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Week of Mon, May 3rd, 2010

Injunction halts pharmacy payment cuts in Calif.

A federal court this week handed down an injunction to stop two new reductions on payments to pharmacies in California's Medi-Cal program, according to the California Pharmacists Association (CPhA).

NACDS Marketplace serves up new business opportunities

The National Association of Chain Drug Stores reported that over 100 first-time exhibitors will showcase their offerings at the 2010 NACDS Marketplace Conference, which kicks off next month in San Diego.

CVS, Walgreens provide aid to flood victims

CVS Caremark Corp. and Walgreen Co. have stepped up with donations and/or supplies to assist relief efforts for the devastating floods that hit several southeastern states.

Sales surge, earnings slip in 1Q at drugstore.com

Drugstore.com tallied a double-digit increase in revenue for its fiscal 2010 first quarter, but earnings took a hit in part due to acquisition costs.

Drugstore.com taps BioScrip as pharmacy partner

Drugstore.com plans to sell its pharmacy business to BioScrip Inc., which then will become the pharmacy services provider for the online retailer's customers.

Report flags domain providers for 'rogue' Internet pharmacies

A report by Internet compliance firms LegitScript and KnujOn has identified five Internet firms providing domain name registration services to so-called "rogue" Internet pharmacies that display fake pharmacy licenses or sell prescription drugs without a prescription.

CVS medical officer: Retail clinics have 'come of age'

With health care reform set to boost the number of patients, in-store clinics can play a pivotal role by providing a convenient and affordable outlet for services, according to CVS Caremark Corp. chief medical officer Troy Brennan.

Walgreens gets April sales lift from Duane Reade

Helped by the recently acquired Duane Reade stores, Walgreen Co. reported a healthy sales increase for April, although same-store sales dipped in the month.

Jaeger resigns from GPhA

Kathleen Jaeger, president and chief executive officer of the Generic Pharmaceutical Association (GPhA), plans to leave the generic drug industry trade group next month.

NACDS names state government affairs chief

Sandra Guckian has been appointed vice president of state government affairs at the National Association of Chain Drug Stores.

CVS Caremark turns in 1Q sales, earnings gains

Despite the impact of a weak flu season and bad weather that curtailed consumer spending, revenue and earnings edged up in the fiscal 2010 first quarter at CVS Caremark Corp.

Walgreens hires chief medical officer

Walgreen Co. has named Cheryl Pegus as chief medical officer, which the company said is a newly created position.

Beauty.com offers designer gift with purchase

Drugstore.com beauty portal Beauty.com a limited-edition gift from designer Lela Rose for shoppers who spend $100.

Stater Bros. pharmacies provide free prenatal vitamins

Stater Bros. Super Rx Pharmacy this month will offer prenatal vitamins free to expectant mothers.

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