CINCINNATI — The abrupt resignation of Procter & Gamble Co. (P&G) president and chief executive officer Robert McDonald late last month seems to many to have been a reaction to pressure from one of the company’s largest shareholders upset with the poor performance of P&G’s stock. Analysts and those close to the company’s situation say
NEW YORK — The budding partnership between Walgreen Co., Alliance Boots GmbH and AmerisourceBergen Corp. has taken several steps forward, with regulators in the United States and Europe clearing the way for the first two companies to assume an equity stake in the third. The actions pave the way for the short-term purchase of 7%
WOONSOCKET, R.I. — Women and nonwhites taking statins are more likely to be nonadherent than other patient groups, recent research from CVS Caremark Corp. and Brigham and Women’s Hospital shows. In a report published in the May issue of The American Heart Journal, researchers say that nonwhite patients had 50% greater odds of statin medication
WASHINGTON — For the first time in more than six years, the Centers for Medicare and Medicaid Services (CMS) has a permanent leader. The Senate last month overwhelmingly approved Marilyn Tavenner, President Barack Obama’s nominee, to run the agency, providing the agency with its first confirmed administrator in six and a half years. The 91-to-7
WASHINGTON — New rules from two federal agencies could lead to 2 million fewer people than previously estimated gaining health coverage under the Affordable Care Act (ACA), the Congressional Budget Office (CBO) said last month. About 25 million uninsured people are expected to gain coverage through the use of subsidized health plans or an expansion
NEW YORK — Patients have been very satisfied with their pharmacies for four years running, and the vast majority will continue filling prescriptions at their current pharmacy. Those are among the most significant findings of Boehringer Ingelheim’s Pharmacy Satisfaction Pulse Survey, an online poll of 34,424 adult pharmacy customers that was conducted in October and
CAMP HILL, Pa. — Rite Aid Corp. has refashioned its board of directors. In the wake of three of its 10 members stepping down, the company reduced the size of its board to eight and named former Blue Shield of California chairman and chief executive officer Bruce Bodaken as its newest director. Bodaken, 61, spent
RALEIGH, N.C. — Kerr Drug has introduced a new synchronized prescription refill service. Called Simplify My Meds, the service utilizes Kerr’s new central-fill center in Raleigh to make getting prescriptions filled easier for customers while freeing up pharmacists to spend more time with patients. “We have been moving beyond a simple dispensing model, which is
ARLINGTON, Va. — Many proposed changes to policies governing pharmacy compounding are commendable, but some aspects of Senate legislation on the practice may have unintended consequences, says the National Association of Chain Drug Stores. NACDS conveyed its position in a statement to the Senate Committee on Health, Education, Labor and Pensions in conjunction with a
NEW YORK — Retail pharmacy chains quickly responded to the devastating tornado in Moore, Okla., late last month. The day after the storm tore through the suburb of Oklahoma City, Walgreen Co. mobilized increased shipments of essential supplies to its stores in the area, donated three semi-trailers of food, water and first aid supplies to
WOONSOCKET, R.I. — CVS/pharmacy has launched the Total Home private label home care brand. The line offers a wide range of products for home use from cleaning and cooking to organizing, and the retailer says it has undergone rigorous quality testing to provide exceptional, reliable choices at a 15% to 20% savings compared to popular
ARLINGTON, Va. — Former Secretary of State Hillary Rodham Clinton will be among the guest speakers at the National Association of Chain Drug Stores’ Total Store Expo (TSE) later this year. “Secretary Clinton will bring first-hand insights on some of the most pressing issues facing the world and the nation today,” NACDS president and chief
The first NACDS Marketplace Conference, held so many years ago in Minneapolis, attracted a handful of the curious and the committed, the workers and the wonderers, the doubters and the dutiful, all of whom traipsed to the northern tier of the United States to discern whether anything new was about to alter their business lives
Chain drug store operators and other mass market retailers have much to contemplate as they look to the future. Numerous signs of potential promise and peril appear on the road ahead, challenging executives to discern which of them point to developments that will turn out to have a major impact on their business. A new
