PHARMACY

Target to use pharmacy franchise model for its stores in Canada

BY Marianne Wilson

MINNEAPOLIS — Target on Monday announced it will seek independent pharmacists to own and operate the pharmacies in its stores in Canada.

The chain said it will utilize a pharmacy franchise model for its stores north of the border, the first of which will open in March/April 2013. The strategy is different than in the United States, where Target operates its own in-store pharmacies.

"We have worked hard to understand the Canadian healthcare landscape and believe our unique pharmacy franchise model will greatly appeal to pharmacists while best serving the needs of patients in Canada,” Target Canada president Tony Fisher said.

Target said it created a best-in-class pharmacy franchise model specifically for the Canadian marketplace. In addition to meeting patients’ healthcare needs, the model provides pharmacists with a unique opportunity to own and grow a pharmacy business with no entry fees and the support of a national retailer.

Target said it will begin its search for pharmacist franchise owners in March 2012.


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PHARMACY

Crossmark forms Crossmark Drug and Value business unit

BY Allison Cerra

PLANO, Texas — Crossmark has added a new business unit to its sales agency.

The sales and marketing services company said Crossmark Drug and Value — a unit consisting of Crossmark MPG Drug and Crossmark Value — is dedicated to providing growth solutions for manufacturer and retailer clients in the drug and value channels.

In line with the formation of the unit, the company appointed Alex Yakulis to serve as VP, general manager.

“Crossmark will provide strategic headquarter and analytical support to assist clients in achieving their desired outcomes,” Yakulis said. “This will be complemented by retail merchandising support at more than 40,000 retail locations in these two channels.”

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h.nelson says:
Feb-07-2012 04:33 am

That's really a great news Crossmark have really increased their business and reached at every part, and all their retailers have also been in part to help them and expand their business,and i am on of it online medical assistant courses and it great to be a part of such a unit.

D.WENDLAND says:
Feb-01-2012 09:11 am

Well deserved achievement for Alex - he's one of this industry's true leaders. Best wishes in the new venture.

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PHARMACY

FDA approves Hi-Tech Pharmacal’s anxiety drug

BY Alaric DeArment

AMITYVILLE, N.Y. — The Food and Drug Administration has approved a generic drug for anxiety made by Hi-Tech Pharmacal, the drug maker said Tuesday.

The FDA approved Hi-Tech’s lorazepam oral concentrate in the 2-mg-per-mL strength, a generic version of Roxanne Labs’ Intensol.

Branded and generic versions of the drug had sales of $10 million in 2011, according to IMS Health.


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