Lupin 2023

Issue 07-19-2010

Standley moves quickly to fill COO’s post at Rite Aid

CAMP HILL, Pa. — A day after Rite Aid Corp. chief operating officer John Standley took the reins as the drug chain’s president and chief executive officer, the company named senior executive vice president of merchandising, marketing and logistics Ken Martindale as its new chief operating officer. In his new position, the 50-year-old Martindale will

Walgreens poised to bolster food offerings

DEERFIELD, Ill. — Later this summer Walgreen Co. plans to give its customers a taste of Duane Reade’s successful private label program as it continues to ramp up its food offering. Beginning in August, Walgreens stores chainwide will offer an initial selection of Duane Reade’s Delish private brand consumables, Walgreens chief executive officer Greg Wasson

MTM legislation wins support from Rx groups

ALEXANDRIA, Va. — Building on the pharmacy-specific provisions in the health care reform law, the National Association of Chain Drug Stores and the National Community Pharmacists Association (NCPA) have endorsed medication therapy management (MTM) legislation. The MTM bill was authored and introduced by Sen. Kay Hagan (D., N.C.) with Sen. Al Franken (D., Minn.) as

Walmart shifts key U.S. executives

BENTONVILLE, Ark. — Wal­mart has made several changes in its management ranks in recent weeks. The biggest of those changes has been the appointment of Walmart U.S. chief operating officer Bill Simon to president and chief executive officer of the domestic unit. The 50-year-old Simon takes over from Eduardo Castro-Wright, who had headed the United

Pharmasave, Rx PharmaChoice team up

LANGLEY, British Columbia — The Canadian drug chains Pharmasave and Rx PharmaChoice have formed a strategic alliance that executives say will strengthen both companies. The partnership between the two franchise operations will be known as PharmAlliance and will help the independent stores across the country that operate under the Pharmasave and PharmaChoice banners become more

Obama bypasses Senate to fill top CMS post

WASHINGTON — After the confirmation of President Obama’s choice to run the Centers for Medicare and Medicaid Services (CMS) was held up for nearly three months by Republicans, the president bypassed the legislators earlier this month and appointed Donald Berwick to the post while the Senate was on its summer recess. Obama had nominated Berwick

Jean Coutu mulls drug reform impact

LONGUEUIL, Quebec — Jean Coutu Group, which posted increased profit in the first quarter, is waiting to see how provincial drug reform will affect its future earnings. Coutu posted a profit of $43.2 million (Canadian) for the fiscal quarter ended May 29, an increase of 12.2% compared with the prior-year period. Revenue increased 3.8% to

NCPA, Chain Drug Consortium form new partnership

ALEXANDRIA, Va. — The National Community Pharmacists Association (NCPA) and the Chain Drug Consortium (CDC) have formed a collaboration that they say will leverage the strengths of each organization and advance the interests of community pharmacists and their patients. CDC provides its retail members with programs, services and purchasing power to help family-owned and privately

New private label line launched by Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has launched the latest phase of its revamped private label program with the debut of Simplify, a store brand aimed at price-sensitive shoppers. The initial products in the line consist of two-ply paper towels and one- and two-ply bath tissue as well as strawberry- and berry-flavored drinks and

Implementation of health care reform act proceeds

WASHINGTON — Health care reform is being viewed more favorably following the Obama administration’s rollout of multiple regulations laying the groundwork for the law’s implementation. New rules that affect health insurance include permission for young adults to stay on their parents’ policies and a prohibition on denying coverage to children who have preexisting conditions. The

Big three drug chains are being reshaped

Over the past few months chain drug retailing has been turned upside down, as the industry’s three most important retailers — Walgreen Co., CVS Caremark Corp. and Rite Aid Corp. — announced game-changing alterations. In that short span of time Walgreens acquired Duane Reade; Rite Aid reported that Mary Sammons, the retailer’s iconic chief executive,

CVS Caremark keeps eye on what’s next

CVS Caremark recently issued “Insights 2010: Evolving Pharmacy Care,” the latest in a series of annual reports about the role of prescription drugs in the nation’s health care system as seen from the perspective of the company’s pharmacy benefits management operation. It includes much that’s of interest pertaining to both CVS Caremark’s business and larger