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December 5, 2011

Shoppers who were out in full force on Black Friday may not walk retail aisles again until just before Christmas — when retailers are expected to heavily discount merchandise — according to the latest America's Research Group/UBS "Christmas Forecast."

CHARLESTON, S.C. — Shoppers who were out in full force on Black Friday may not walk retail aisles again until just before Christmas — when retailers are expected to heavily discount merchandise — according to the latest America's Research Group/UBS "Christmas Forecast."

November 16, 2011

Unigene Labs, a developer of peptide-based therapeutics, on Wednesday appointed Walgreens' Thomas Sabatino Jr. to its board of directors.

BOONTON, N.J. — Unigene Labs, a developer of peptide-based therapeutics, on Wednesday appointed Walgreens' Thomas Sabatino Jr. to its board of directors.

"[Sabatino's] extensive industry experience and impressive track record — specifically, his knowledge of the legal and regulatory landscape for pharmaceutical companies — will be invaluable as Unigene continues to execute against its business transformation," Unigene chairman Richard Levy said.

November 15, 2011

The generic drug lobby is stepping up its efforts to persuade the congressional super committee to avoid adopting rules that would ban some patent settlements between branded and generic drug makers.

WASHINGTON — The generic drug lobby is stepping up its efforts to persuade the congressional super committee to avoid adopting rules that would ban some patent settlements between branded and generic drug makers.

November 11, 2011

Ralcorp Holdings announced that Terence Block will serve as president and COO of Post Holdings, effective Jan. 1, 2012.

ST. LOUIS — Ralcorp Holdings announced that Terence Block will serve as president and COO of Post Holdings, effective Jan. 1, 2012. Block also will join the board of directors of Post Holdings following completion of the separation of the Ralcorp and Post cereal business.

November 10, 2011

CVS Caremark has announced that it will be joining first lady Michelle Obama and the U.S. Chamber of Commerce at the fourth annual "Business Steps Up: Hiring our Heroes" event to be held Thursday in Washington, D.C.

WOONSOCKET, R.I. — CVS Caremark has announced that it will be joining first lady Michelle Obama and the U.S. Chamber of Commerce at the fourth annual "Business Steps Up: Hiring our Heroes" event to be held Thursday in Washington, D.C.

November 9, 2011

Coty has announced that Bart Becht, former Reckitt Benckiser CEO, has joined its board as nonexecutive chairman.

NEW YORK — Coty has announced that Bart Becht, former Reckitt Benckiser CEO, has joined its board as nonexecutive chairman.

Becht stepped down as CEO of Reckitt Benckiser, a U.K.-based consumer goods company, in August 2011.

October 28, 2011

Weis Markets' board of directors on Thursday declared a quarterly dividend of 30 cents.

SUNBURY, Pa. — Weis Markets' board of directors on Thursday declared a quarterly dividend of 30 cents to.

In addition to the 30-cent dividend, the board also offered a special one-time dividend valued at $1 per share as a reward to shareholders, Weis chairman Robert Weis said. The special dividend will be paid to shareholders of record as of Nov. 7 and payable on Nov. 12.

Weis added that the company's $100 million 2011 capital expansion plan is 75% complete.

October 25, 2011

The Federal Trade Commission released a report Tuesday finding that drug companies entered 28 deals that the FTC called anticompetitive and said would increase healthcare costs for consumers and the government.

WASHINGTON — The Federal Trade Commission released a report Tuesday finding that drug companies entered 28 deals that the FTC called anticompetitive and said would increase healthcare costs for consumers and the government.

The FTC, which under the leadership of chairman Jon Leibowitz, repeatedly has attacked what it calls "pay-for-delay" deals between branded and generic drug manufacturers and has been lobbying the Congressional Joint Select Committee on Deficit Reduction, also known as the super committee, to ban the deals.

October 19, 2011

Ortho Clinical Diagnostics, in partnership with the National Association of Chronic Disease Directors, on Wednesday released a survey that determined consumers would more likely discuss health-and-wellness plans with their doctors, and take action, if they understood their blood test numbers.

RARITAN, N.J. — Ortho Clinical Diagnostics, in partnership with the National Association of Chronic Disease Directors, on Wednesday released a survey that determined consumers would more likely discuss health-and-wellness plans with their doctors, and take action, if they understood their blood test numbers.

October 14, 2011

Patients with diabetes may benefit from a system that provides continuous, real-time glucose readings, according to new clinical practice guidelines released by the Endocrine Society.

CHEVY CHASE, Md. — Patients with diabetes may benefit from a system that provides continuous, real-time glucose readings, according to new clinical practice guidelines released by the Endocrine Society.

While most patients with diabetes measure blood glucose by pricking their skin to get a drop of blood and then measuring it with a glucose meter, continuous glucose monitoring measures glucose in the interstitial fluid, the fluid between cells just under the skin.

October 13, 2011

Online marketing campaigns contributed to an in-store sales lift of 21%, according to an analysis of multiple consumer packaged goods online ad campaigns that was released Tuesday by ComScore and DunnhumbyUSA.

RESTON, Va. — Online marketing campaigns contributed to an in-store sales lift of 21%, according to an analysis of multiple consumer packaged goods online ad campaigns that was released Tuesday by ComScore and DunnhumbyUSA.

According to the report, 5-of-every-6 online campaigns generated a positive sales lift among exposed households. Approximately 70% of campaigns generated a double-digit sales lift, and more than 40% generated lifts of at least 30%.

October 12, 2011

Weis Markets on Wednesday reported third-quarter sales of $678.6 million, an increase of 6%. Comparable-store sales increased 6.5% during the thirteen-week period ended Sept. 24.

SUNBURY, Pa. — Weis Markets on Wednesday reported third-quarter sales of $678.6 million, an increase of 6%. Comparable-store sales increased 6.5% during the thirteen-week period ended Sept. 24.

"Our company continues to generate strong results in a difficult economic environment," stated Robert Weis, Weis Markets' chairman. "Cautious consumer spending due to the poor economy continues to impact our business, [and] fuel and wholesale inflation impacted our business during the period."

October 11, 2011

Over the years, CVS Caremark has grown from a go-getting New England-based regional player to a nearly $100 billion pharmacy healthcare giant known for its vertically integrated pharmacy-PBM model via the 2007 acquisition of Caremark, its highly successful loyalty card program and its innovative beauty concepts.


Over the years, CVS Caremark has grown from a go-getting New England-based regional player to a nearly $100 billion pharmacy healthcare giant known for its vertically integrated pharmacy-PBM model via the 2007 acquisition of Caremark, its highly successful loyalty card program and its innovative beauty concepts.


October 10, 2011

Mylan co-founder and former chairman and CEO Milan "Mike" Puskar died Saturday, the generic drug maker said. Puskar, who retired from Mylan as chairman in 2009, was 77.

PITTSBURGH — Mylan co-founder and former chairman and CEO Milan "Mike" Puskar died Saturday, the generic drug maker said. Puskar, who retired from Mylan as chairman in 2009, was 77.

October 6, 2011

Merck chairman Richard Clark is retiring, the company said Thursday.

WHITEHOUSE STATION, N.J. — Merck chairman Richard Clark is retiring, the company said Thursday.

Merck announced that Clark, who remained chairman of the company after stepping down as president and CEO in 2010, would retire from the company and its board of directors as of Dec. 1. Kenneth Frazier took over as president and CEO in January 2011, and the board has elected him to serve as chairman following Clark's departure.

October 5, 2011

The chairman of the House of Representatives' Committee on Education and the Workforce has introduced legislation that is designed to prevent the National Labor Relations Board from implementing sweeping changes to the workplace.

ARLINGTON, Va. — The chairman of the House of Representatives' Committee on Education and the Workforce has introduced legislation that is designed to prevent the National Labor Relations Board from implementing sweeping changes to the workplace.

Jon Kline on Wednesday itnroduced H.R. 3094, the Workforce Democracy and Fairness Act, will force the NLRB to change course and reaffirm the protections workers and employers have received for decades, the House committee said.

October 5, 2011

Rite Aid kicked off its "Rite Aid Shield Yourself, New York" event Wednesday morning at New York's Grand Central Terminal, offering flu vaccinations delivered by Rite Aid pharmacists to the thousands of commuters passing through the Midtown Manhattan train station.

NEW YORK — Rite Aid kicked off its "Rite Aid Shield Yourself, New York" event Wednesday morning at New York's Grand Central Terminal, offering flu vaccinations delivered by Rite Aid pharmacists to the thousands of commuters passing through the Midtown Manhattan train station.

October 4, 2011

Taro Pharmaceutical Industries recently appointed a new member to its board, following the resignation of Hasmukh Shah.

HAWTHORNE, N.Y. — Taro Pharmaceutical Industries recently appointed a new member to its board, following the resignation of Hasmukh Shah.

Shah, who cited personal reasons for leaving the drug maker's board, was replaced by Dov Pekelman, who currently serves as chairman of both Atera Networks and Gilon Investments. Pekelman also served as senior consultant for Teva Pharmaceutical Industries from 1985 to 2008.

Pekelman will serve until Taro's next annual general meeting of shareholders.

September 13, 2011

GMDC members elected two new board members to serve in two-year terms on their board of directors, the association announced Tuesday.

PHOENIX — GMDC members elected two new board members to serve in two-year terms on their board of directors, the association announced Tuesday — Mike Petocchi, business group manager HBC/cosmetics with Wegmans Food Markets and former GMDC chairman Jim Wonderly, VP grocery non-foods/GM Ahold USA.

Additionally, Curtis Maki, VP HBC/GM program management and pharmacy with Topco Associates, was re-elected to serve another two-year term. Maki also will serve as the co-chairman of the Membership Advisory Board.

September 12, 2011

The issue of patent settlements, their effect on drug prices and availability, and by extension their legality has been around for a long time and will likely remain an issue for years to come. But according to a report released in May by the Federal Trade Commission, the settlements have been on the rise, increasing from 16 in 2009 to 31 in 2010.


The issue of patent settlements, their effect on drug prices and availability, and by extension their legality has been around for a long time and will likely remain an issue for years to come. But according to a report released in May by the Federal Trade Commission, the settlements have been on the rise, increasing from 16 in 2009 to 31 in 2010.


September 1, 2011

Branded drugs sold under their generic names at a reduced price can reduce retail and wholesale drug prices, according to a new report by the Federal Trade Commission.

WASHINGTON — Branded drugs sold under their generic names at a reduced price can reduce retail and wholesale drug prices, according to a new report by the Federal Trade Commission.

The FTC report found that when an authorized generic is introduced onto the market, it can lower the expected profits of the generic drug's manufacturer and, over the longer term, affect generic manufacturers' decisions to challenge patents covering branded drugs with low sales, though patent challenges by generic drug makers "remain robust."

September 1, 2011

Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

ISSAQUAH, Wash. — Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

August 29, 2011

The National Association of Chain Drug Stores' Pharmacy and Technology Conference opened Sunday with remarks by conference chairman and Walgreens divisional VP government and community relations Debbie Garza, who highlighted the value of community pharmacy and urged attendees to engage to ensure the vitality of pharmacy's future.

BOSTON — The National Association of Chain Drug Stores' Pharmacy and Technology Conference opened Sunday with remarks by conference chairman and Walgreens divisional VP government and community relations Debbie Garza, who highlighted the value of community pharmacy and urged attendees to engage to ensure the vitality of pharmacy's future.

August 29, 2011

In addressing attendees of the National Association of Chain Drug Stores Pharmacy and Technology Conference, NACDS chairman and H-E-B chief administrative officer Bob Loeffler called for even greater grassroots engagement within the industry and encouraged attendees to participate in NACDS RxImpact, the organization's grassroots campaign to reach political leaders, by attending the Day on Capitol Hill in Washington, D.C.

BOSTON — In addressing attendees of the National Association of Chain Drug Stores Pharmacy and Technology Conference, NACDS chairman and H-E-B chief administrative officer Bob Loeffler called for even greater grassroots engagement within the industry and encouraged attendees to participate in NACDS RxImpact, the organization's grassroots campaign to reach political leaders, by attending the Day on Capitol Hill in Washington, D.C.

August 9, 2011

Online U.S. retail spending in second quarter 2011 reached $37.5 billion for the quarter, up 14% versus a year ago, ComScore reported Monday.

RESTON, Va. — Online U.S. retail spending in second quarter 2011 reached $37.5 billion for the quarter, up 14% versus a year ago, ComScore reported Monday. This growth rate represented the seventh consecutive quarter of positive year-over-year growth and third consecutive quarter of double-digit growth rates.