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Rite Aid unveils safe medication disposal program

Rite Aid unveils safe medication disposal program

CAMP HILL, Pa. — In an effort combat drug abuse and misuse, Rite Aid Corp. announced today its plans to install 100 medication disposal units in selected pharmacies over the next year. The units offer individuals a free, safe and convenient way to dispose of expired or unwanted prescription and over-the-counter medications, helping to reduce

Senate Committee moves NACDS-backed Drug Disposal Bill

Senate Committee moves NACDS-backed Drug Disposal Bill

ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) welcomed the Senate Judiciary Committee’s passage today of S. 2645, the Access to Increased Drug Disposal Act of 2018, which is consistent with the spirit of NACDS’ policy recommendations to help address the opioid abuse epidemic, and with pharmacies’ current drug disposal initiatives. Sen.

Rite Aid makes opioid disposal solution available

Rite Aid makes opioid disposal solution available

CAMP HILL, Pa .— Rite Aid Corporation  announced today that DisposeRx, a first-of-its-kind opioid disposal solution, is now available at all of Rite Aid’s more than 2,500 pharmacies across the United States. DisposeRx packets contain a biodegradable powder that, when mixed with water in the prescription vial, dissolves drugs, forming a viscous gel which may

Albertsons, Rite Aid unveil merger’s strategies and synergies

Albertsons, Rite Aid unveil merger’s strategies and synergies

BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies. Announced in late February, the merger will join the nation’s second-largest supermarket operator with its third-largest drug chain. Overall, the company will generate

Retailers praise Trump for taking on drug prices

Retailers praise Trump for taking on drug prices

WASHINGTON —  CVS Health and Walgreens have commended President  Trump for vowing in a speech today to fight high drug prices. Issuing a sweeping plan to bring down prices,  Trump again castigated drug manufacturers, while spreading blame to PBMs, wholesalers, foreign governments and his predecessors in Washington. “Everyone involved in the broken system — the drugmakers, insurance

Metro completes Coutu acquisition

Metro completes Coutu acquisition

MONTREAL — Metro Inc. has completed its $4.5 billion ($3.6 billion U.S.) acquisition of the Jean Coutu Group, creating a food and drug retailer with more than  1,300 stores in Quebec, Ontario and New Brunswick. The store count includes Metro’s 600-plus supermarkets, Coutu’s more than 400 drug stores and Metro’s 250-plus drug stores, which include the

NACDS-backed e-prescribing bill to fight opioid abuse passes

NACDS-backed e-prescribing bill to fight opioid abuse passes

ARLINGTON, Va. –  Legislation backed by the National Association of Chain Drug Stores (NACDS) to help address the opioid abuse epidemic was passed today by the House of Representatives Energy and Commerce Committee. The bill – the Every Prescription Conveyed Securely Act (H.R. 3528) – would require electronic prescribing for Schedule II through V controlled substances prescriptions covered under

McKesson to bring ideaShare 2018 to Las Vegas

McKesson to bring ideaShare 2018 to Las Vegas

IRVING, Texas — For more than 35 years McKesson’s ideaShare has been the premier education and networking event for community pharmacies. The leading conference is designed to help independent pharmacy owners and their staff improve their knowledge, performance and profitability. This year, McKesson expects more than 1,500 independent pharmacies will come together from July 8-12,

Fred’s pursuing sale of specialty pharmacy business

Fred’s pursuing sale of specialty pharmacy business

MEMPHIS — During its earnings call Friday, Fred’s Inc. announced it is evaluating options for its retail pharmacy portfolio and “actively pursuing a sale” of its specialty pharmacy business, as it reported financial results for the 2017 fourth quarter and fiscal year ended February 3. The company’s financial results were originally slated to be released

NACDS’ thought leadership on display at World Health Care Congress

NACDS’ thought leadership on display at World Health Care Congress

WASHINGTON – The role of National Association of Chain Drug Stores members in the conversation about improving healthcare and addressing related societal challenges was on display during the 15th Annual World Health Care Congress, held earlier this week here. The World Health Care Congress brought together decision-makers from payer, provider, pharmaceutical, government and solutions organizations

Higher script volumes aid in Q1 gains for CVS

Higher script volumes aid in Q1 gains for CVS

WOONSOCKET, R.I. — CVS Health’s revenue was on the rise as it filled more prescriptions and benefited from a lower effective tax rate, the company said today in reporting its operating results for the three months ended March 31. The drug store chain said its first quarter revenue increased 2.6% to $45.7 billion from $44.5

Walgreens joins pioneering health science project

Walgreens joins pioneering health science project

LA JOLLA, Calif. — A nationwide consortium led by the National Institutes of Health (NIH) will launch the All of Us Research Program on Friday, May 6, which is being hailed as a pioneering research initiative that will use advance technologies and engage participants as citizen-scientists to embark on a new era of health science and precision medicine. Through

Fred’s Inc. CEO Michael Bloom resigns

Fred’s Inc. CEO Michael Bloom resigns

MEMPHIS, Tenn. — Fred’s Inc. announced on Friday that chief executive officer Michael Bloom resigned from his post, effective on April 24. He also resigned from his seat on the company’s board. Joseph Anto, the company’s executive vice president, chief financial officer and secretary, will serve as interim chief executive officer. Michael Bloom “The Board

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