Content about Business

November 29, 2010

CVS/pharmacy is encouraging African-Americans to get a seasonal flu shot as African-Americans have lower influenza and pneumococcal immunization rates, compared with the rest of the population

NEW YORK — CVS/pharmacy is encouraging African-Americans to get a seasonal flu shot as African-Americans have lower influenza and pneumococcal immunization rates, compared with the rest of the population.

November 29, 2010

Danone will boost its yogurt business with its acquisition of YoCream International.

PORTLAND, Ore. — Danone will boost its yogurt business with its acquisition of YoCream International.

Danone offered to acquire YoCream for about $39.82 in cash for each share, or $103 million, YoCream said. The company said it expected the transaction to close before Dec. 28.

November 29, 2010

Walgreens' chief medical officer will discuss the evidence-based medicine design and impact of a diabetes management program delivered by pharmacists at both workplace and community pharmacies during an upcoming conference, the drug store chain said.

DEERFIELD, Ill. — Walgreens' chief medical officer will discuss the evidence-based medicine design and impact of a diabetes management program delivered by pharmacists at both workplace and community pharmacies during an upcoming conference, the drug store chain said.

November 24, 2010

More than half of people with diabetes struggle to pay for their medical supplies, according to a poll by diabetes community network dLife.com.

WESTPORT, Conn. — More than half of people with diabetes struggle to pay for their medical supplies, according to a poll by diabetes community network dLife.com.

The poll also found that 49% of the more than 800 people surveyed were able to make ends meet with income and health insurance, but still felt stress, particularly during certain months of the year.

Meanwhile, more than 30% reported having to cut back on prescription drugs, supplies and medical care, while 16% accepted community or government assistance programs.

November 24, 2010

Just one week after clearing the antitrust hurdle to acquire American Safety Razor, Energizer announced that its acquisition of the company now is complete.

ST. LOUIS — Just one week after clearing the antitrust hurdle to acquire American Safety Razor, Energizer announced that its acquisition of the company now is complete.

Energizer purchased substantially all of the assets of American Safety Razor for $301 million in cash and the assumption of certain liabilities, the company said.

As previously reported by Drug Store News, Energizer announced in early October that it was the winning bidder for ASR in bankruptcy court proceedings.

November 24, 2010

A 45-year Kroger veteran will retire from his post in February.

CINCINNATI — A 45-year Kroger veteran will retire from his post in February.

Paul Scutt, who began his career with Kroger in 1965 as a store clerk, currently serves at the retailer's SVP retail operations.

November 24, 2010

This is part of the future of health care that Walgreens envisioned when it first began to make a major commitment to specialty pharmacy — it knew it could save payers and patients a whole lot of money.

WHAT IT MEANS AND WHY IT'S IMPORTANT — This is part of the future of health care that Walgreens envisioned when it first began to make a major commitment to specialty pharmacy — it knew it could save payers and patients a whole lot of money.

(THE NEWS: Walgreens promotes big savings via monitored oncology Rx therapy. For the full story, click here)

November 24, 2010

Rite Aid is offering customers ways to earn money back on purchases made from Black Friday through Christmas Eve.

CAMP HILL, Pa. — Rite Aid is offering customers ways to earn money back on purchases made from Black Friday through Christmas Eve.

November 24, 2010

SC Johnson has announced the release of a new campaign designed to emphasize the company's commitment to disclosing the ingredients in its products.

RACINE, Wis. — SC Johnson has announced the release of a new campaign designed to emphasize the company's commitment to disclosing the ingredients in its products.

November 24, 2010

Most of the newly elected and re-elected Republican members of Congress, Tea Party candidates in particular, vowed to whittle down or repeal healthcare reform once in office, but the healthcare companies that stand to benefit hope to change their minds, as some of their lobbying activities last quarter have shown.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Most of the newly elected and re-elected Republican members of Congress, Tea Party candidates in particular, vowed to whittle down or repeal healthcare reform once in office, but the healthcare companies that stand to benefit hope to change their minds, as some of their lobbying activities last quarter have shown.

(THE NEWS: Report: PhRMA's lobbying efforts total more than $5 million in Q3. For the full story, click here)

November 24, 2010

A regional supermarket chain is extending its charitable holiday campaign to help feed more than 165,000 people in need this Thanksgiving.

SAN BERNARDINO, Calif. — A regional supermarket chain is extending its charitable holiday campaign to help feed more than 165,000 people in need this Thanksgiving.

November 24, 2010

The number of Americans diagnosed with diabetes and the related costs of the disease could reach catastrophic proportions, according to new research by the UnitedHealth Group.

WASHINGTON — The number of Americans diagnosed with diabetes and the related costs of the disease could reach catastrophic proportions, according to new research by the UnitedHealth Group.

November 22, 2010

CVS/pharmacy is gearing up for one of the biggest sales days of the year: Black Friday ...

WOONSOCKET, R.I. CVS/pharmacy is gearing up for one of the biggest sales days of the year: Black Friday.

The drug store chain said that from Nov. 25 through Nov. 27, customers can enjoy deep discounts on must-have gifts, toys and electronics, as well as additional incentives through its ExtraCare program. CVS/pharmacy shoppers that use their ExtraCare cards can earn 2% back on nearly every purchase and receive instant Extra Bucks every time they shop, simply by purchasing specially advertised items.

November 22, 2010

Several organizations want Congress to reverse a provision in the healthcare-reform act that would prohibit the use of FSAs to purchase OTC medicines without a prescription ...

COLORADO SPRINGS, Colo. Several organizations representing retailers and consumer healthcare product manufacturers want Congress to reverse a provision in the healthcare-reform act that would prohibit the use of flexible spending accounts to purchase over-the-counter medicines without a prescription.

November 22, 2010

Several organizations want Congress to reverse a provision in the healthcare-reform act that would prohibit the use of FSAs to purchase OTC medicines without a prescription ...

COLORADO SPRINGS, Colo. Several organizations representing retailers and consumer healthcare product manufacturers want Congress to reverse a provision in the healthcare-reform act that would prohibit the use of flexible spending accounts to purchase over-the-counter medicines without a prescription.

November 22, 2010

ALEXANDRIA, Va. In another bid to boost the standing of pharmacists in a changing healthcare system, the National Association of Chain Drug Stores urged a leading healthcare think-tank and advocacy group to adopt health quality standards that include a broader role for retail pharmacy professionals.

November 22, 2010

NEW YORK A daily dose of an anti-retroviral pill appears to prevent HIV infection, according to results of a study conducted by University of California at San Francisco researchers, published in The New England Journal of Medicine on Tuesday.

November 22, 2010

Consumers shopping this Black Friday will spend in a “mindful manner,” according to a new...

November 22, 2010

Consumers shopping this Black Friday will spend in a “mindful manner" ...

SCHAUMBURG, Ill. Consumers shopping this Black Friday will spend in a “mindful manner,” according to a new Nielsen survey.

While 1-in-5 Americans confirmed they will shop on Black Friday, 61% of those surveyed said that they only planned to spend $100 to $500, and 60% of those surveyed will be armed with a shopping list. Other findings included:

  • Of the 19% of Americans planning to shop Black Friday, 10% will be shopping Black Friday for the first time;

November 21, 2010

A popular greeting card maker is setting its sights on a new place to call...

BROOKLYN, Ohio A popular greeting card maker is setting its sights on a new place to call home.

American Greetings on Friday said it is focusing on seven sites for the location of its 2,000-employee corporate headquarters. The headquarters currently is in Brooklyn, Ohio.

 

November 21, 2010

Budget-conscious parents looking to entertain their kids this holiday season can look no further than...

HAWTHORNE, N.Y. Budget-conscious parents looking to entertain their kids this holiday season can look no further than Allstar Products Group's Bendaroos.

Bendaroos, the flexible, bending sticks that provide hours of fun, now are available in glow-in-the-dark and SpongeBob SquarePants packs. Available in a 500-piece pack for $19.99 and 300-piece pack for $14.99, Bendaroos are a great stocking stuffer for crafty kids. Other pack sizes available include 100- and 200-piece packs for $5.99 to $9.99.

November 21, 2010

Borba, a maker of nutraceuticals and cosmeceuticals, is expanding its portfolio with an exclusive Walgreens...

WOODLAND HILLS, Calif. Borba, a maker of nutraceuticals and cosmeceuticals, is expanding its portfolio with an exclusive Walgreens capsule collection of skin care products and supplements.

The 19-piece collection ranges from advancements in skin care, such as a 4-in-1 active cleanser to a 100+ SPF cream for mass. In addition, a supplement line encompassing weight management, anti-aging, skin clarity and stress relief in a snack-based form are priced from $9.99.

November 21, 2010

Pfizer has extended the deadline of its $3.6 billion offer to buy King Pharmaceuticals, Pfizer...

NEW YORK Pfizer has extended the deadline of its $3.6 billion offer to buy King Pharmaceuticals, Pfizer said Monday.

 

Pfizer said it had extended its tender offer to Dec. 17 because certain conditions had not been met, but the two companies plan to have it finished by the end of this year or the beginning of next year.

 

 

King, based in Bristol, Tenn., specializes in branded opioid prescription painkillers.

 

November 21, 2010

Elmer's is extending its hardware line with two new "max" versions of its glue products....

COLUMBUS, Ohio Elmer's is extending its hardware line with two new "max" versions of its glue products.

Elmer's new Carpenter's Wood Glue Max and Glue-All Max products enhance the strength and performance of two of Elmer's most well-known brands, the company said.

Elmer's products are available nationwide.

November 21, 2010

Mobile shoppers will account for nearly one-third of the money spent this holiday season by...

FRAMINGHAM, Mass. Mobile shoppers will account for nearly one-third of the money spent this holiday season by U.S. consumers, according to IDC Retail Insights.