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Rite Aid stockholders approve reverse stock split

Rite Aid stockholders approve reverse stock split

CAMP HILL, PA – Rite Aid Corp. announced that its stockholders approved a reverse stock split of the company’s common stock at Thursday’s special meeting of stockholders. According to preliminary tabulations, with approximately 987 million eligible votes cast, stockholders voted 78% in favor of the reverse split. Rite Aid’s board of directors may select a

NACDS launches online resource tool

NACDS launches online resource tool

ARLINGTON,  Va. – The National Association of Chain Drug Stores (NACDS) Wednesday announced the online “NACDS Optimizing Care Process Guide,” a resource for states, pharmacies and others seeking to increase patients’ access to clinical care delivered in community pharmacies. This initiative aligns with other efforts to empower pharmacists to improve patients’ health outcomes, and with

CVS fights rise of e-cigarette use at colleges

CVS fights rise of e-cigarette use at colleges

WOONSOCKET, R.I. — As part of its commitment to building healthier communities, CVS Health Tuesday announced more than $1.4 million in new giving through the CVS Health Foundation to 82 U.S. colleges and universities, helping them to advocate for, adopt and implement 100% smoke- and tobacco-free campus policies, including limiting the use of e-cigarettes. The

Study: O-T-Cs save health care system billions

Study: O-T-Cs save health care system billions

WASHINGTON — Over-the-counter (O-T-C) medicines save the U.S. health care system nearly $146 billion a year, a new study has found. The report, “Value of O-T-C Medicines to the U.S. Healthcare System,” which was released by the Consumer Healthcare Products Association (CHPA), found that, on average, each dollar spent on O-T-Cs saves the national system

NACDS lauds bill to mitigate opioid abuse

NACDS lauds bill to mitigate opioid abuse

ARLINGTON, Va.— The National Association of Chain Drug Stores Friday welcomed Senate legislation that would limit to a seven-day supply the initial prescriptions of opioids for acute pain —  a move that is consistent with Centers for Disease Control and Prevention’s (CDC) guidelines. Sens. Kirsten Gillibrand (D., N.Y.) and Cory Gardner (R., Colo.) announced the

WBA names Dixon global controller

WBA names Dixon global controller

DEERFIELD, Ill. — Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance Inc, effective March 18. Dixon will join WBA from Aetna Inc., where she had been vice president, controller and chief accounting officer since 2017, and prior to that, assistant controller. Before that, she served

Rite Aid announces leadership restructuring

Rite Aid announces leadership restructuring

CAMP HILL, PA – Rite Aid Corp. announced Tuesday a leadership transition plan and an organizational restructuring to better align its structure with the company’s operations and to reduce costs. As part of the leadership transition, John Standley will step down as chief executive officer. The Board will promptly commence a search process for a

Sharpless named acting FDA commissioner

Sharpless named acting FDA commissioner

WASHINGTON — Dr. Norman “Ned” Sharpless, director of the National Cancer Institute, will become acting commissioner of the Food and Drug Administration next month. Health and Human Services Secretary Alex Azar said Tuesday that Sharpless will take the reins of the FDA after the resignation of Scott Gottlieb. The administration is seeking a permanent replacement

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

Retail sales bounce back in January

Retail sales bounce back in January

WASHINGTON – Retail sales rebounded in January, the National Retail Federation said on Monday. Sales increased by 1.3% seasonally adjusted from December and by 3.6% unadjusted year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants.“Retail sales recovered in January after the unexpected drop in December, reinforcing a positive start to 2019,” NRF chief economist

Advocacy, awards highlight NACDS RxIMPACT Day

Advocacy, awards highlight NACDS RxIMPACT Day

WASHINGTON – An impressive force of 424 advocates from all 50 states reached every Congressional office during the 2019 National Association of Chain Drug Stores (NACDS) RxIMPACT Day on Capitol Hill. Since its inception in 2009, the groundbreaking event has seen a 200% total participation increase, including representation from 60% of colleges and schools of

Gottlieb resigns as FDA commissioner

Gottlieb resigns as FDA commissioner

SILVER SPRING, Md. — Food and Drug Administration Commissioner Scott Gottlieb is resigning, effective in about a month. The 46-year-old Gottlieb, who has been commuting weekly to the FDA office here from his home in Connecticut, wants to spend more time with his family, an administration official told The Washington Post. Health and Human Services

WBA willing to meet with FDA over tobacco sales to minors

WBA willing to meet with FDA over tobacco sales to minors

DEERFIELD, Ill. — Walgreens said Tuesday it welcomed the opportunity to meet with Food and Drug Administration commissioner Scott Gottlieb to discuss the steps it is taking  to prevent the sale of tobacco products to minors. The retailer issued the statement after Gottlieb said the FDA had written to Walgreens “to request a meeting to

Walgreens launches cancer patient support program

Walgreens launches cancer patient support program

DEERFIELD, Ill. — Walgreens Monday launched “Feel More Like You,” a first-of-its-kind pharmacy, health and beauty service available at no cost to help people living with cancer manage the medical and physical changes associated with cancer treatment. The retailer created Feel More Like You to meet the increasing needs of people impacted by cancer to

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