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Issue 04-26-2010

State of the Industry Report: The Top 10 Drug Chains

<i>State of the Industry Report</i>: The Top 10 Drug Chains

NEW YORK — The biggest retailers got stronger, but all in all the chain drug sector turned in an impressive performance in 2009. CVS Caremark Corp. wrapped up its blockbuster acquisition of Longs Drug Stores, fortifying its position as one of the nation’s leading drug chains and, along with its burgeoning pharmacy benefit management and

Interview: With Merlo, NACDS has sure hand at helm

Interview: With Merlo, NACDS has sure hand at helm

WOONSOCKET, R.I. — At a time when the nation’s health care system is embarking on a period of fundamental change, the National Association of Chain Drug Stores is fortunate to have Larry Merlo as its new chairman. As the president of CVS/pharmacy and executive vice president of CVS Caremark Corp., Merlo brings to the job

Industry Outlook: Healthy Rx buoys drug chains

Industry Outlook: Healthy Rx buoys drug chains

NEW YORK — Signs are pointing to another up-and-down year for chain drug retailers. Industry analysts say a lukewarm economic recovery will keep customers in a cautious frame of mind, with front-end sales remaining weak despite a healthy pharmacy business. That most likely means a year of flat to modest revenue growth for drug stores,

Q&A: Anderson keeps NACDS focused on what matters

Q&A: Anderson keeps NACDS focused on what matters

ALEXANDRIA, Va. — For the past 12 months the National Association of Chain Drug Stores and its president and chief executive officer, Steve Anderson, have been actively engaged in fighting on the front lines in the battle over health care reform. While enactment of the legislation, which finally took place in March after months of

Research highlights need to improve Rx adherence

NEW YORK — An article that appeared in The New England Journal of Medicine earlier this month is being hailed by the National Association of Chain Drug Stores for helping to drive home the organization’s message that community pharmacists play a key role in helping reduce long-term health care costs. In the article “Thinking Outside

Ontario plans to slash Rx payments for generics

TORONTO — After nine months of discussions with the pharmacy community about how to reduce the government’s costs, Ontario’s health ministry has decided that the best way to accomplish those savings is to slash the reimbursement rate paid to pharmacies when they dispense generic drugs. Ontario Minister of Health Deb Matthews announced earlier this month

Canadian drug chains react swiftly to reimbursement cuts

TORONTO — While Canada’s largest drug chains have traditionally been reluctant to take on provincial governments publicly, their reaction to Ontario’s plan to reduce the pharmacy reimbursement rate on prescriptions filled with generic drugs by 50% was quick and to the point. “The company is strongly opposed to the changes announced today, and believes that

Walgreens proves point in flu season

DEERFIELD, Ill. — Walgreen Co.’s more than 7,100 pharmacies and 350 Take Care Clinics administered over 7.4 million seasonal flu shots and H1N1 immunizations during this past flu season. The number of flu shots represents half of the flu immunizations administered through all of retail pharmacy and four times the number of seasonal flu shots

Obama names CMS chief

WASHINGTON — After nearly four years without a permanent administrator, the Centers for Medicare and Medicaid Services (CMS) is getting a new leader. President Obama has nominated Donald Berwick, a pediatrician known for his work to improve patient care, as the next CMS administrator. If confirmed by the Senate later this year, he will be

Restrictions on O-T-Cs opposed

WASHINGTON — Pseudo­ephedrine products should stay over the counter, the National Association of Chain Drug Stores, National Community Pharmacists Association (NCPA) and Consumer Healthcare Products Association (CHPA) have told Congress. Emphasizing pharmacy’s proactive measures to help fight methamphetamine production and abuse, NACDS and NCPA say that making pseudoephedrine available by prescription would harm consumers, burden

MinuteClinic takes aim at chronic conditions

WOONSOCKET, R.I. — CVS Caremark Corp.’s MinuteClinic division has introduced several health condition monitoring services aimed at patients with a variety of chronic conditions. Offered at MinuteClinic retail health clinic locations in CVS/pharmacy stores in 20 states and the District of Columbia, the new monitoring services — dubbed Monitoring Made Easy and aimed at patients

Walgreens starts Duane Reade integration

NEW YORK — John Spina, vice president of retail integration and new format development at Walgreen Co., will continue to oversee the company’s integration of Duane Reade Inc. Spina, who has led the process since the acquisition was announced in February, will work closely with Duane Reade chairman and chief executive officer John Lederer, who

Kinney Drugs realigns merchandising

GOUVERNEUR, N.Y. — Kinney Drugs has restructured its merchandising department, promoting Cheri Taylor to division manger of health and beauty care and making Mike Hatch, who had previously overseen the 94-store chain’s health and beauty efforts, division manager of general merchandise. “Cheri and Mike have over 45 years of combined category management experience,” vice president

Rite Aid stores host free skin cancer screenings

CAMP HILL, Pa. — Rite Aid Corp. drug stores are offering free full-body screenings for skin cancer as part of the Skin Cancer Foundation’s “Road to Healthy Skin” tour. Rite Aid Corp. drug stores are offering free full-body screenings for skin cancer as part of the Skin Cancer Foundation’s “Road to Healthy Skin” tour. Also