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July 29, 2014

TOP STORY

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.

In its second-quarter report to shareholders, parent Loblaw Companies Ltd. noted that its acquisition of the drug chain provides increased scale and improved competitive positioning with the Canadian consumer, plus opportunities for significant synergies.

 

RETAIL NEWS BREAKS

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.

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.

Walmart names new U.S. chief

A change at the top of Walmart U.S. is under way. Walmart announced that Greg Foran has been promoted to president and chief executive officer of its domestic operations, succeeding Bill Simon, who will be leaving the company.

Cardinal Health kicks off RBC annual pharmacy event

Nearly 8,000 attendees — including pharmacy owners, pharmacists, pharmacy technicians and other pharmacy industry professionals — are converging on Washington, D.C., this week for Cardinal Health Inc.'s annual Retail Business Conference (RBC).

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

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.

Sandoz files for FDA approval via new biosimilar pathway

The Food and Drug Administration has accepted Sandoz's Biologics License Application for filgrastim, which was filed under the new biosimilar pathway created in the Biologics Price Competition and Innovation Act of 2009.

More Supplier News Breaks >>
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