Allergan reports mixed results for Q2
IRVINE, Calif. Drug maker Allergan had mixed results during second quarter 2009, according to an earnings release Friday.
The Irvine, Calif.-based company reported diluted earnings per share of 58 cents, compared to 47 cents in second quarter 2008.
At the same time, total product net sales were $1.1 billion, a 3.2% decrease, compared with second quarter 2008 thanks to currency exchange rates, while net sales of specialty pharmaceuticals decreased by 0.6%. Medical device net sales decreased by 14%.
CVS/pharmacy makes enhancements to Web site, point-of-sales devices for visually impaired customers
WOONSOCKET, R.I. CVS/pharmacy, in collaboration with state and national organizations for the blind, is enhancing accessibility for the visually impaired to its Web site and store point-of-sales devices, the retailer announced on Thursday.
CVS/pharmacy is collaborating with the American Foundation for the Blind, American Council of the Blind and California Council of the Blind.
“We are pleased to collaborate with organizations committed to advocacy for the blind and introduce service enhancements in our stores and online that will increase access for our visually impaired customers,” stated Helena Foulkes, EVP and CMO of CVS Caremark.
To help customers who cannot read information on a flat screen point-of-sale devices, the stores have been equipped, at a minimum, with a tactile device at both the front check-out counter and the pharmacy counter to ensure that customers do not have to provide their PIN to a store employee. The company is also training its store associates to provide appropriate interaction with visually impaired customers regarding the use of the new tactile devices.
The company’s Web site, located at www.cvs.com, will be enhanced by the end of 2009 to ensure that people with a wide range of disabilities can access the site, including blind computer users who use a screen reader or magnification technology on their computers and those who rely on a keyboard instead of a mouse.
Rite Aid reports loss in same-store sales for July
CAMP HILL, Pa. Rite Aid announced a 0.6% decrease in same-store sales for the month of July.
The retailer also reported that July front-end same-store sales decreased 4.7% while pharmacy same-store sales, which included an approximate 436 basis points negative impact from new generic introductions, increased 1.4%.
For the four weeks ended July 25, same-store sales excluding the acquired Brooks Eckerd stores were flat with front-end same-store sales decreasing 4.6% and pharmacy same store sales increasing 2.7%. Meanwhile, same-store sales at the acquired Brooks Eckerd stores declined 2% over the prior-year period with front-end same store sales decreasing 5% and pharmacy same-store sales decreasing 1%.
Total drug store sales for the four-week period decreased 2.4% to $1.929 billion ,compared with $1.975 billion for the same period last year. Prescription revenue accounted for 68.1% of drugstore sales, and third party prescription revenue represented 96.2% of pharmacy sales.