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Retail News Breaks Archives McNeil Consumer Healthcare is recalling certain lots of Children's and Infants' Tylenol liquid products made over a year ago. CVS Caremark Corp. this week opened its 7,000th drug store, in Little Canada, Minn. With a busy flu season looming, Walgreen Co. is preparing to compound Tamiflu capsules because of a short supply of the oral suspension for children. In a win for drug chains, New Jersey plans to step up its pharmacy reimbursement rate, according to the National Association of Chain Drug Stores. Rite Aid Corp. posted a smaller loss for its fiscal 2010 second quarter amid a slight decline in total revenue and same-store sales. Rite Aid Corp. has promoted a pair of senior executives: Robert Thompson to executive vice president of pharmacy and Bill Wolfe to senior vice president of managed care and government affairs. David Vucurevich, a former pharmaceutical purchasing executive at Rite Aid Corp., is joining generic drug manufacturer Prasco Laboratories. Over a dozen members of the National Association of Chain Drug Stores board are meeting with congressional lawmakers to highlight pharmacy's key role in controlling health care costs and improving service quality and access. As a deadline for planned Medicaid cuts nears, a coalition of pharmacy industry groups is urging congressional leaders to delay the reductions and modify the formula for reimbursing pharmacies that dispense generic drugs to Medicaid recipients. Many patients go without their prescribed medications because of slow or ineffective service by mail-order pharmacies, according to a poll by the National Community Pharmacists Association.
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