Lupin 2024

Issue 06-25-2012

GlaxoSmithKline builds new paradigm

LONDON — The business model that has long sustained the research-based pharmaceutical industry is faltering, with the steady stream of blockbuster medications that once characterized it drying up and competition from generics suppliers increasing as an unprecedented number of branded products lose patent protection. One of the first big drug makers to hit the so-called

O-T-Cs to empower consumers

MOON TOWNSHIP, Pa. — Part of the solution to the problems of access and cost that beset the nation’s health care system can be found in greater use of over-the-counter medications, an insight on which Glaxo­Smith­Kline Consumer Healthcare is acting. “Over-the-counter medications have a very important role to play in our health care system,” said

For GSK, differentiation through science is cutting-edge

MOON TOWNSHIP, Pa. — New products are the lifeblood of the consumer products business, and that’s as true in the over-the-counter drug category as in any other sector. As part of its push to become a bigger force in nonprescription medicines, GlaxoSmithKline Consumer Healthcare has put a premium on research and ­development. “We are banking

Insurers to preserve key reform elements

NEW YORK — With the fate of the health care reform law hanging in the balance, three of the country’s largest health insurers said they would maintain some Affordable Care Act benefits regardless of how the Supreme Court rules on it. But the companies said they would not continue coverage for pre-existing conditions. With the

NACDS’ Jaeger makes the case for retail Rx

ALEXANDRIA, Va. — Retail pharmacy has the capacity to be one of the drivers of the transformation of health care, says Kathleen Jaeger, senior vice president of pharmacy care and patient advocacy at the National Association of Chain Drug Stores. “Pharmacy can play a pivotal role by defining new roles and services that the health

Walmart shareholder votes reflect concerns

BENTONVILLE, Ark. — Walmart’s annual meeting earlier this month managed to celebrate the retailer’s 50 years of spectacular growth in usual style, with plenty of enthusiastic associates from around the world and high-profile celebrities on display. The final tally of shareholders’ votes on incumbent Walmart board members, however, demonstrated a significant level of discontent with

New resource debuts at Marketplace

DENVER — The National Association of Chain Drug Stores has unveiled an interactive educational resource for this year’s NACDS Marketplace Conference. In partnership with Inmar, a technology solutions company and associate member of NACDS, the trade group has launched the NACDS Marketplace Digital Learning Center to help retailers and suppliers gain an understanding of the

Walgreens rethinks its approach to private label

DALLAS — The role of private label has changed, and that means a more sophisticated approach in developing them is required, according to Laura Sturdevant, Walgreen Co.’s director of product development for private brands. Sturdevant spoke at the Food Marketing Institute’s recent FMI 2012 show here, as part of a panel discussion called “Building Strong

NACDS tabs government affairs VP

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has named Thomas O’Donnell vice president of federal government affairs. O’Donnell, who most recently served as the chief of staff for Rep. Steve Rothman (D., N.J.), is slated to join the association on July 9. “We are thrilled that Tom will soon join NACDS’ highly

Navarro goes live with website in Spanish

MIAMI — Navarro Discount Pharmacy has launched a Spanish-language version of its website. Visitors to can click on the "En Español" icon on the site’s home page to change the site’s language to Spanish. “The new Spanish language content allows us to better serve loyal customers already familiar with the Navarro brand and reach

Duran gets exec post at RxAlly

LEESBURG, Va. — Former Medco Health Solutions Inc. executive Peter Duran has joined the executive team at RxAlly. Duran, who spent the last 15 years with Medco, is serving as vice president and chief privacy officer of the 22,000-member pharmacy alliance. In that role, he is responsible for ensuring that RxAlly’s privacy practices comply with

Walgreens, OptumRx renew agreement

DEERFIELD, Ill. — Walgreen Co. has extended its partnership with the pharmacy benefits management company OptumRx for several more years. Executives say the extended agreement provides continued, long-term access to Walgreens pharmacy services at more than 7,800 locations nationwide for members of prescription drug benefit plans managed by OptumRx. “Walgreens offers both the pharmacy and