CVS Pharmacy & Business News

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Drug Channels ranks pharmacies on 2015 total prescription revenues

Drug Channels on Thursday released its latest ranking of pharmacies based on total prescription revenues, with Walgreens Boots Alliance the largest of retail pharmacies, followed by CVS Health and Walmart. "We estimate that total revenues of retail, mail and specialty pharmacies reached $364.1 billion in 2015, up 12.1% from 2014," wrote Adam Fein, CEO Drug Channels Institute. "The top tier of dispensing pharmacies ... accounted for about 64% of U.S. prescription dispensing revenues in 2015." (Drug Channels)

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Report: CVS to open new location on Vegas strip

A CVS store is expected to open on the Las Vegas strip in May, according to a report by Vegas Inc. published Tuesday. It will be CVS' fourth location to Walgreens' five, the report noted. "They've really been popping up quickly," Ray Germain, associate VP investments with Marcus & Millichap told Vegas Inc. "It's crazy what you'll pay for a little packet of Advil. (Vegas Inc.)