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Rachael Ray launches high-end dog food and treats

BY Alaric DeArment

NEW YORK While she’s better known as a TV chef, Rachael Ray is launching a brand of high-end dog food and treats.

Rachael Ray Nutrish dog food comes in two flavors, Real Chicken and Veggies and Real Beef and Brown Rice. They contain no byproducts, fillers, artificial flavors or preservatives, and they provide antioxidants, omega fatty acids, calcium and other nutrients.

The treats, called Isaboo Booscotti and named after Ray’s dog, Isaboo, come in crunchy bacon and peanut butter flavors and chewy beef and bacon flavors.

Proceeds from sales of the food and treats will go to Rachael’s Rescue, Ray’s animal-rescue organization that helps at-risk animals and provides that with veterinary care and new owners.

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Medco sees double-digit 2Q earnings increase

BY Alaric DeArment

FRANKLIN LAKES, N.J. Medco Health Solutions experienced a 34.2 percent increase in earnings per share for the second quarter of the year, the pharmacy benefit manager reported Thursday.

Medco earned 51 cents a share, compared to 38 cents during the same period last year. The increased earnings resulted from increased sales across the company, including Accredo Health Group.

“This quarter, Medco demonstrated that strong execution around fundamentals of our business on behalf of our customers continues to drive outstanding earnings performance for our shareholders,” Chairman and chief executive officer David Snow Jr. said. “Beyond the quarter, our business strategy fueled extremely strong sales results and industry-leading customer retention rates.”

Medco earned net revenues of more than $44 billion last year.

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CVS raises $4.4 million for ALS research in three weeks

BY Antoinette Alexander

WOONSOCKET, R.I. CVS announced on Friday that it has raised a record-breaking $4.4 million in 21 days through its annual in-store fundraising campaign in June for amyotrophic lateral sclerosis research. This marked the seventh year of the annual effort which, to date, has raised more than $15 million for ALS research.

The official check presentation will take place prior to the Boston Red Sox vs. Yankees game at Fenway Park Friday evening. Tom Ryan, chairman, president and chief executive officer of CVS Caremark, will participate in the check presentation. Expected to join is Red Sox pitcher Mike Timlin.

“We could not be more thrilled with the support from CVS/pharmacy customers for ALS research this year and for the past several years,” stated Jon Roberts, senior vice president and chief information officer of CVS Caremark. “Our CVS/pharmacy customers demonstrated tremendous generosity in recognizing the need for fundraising for ALS research and we are extremely grateful for their support.”

Roberts served as an honorary co-chair of this year’s fundraising campaign with Jeanne Bouley, a former CVS employee and ALS patient.

ALS is a disorder in which there is progressive degeneration of motor nerves in the brain and spinal cord leading to paralysis and death, typically within three to five years. There is no known cause or cure for ALS, which affects 25,000 Americans, with 5,000 new cases diagnosed each year.

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