — Jeff Leger has been named president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Loblaw confirmed Leger’s appointment on Tuesday. He previously served as executive vice president of pharmacy and health

Walgreens, NewYork-Presbyterian offer telemedicine services

NEW YORK, N.Y. and DEERFIELD, Ill. – NewYork-Presbyterian and Walgreens are partnering to bring convenient access to NewYork-Presbyterian’s world-class care through new telemedicine services, now available through Walgreens digital properties and at self-service kiosks at select Duane Reade drugstores in New York. NewYork-Presbyterian, New York’s

How a move by Amazon could impact retail Rx

NEW YORK — While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen. For its part, Fung

Senators grill HHS nominee Alex Azar on cutting drug costs

WASHINGTON — Alex Azar, a former pharmaceutical executive named by President Trump to be the next Health and Human Services secretary, told senators at a full committee nomination hearing that making prescription drugs more affordable would be one of his top priorities. “Drug prices are

SUPPLIER NEWS

Amneal to release Kenalog-40 generic

BRIDGEWATER, N.J. — Amneal Biosciences is set to roll out triamcinolone acetonide injectable suspension 40 mg/ml, a steriod used to treat inflammation. Amneal said its triamcinolone acetonide product will be the only AP-rated generic equivalent injectable suspension available, with just the Kenalog-40 brand from Bristol-Myers

PhRMA takes aim at opioid abuse, misuse

WASHINGTON —  The Pharmaceutical Research and Manufacturers of America (PhRMA) has launched a multiyear, multimillion-dollar initiative to help tackle the opioid abuse epidemic. PhRMA said this week that the effort includes a partnership with the Addiction Policy Forum to fund state and local programs, plus

American Greetings debuts Wacky Wonderland cards

CLEVELAND — American Greetings is looking to get some laughs this holiday season. The greeting card maker this week introduced American Greetings Wacky Wonderland Christmas cards, which the company said are designed to shake up the holiday with irreverent humor. Wacky Wonderland Christmas cards feature

Innovation outfits HealthWarehouse with PharmASSIST

JOHNSON CITY, N.Y. — Online pharmacy HealthWarehouse.com plans to implement Innovation’s PharmASSIST Quick Start high-volume technology for its online/mail order pharmacy in Florence, Ky. Innovation said Wednesday that HealthWarehouse.com’s custom Quick Start system includes the PharmASSIST RDS robotic dispensing technology with Model 4 dispensers, which

HDA study gauges specialty drug market

ARLINGTON, Va. — In the specialty pharmaceutical arena, products in the autoimmune/immune and ophthalmology categories stand to grow in importance over the next 12 months, followed by oncology, central nervous system and inflammatory drugs, according to the HDA Research Foundation. Oncology still represents for the