Speculation that Walgreens might be exploring an entry into the medical marijuana business followed a post on tumblr by Walgreens titled "Clarifying Clinical Cannabis." "Though marijuana has been approved for medical use in many states, marijuana is not yet approved for national use by the Food and Drug Administration," noted post author Dahlia Sultan, resident pharmacist, Walgreens and the University of Illinois at Chicago. "Medical marijuana can’t be purchased from a pharmacy like traditional prescriptions. It must be sold through a licensed dispensary in an approved state." (Walgreens on tumblr)
Federal prosecutors have launched a criminal investigation into whether Theranos misled investors about the state of its technology and operations, according to The Wall Street Journal. Walgreens Boots Alliance and the New York State Department of Health have received subpoenas in recent weeks seeking documents and testimony about representations made to them by the Palo Alto, Calif., blood-testing company, the newspaper said. (The Wall Street Journal)
Retailers and technology vendors convened at the fifth annual Health, Wellness and Technology Roundtable to discuss what they see in the current technology today, what they expect in 2016 and some of the unmet technology needs.
In February, CEO Update named National Association of Chain Drug Stores president and CEO Steve Anderson Trade Association CEO of the Year. DSN looks at some of the more important work accomplished by NACDS under Anderson’s leadership.
Prescriptions filled in comparable stores increased 2.8% over the same quarter last year, driven by growth in Medicare Part D prescriptions, while a weak cough, cold and flu season had a negative impact of approximately 30 basis points.
The study found that Walgreens pharmacy patients who used a multi-faceted medication adherence program had a 3% higher medication adherence rate and lower healthcare costs than those who use other pharmacies.