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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

CVS brings deeper insight to Rx decision making

CVS brings deeper insight to Rx decision making

WOONSOCKET, R.I. — CVS Health has adopted the Epic Healthy Planet population health and analytics platform to gain insights on dispensing patterns and medication adherence behavior. CVS said Monday that Epic’s software will aid prescription decision making for patients and their care teams — including doctors, pharmacists and health insurers — by giving prescribers more

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

Pfizer mulls possible sale of consumer health unit

Pfizer mulls possible sale of consumer health unit

NEW YORK — Pfizer Inc. is assessing strategic options for its Pfizer Consumer Healthcare subsidiary, including a potential sale. The pharmaceutical giant said this week that it’s considering “a full or partial separation of the Consumer Healthcare business from Pfizer through a spin-off, sale or other transaction.” However, the company noted that it may decided

Walmart eyes bigger piece of online sales pie

Walmart eyes bigger piece of online sales pie

BENTONVILLE, Ark. — Walmart expects that its U.S. online sales will grow 40% in its next fiscal year, which starts on Feb. 1. That forecast came ahead of the annual Walmart analysts meeting on Tuesday, during which the company announced plans to redesign its website, double its number of online grocery pickup locations (currently 1,000)

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

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

Kermit Crawford named Rite Aid president, COO

Kermit Crawford named Rite Aid president, COO

CAMP HILL, Pa. — Former Walgreen Co. pharmacy chief Kermit Crawford is joining Rite Aid Corp. as president and chief operating officer. Rite Aid said Thursday that Crawford is slated to start in the post on Oct. 5 and report to chairman and chief executive officer John Standley. Most recently at Walgreens, Crawford was a

Jean Coutu in talks to be acquired by Metro

Jean Coutu in talks to be acquired by Metro

MONTREAL — The Jean Coutu Group is in advanced negotiations for a potential acquisition by food and drug retailer Metro Inc. Jean Coutu and Metro confirmed the discussions noontime on Wednesday after the Investment Industry Regulatory Organization of Canada (IIROC) said in the morning that trading of shares for both companies had been halted. Under

Most of all, today’s beauty shoppers want value

Most of all, today’s beauty shoppers want value

NEW YORK — The secret weapon in the battle for the $62 billion that U.S. customers spend on beauty care and cosmetics just might be something mass retailers had all along — steep values. While drug, discount and supermarket chains have burnished their image in beauty with illumination, upgraded products and elevated service, it turns

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