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Senate hearing scrutinizes prescription drug costs

Senate hearing scrutinizes prescription drug costs

WASHINGTON — Pharmacy benefit managers are a key focus of debate about elevated drug pricing that has come before a U.S. Senate committee. The National Community Pharmacists Association (NCPA) and the Senior Care Pharmacy Coalition (SCPC) called for PBM reform in written testimony submitted to a Senate Health, Education, Labor and Pensions (HELP) Committee hearing

Ahold Delhaize U.S. brands to adopt IRI platform

Ahold Delhaize U.S. brands to adopt IRI platform

NEW YORK — Food and drug retailer Ahold Delhaize plans to implement IRI’s sales and supply chain analytics platform for its Ahold USA and Delhaize America brands. Under a long-term agreement announced Tuesday, IRI will leverage its IRI Liquid Data platform to provide integrated point-of-sale (POS), frequent shopper program and supply chain data for Delhaize

Jean Coutu Group tallies 2Q sales gains

Jean Coutu Group tallies 2Q sales gains

VARENNES, Quebec — Retail and corporate sales climbed at Jean Coutu Group in the fiscal 2018 second quarter, the first reporting period since its $4.5 billion (Canadian) deal to be acquired by Metro Inc. Net profit per share in the quarter ended Sept. 2 topped analysts’ consensus forecast but came in two cents less than

Crawford becomes president and COO at Rite Aid

Crawford becomes president and COO at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has landed a high-profile industry executive to help steer it through a transition phase into a much smaller company. Last week, former Walgreen Co. pharmacy chief Kermit Crawford joined Rite Aid as president and chief operating officer. Most recently at Walgreens, Crawford was a corporate executive vice president

WBA, Rite Aid look ahead after FTC acts

NEW YORK — Wall Street analysts say the fog around Walgreens Boots Alliance Inc. and Rite Aid Corp. is set to clear after a nearly two-year process that culminated in an unsuccessful merger and a deal to sell over 40% of Rite Aid’s stores to WBA. The Federal Trade Commission late last month approved a

SDM redesigns outlet store for seniors

SDM redesigns outlet store for seniors

TORONTO — Shoppers Drug Mart (SDM) is reshaping the shopping experience for seniors with a new format here. The Wellwise by Shoppers Drug Mart outlet caters to the needs of aging Canadians who don’t want an “old person’s store,” says SDM senior vice president of health care businesses Theresa Fire­stone. Shopping for the elderly “doesn’t

Rx rewards nixed by Alberta court

EDMONTON, Alberta — An Alberta court has rebuffed Sobeys Inc.’s efforts to quash an Alberta College of Pharmacists (ACP) ban on loyalty rewards for prescription drug purchases. The Alberta Court of Appeal overturned a decision against the proposed ban last year. In that ruling, the court found no evidence of actual or potential harm to

Pharmasave clinical trial targets diabetes

Pharmasave clinical trial targets diabetes

VANCOUVER, British Columbia — In line with efforts in Canada to expand pharmacists’ health care role, a number of Pharmasave stores in British Columbia are piloting a clinical program to help diabetes patients better manage their condition. The Canadian pharmacy cooperative said late Thursday that 13 Pharmasave locations in the province are participating in a

Drug chains contribute to Hurricane Maria relief

Drug chains contribute to Hurricane Maria relief

NEW YORK — Chain drug retailers have stepped forward with donations and other aid for relief efforts on Puerto Rico, which is still reeling from the infrastructural damage wrought by Hurricane Maria. Walgreens, CVS Pharmacy, Rite Aid and Discount Drug Mart are among the chains contributing funds and other assistance to the U.S. territory, where

WBA launches co-developed skin care brand

WBA launches co-developed skin care brand

NEW YORK — Walgreens Boots Alliance has begun rolling out YourGoodSkin, a skin care line it helped develop, to select Walgreens and on Walgreens.com. WBA said Wednesday that YourGoodSkin — co-created with scientists, dermatologists and a community of thousands of women — is formulated to help prevent skin problems before they occur. Headlining the 23-item

CVS simplifies patient Rxs with ScriptPath

CVS simplifies patient Rxs with ScriptPath

WOONSOCKET, R.I. — CVS Pharmacy aims to improve medication adherence with the rollout of ScriptPath, a new prescription management system for patients on multiple medicines. CVS on Wednesday launched the ScriptPath Prescription Schedule, which pulls all of a patient’s CVS prescription information onto one document and employs icons designating the time of day and dosage

AllianceRx Walgreens Prime brand makes debut

AllianceRx Walgreens Prime brand makes debut

ORLANDO, Fla. — Walgreens and Prime Therapeutics LLC have inaugurated AllianceRx Walgreens Prime, the brand for the joint central specialty pharmacy and mail services company they formed earlier this year. The companies said the AllianceRx Walgreens Prime launch included the unveiling of new signage at its headquarters in Orlando, Fla., and at other company-owned facilities

Metro, Jean Coutu strike deal to merge

Metro, Jean Coutu strike deal to merge

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The companies said Monday that Metro plans to acquire Jean Coutu Group for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.). Under the

Rite Aid posts mixed results in second quarter

Rite Aid posts mixed results in second quarter

CAMP HILL, Pa. — Rite Aid Corp. reported declined sales and adjusted earnings per share in line with Wall Street’s forecast for its fiscal 2018 second quarter. Rite Aid said Thursday that for the second quarter ended Sept. 2, revenue totaled $7.68 billion, down 4.4% from $8.03 billion a year earlier. Sales in retail pharmacy

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