Pharmaceutical supply chain and economics expert Adam Fein, CEO of the Drug Channels Institute, says specialty drugs continue to hoist pharmacy industry sales, according to his firm’s latest analysis. “We project that the pharmacy industry’s revenues will exceed $483 billion in 2020,” stated Fein, author of the 2016 Economic Report on Retail, Mail, and Specialty Pharmacies
The National Association of Chain Drug Stores is on top of it, says president and CEO Steve Anderson. Anderson is talking, of course, about the Centers for Medicare & Medicaid Services issuance last week of the final rule for Covered Outpatient Drugs, which augurs key changes for Medicaid pharmacy reimbursement for generic drugs based on
The National Association of Chain Drug Stores joined the chorus of tributes for Glenn Frey, the co-founder and singer/songwriter/guitarist for the hit rock band the Eagles, who died on Monday at age 67. In a blog post on Wednesday, NACDS noted that Frey performed at two of its conferences, in 1998 and 2007. NACDS senior
Rite Aid is embracing beacon technology in a big way to personalize the mobile shopping experience. The drug chain reportedly is updating its mobile app to work with proximity beacons deployed in all of its more than 4,500 stores, using the mobile shopper marketing platform of InMarket. According to reports by Geomarketing.com and ZDnet, the
Former Walgreens executive Joe Magnacca has moved on after an unsuccessful effort to breathe life into the struggling consumer electronics chain RadioShack. This week, Magnacca was announced as the new chief executive officer of Massage Envy, a Scottsdale, Ariz.-based therapeutic massage and skin care service franchisor with more than 1,100 locations in the United States.
On-demand Rx delivery company Zipdrug aims to help New Yorkers save a trip to the pharmacy after a visit at CityMD, a leading urgent care provider. The companies have formed a partnership that they said provides a “one-stop care experience.” Zipdrug is putting digital kiosks in CityMD locations, starting in Manhattan at CityMD’s Murray Hill location.
Pharmacists in Indiana are backing state legislation that would uphold over-the-counter access to medicines containing pseudoephedrine (PSE) while reining in illicit use of these products for methamphetamine production. Community Pharmacies of Indiana (CPI) is supporting Indiana Senate Bill 80 (SB80), also known as the Pharmacist Legitimization Bill. CPI said the measure aims to control the sale
