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Week of Mon, Apr 25th, 2011

NACDS to meld three shows in Total Store Expo

Larry Merlo, president and chief executive officer of CVS Caremark Corp. and current chairman of the National Association of Chain Drug Stores, made a dramatic announcement at this year’s NACDS Annual Meeting regarding the association’s meetings and conferences agenda.

Pharmacy groups applaud TRICARE bill

The National Association of Chain Drug Stores and National Community Pharmacists Association are hailing a congressional bill that would prohibit hikes in retail pharmacy co-payments under TRICARE, the health benefits program for the nation's armed forces.

CVS aids in Alabama tornado disaster relief efforts

CVS Caremark Corp. is providing disaster relief to Alabama communities ravaged by tornadoes earlier this week.

Drugstore.com posts 1Q loss despite robust sales

Sales grew by double digits in the first quarter at drugstore.com, but costs related to the online retailer's acquisition by Walgreen Co. contributed to a net loss in the period.

Jean Coutu Group turns in year-end gains

Jean Coutu Group and its franchised drug store network closed out fiscal 2011 on the upside in sales, and the company's earnings exceeded analysts' forecast.

Pharmacy mobile app launched by Navarro

Navarro Discount Pharmacy is extending the reach of its prescription drug services with Navarro RX App, a free pharmacy mobile application.

CVS Caremark to wrap up Universal American deal

CVS Caremark Corp. is set to close its acquisition of the Medicare Part D business of Universal American, a leading Medicare prescription drug plan sponsor.

Walgreens to buy Carle RxExpress pharmacies

Walgreen Co. plans to acquire Carle RxExpress pharmacies from The Carle Foundation, a health care system in central Illinois.

Shoppers Drug Mart gains in 1Q; new chairman named

Robust front-end sales growth helped lift first-quarter revenue at Shoppers Drug Mart Corp. despite a dip in pharmacy business. Also, the Canadian drug store chain has named a new chairman and announced changes in its board of directors.

Same-store sales edge up at Rite Aid

Rite Aid Corp. saw its same-store sales climb back on the upside in April.

Report: Retail clinic market expands despite hurdles

Though facing some challenges, the market for retail health clinics has grown overall and is poised to become a "durable part" of the nation's health care system, according to a new report by health care market researcher Kalorama Information.

Working group aims to spur e-prescribing in Canada

Canada Health Infoway has formed a working group of clinicians to help further the adoption of electronic prescribing.

Hastert, Rove to keynote at NACDS Annual Meeting

Three high-profile speakers headline the National Association of Chain Drug Stores' agenda at the 2011 NACDS Annual Meeting, which kicks off this weekend in Scottsdale. Ariz.

MinuteClinic adds vitamin B-12, HPV shots

MinuteClinic has expanded its menu of services to include vitamin B-12 injections and the human papillomavirus virus (HPV) vaccination Gardasil.

Walgreens tallies results of Rx disposal program

Walgreen Co. said its customers have helped keep more than 15,000 pounds of unused or expired medications out of landfills through its Safe Medication Disposal Program.

APhA: Pharmacist OTC guidance carries weight

When the pharmacist talks, drug store customers seeking over-the-counter product advice listen, a survey by the American Pharmacists Association (APhA) finds.

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