The year appears to be off to a good start, and CVS Caremark executives were optimistic Wednesday morning as the company pulled in a “strong” first quarter and narrowed its 2013 guidance to reflect higher-than-expected performance.
CVS Caremark announced that it was among several national companies represented at an event hosted on Tuesday by President Obama, VP Joe Biden, First Lady Michelle Obama and Dr. Jill Biden as part of the Joining Forces initiative.
Supervalu has appointed Rite Aid president, chairman and CEO John Standley to its board of directors, the supermarket operator said. The company also announced the appointment of Cerberus Capital Management COO and general counsel Mark Neporent.
Safeway announced that Robert Edwards, currently the company's president, will succeed Steven Burd as CEO when Burd retires as chairman and CEO on May 14. Edwards, 57, will also join the company's board of directors.
With National Drug Take Back Day scheduled for April 27 and in light of a new national study revealing that 1-out-of-4 teenagers has misused or abused a prescription medication at least once, CVS Caremark is reminding families that proper management, storage and disposal of their medication can reduce access to drugs by young people in their homes.
The Marketplace Fairness Act is one step closer to passing. The Senate voted 63-30 to end debate on the bill, which would compel online retailers to collect state taxes, and will make a final decision on the bill on May 6.
AmerisourceBergen's base of 3,452 independently owned Good Neighbor Pharmacies will be another benefactor out of the wholesaler's blockbuster agreement with Walgreens and Alliance Boots, AmerisourceBergen CEO, president, director and chairman Steven Collis told analysts during a conference call Thursday.
Max-Wellness on Wednesday announced that it will open the first of its new concept Mini-Max stores in The Center for Healthy Living situated on the 83-acre campus of Moorings Park, an upscale Naples, Fla., retirement community.
Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012.
The House Committee on Energy and Commerce Subcommittee on Health heard testimony on Thursday morning from representatives of the Food and Drug Administration and several industry trade groups following the introduction of draft legislation that sponsors said would strengthen the country's pharmaceutical supply chain.