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Cardinal Health to acquire Cordis from J&J

DUBLIN, Ohio — Cardinal Health Inc. plans to acquire cardiology and endovascular device maker Cordis from Johnson & Johnson for $1.944 billion. Cardinal said Monday that the cash deal would significantly advance its offering of interventional cardiology and endovascular solutions for integrated health systems and their patients by giving the company immediate global scale in

Drug, mass retail execs make ’50 Most Powerful Women’ list

NEW YORK — Executives from Walmart, Sam’s Club, Rite Aid, Walgreens and Family Dollar Stores made Black Enterprise magazine’s “50 Most Powerful Women in Corporate America” list. Featured on the publication’s February 2015 cover, the list was culled from thousands of candidates across industries — including the finance, pharmaceutical and retail sectors — and the

BIOTA thinning-damaged hair care line rolling out to Walgreens

ST. LOUIS — BIOTA Botanicals has landed retail distribution of its Advanced Herbal Care line for thinning-damaged hair at Walgreens. National Sales Solutions (NSS), a consumer packaged goods sales, marketing and supply chain management firm, said Saturday that its client BIOTA is bringing its Advanced Herbal Care shampoos, conditioner and leave-in serum to the hair

Modest outlook for 2015 retail sales

Modest outlook for 2015 retail sales

Retailer chief financial officers are modestly optimistic about the retail industry’s sales growth prospects for 2015, according to accounting and professional services firm BDO USA LLP. The BDO Retail Compass Survey of CFOs, which polled 100 CFOs at leading retailers nationwide, forecasts a 3.9% gain in total retail sales and a 3.7%  increase in same-store

PBM addition key for Rite Aid

PBM addition key for Rite Aid

Rite Aid’s acquisition of PBM EnvisionRx was seen by industry observers as a big plus for the drug chain. Fitch Ratings called the deal “a positive move as it will enable the company to expand its distribution channels by getting a foothold in the specialty and mail-order channels.” “The acquisition is supported by Rite Aid’s improved

Total Store Expo social media push under way

ARLINGTON, Va. – The National Association of Chain Drug Stores said it has launched a major social media campaign for the 2015 NACDS Total Store Expo to support the event’s theme, “Make Connections Happen.” According to NACDS, the social media drive is intended to keep drawing new audiences to the Total Store Expo, which proved

2015 NACDS Regional Chain Conference

2015 NACDS Regional Chain Conference

NAPLES, Fla. — Executives at regional drug chains took the opportunity to exchange ideas with their peers and trading partners at the 2015 National Association of Chain Drug Stores Regional Chain Conference. Beginning Sunday, Feb. 1, and running through Tuesday, Feb. 3, at the Ritz-Carlton in Naples, Fla., the NACDS Regional Chain Conference drew senior-level retail

Bullish on RediClinic

Bullish on RediClinic

Rite Aid has inaugurated its first in-store RediClinics with the official opening of 24 locations in the Philadelphia and Baltimore/Washington, D.C., markets, and company executives are enthused about the boost that the retail clinics will give to its drug stores. Ken Martindale, president and chief operating officer of Rite Aid, said at yesterday’s grand opening

Sizing up specialty pharmacy

Sizing up specialty pharmacy

As in the retail pharmacy arena, the specialty pharmacy market is dominated by a small number of companies, noted the Drug Channels Institute, which has released its 2014-15 Economic Report on Retail, Mail, and Specialty Pharmacies. “The specialty pharmaceutical boom is reshaping the pharmacy industry’s market structure. Ten companies account for 70% of specialty pharmacy

Community pharmacists name their priorities

Community pharmacists name their priorities

The National Community Pharmacists Association recently asked members to identify what most concerns them as 2015 gets under way. The survey results weren’t surprising, with the top issues focused on pharmacy reimbursement and preferred pharmacy networks. NCPA said the leading five priorities were maximum allowable cost (MAC) legislation to address the delay in generic drug

What to do about the flu

What to do about the flu

Widespread media reports that this season’s flu vaccine is less effective have raised concerns among retail pharmacies, who think consumers may be discouraged about getting a flu shot. The Centers for Disease Control and Prevention (CDC) followed a Dec. 3 health advisory that this season’s flu vaccines could be less effective with another advisory on Jan.

APhA website supports provider status push

It might behoove pharmacy industry stakeholders to take a look at the American Pharmacists Association’s “new and improved” PharmacistsProvideCare.com website. Developed for APhA’s “Pharmacists Provide Care” campaign, the relaunched site supports the pharmacy industry’s efforts to attain health provider status for pharmacists under federal law and to promote patient access to and coverage of pharmacist-provided patient care services. PharmacistsProvideCare.com serves

NCPA highlights impact of Part D plan glitch

In its blog “The Dose,” the National Community Pharmacists Association gave the human angle to difficulties encountered by pharmacy patients due to an information glitch by Aetna/Coventry Medicare Part D plan enrollees. Because of incorrect information, Medicare beneficiaries weren’t able to fill prescriptions at pharmacies promoted by Aetna/Coventry Part D plans listed on the Medicare Plan Finder website

Retailers to ramp up mobile

Retailers to ramp up mobile

Technology headlined a lot of the news coming out of this year’s National Retail Federation Big Show Expo in New York City, and perhaps none more so than mobile and wireless technology and its implications for retailers. A survey by payment technology provider Verifone provided some brow-raising insights about consumers and mobile technology at retail. Of more