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Inside This Issue - News

Call to action heard at NACDS Annual Meeting

If George W. Bush, who offered insights about his years as president to a standing-room-only crowd during the final business session at the National Association of Chain Drug Stores Annual Meeting here last month, can rightly be called the event’s headliner, the substantive remarks about the business at hand, community pharmacy, were provided by the leaders of NACDS.

As market shifts, Wasson assesses Walgreens’ position

During the National Association of Chain Drug Stores Annual Meeting here last month, Greg Wasson, the organization’s new chairman, exuded a sense of confidence despite the considerable challenges faced by the industry.

Merlo: CVS Caremark firing on all cylinders

CVS Caremark Corp. is right where it needs to be to thrive in today’s increasingly complex health care market, president and chief executive officer Larry Merlo said at the company’s annual shareholders meeting here.

Rx loses round in PBM lawsuit

Pharmacy advocates are pressing ahead with a lawsuit to stop the merger of Express Scripts Inc. and Medco Health Solutions Inc. despite a judge’s refusal to grant a preliminary injunction freezing the transaction.

Pharmacists in Ontario face cuts

The Ontario government is consulting with pharmacy industry stakeholders on achieving $55 million (Canadian) in savings in drug spending, according to the Canadian Association of Chain Drug Stores (CACDS).

Work on Rite Aid refinancing progresses

Rite Aid Corp. has added to a debt offering initiated earlier this year, drawing a favorable response from credit rating agencies.

Pharmasave’s Paish moves on

Sue Paish will end her five-year stint as head of Pharmasave Drugs when she leaves the company later this month to become chief executive officer at the laboratory testing services provider LifeLabs Inc.

Jean Coutu reduces its stake in Rite Aid

The Jean Coutu Group has sold 56 million shares of Rite Aid Corp., reducing its interest in Rite Aid’s outstanding common shares to 19.85%.

CACDS designates McKinnon interim CEO

The Canadian Association of Chain Drug Stores (CACDS) is searching for a new leader.

Slone joins Walgreens as senior VP

Reuben Slone has been selected senior vice president of supply chain management at Walgreen Co.

NACDS honors Katz’s Giancamilli and Unilever’s Brown

Andy Giancamilli and Jerry Brown have been recognized with the chain pharmacy industry’s highest honors.

PCMA ad targets pharmacies

The Pharmaceutical Care Management Association (PCMA) has gone on the offensive against community pharmacies, running an advertisement here earlier this month that accuses drug stores of overcharging patients.