CVS Caremark board OKs quarterly dividend
WOONSOCKET, R.I. — CVS Caremark announced on Thursday that its board of directors has approved a quarterly dividend.
The board approved a quarterly dividend of 16.25 cents per share on the common stock of the corporation, payable Aug. 3 to holders of record on July 23.
June sales rise for Costco
ISSAQUAH, Wash. — Costco Wholesale reported net sales of nearly $9.2 billion for the month of June, an increase of 6% from the similar period last year.
Overall comparable sales for the period were 3%. U.S. comps also were 3%, while international comps were 2%.
Both year’s five-week periods included 34 days in the U.S. and Canada (U.S. warehouses closed Memorial Day; Canadian warehouses closed July 1, Canada Day).
For the 44 weeks ended July 1, Costco reported net sales of about $80.5 billion, an increase of 10% from $73.4 billion during the similar period last year.
FDA approves generic version of Lyrica
BALTIMORE — The Food and Drug Administration has approved Lupin Pharmaceuticals’ generic version of a drug used to treat pain and seizure disorders.
Lupin announced the approval of pregabalin capsules in the 25-mg, 50-mg, 75-mg, 100-mg, 150-mg, 200-mg, 225-mg and 300-mg strengths. The drug is used to treat fibromyalgia, partial-onset seizures in adults, neuropathic pain associated with diabetic peripheral neuropathy and post-herpetic neuralgia.
The drug is a generic version of C.P. Pharmaceuticals’ Lyrica, which had sales of about $1.8 billion during the 12-month period that ended in March, according to IMS Health.