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Retail News Breaks Archives

Week of   

Week of Mon, Jun 7th, 2010

LegitScript to Rx sellers: Stick with FDA-approved

Internet pharmacy verifier LegitScript has sent a letter to leading pharmacy retailers and pharmaceutical distributors to stress the importance of only supplying prescription drugs approved by the Food and Drug Administration.

'Major victory' for pharmacy in South Carolina

South Carolina has signed into law a budget bill with a provision that fortifies pharmacy reimbursement for Medicaid prescriptions, which the National Association of Chain Drug Stores hailed as a "major victory" for pharmacies and their patients.

CVS to launch free health checks in D.C. area

As part of its "To Your Health" community wellness program, CVS/pharmacy plans to begin offering free health screenings in the Washington, D.C., area this weekend.

Cardinal Health to buy Healthcare Solutions Holding

In a move to expand its specialty pharmaceutical services, Cardinal Health Inc. has agreed to acquire Healthcare Solutions Holding LLC in a $517 million cash deal.

Take Care to run work-site pharmacy at submarine builder

Walgreen Co.'s Take Care Health Systems subsidiary is managing a work-site pharmacy opened at General Dynamics Electric Boat, a maker of submarines for the U.S. Navy.

Former Duane Reade CEO Cuti convicted of fraud

Anthony Cuti, former chief executive officer of metropolitan New York drug chain Duane Reade, has been convicted in federal court of securities fraud and other charges, according to published reports.

CVS Caremark to cut Walgreens from PBM network

CVS Caremark Corp. plans to terminate Walgreen Co.'s participation in its pharmacy benefit management unit's retail network in 30 days.

Pharmacy groups call on Senate to extend FMAP hike

Five pharmacy associations are urging Congress to extend the temporary increase in the federal medical assistance percentage (FMAP), which provides funding for state Medicaid and other health programs.

NABP: Microsoft, Yahoo require accreditation for online Rx ads

The National Association of Boards of Pharmacy has lauded Microsoft and Yahoo for their new policies requiring Web sites selling prescription drugs to be accredited through NABP's Verified Internet Pharmacy Practice Sites (VIPPS) program.

NACDS, NCPA hail Mississippi's reversal of Medicaid cut

The National Association of Chain Drug Stores and the National Community Pharmacists Association have praised a decision by the Mississippi Division of Medicaid to forgo proposed reimbursements cuts for pharmacy and other health care providers.

Ontario goes ahead with Rx reform plan

Operators of drug stores in Ontario had their hopes dashed this week when the provincial government opted to proceed with a health reform plan that stands to halve prescription drug reimbursement for pharmacies.

HDMA, Specialty & Biotech Distributors Association to merge

The Healthcare Distribution Management Association (HDMA) and the Specialty & Biotech Distributors Association (SBDA) plan to integrate associations and operations.

NCPA: Lawmakers urged CMS to enforce 'prompt pay'

The National Community Pharmacists Association praised two Congressmen for calling on the Centers for Medicare and Medicaid Services (CMS) to force Medicare prescription drug plans to comply with a "prompt pay" provision in legislation effective at the start of this year.

CVS Caremark 'surprised' by Walgreens' PBM move

CVS Caremark Corp. expressed disappointment with Walgreen Co.'s announcement that it won't be a part of CVS Caremark's pharmacy benefit management network going forward.

Pennsylvania law to spur pharmacist-doctor teamwork

A new law in Pennsylvania will foster more teamwork between pharmacists and doctors on behalf of patients, according to the National Association of Chain Drug Stores.

Walgreens severs its pharmacy relationship with CVS Caremark PBM

Walgreen Co. no longer plans to participate in any new and renewed prescription drug plans awarded to the pharmacy benefit management business of CVS Caremark Corp.