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LEADING HEADLINES

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

Teva, Greenstone roll out Viagra generics in U.S.

Teva, Greenstone roll out Viagra generics in U.S.

NEW YORK — The first generic versions of Viagra, Pfizer Inc.’s blockbuster drug for erectile dysfunction, were launched this week in the United States by Teva Pharmaceutical Industries Ltd. and Greenstone LLC. Israel-based Teva said it’s offering sildenafil citrate tablets in dosages of 25 mg,

Walgreens, NewYork-Presbyterian offer telemedicine services

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

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RETAIL NEWS

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

Ahold Delhaize forms U.S. parent company

ZAANDAM, Netherlands — Ahold Delhaize is creating a parent company for its U.S. food and drug retail operations called Ahold Delhaize USA. The company said that, effective Jan. 1, Ahold Delhaize USA will oversee all of Ahold Delhaize’s U.S. companies, including its local store banners

AARP: Retail Rx price growth outpaces inflation

WASHINGTON — Retail prices for prescription drugs widely used by older Americans have risen more than 50 times faster than the inflation rate, an AARP analysis found. For 768 prescription drugs commonly used by older adults, retail prices surged an average of 6.4% in 2015,

WBA becomes stakeholder in PharMerica

LOUISVILLE, Ky. — Walgreens Boots Alliance (WBA) is now a stakeholder in national specialty pharmacy operator PharMerica Corp. PharMerica on Wednesday announced the close of its acquisition by global investment firm Kohlberg Kravis Roberts (KKR). Under the $1.4 billion deal, unveiled in early August, WBA

SUPPLIER NEWS

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

Eosera to offer Earwax MD at long-term care facilities

FORT WORTH, Texas – Eosera Inc. announced that it is now offering Earwax MD to nursing home facilities across the nation primarily through key partnerships. “Hearing loss is indeed common among the elderly, but it is also largely avoidable in many cases. Often, it is

Sanofi cleared to market Admelog mealtime insulin

PARIS — Sanofi has received Food and Drug Administration approval for Admelog, described as the first follow-on insulin lispro to help people with diabetes manage blood sugar levels at mealtime. Sanofi said Monday that Admelog (insulin lispro injection, 100 units/ml) will be available in both