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The profit pool for U.S. prescription drugs is shrinking

For the past few years, the United States has been wrestling with the cost of health care. Our system is shifting toward outcomes-based payment models, and falling reimbursements are encouraging efficiency. As the industry seeks and implements lower-cost models, health care profitability is under pressure throughout the prescription drug value chain. To shed light on

CBD’s place in the chain drug merchandise mix

Two thousand eighteen may be remembered in retail marketing history as the year discussing CBD moved from Bon-naroo to the board room.  Extensive media coverage; legalization of all forms of cannabis in Canada and parts of the U.S.; a tsunami of benefit claims; a flood of new CBD products across a broad spectrum of categories;

A retailer at heart should lead Rite Aid

A new phase in Rite Aid’s two-decade-long quest to fully recover from the criminal financial irregularities that pushed it to the brink of bankruptcy in the late 1990s began last month with top-level management changes and an organizational realignment designed to, in the words of Bruce Bodaken, chairman of the drug chain’s board of directors,

Mile High Labs raises $65mm to purchase mountains of hemp

BOULDER, Colo. — Mile High Labs, the largest extractor of CBD in the world, achieved another historic financing event with the close of a $65mm term loan facility, one of the largest non-dilutive capital raises in the sector to date. The financing comes on the heels of the largest Series A equity raise in cannabis market

Williams appointed CEO at PepsiCo Foods North America

PURCHASE, N.Y. — PepsiCo Friday announced that Steven Williams, currently senior vice president and chief commercial officer for Frito-Lay’s U.S. operations, has been appointed to the role of chief executive officer of PepsiCo Foods North America (PFNA), which includes Frito-Lay North America (FLNA) and Quaker Foods North America (QFNA), effective immediately.  Williams replaces Vivek Sankaran who will

House introduces legislation to bolster consumer health savings

WASHINGTON — The Consumer Healthcare Products Association (CHPA) applauds the introduction of the Restoring Access to Medication Act. The bipartisan legislation would reinstate consumers’ ability to purchase over-the-counter (O-T-C) medicines with tax-preferred savings accounts, including Flexible Spending Arrangements (FSAs) and Health Savings Accounts (HSAs). The legislation, authored by Representatives Ron Kind (D, Wis.), Grace Meng (D, N.Y.),

Irwin Naturals appoints Tim Toll CEO

LOS ANGELES— Earlier this year, Klee Irwin, owner and founder of Irwin Naturals, named Timothy Toll chief executive officer. This move comes at a time of rapid growth for Irwin Naturals, a leading health and wellness company with a long history of providing its customers with quality and affordable health supplements spearheaded by its flagship brand of all-liquid

Washington, Michigan and Wisconsin see more flu activity

Washington, Michigan and Wisconsin see more flu activity

DEERFIELD, Ill.— Washington, Michigan and Wisconsin were the lead states in Walgreens Flu Index for week ending March 16, 2019. The Walgreens Flu Index is a weekly report developed to provide state- and market-specific information regarding flu activity, and ranks those states and markets experiencing the highest incidences of influenza across the country. Now in its

Theraworx Relief getting high marks for pain relief

Theraworx Relief getting high marks for pain relief

ASHEVILLE, N.C. — One of the fastest-growing brands in the pain management category has been Avadim Health Inc.’s popular topical solution for spasms and cramps, Theraworx. Ralph Lombardo, Avadim Health’s senior vice president of sales and marketing, notes that the brand has been well received since it was launched nationwide in 2017. “Theraworx Relief Foam

CURE Pharmaceutical to manufacture pharmaceuticals using whole cannabis plant

CURE Pharmaceutical to manufacture pharmaceuticals using whole cannabis plant

OXNARD, Calif. – CURE Pharmaceutical Tuesday announced it has broadened its U.S. Drug Enforcement Administration (DEA) license as an authorized manufacturer of Schedule 1 substances to include both cannabis plant extracts and synthetic cannabidiol (CBD). This license allows CURE to take advantage of its latest U.S. Patent No. 10,238,705 issuing this month for the extraction and purification of

IRI Growth Summit: “Powering the path forward”

IRI Growth Summit: “Powering the path forward”

DENVER —IRI‘s 2019 Growth Summit kicked off Monday at the new Gaylord Rockies Resort and Convention Center in Denver, Colo. with a record attendance of approximately 1,600 participants expected during the three-day event. The Chicago-based market research firm’s 16th annual IRI Growth Summit, runs from March 11 to 13 features visionaries and leaders from the

Tom’s of Maine unveils 9 new natural products for 2019

Tom’s of Maine unveils 9 new natural products for 2019

KENNEBUNK, Maine — Tom’s of Maine recently debuted nine new natural care offerings in the oral care and personal hygiene space. Matt Smith, associate marketing director at Tom’s of Maine, said the new additions are part of the company’s new brand campaign called Wake Up Well, which helps shoppers understand that natural care can be

Rite Aid rolls out prescription drug safety program in Ohio schools

Rite Aid rolls out prescription drug safety program in Ohio schools

CAMP HILL, Pa. — In an effort to help address adolescent drug abuse and misuse in Ohio, The Rite Aid Foundation is bringing the Prescription Drug Safety program, an innovative digital course about prescription drug abuse prevention, to Akron-area high schools. The program, developed by EVERFI, the nation’s leading education technology innovator used in one

Breakthrough Psoriasis treatment looks to bring top results to skin care market

Breakthrough Psoriasis treatment looks to bring top results to skin care market

FORT WORTH — After five years of design, two years in development, and now shipping thousands of units to customers, breakthrough psoriasis treatment Prosoria is poised to make its mark in the over-the-counter skin care market. According to Art Clapp, president and chief executive officer of Prosoria manufacturer Nuvothera, Inc., over 85% of psoriasis patients wish they had better, longer lasting