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CVS ahead of Q4 earnings forecasts

CVS ahead of Q4 earnings forecasts

WOONSOCKET, R.I. — CVS Health posted stronger-than-expected fourth quarter earnings Wednesday but issued 2019 profit guidance that fell short of Wall Street forecasts linked to “significant additional deterioration” in its long-term care business. CVS Health’s adjusted earnings for the three months ended in December came in at $2.14 per share, up 11.5% from the same

Rite Aid and GNC extend partnership

Rite Aid and GNC extend partnership

CAMP HILL, Pa.  – Rite Aid Corp. and GNC announced Tuesday an agreement which extends their partnership through 2022. Rite Aid and GNC have had an exclusive partnership in the chain drug channel since December 1998. “Our more than 20-year partnership with GNC has provided Rite Aid with a key point of differentiation in the

Shoppers Drug Mart unveils Beauty Ice Palace

Shoppers Drug Mart unveils Beauty Ice Palace

TORONTO —Shoppers Drug Mart Thursday unveiled its first-ever Beauty Ice Palace — a dramatic pop-up ice castle — where shoppers this Valentine’s Day had the opportunity to step out of the cold and into some bold beauty looks outside their store on Yonge and Dundas Square. This store location, which opened in June, offers a unique

CVS Health unveils new concept stores

CVS Health unveils new concept stores

HOUSTON — CVS Health has unveiled a new health-focused store concept here that’s designed to help the pharmacy chain become more of a health-care provider. The three HealthHUB pilot stores that opened in the Houston area in December are part of the company’s vision for its $70 billion acquisition of health insurer Aetna. In addition

Lewis Drug acquires six Shopko pharmacies

Lewis Drug acquires six Shopko pharmacies

SIOUX FALLS, S.D.— Lewis Drug announced that the chain has purchased pharmacy assets, including prescription files and records, from Shopko Stores in the following six communities: Madison, Mitchell and Sisseton, S.D.; Luverne and St. James, Minn. and Ida Grove, Iowa. Lewis Drug currently operates in four of the communities and is in the process of

NACDS urges DIR fee reform to House Ways and Means Committee

NACDS urges DIR fee reform to House Ways and Means Committee

ARLINGTON, Va.—The National Association of Chain Drug Stores (NACDS) Tuesday submitted a statement to the U.S. House of Representatives Committee on Ways and Means for the hearing titled “The Cost of Rising Prescription Drug Prices.” NACDS described the importance of direct and indirect remuneration (DIR) fee reform for reducing patients’ out-of-pocket prescription drug costs, and

WBA unveils 2018 Corporate Social Responsibility Report

WBA unveils 2018 Corporate Social Responsibility Report

NOTTINGHAM, U.K.  – Walgreens Boots Alliance (WBA) Tuesday published its  2018 Corporate Social Responsibility (CSR) Report, which showcases the company’s global sustainability initiatives to prevent opioid abuse, support cancer patients and their families and address malnutrition and other health issues in communities around the world. WBA’s CSR strategy is largely focused on health care initiatives,

Product of the Year USA announces 2019 winners

Product of the Year USA announces 2019 winners

NEW YORK – Product of the Year USA, the world’s largest consumer-voted award for product innovation, announced the highly-anticipated winners of the 2019 Product of the Year Awards. Determined by a national study of 40,000 consumers conducted by Kantar, a global leader in consumer research, the 36 winning products have been awarded as the most

J&J to list drug prices in TV commercials

J&J to list drug prices in TV commercials

TRENTON, N.J.  — Johnson & Johnson announced Thursday it will start providing the list price of its prescription drugs in upcoming television ads. The company would be the first drugmaker to take that step. The company will start with its popular blood thinner, Xarelto, said Scott White, head of J&J’s North American pharmaceutical marketing. By

HHS Sec. Azar visits community pharmacists

HHS Sec. Azar visits community pharmacists

METAIRIE, La.  — U.S. Department of Health and Human Services Secretary Alex Azar yesterday visited Chateau Drugs and Gifts in Metairie, La., which is owned by National Community Pharmacists Association (NCPA) members Kerry and Diane Milano, both of whom are registered pharmacists. Azar made the visit to help highlight efforts by the Trump administration to

Hy-Vee expands discount medications list

Hy-Vee expands discount medications list

WEST DES MOINES, Iowa  — Hy-Vee announced Wednesday the expansion of its discount medications list to assist customers with lowering their health care costs, making their lives easier, healthier and happier. The new medication list went into effect February 1, and is available to all patients with no enrollment fees. The new list includes an

Fred’s names Joe Anto permanent CEO

Fred’s names Joe Anto permanent CEO

MEMPHIS — Fred’s Inc. announced in a filing with the Securities and Exchange Commission that Joseph Anto is now the chief executive officer of the company, effective February 3. The board made the appointment on January 30. Previously, Anto served as Fred’s interim CEO as well as chief financial officer. Heath Freeman, chairman of the

DIR fee reform highlights NACDS Regional

DIR fee reform highlights NACDS Regional

PALM BEACH – The National Association of Chain Drug Stores’ (NACDS) campaign-style approach to the issues crucial for pharmacy value and viability dominated today’s opening session of the 2019 NACDS Regional Chain Conference. NACDS’ top-priority issue of direct and indirect remuneration (DIR) fee reform headlined the discussion of the Association’s “Access Agenda” – which emphasizes

CVS offering free heart health screenings in February

CVS offering free heart health screenings in February

WOONSOCKET, R.I. — As part of its ongoing commitment to building healthier communities, CVS Health announced Monday it will be offering no cost “Know Your Numbers” heart health screenings at MinuteClinic, the company’s retail medical clinic, every Thursday in February, including Valentine’s Day. MinuteClinic locations can be found inside select CVS Pharmacy and Target stores in

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