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Retail News Breaks Archives

Week of   

Week of Mon, Jun 21st, 2010

Pharmacists: Rx technician certification cuts medication errors

Eighty-one percent of pharmacists see pharmacy technician certification as a critical component in reducing medication errors, ensuring patient safety and improving health outcomes, a survey sponsored by the Pharmacy Technician Certification Board (PTCB) finds.

Chain Drug Consortium, NCPA unveil new partnership

The Chain Drug Consortium (CDC) and National Community Pharmacists Association (NCPA) are stepping up their collaboration to better leverage the strengths of each organization to more effectively advance the interests of community pharmacists and their patients.

Connecticut, CVS Caremark at odds over Rx discount program

Connecticut's attorney general has begun an investigation of CVS Caremark Corp. over a disagreement about extending a consumer discount drug program offered by the company to the state's Medicaid program.

Martindale named Rite Aid's COO

With John Standley taking the reins as chief executive officer, Rite Aid Corp. has promoted Ken Martindale to chief operating officer.

Wasson: Walgreens' core strategies are on target

In spite of a disappointing third quarter, Walgreen Co. chief executive officer Greg Wasson said the company remains on track with its core strategies — notably its Customer-Centric Retailing (CCR) store optimization initiative.

Canadian pharmacies join new e-prescription network

More than a dozen pharmacy banners are participating in the Ontario and Quebec launch of ZoomMed Inc.'s e-Pic Communication Network, which along with the company's ZRx Prescriber application lets doctors send electronic prescriptions from smart wireless devices.

Standley takes helm as new Rite Aid CEO

Before the end of the day, Rite Aid Corp. will get a new chief executive officer: John Standley.

Rite Aid posts smaller loss in 1Q

Rite Aid Corp. saw sales dip in its fiscal 2011 first quarter but recorded a smaller year-over-year loss and topped Wall Street's earnings forecast.

GPhA names interim executive team

The Generic Pharmaceutical Association (GPhA) has formed an interim executive team to lead the organization until it appoints a new chief executive officer to replace Kathleen Jaeger, who is due to step down from the post later this month.

Walmart, Lilly partner to provide 'affordable' insulin

Walmart and drug maker Eli Lilly & Co. are teaming up to provide what they call an "affordable insulin option" for people with diabetes.

Walgreens sees drop in 3Q earnings

Despite an uptick in sales, Walgreen Co. saw its fiscal 2010 third-quarter earnings drop due in part to special charges and the loss of a key tax benefit.

NCPA backs call for GAO study of Medicaid cost of dispensing

A proposal for a study of the factors that influence a pharmacy's cost of dispensing a Medicaid prescription may be included in an amendment to legislation pending before the Senate, the National Community Pharmacists Association reported.