In support of Shoppers Drug Mart's ongoing commitment to women's health, the company and its associate-owners have announced that the 13th annual Tree of Life campaign will run from Sept. 20 to Oct. 17.
Revising year-end guidance on account of reimbursement rate headwinds, Rite Aid's stock took a hit after reporting second-quarter earnings even though the company beat analysts' consensus estimates for the quarter. The retail pharmacy operation recorded second-quarter profit of $127.8 million, or 13 cents per share, more than doubling FactSet consensus analyst estimate of 6 cents a share, according to a MarketWatch report. And while revenue of $6.5 billion was in line with analyst expectations, Rite Aid topped expected same-store sales growth of 3.3% by recording 4.1% in same-store sales growth.
The National Association of Chain Drug Stores has offered its support for new legislation — S. 2862, the Regulatory Transparency, Patient Access, and Effective Drug Enforcement Act of 2014 — which calls for a collaborative, coordinated approach to curbing prescription drug abuse and safeguarding patients.
The National Association of Chain Drug Stores submitted a statement urging transparency, collaboration and prioritization in working with pharmacy and other healthcare stakeholders to help protect patient access and fight prescription drug abuse and diversion.
Kmart Pharmacy has announced that it is offering flu shots in stores for as low as $24.99. In addition, Shop Your Way members who receive their vaccination can get a $5 Kmart gift card with coupon available in select circulars and online.
Good Neighbor Pharmacy, a national independent pharmacy network, on Thursday announced the launch of Good Neighbor Pharmacy University, an online central resource for network members to access information and education.