April 12, 2013

CVS/pharmacy on Friday announced that up to 1 million free smartphones will be offered to eligible customers, allowing easy access to its convenient mobile app.

April 12, 2013

Drug companies' pharmaceutical portfolio management teams spend most of their time and budgets supporting niche products, according to a new study.

April 12, 2013

The Food and Drug Administration has approved a contraceptive therapy made by Lupin Pharmaceuticals, the Indian drug maker said Friday.

April 12, 2013

An inspection of more than two-dozen compounding pharmacies by Food and Drug Administration officials has found widespread problems with sanitation and sterilization practices, FDA commissioner Margaret Hamburg wrote in a blog post on the agency's website Thursday.

April 12, 2013

Homeostasis Labs was named "Best New Product" by retail buyers attending the ECRM Home Health Care conference last month for a new sugar-free line of dietary supplements formulated to boost health for people with diabetes.

April 12, 2013

Mars Chocolate North America offered Drug Store News a sneak-peek at the company's anticipated lineup for Valentine's Day 2014. The company plans a robust line of products with plenty of new items for retail shelves.

April 12, 2013

There may be a new metric to track retail success or failure, according to a Motley Fool article posted last week — employees per thousand square feet. The metric helps draw a correlation between service and sales productivity.

April 12, 2013

A proposal to further reduce Medicaid drug reimbursement that was included in President Obama’s fiscal year 2014 budget plan is “premature” and federal Medicaid officials should focus on modifying and completing already proposed regulations to set future federal upper limits for reimbursement of most generic drugs, the National Association of Chain Drug Stores and the National Community Pharmacists Association said.

April 12, 2013

Early last week the National Advertising Division recommended that Bausch + Lomb modify or discontinue certain claims made in an advertorial context that refer to Alcon Laboratories' Opti-Free RepleniSH contact lens solution.

April 12, 2013

Rite Aid reported a $123.1 million profit for fourth quarter 2013 and $118.1 million for the fiscal year - its first profitable year since 2007 - amid greater generic drug penetration and retention of at least three-quarters of the customers who switched over to the chain during the dispute between Walgreens and pharmacy benefit manager Express Scripts, among other factors.

In other words, the factors that helped fuel the nearly $62 million profit the company reported in third quarter 2013 have continued to hold, which means the 4,623-store chain has put itself on track for strong future growth, which will no doubt be helped along by the debt refinancing the company finished in February.

April 12, 2013

The makers of a new smartphone app say it will synchronize engagement between pharmacists and patients through mobile devices, social media, websites and printed media.

April 12, 2013

A new Kalorama Information report found that most patients — 91% — who had used a retail clinic were either satisfied or very satisfied with their visit.

The findings are in line with prior studies, which have long been reported by Drug Store News, and are yet further evidence that retail clinics are playing a vital role in the U.S. healthcare system.

April 12, 2013

Target has accepted for purchase $760.7 million worth of debt as part of a $1.1 billion debt-refinancing plan announced last month, the mass merchandiser said.

April 12, 2013

A leading category manager who purchases a $4 billion category of business shared with me during a recent interview that he believes less than 5% of the companies calling on him “truly create meaningful value” and actually “get it.” He went on to share that, “they don’t understand or appreciate my definition of value.”

April 12, 2013

Healthcare accrediting organization URAC is calling for public comment on a new set of standards it has issued for accountable care, the group said.

April 12, 2013

Walgreens released a research article on how health care focused on outcomes could really contribute to lowering healthcare costs. The idea is that by improving individual patient experience, improving the health of the overall patient population and reducing the per capita cost of health care, you can realize better patient outcomes out of invested health resources.

If you take a real close look at what core competencies are necessary to better realize success in that approach, it becomes evident that retail pharmacy is an ideal setting for the process.

April 11, 2013

Chattem announced the launch of Allegra Anti-Itch Cooling Relief Cream and Allegra Anti-Itch Intensive Relief Cream.

April 11, 2013

Three Democratic lawmakers on Wednesday released a report that found inconsistencies in the labeling and classification of energy drinks, extensive marketing to adolescents and young adults through social media and events, and high caffeine levels that exceed what is considered safe in soda by the Food and Drug Administration.

April 11, 2013

Club retailer Costco Wholesale announced sales grew by 7% in March compared with March 2012, the company said.

April 11, 2013

The increased availability of generics combined with CVS Caremark's generic dispensing rate of 77.4% helped reduce spending on traditional medications by 3.6% for the company's commercial clients, according to its newly released annual insights report.

April 11, 2013

Dermatologist Dr. Fredric Brandt is bringing to retail a mattifying version of a coveted formula to market: BB matte.

April 11, 2013

Family Dollar Stores reported a net sales increase of 17.7% to $2.9 billion for the second quarter ended March 2.

April 11, 2013

Adding to its current array of more than 100 different colors and styles, Goody has unveiled new technology and designer-inspired patterns, prints and hues for its Ouchless collection of hair accessories. 
 


April 11, 2013

The healthcare industry's supply chain may have a few tips and tricks to pick up from the retail industry's supply chain, according to a new study by researchers at the University of Arkansas.