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LEADING HEADLINES

Diplomat works to control specialty drug costs

Diplomat works to control specialty drug costs

FLINT, Mich. — Biosimilars, generic drugs and affordable branded drugs are top-of-mind at Diplomat Pharmacy Inc. this year as the specialty pharmacy looks to help health plans and patients rein in costs. According to Diplomat president Joel Saban, the surging market for expensive specialty drugs

Shoppers Drug Mart has strong fiscal 2017 finish

Shoppers Drug Mart has strong fiscal 2017 finish

BRAMPTON, Ontario — Shoppers Drug Mart outperformed overall retail sales growth for parent Loblaw Cos. in the 2017 fourth quarter and fiscal year. Loblaw said Thursday that for the fourth quarter ended Dec. 30, Shoppers Drug Mart posted revenue of $3.17 billion (Canadian), up 3.8%

Amazon tiptoes into OTC market with Basic Care line

Amazon tiptoes into OTC market with Basic Care line

 Amazon.com has made an own-brand foray into the over-the-counter health products market. Published reports said Amazon has quietly introduced a line of OTCs under the Basic Care brand, including items provided by Ireland-based store-brand and generic drug maker Perrigo plc, whose Good Sense private-label

Store-brand sales surge in mass retail arena

Store-brand sales surge in mass retail arena

NEW YORK — Store-brand sales growth in the mass retail channel approached 10% last year, according to new Nielsen data reported by the Private Label Manufacturers Association (PLMA). In 2017, private-label dollar sales at mass merchant, warehouse club and dollar stores totaled $54.9 billion, up

WBA, Express Scripts boost group purchasing relationship

WBA, Express Scripts boost group purchasing relationship

ST. LOUIS and DEERFIELD, Ill. — Express Scripts Holding Co. and Walgreens Boots Alliance (WBA) are expanding their group purchasing efforts to include the procurement of specialty branded drugs. The companies said late Tuesday that their work will be supported by ValoremRx Specialty Solutions LLC, which will

RETAIL NEWS

Fruth Pharmacy set to hold annual Baby Face Event

POINT PLEASANT, W.Va. — To help raise money for local baby charities, Fruth Pharmacy plans to hold its 3rd Annual Baby Face Event on March 24. At the Fruth Pharmacy Baby Face Event, the retailer will be looking for four babies to be the “baby

Albertsons-Rite Aid to create wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review. The Albertsons-Rite

Walmart closes out fiscal 2018 on strong note

BENTONVLLE, Ark. — Walmart saw sales rise for its 2018 fourth quarter and fiscal year, fueled by gains across its key divisions as well as robust e-commerce growth. Walmart on Tuesday reported $136.3 billion in revenue in its fourth quarter, an increase of 4.1% from

CVS, Walmart make list of 50 Most Innovative Companies

NEW YORK — CVS Health and Walmart have been named to the 2018 Fast Company 50 Most Innovative Companies list. On this year’s 50 Most Innovative Companies listing, CVS finished in the top 10, coming in at No. 7 for “cleaning up the aisles,” Fast

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83

SUPPLIER NEWS

Lupin cleared to market generic Tamiflu suspension

BALTIMORE — Lupin Pharmaceuticals Inc., the U.S. arm of India-based Lupin Ltd., has received Food and Drug Administration approval for oseltamivir phosphate oral suspension 6 mg (base)/ml, a flu medication. Lupin said its oseltamivir oral suspension product, set to roll out soon, is a generic version of Tamiflu oral suspension (6 mg/ml)

Mission Pharmacal sells OTC health products to MainPointe

SAN ANTONIO — Mission Pharmacal Co. has sold a half-dozen over-the-counter health products under the Dr. Smith’s and Thera-Gesic brands to MainPointe Pharmaceuticals LLC. With the divestitures, Mission also licensed the marketing rights for five other OTC health products to Louisville, Ky.-based Mainpointe. The products

Galderma adds to Differin acne product line

FORT WORTH, Texas — Galderma Laboratories has expanded its lineup of acne solutions with the introduction of Differin Daily Deep Cleanser and Differin Oil Control Moisturizer with SPF 30. The Nestlé Skin Health brand said Tuesday that both facial skin care products are rolling out to major

Coty plans Digital Accelerator Summit for tech start-ups

NEW YORK — Following up last year’s launch of its Digital Accelerator program, Coty Inc. has unveiled a new initiative for technology start-ups. The Coty Quarterly Digital Accelerator Summit, to be held next month, will provide tech start-ups an opportunity to share their latest innovations

Presley to succeed Grimwood as Nestlé USA CEO

ARLINGTON, Va. — Steve Presley has been named to succeed Paul Grimwood as market head and chief executive officer of Nestlé USA. Plans call for Presley, now chief finance and strategic transformation officer, to take the helm as Nestlé USA CEO on April 1. Grimwood will transition from his current role