Content about Pharmaceutical sciences

March 25, 2014

Despite expected headwinds from slower generic drug introductions, comparisons with last year's flu season and severe weather, Walgreens saw solid top-line growth in the second quarter ended Feb. 28, driven by record quarterly sales and record second-quarter prescriptions filled.

Despite expected headwinds from slower generic drug introductions, comparisons with last year's flu season and severe weather, Walgreens saw solid top-line growth in the second quarter ended Feb. 28, driven by record quarterly sales and record second-quarter prescriptions filled.

The company also continued to gain prescription market share while maintaining a firm hold on its costs.

Walgreens posted a sales increase of 5.1% to $19.6 billion for the quarter. First half sales were up 5.5% to $37.9 billion.

January 22, 2014

Mobile is changing the way in which customers manage their drug store needs whether it be filling a prescription, accessing health resources or buying products, and CVS is aiming to take the lead in today’s digital space with a slew of innovative offerings that are yielding some significant results.

Mobile is changing the way in which customers manage their drug store needs whether it be filling a prescription, accessing health resources or buying products, and CVS is aiming to take the lead in today’s digital space with a slew of innovative offerings that are yielding some significant results.

January 15, 2014

With cases of influenza rising across the Midwest, Meijer is participating in a new study by offering free testing for flu and strep throat at its stores in Michigan and allowing its pharmacists to dispense prescription drugs as necessary under a protocol developed by a physician who's also involved.

With cases of influenza rising across the Midwest, Meijer is participating in a new study by offering free testing for flu and strep throat at its stores in Michigan and allowing its pharmacists to dispense prescription drugs as necessary under a protocol developed by a physician who's also involved.

January 6, 2014

Generic drug introductions at Walgreens had a negative impact on total comparable sales, but the company still reported net sales of $7.2 billion, an increase of 7.2%, and a comparable-store sales increase of 6.1% in December.

Generic drug introductions at Walgreens had a negative impact on total comparable sales, but the company still reported net sales of $7.2 billion, an increase of 7.2%, and a comparable-store sales increase of 6.1% in December.

Calendar day shifts positively impacted total comparable sales by 170 basis points, while generic drug introductions in the last 12 months negatively impacted total comparable sales by 70 basis points. December 2013 had one additional Tuesday and one fewer Saturday compared with December 2012.

January 3, 2014

Fewer sales of flu shots and prescription drugs at Rite Aid led to same-store script count decreases. However, the company reported increases in net and same-store sales for December.

Fewer sales of flu shots and prescription drugs at Rite Aid led to same-store script count decreases. However, the company reported increases in net and same-store sales for December.

January 2, 2014

Walgreens, Walmart and Kroger were among major retailers quick to implement temporary new programs designed to help customers coping with one of the many glitches associated with the roll out of the Affordable Care Act.

Walgreens, Walmart and Kroger were among major retailers quick to implement temporary new programs designed to help customers coping with one of the many glitches associated with the roll out of the Affordable Care Act.

December 12, 2013

So far 20 states and the District of Columbia have enacted laws permitting and regulating the use of marijuana for medicinal purposes. Colorado and Washington have gone further and legalized the recreational use of marijuana. Moreover, Americans’ tolerance for the legalization of marijuana is increasing. An October 2013 Gallup poll showed that 58% of Americans favor legalizing marijuana.

So far 20 states and the District of Columbia have enacted laws permitting and regulating the use of marijuana for medicinal purposes. Colorado and Washington have gone further and legalized the recreational use of marijuana. Moreover, Americans’ tolerance for the legalization of marijuana is increasing. An October 2013 Gallup poll showed that 58% of Americans favor legalizing marijuana.

What does this trend mean for retailers, especially those operating in multiple states? The answer is complex, as the law is evolving.

October 1, 2013

Walgreens filled a record 821 million prescriptions which helped boost the company’s retail pharmacy market share for the fiscal year to 19.1%.

Walgreens filled a record 821 million prescriptions which helped boost the company’s retail pharmacy market share for the fiscal year to 19.1%. 

Walgreens posted a sales gain of 0.8% for the fiscal year ended Aug. 31, reaching a record $72.2 billion. Early morning trading boosted Walgreens' share price from a close of $53.80 on Monday to $56.06, an increase of 4.2%.

July 10, 2013

The Retailer Owned Food Distributors & Associates, the largest cooperative of independent food wholesalers, is showing its support for product safety by endorsing the use of best-in-class recall process management technology from Recall InfoLink.

BOISE, Idaho — The Retailer Owned Food Distributors & Associates, the largest cooperative of independent food wholesalers, is showing its support for product safety by endorsing the use of best-in-class recall process management technology from Recall InfoLink. 

The Recall InfoLink solution has been successfully deployed at ROFDA members Affiliated Foods of Amarillo, Associated Grocers-Baton Rouge, Olean Wholesale Grocers and Associated Grocers of the South. Other members are expected to implement the system later this year.

May 2, 2013

Rite Aid's same-store sales decreased 4% in April compared with April 2012 due to an earlier Easter and introductions of new generic drugs, the retail pharmacy chain said.

CAMP HILL, Pa. — Rite Aid's same-store sales decreased 4% in April compared with April 2012 due to an earlier Easter and introductions of new generic drugs, the retail pharmacy chain said.

The numbers released Thursday included a 3.5% decrease in sales on the front end and a 4% decrease in pharmacy sales, but the pharmacy figure included a 4.5% negative effect due to new generics. Same-store prescription count decreased by 0.2%.

Total sales for the month were $1.9 billion, a 4.6% decrease over April 2012's $2 billion.

April 24, 2013

The Food and Drug Administration has launched an interactive map that allows users to find licensed online pharmacies by searching through states' board of pharmacy databases.

SILVER SPRING, Md. — The Food and Drug Administration has launched an interactive map that allows users to find licensed online pharmacies by searching through states' board of pharmacy databases.

The site, BeSafeRx, is designed to help users distinguish between legitimate pharmacies and fake ones, noting that fake pharmacies will often use various means to appear legitimate. "If you cannot confirm that an online pharmacy is licensed in the United States, you should not use that online pharmacy," the site states.

April 11, 2013

Duane Reade has launched its first mobile application for iOS devices. The free app, available in the iTunes store, will facilitate and further enhance customer access to Duane Reade’s pharmacy services, photo printers, prescription refills, Balance Rewards offers, account information and in-store maps.

NEW YORK — Duane Reade has launched its first mobile application for iOS devices. The free app, available in the iTunes store, will facilitate and further enhance customer access to Duane Reade’s pharmacy services, photo printers, prescription refills, Balance Rewards offers, account information and in-store maps.  

April 11, 2013

Rite Aid's profits grew in fourth quarter and fiscal year 2013 amid stronger front-end sales and prescription count, the retail pharmacy chain said Thursday.

CAMP HILL, Pa. — Rite Aid's profits grew in fourth quarter and fiscal year 2013 amid stronger front-end sales and prescription count, the retail pharmacy chain said Thursday.

March 19, 2013

Walgreens reported a better than expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.

Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.

January 8, 2013

If it weren’t for all the noise coming out of Washington, D.C. for the past month about the fiscal cliff and now the debt ceiling, an important development regarding the life and death issue of food safety might have received more attention.

If it weren’t for all the noise coming out of Washington, D.C. for the past month about the fiscal cliff and now the debt ceiling, an important development regarding the life and death issue of food safety might have received more attention.

December 11, 2012

Top officials at Johnson & Johnson and the Food and Drug Administration are among those to receive service and leadership awards from the Food and Drug Law Institute.

WASHINGTON — Top officials at Johnson & Johnson and the Food and Drug Administration are among those to receive service and leadership awards from the Food and Drug Law Institute. The honorees include Minnie Baylor-Henry, worldwide VP for regulatory affairs at Johnson & Johnson Medical Devices & Diagnostics; John M. Taylor III, counselor to the commissioner, Office of the Commissioner, FDA; Alan Bennett, managing partner of the Ropes & Gray DC office and Thomas O. Henteleff, managing partner of Kleinfeld, Kaplan and Becker.

November 20, 2012

Any trickle-down of an improving economy hasn't trickled down to Fred's consumer base, Bruce Efird, Fred's CEO, told analysts Tuesday morning in discussing the discounter's third-quarter results.

Any trickle-down of an improving economy hasn't trickled down to Fred's consumer base, Bruce Efird, Fred's CEO, told analysts Tuesday morning in discussing the discounter's third-quarter results. "During the third quarter we continue to see generally weak economic conditions throughout the Southeast which are clearly weighing heavily on our customers and influencing how they shop for their basic needs," he said. "It's more evident that things are not getting better for our core customers."

November 8, 2012

Members of a prescription drug program offered by Humana to Medicare beneficiaries will soon be able to obtain hypertension drugs from Walmart for a penny.

BENTONVILLE, Ark. — Members of a prescription drug program offered by Humana to Medicare beneficiaries will soon be able to obtain hypertension drugs from Walmart for a penny.

That's right: $0.01.

March 31, 2011

Overall same-store sales at Rite Aid decreased during March while pharmacy and prescription sales increased, the pharmacy retailer said Thursday.

CAMP HILL, Pa. — Overall same-store sales at Rite Aid decreased during March while pharmacy and prescription sales increased, the pharmacy retailer said Thursday.

Compared with last year, front-end same-store sales decreased by 1.8% during the four-week period that ended March 26, which the 4,711-store chain attributed to Easter falling on a later date this year, April 24, than last year, when it occurred on April 4.

January 27, 2011

Rite Aid on Thursday morning posted a same-store sales increase of 1.1% for the four weeks ended Jan. 22, including a 2.2% lift across the front-end and growth of 0.6% in pharmacy comparable sales.

CAMP HILL, Pa. — Rite Aid on Thursday morning posted a same-store sales increase of 1.1% for the four weeks ended Jan. 22, including a 2.2% lift across the front-end and growth of 0.6% in pharmacy comparable sales.

Prescription count at comparable stores was flat compared to the prior-year period.

Total drug store sales were $1.9 billion, which is flat as compared to the same period last year. Prescription revenue accounted for 69.1% of drug store sales, and third-party prescription revenue represented 93.3% of pharmacy sales.

January 11, 2011

Navarro Discount Pharmacies has signed a lease for a new 14,000-sq.-ft. store in North Miami. With a store opening planned for the summer of 2011, North Miami will be the company's 29th store location and its first new store opening since the airport location opened in 2007.

MIAMI — Navarro Discount Pharmacies has signed a lease for a new 14,000-sq.-ft. store in North Miami. With a store opening planned for the summer of 2011, North Miami will be the company's 29th store location and its first new store opening since the airport location opened in 2007.

June 3, 2009

Rite Aid reported that for the five weeks ended May 30, same-store sales increased 0.6%...