Content about Business Relation

February 10, 2012

The regulatory review of the Express Scripts-Medco merger now is in its final stages, and with the clock ticking down to that 30-day deadline, you can expect a full court-press from retail pharmacy interests looking to block the deal.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The regulatory review of the Express Scripts-Medco merger now is in its final stages, and with the clock ticking down to that 30-day deadline, you can expect a full court-press from retail pharmacy interests looking to block the deal. The time for the three-point finesse shots from the corners of the court has passed, it's now time to charge the net and jam the message home; an Express Scripts-Medco merger is bad both for the retail pharmacy business and for consumers. However, it just might be good for CVS Caremark.

February 3, 2012

The move by Katz Group to shed its independent and franchise businesses marks a shift in the Canadian market and likely sets the stage for even more changes north of the border. And while it remains unclear just how the pharmacy retail landscape in Canada will look in the years ahead, what is clear is that the winds of change are blowing, and industry eyes will remain fixed on the Canadian market, perhaps now more than ever.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The move by Katz Group to shed its independent and franchise businesses marks a shift in the Canadian market and likely sets the stage for even more changes north of the border. And while it remains unclear just how the pharmacy retail landscape in Canada will look in the years ahead, what is clear is that the winds of change are blowing, and industry eyes will remain fixed on the Canadian market, perhaps now more than ever.

February 2, 2012

Walgreens on Thursday inserted another piece into its comprehensive healthcare offering, just in time for the PBM selling season, with the acquisition of BioScrip's community specialty pharmacies.

DEERFIELD, Ill. — Walgreens on Thursday inserted another piece into its comprehensive healthcare offering, just in time for the PBM selling season, with the acquisition of BioScrip's community specialty pharmacies.

Walgreens and BioScrip announced that they have entered into a definitive agreement under which Walgreens will acquire certain assets of BioScrip's community specialty pharmacies and centralized specialty and mail-service pharmacy businesses for a total deal value of approximately $225 million.

February 1, 2012

Redbox, a division of Coinstar, announced Tuesday it has renewed its agreement with Walmart to continue featuring Redbox kiosks at more than 3,700 Walmart locations nationwide.

OAKBROOK TERRACE, Ill. — Redbox, a division of Coinstar, announced Tuesday it has renewed its agreement with Walmart to continue featuring Redbox kiosks at more than 3,700 Walmart locations nationwide.

The agreement extends the availability of Redbox kiosks and builds upon the companies' more than 5-year relationship, said Redbox.

The first Redbox kiosks were installed in Walmart stores in 2006.

January 30, 2012

Rite Aid is stocking up on items related to Valentine's Day to help customers celebrate the holiday, the retail pharmacy chain said Monday.

CAMP HILL, Pa. — Rite Aid is stocking up on items related to Valentine's Day to help customers celebrate the holiday, the retail pharmacy chain said Monday.

January 20, 2012

In this issue of DSN, we explore what we believe are 10 keys to driving growth across CVS' network and transforming the retail health landscape.

CVS Caremark is reinventing pharmacy and unlocking the full potential of its distinctive model. The company is doing this by capitalizing on what Larry Merlo, president and CEO, has referred to as “integration sweet spots,” which are capabilities unique to CVS Caremark’s integrated model. In this issue of DSN, we explore what we believe are 10 keys to driving growth across CVS' network and transforming the retail health landscape.

January 20, 2012

Walgreens’ contract with Express Scripts expired, and millions of Walgreens customers covered by ESI were forced to either move their pharmacy business or come up with some other way to stick with Walgreens. Drug Store News interviewed Walgreens president and CEO Greg Wasson on what the company is doing to hold on to those customers and how it is appealing to payers.

On Jan. 1, Walgreens’ contract with Express Scripts expired, and millions of Walgreens customers covered by ESI were forced to either move their pharmacy business or come up with some other way to stick with Walgreens. Drug Store News interviewed Walgreens president and CEO Greg Wasson on what the company is doing to hold on to those customers and how it is appealing to payers.

January 5, 2012

Biogen Idec and Isis Pharmaceuticals will work together on a drug invented by Isis for spinal muscular atrophy, the two companies said.

WESTON, Mass. — Biogen Idec and Isis Pharmaceuticals will work together on a drug invented by Isis for spinal muscular atrophy, the two companies said.

According to the companies, SMA is the most common genetic cause of infant mortality and causes muscle atrophy and weakness, occurring in 1-in-10,000 births. While children with the condition appear normal at birth, symptoms can develop within a few months and significantly shorten their lifespan. The drug, ISIS-SMNRx, is designed to compensate for the underlying genetic defect that causes SMA.

December 23, 2011

Drug maker Bristol-Myers Squibb and the Gladstone Institutes will collaborate to find new ways to treat Alzheimer's disease, the two said Thursday.

SAN FRANCISCO — Drug maker Bristol-Myers Squibb and the Gladstone Institutes will collaborate to find new ways to treat Alzheimer's disease, the two said Thursday.

December 21, 2011

CVS Caremark’s MinuteClinic and UMass Memorial Health Care, the largest healthcare system in central and western Massachusetts and the clinical partner of the University of Massachusetts Medical School, have entered into a clinical collaboration to enhance access to healthcare services in central Massachusetts.

WOONSOCKET, R.I., and WORCESTER, Mass. — CVS Caremark’s MinuteClinic and UMass Memorial Health Care, the largest healthcare system in central and western Massachusetts and the clinical partner of the University of Massachusetts Medical School, have entered into a clinical collaboration to enhance access to healthcare services in central Massachusetts.

December 21, 2011

Rite Aid is planning to roll out 3-D holographic display kiosks in its stores next year, according to the kiosks' manufacturer.

CHATSWORTH, Calif. — Rite Aid is planning to roll out 3-D holographic display kiosks in its stores next year, according to the kiosks' manufacturer.

In a letter to shareholders, Provision Interactive Technologies president and CEO Curt Thornton wrote that it would place its 3-D Reward Centers in Rite Aid stores, starting with 200 stores and, according to the agreement between the two companies, eventually installing the kiosks in up to 4,800 stores. Rite Aid currently has 4,679 stores.

December 21, 2011

As Walgreens girds itself for life outside of the Express Scripts pharmacy network, company executives, over the course of a Wednesday morning first-quarter conference call, continued to maintain that they, along with healthcare payers and employers, will be better off for it.

DEERFIELD, Ill. — As Walgreens girds itself for life outside of the Express Scripts pharmacy network, company executives, over the course of a Wednesday morning first-quarter conference call, continued to maintain that they, along with healthcare payers and employers, will be better off for it.

December 20, 2011

At its annual Analyst Day in New York on Tuesday, CVS Caremark executives outlined strong growth for 2012 and unveiled several new offerings and initiatives that are expected to help drive profitable long-term growth as it works to reinvent pharmacy and focus on its “integration sweet spots.”

NEW YORK — At its annual Analyst Day in New York on Tuesday, CVS Caremark executives outlined strong growth for 2012 and unveiled several new offerings and initiatives that are expected to help drive profitable long-term growth as it works to reinvent pharmacy and focus on its “integration sweet spots.”

December 16, 2011

CVS Caremark’s MinuteClinic has entered a clinical affiliation with Carolinas HealthCare System, which provides medical services at more than 650 care locations in North and South Carolina. The collaboration includes 16 MinuteClinic locations in the greater Charlotte area.

WOONSOCKET, R.I. and CHARLOTTE, N.C. — CVS Caremark’s MinuteClinic has entered a clinical affiliation with Carolinas HealthCare System, which provides medical services at more than 650 care locations in North and South Carolina. The collaboration includes 16 MinuteClinic locations in the greater Charlotte area.

This marks the first such arrangement in North Carolina for the two organizations.

December 13, 2011

The Federal Trade Commission has voted to approve Valeant's acquisitions of Dermik, a unit of French drug maker Sanofi that makes drugs for skin conditions, and Ortho Dermatologics, a division of Johnson & Johnson that also makes skin drugs.

MISSISSAUGA, Ontario — The Federal Trade Commission has voted to approve Valeant's acquisitions of Dermik, a unit of French drug maker Sanofi that makes drugs for skin conditions, and Ortho Dermatologics, a division of Johnson & Johnson that also makes skin drugs.

December 9, 2011

Diplomat Specialty Pharmacy has signed an agreement with a provider of acquisition and management services for oral cancer drugs that the companies said would allow for better access to the drugs and related programs.

SAN DIEGO — Diplomat Specialty Pharmacy has signed an agreement with a provider of acquisition and management services for oral cancer drugs that the companies said would allow for better access to the drugs and related programs.

RainTree Oncology Services announced the agreement with Flint, Mich.-based Diplomat, saying it was building a network of community oncologists through which members will obtain drugs at contracted prices and that the agreement would improve access to clinical and medication management programs.

December 7, 2011

Mars announced that its pet care business has partnered with Rescue Bank to to enable more efficient delivery of pet food donations to animal shelters and rescues.

NASHVILLE — Mars announced that its pet care business has partnered with Rescue Bank to to enable more efficient delivery of pet food donations to animal shelters and rescues.

Mars Petcare, including Mars Petcare US, The Nutro Co. and Royal Canin, have teamed up with Rescue Bank, which "helps provide a reliable means for distributing wholesome, nutritious pet food that is approaching its “best by” date, benefiting both the manufacturers and nonprofit groups caring for pets in need."

December 2, 2011

Adflow Health Networks is planning to provide biometric screening kiosks in Rite Aid stores, the company said.

FORT WASHINGTON, Pa. — Adflow Health Networks is planning to provide biometric screening kiosks in Rite Aid stores, the company said.

The two companies have signed an agreement whereby Adflow will install its Personal Health Centers in all of the retailer's nearly 4,700 stores around the country. The kiosks measure blood pressure and also customize the user's experience based on screen views, tests taken, test results, historical results, age and gender and other data sets.

November 29, 2011

Take Care Health Systems, a subsidiary of Walgreens, on Tuesday announced a relationship with Cisco to operate the LifeConnections Health Center on Cisco's campus in San Jose, Calif.

DEERFIELD, Ill. — Take Care Health Systems, a subsidiary of Walgreens, on Tuesday announced a relationship with Cisco to operate the LifeConnections Health Center on Cisco's campus in San Jose, Calif. The LifeConnections Health Center provides Cisco employees and dependents with comprehensive and integrated health-and-wellness services, including primary care, physical therapy, chiropractic care, acupuncture, vision, health coaching and an on-site Walgreens pharmacy.

November 23, 2011

Facebook wars happen all the time, but it's not often that drug manufacturers duke it out online.

NEW YORK — Facebook wars happen all the time, but it's not often that drug manufacturers duke it out online.

November 17, 2011

EmblemHealth and Walgreens have reached an agreement that allows EmblemHealth and Connecticare members to continue to have access to the Walgreens pharmacy network in 2012, the companies announced Thursday.

NEW YORK — EmblemHealth and Walgreens have reached an agreement that allows EmblemHealth and Connecticare members to continue to have access to the Walgreens pharmacy network in 2012, the companies announced Thursday.

EmblemHealth, through its companies Group Health Incorporated and HIP Health Plan of New York, provides healthcare coverage and administrative services to approximately 2.9 million people, the company said. 

November 16, 2011

When its blockbuster cholesterol drug Lipitor loses patent protection this month, Pfizer is hoping that pharmacy benefit managers will not dispense a generic version of the drug to its customers, according to published reports.

NEW YORK — When its blockbuster cholesterol drug Lipitor loses patent protection this month, Pfizer is hoping that pharmacy benefit managers will not dispense a generic version of the drug to its customers, according to published reports.

Pharmacy benefit managers Medco and Catalyst have agreed to block generic versions of Lipitor from reaching their customers until the end of May 2012, according to Bloomberg. Additionally, the company reportedly is in talks with Express Scripts to have the PBM also block generic versions from reaching customers as well.

November 11, 2011

Eastman Kodak on Friday announced the renewal of its agreement with Ohio-based Discount Drug Mart to be the drug chain’s exclusive supplier of photo finishing technology, products and services.

ROCHESTER, N.Y. — Eastman Kodak on Friday announced the renewal of its agreement with Ohio-based Discount Drug Mart to be the drug chain’s exclusive supplier of photo finishing technology, products and services.

Kodak will continue to support Discount Drug Mart’s fleet of Kodak Picture Kiosks and Kodak Adaptive Picture Exchange thermal dry labs.

November 11, 2011

In an 8-K filing earlier this week, Walgreens broke down its Express Scripts business and challenged many assertions that have been made regarding contract negotiations with Express Scripts.

DEERFIELD, Ill. — In an 8-K filing earlier this week, Walgreens broke down its Express Scripts business and challenged many assertions that have been made regarding contract negotiations with Express Scripts. The overarching theme of the filing suggested Express Scripts has little to gain without Walgreens within the pharmacy network fold but much to lose.

November 3, 2011

CVS Caremark on Thursday reported solid third-quarter results — 2 cents above the high end of its guidance range — driven in large part by better-than-expected performance in its pharmacy benefit management, which is in the midst of a profit-improvement plan.

WOONSOCKET, R.I. — CVS Caremark on Thursday reported solid third-quarter results — 2 cents above the high end of its guidance range — driven in large part by better-than-expected performance in its pharmacy benefit management, which is in the midst of a profit-improvement plan.