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Making the Rx markets more competitive again

Making the Rx markets more competitive again

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. This past June, Secretary of Health and Human Services Alex Azar told the Senate Finance Committee, “We need a strong, robust generic market.” He followed this statement with an observation that resonated for many of the member companies of the

CVS, Walmart reach new PBM network deal

CVS, Walmart reach new PBM network deal

WOONSOCKET, R.I. — CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial terms of the new contract. “We are very pleased to

Lampert wins bid to keep Sears open for now

Lampert wins bid to keep Sears open for now

CHICAGO — Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday. Lampert’s bid, upped from an earlier $5

WBA, Microsoft pair to transform health care

WBA, Microsoft pair to transform health care

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI platform, health care investments, and new retail solutions with WBA’s

Walmart to leave two CVS Caremark networks

Walmart to leave two CVS Caremark networks

WOONSOCKET, R.I. — CVS Health  announced Tuesday that Walmart has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. Such a transition must place patient care as the highest priority and, as such, CVS Caremark has requested that Walmart continue to fill prescriptions as an in network participating

Making health care work better for patients

Making health care work better for patients

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. Pharmacists are medication experts. Every day, they get to see the remarkable difference innovative treatments can make in their customers’ lives. But like America’s biopharmaceutical companies, they also know those innovative medicines aren’t nearly as meaningful if they are too

Pharmacy payment model needs to be simplified

Pharmacy payment model needs to be simplified

Editor’s note: This was part of CDR’s 2019 Pharmacy Outlook in the January 7 issue. One thing that can be said about the state of prescription medications in 2019 is that the pharmacy payment model is complex, convoluted and confusing. Over $400 billion dollars are spent on prescription drugs, yet finding someone in the distribution

Bartell’s stands apart among regional chains

Bartell’s stands apart among regional chains

SEATTLE — Founded in 1890, Bartell Drugs has maintained a leading position in the greater Seattle market by staying close to local consumers and continually developing new ways of addressing their changing needs. “My grandfather instilled in us the value of customer service,” says George Bartell, chairman of the 68-store retailer. “Serving the customer is

Chain Drug Review names Hartsig top merchant

Chain Drug Review names Hartsig top merchant

DEERFIELD, Ill. — Walgreens is continuing to transform its retail business, and one of the principal architects of the transformation is senior vice president and chief merchandising officer Joe Hartsig. In recognition of his contribution, the editors of Chain Drug Review have named Hartsig its 2018 Merchant of the Year. Hartsig, who joined Walgreens in

Merlo is Health Care Executive of the Year

Merlo is Health Care Executive of the Year

WOONSOCKET, R.I. — The combination of CVS Health and Aetna marks a new era in U.S. health care. Finalized in late November, the $69 billion deal paves the way for the combined company, whose expertise and assets touch nearly every aspect of patient care, to revolutionize health care delivery and, in the process, complete the

Hy-Vee offers controlled substance prescription policy

Hy-Vee offers controlled substance prescription policy

WEST DES MOINES, Iowa — To assist in combatting the national opioid epidemic Hy-Vee announces the implementation of a new controlled substance prescription policy. As of Jan. 1, 2019, Hy-Vee pharmacies no longer allow a subsequent fill of a Schedule II controlled substance, or a refill of a Schedule III or Scheduled IV controlled substance

Bristol-Myers Squibb to Acquire Celgene Corporation

Bristol-Myers Squibb to Acquire Celgene Corporation

NEW YORK and SUMMIT, N.J. — In a deal worth $74 billion, Bristol-Myers Squibb announced today its plans to acquire Celgene Corporation. The transaction, according to Bristol-Myers, will create a leading focused specialty biopharma company well positioned to address the needs of patients with cancer, inflammatory and immunologic disease and cardiovascular disease through high-value innovative medicines and

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