Dept. Pharmacy

  1. Department & Category

Bausch + Lomb gets Health Canada approval for Lumify

VAUGHAN, Ontario — Bausch + Lomb Corp. announced that Health Canada has approved Lumify (brimonidine tartrate ophthalmic solution 0.025% w/v), the first and only over-the-counter eye drop developed with low-dose brimonidine tartrate to relieve redness of the eye due to minor eye irritations for adults. “With Health Canada’s approval of LUMIFY, we are excited to […]
2 min read
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  1. Channel: Grocery

Olympian Sues H-E-B, Supplement Maker For Deceptive Marketing

The Dallas Morning News has a story about how a North Texas Olympic bronze medalist is suing H-E-B and a supplement manufacturer for deceptive marketing and trade practices. Here’s how the News frames the story: “After winning the bronze medal for the United States at the 2016 Olympic Games, Jaqueline Galloway began the long and […]
3 min read
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  1. Channel: Grocery

The GoodRx-Kroger Blowup: Spread Pricing, Pharmacy Margins, and the Future of Discount Cards

A few weeks ago, GoodRx surprised investors with the unpleasant news that a major grocery chain had stopped accepting its discount card for an unspecified number of prescriptions. As I explain below, the unnamed chain appears to be Kroger—the sixth-largest U.S. pharmacy. What’s more, GoodRx disclosed that Kroger accounts for an unexpected one-quarter of its […]
2 min read
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  1. Channel: Drug

Peters, Rauch, Visalatha join Walgreens’ top management

DEERFIELD, Ill. — Walgreens this month added three executive positions to its leadership team, a move the national pharmacy chain said was made to bolster its retail, marketing and customer-experience offerings. The newest team members are Linh Peters, senior vice president and chief marketing officer; Luke Rauch, senior vice president and chief merchandising officer; and […]
2 min read
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  1. Trends & External Forces

Pharmacy is ripe for a bigger role

PALM BEACH, Fla. — The retail pharmacy industry really demonstrated its value to the American health care system in its response to the COVID-19 pandemic, outgoing National Association of Chain Drug Stores chair Colleen Lindholz asserted during her remarks at the association’s Annual Meeting here last month. The challenge going forward will be to build […]
3 min read
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  1. Channel: Mass

New Meijer supercenters anchor growing areas

GRAND RAPIDS, Mich. — Meijer recently opened two new supercenters in northeast Ohio. Located in Brunswick and Canton, the 155,000-square-foot stores are considered retail anchors in developing communities, the company said in announcing grand openings at both locations. Each supercenter offers consumers a state-of-the-art retail experience that features multiple ways to shop, Meijer said. “These […]
2 min read
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  1. Trends & External Forces

Elation pervades in-person NACDS meeting

PALM BEACH, Fla. — There was a distinctly celebratory air here during the NACDS Annual Meeting last month. Both NACDS president and chief executive officer Steve Anderson and incoming chairman Brian Nightengale, president of Good Neighbor Pharmacies, paid tribute to the role that community pharmacy and its suppliers filled during the height of the ongoing […]
3 min read
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  1. Channel: Grocery

Hy-Vee offers pediatric COVID-19 boosters

WEST DES MOINES, Iowa — Hy-Vee, Inc. announced Friday that free Pediatric Pfizer-BioNTech COVID-19 vaccine booster doses are now available by appointment only at select Hy-Vee Pharmacy locations for 5- to 11-year-olds at least 5 months after their second dose. Moderately to severely immunocompromised pediatric patients may also receive a booster dose at least 3 months after their […]
< 1 min read
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  1. Trends & External Forces

Rite Aid offers COVID boosters for kids 5-11

PHILADELPHIA — Rite Aid will begin administering a booster dose of Pfizer’s COVID-19 vaccine at select locations for eligible children ages 5 to 11, following approval by the Centers for Disease Control and Prevention and the Food and Drug Administration, the company said Friday. Bartell Drugs, owned by Rite Aid Corp., will also begin administering boosters […]
2 min read
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  1. Department: HBC

It’s Time to Put Innovative Contracts Under Warranty

Today’s guest post comes from Jane Barlow, Chief Clinical Officer, and Susan Raiola, President of Real Endpoints. Jane and Susan discuss the mechanism and benefits of warranties in the realm of value-based contracts. To learn more about payer-pharma warranty contracts and whether these agreements can solve issues that limit the utility of more traditional value-based […]
2 min read
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  1. Department: HBC

The State of Specialty Pharmacy 2022: Reflections, Trends, and Photos from #Asembia22

Two weeks ago, Paula and I had the pleasure of attending Asembia’s 2022 Specialty Pharmacy Summit at the wonderful Wynn Las Vegas. Below, I violate Vegas code and tell you what happened there. I offer reflections on my keynote session with Scott Gottlieb, share my experiences during the featured session, and highlight three crucial specialty […]
2 min read
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  1. Trends & External Forces

H-E-B opens second wellness clinic

SAN ANTONIO, Texas, — H-E-B has opened two more clinics offering comprehensive health care services. The newest H-E-B Wellness Primary Care clinic opened last week at 8601 South Congress Avenue in Austin. Another clinic in central Texas debuted earlier in May. “In everything we do, our goal at H-E-B is to take care of Texans […]
3 min read
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  1. Channel: Drug

Walgreens names pharmacy leaders

DEERFIELD, Ill.  — Anita Patel has joined Walgreens as vice president of pharmacy services development, a new role. She will be responsible for prioritizing improvements and advancements within existing pharmacy services as well as identifying and prioritizing new opportunities for growth and innovation within healthcare. She will also take on oversight of the company’s COVID-19 […]
< 1 min read
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  1. Department: Food

Unilever and Robomart are Targeting Generation Alpha Are You

  Food Marketing professionals never take a break, and they are always looking a customer ahead.  Global CPG retailer Unilever is actively targeting Generation Alpha.  So just who is Generation Alpha?  They are the children of Generation Y, and often the younger siblings of Generation A.  More that 2.5 million are born globally ever week.  […]
5 min read
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  1. Department: HBC

NACDS RxIMPACT pharmacy tours showcase pharmacy value

ARLINGTON, Va. — NACDS member pharmacies and pharmacy teams are demonstrating tremendous leadership by hosting members of Congress for pharmacy tours as part of the NACDS RxIMPACT grassroots advocacy program. U.S. Representative Jake LaTurner (R-KS) was hosted by The Kroger Co. at a May 5 Topeka, Kan., pharmacy tour. Seventeen NACDS RxIMPACT pharmacy tours have taken place […]
< 1 min read
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  1. Channel: Mass

Walmart Launches Remodel Blitz In Dallas-Fort Worth

The Dallas Morning News reports on how Walmart – which already has a one-third market share in Dallas-Fort Worth – is spending millions of dollars on remodeling some 50 stores there in anticipation of H-E-B’s move into the marketplace with its eponymous stores. According to the story, “Walmart has been building up its online pickup […]
2 min read
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  1. Channel: Delivery

Gopuff May See Its Ambitions Go Up In Smoke

The Information has a story about how food delivery firm Gopuff, while at one point during the pandemic being valued at $15 billion, is experiencing some growing pains. According to the story, “Last fall, discussions led by the founders about raising up to $1 billion in new funding fizzled after some investors balked at Gopuff’s […]
3 min read
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  1. Media & Marketing

Gross-to-Net Bubble Update: 2021 Pricing Realities at 10 Top Drugmakers

Time for Drug Channels’ annual update on pricing at the largest pharmaceutical manufacturers. This year’s review includes 10 companies: Eli Lilly and Company, Genentech, GlaxoSmithKline, Janssen, Merck, Novartis, Novo Nordisk, Sanofi, Takeda, and UCB. You can find links to each company’s data below. When rebates and discounts were factored in, brand-name drug prices declined—or grew […]
2 min read
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  1. Department: HBC

Informa Connect’s Hub and Specialty Pharmacy Models East

Informa Connect’s Hub and Specialty Pharmacy Models East Delivered as a Hybrid Event June 28-30, 2022 | Sheraton Parsippany | Parsippany, NJ www.informaconnect.com/hub-specialty-pharmacy Drug Channels readers will save 10% off the current registration rate when they use code 22DC10*. This important event convenes key stakeholders including manufacturers, specialty pharmacies, hub providers and more for unrivaled […]
3 min read
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  1. Channel: Drug

Walgreens reaches opioid settlement with Florida

DEERFIELD, Ill. — Walgreens has entered into an agreement with the State of Florida to resolve all claims related to the distribution and dispensing of prescription opioid medications across its pharmacies in the state, the company said Thursday. The settlement amount of $683 million includes $620 million to be paid out to the State of […]
2 min read
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  1. Trends & External Forces

CVS raises annual forecast after strong quarter

CVS said that COVID-19 vaccines and testing helped boost its pharmacy business. The company posted earnings per share of $2.22, better than the $2.17 expected by Wall Street. The company raised its forecast for the year to earnings between $8.20 and $8.40 per share. The Wall Street consensus is $8.26.
< 1 min read
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  1. Media & Marketing

DCI’s Top 15 Specialty Pharmacies of 2021—And Three Factors That Will Reshape 2022

In Drug Channels Institute’s list of the top 15 pharmacies of 2021, we show that central-fill, mail pharmacies operated by large PBMs and health insurers have displaced retail chains as the largest prescription drug dispensers by revenues. To complement that broader ranking, we present below our exclusive and updated list of the top 15 pharmacies […]
2 min read
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  1. Trends & External Forces

CVS’ first quarter results beat projections

WOONSOCKET, R.I. — CVS Health reported strong first quarter results, topping analysts’ forecasts for revenue and earnings. Total revenue for the period ended March 31 climbed 11.2% from the year-ago quarter to $76.8 billion, driven by growth across all segments. Wall Street had estimated revenue of $75.3 billion. Adjusted earnings per share rose 8.8% to […]
4 min read
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  1. Channel: Drug

CVS Health names Chaguturu chief medical officer

WOONSOCKET, R.I. — CVS Health has named Dr. Sree Chaguturu executive vice president and chief medical officer effective immediately, the company said Tuesday. Dr. Sree Chaguturu Chaguturu will be responsible for advancing the highest possible clinical quality standards, increasing access to care, improving patient outcomes, and reducing overall health care costs across the enterprise. He […]
2 min read
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  1. Data & Insights

NACDS applauds rule on DIR fee transparency

ARLINGTON, Va. — NACDS on Monday expressed appreciation for a new federal rule that will help to reduce seniors’ out-of-pocket prescription drug costs by improving transparency of exorbitant direct and indirect remuneration (DIR) fees imposed by payers on pharmacies. NACDS insists that comprehensive DIR fee reform now depends on further legislative and regulatory action to […]
2 min read
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  1. Data & Insights

A Game-Changing Shift: Why Pharma Commercial Teams Are Turning to HEOR

Today’s guest post comes from Chris Harvey, Director of Solutions Engineering at Panalgo, and Carolyn Zele, Senior Manager of Solution Enablement at MMIT. Chris and Carolyn discuss the insights that health economics and outcomes research (HEOR) professionals bring to commercial teams. They explain how that pairing benefits both manufacturers and patients. For more on how […]
2 min read
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  1. Trends & External Forces

Is Inflation Cutting Health from Shopper’s Budgets?

Is Inflation Cutting Health from Shopper’s Budgets? Inmar Intellig… Mon, 04/25/2022 – 8:00am “Affordability, as well as other social determinants, has made health equity an increasingly critical focal point for our industry. Seeing these survey results confirm consumers are splitting or skipping doses due to cost is concerning — not just for clinical performance expectations […]
2 min read
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  1. Merchandising

Kinney gears up for Prescription Drug Take-Back Day

GOUVERNEUR, N.Y. – Kinney Drugs is partnering with the U.S. Drug Enforcement Administration (DEA) to host Drug Take Back Day (Saturday 4/30/22) across many of its locations in New York and Vermont. The chain is teaming with the DEA and state and local law enforcement officials to offer individuals safe disposal of expired and/or leftover controlled […]
2 min read
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  1. Channel: Dollar/Value
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  5. Department: Consumer Durables
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Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  3. Department: HBC
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CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
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  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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Developing a Perfect Store Strategy in 2022

In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […]
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