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DEERFIELD, Ill. — In the first financial report since its formation at the close of 2014, Walgreens Boots Alliance Inc. recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts. Management also announced on Thursday that it is expanding its restructuring program after identifying additional opportunities to cut costs, particularly in
CAMP HILL, Pa. — A tax break added to healthy gains in earnings for the 2015 fourth quarter and fiscal year at Rite Aid Corp., which also saw a strong sales performance for both periods. Net income for the fourth quarter and full year were lifted by a reduction of the deferred tax asset valuation
ALEXANDRIA, Va. — Below-cost reimbursements continue to squeeze community pharmacies in the wake of generic drug price spikes over a year ago, a new survey by the National Community Pharmacists Association finds. NCPA said Tuesday that of the 700 community pharmacists polled, almost all experienced a “large upswing” in the acquisition cost of a generic
NEW YORK — In the wake of an investigation begun by New York, the attorneys general of 14 states and territories have called on Congress to launch an inquiry into the herbal supplements industry. New York Attorney General Eric Schneiderman and Indiana Attorney General Greg Zoeller on Thursday said the bipartisan group of state attorneys
CAMP HILL, Pa. — Gains in both the front end and pharmacy lifted same-store sales at Rite Aid Corp. in March. Rite Aid said Thursday that for the four weeks ended March 28, comparable-store sales climbed 4.3% year over year. That was up from a 3.3% comp-store sales increase in February. In the front end,
NEW YORK — Store-brand dollar sales and share at drug stores rose to a new high in 2014, according to the Private Label Manufacturers Association. Private-brand dollar share grew to 16.5% at drug stores last year on total private-label sales of $8.3 billion, PLMA said Tuesday in releasing its 2015 Private Label Yearbook. Dollar volume
WASHINGTON — Scenes from this year’s NACDS RxImpact Day on Capitol Hill convey the high level of enthusiasm for the event among pharmacy advocates and NACDS members as well as lawmakers and other public officials. More than 350 pharmacy advocates from 44 states met with members of Congress. The advocates — including pharmacists, pharmacy executives,
WASHINGTON — More than 350 pharmacy advocates from 44 states met with members of Congress during for this year’s NACDS RxImpact Day on Capitol Hill. The National Association of Chain Drug Stores said Thursday that pharmacy advocates — including pharmacists, pharmacy executives, pharmacy students and others — held more than 450 meetings with lawmakers and
WASHINGTON — The National Association of Chain Drug Stores joined President Barack Obama and Secretary of Health and Human Services Sylvia Burwell at the White House to launch the Health Care Payment Learning and Action Network, whose participants include Rite Aid, Walgreens and Walmart. Announced Wednesday, the Health Care Payment Learning and Action Network brings
TORONTO — Shoppers Drug Mart and Canadian insurer Great-West Life have released a report showing the positive impact of pharmacist interventions in diabetes management. Canada’s largest drug chain said Tuesday that the study, “Sustainable Solutions Report: Pharmacist Interventions in Diabetes,” demonstrates how pharmacists supported diabetes care and helped improve health outcomes for patients participating in
VANCOUVER, British Columbia — Twenty-two pharmacies in rural and urban locations across British Columbia are participating in a research project to examine how DNA impacts medication selection and dosage. The British Columbia Pharmacy Association (BCPhA) said Thursday that the “Genomics for Precision Drug Therapy in the Community Pharmacy” project is the first of its kind
WASHINGTON — The National Association of Chain Drug Stores and the National Community Pharmacists Association hailed the Senate’s introduction of legislation that would expand Medicare recipients’ access to medication therapy management (MTM) services. The Medication Therapy Management Empowerment Act of 2015 (S. 776) — introduced Wednesday by Sens. Pat Roberts (R., Kan.), Jeanne Shaheen (D.,
NEW YORK — Rite Aid Corp. is the exclusive drug store partner in what’s being called the first U.S.-based coalition loyalty program. Named Plenti, the program will enable consumers to earn and use points for purchases at all of the participating companies, regardless of the payment method. Along with Rite Aid, Plenti’s inaugural partners include
ALEXANDRIA, Va. — Next month, the National Association of Chain Drug Stores plans to roll out a certificate program that will train pharmacists to administer point-of-care testing and other health assessments in pharmacies. NACDS said Monday that it will kick off the Community Pharmacy-Based Point-of-Care Testing certificate program in April with multicity tour at pharmacy
