Content about Law

September 13, 2011

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

NEW YORK — For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

According to the study, retail merchants and financial institutions reported an overall decline in fraud rates and transactions while total retail sales rose. Consumers also experienced a decline in fraud losses overall but the average time it took to resolve fraud issues rose by 57% and the out-of-pocket costs of fraud rose by $244.

September 13, 2011

Methamphetamine use is down by 50%, even as use of illicit drugs continued to climb between 2008 and 2010, according to a national survey conducted by the Substance Abuse and Mental Health Services Administration that was released last week.

ROCKVILLE, Md. — Methamphetamine use is down by 50%, even as use of illicit drugs continued to climb between 2008 and 2010, according to a national survey conducted by the Substance Abuse and Mental Health Services Administration that was released last week.

The number of current methamphetamine users decreased from 731,000 people ages 12 years and older (0.3% of the population) in 2006  to 353,000 (0.1%) in 2010.

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 12, 2011

While settlements constitute the most prominent patent-related issue for generic drugs, two others have cropped up this year as well.


NEW YORK — While settlements constitute the most prominent patent-related issue for generic drugs, two others have cropped up this year as well.


September 9, 2011

Trips are up, but baskets are down, Kroger reported Friday morning, along with positive second-quarter results. Gas sales also are up with the decline in fuel prices, which is an item Kroger continues to use as a stickiness factor with its loyalty card program.

CINCINNATI — Trips are up, but baskets are down, Kroger reported Friday morning, along with positive second-quarter results. Gas sales also are up with the decline in fuel prices, which is an item Kroger continues to use as a stickiness factor with its loyalty card program.

September 9, 2011

The National Association of Chain Drug Stores is calling on Congress to scrutinize the proposed merger of pharmacy benefit managers Express Scripts and Medco and, in a letter submitted Friday to the House of Representatives Ways and Means Subcommittee on Health, outlined the “problems” it believes would result from the mega-merger.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores is calling on Congress to scrutinize the proposed merger of pharmacy benefit managers Express Scripts and Medco and, in a letter submitted Friday to the House of Representatives Ways and Means Subcommittee on Health, outlined the “problems” it believes would result from the mega-merger.

The House panel held a hearing Friday titled “Health Care Industry Consolidation.”

September 9, 2011

"The axis of the healthcare system is shifting toward more accessible and collaborative models,” and both pharmacists and nurse practitioners are “well-positioned to have a substantial impact in a post-reform environment.” That was a key message that Walgreens chief medical officer Cheryl Pegus had for attendees of Forum 11, the annual meeting of the Care Continuum Alliance in San Francisco on Friday.

DEERFIELD, Ill. — "The axis of the healthcare system is shifting toward more accessible and collaborative models,” and both pharmacists and nurse practitioners are “well-positioned to have a substantial impact in a post-reform environment.” That was a key message that Walgreens chief medical officer Cheryl Pegus had for attendees of Forum 11, the annual meeting of the Care Continuum Alliance in San Francisco on Friday.

September 8, 2011

A few months after launching its multichannel platform to inform and educate patients about healthy eating, physical activity and stress management, drug maker Eli Lilly has debuted a new YouTube channel.

INDIANAPOLIS — A few months after launching its multichannel platform to inform and educate patients about healthy eating, physical activity and stress management, drug maker Eli Lilly has debuted a new YouTube channel.

September 6, 2011

Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

NEW YORK — Former Duane Reade CFO William Tennant was sentenced to three years of probation for his securities fraud conviction in June 2010, according to published reports.

Tennant, convicted of one count of securities fraud, was sentenced by U.S. District Judge Deborah Batts in a hearing Tuesday in a Manhattan federal court.

September 6, 2011

The proposed merger between pharmacy benefit managers Express Scripts and Medco Health Solutions hit a speed bump Friday as the Federal Trade Commission requested additional information, indicating that the agency has raised antitrust concerns.

NEW YORK — The proposed merger between pharmacy benefit managers Express Scripts and Medco Health Solutions hit a speed bump Friday as the Federal Trade Commission requested additional information, indicating that the deal has raised antitrust concerns among regulators.

September 6, 2011

Walgreens on Tuesday filed a document with the U.S. Securities and Exchange Commission titled "The Value of Walgreens" that specifically outlined what Walgreens can bring to an employer, exclusive of any relationship with a pharmacy benefit manager, such as Express Scripts.

CHICAGO — Walgreens on Tuesday filed a document with the U.S. Securities and Exchange Commission titled "The Value of Walgreens" that specifically outlined what Walgreens can bring to an employer, exclusive of any relationship with a pharmacy benefit manager, such as Express Scripts. Specifically regarding its negotiations with Express Scripts, Walgreens stated: "Negotiations remain at an impasse, and Walgreens has begun informing patients that we will not be part of the Express Scripts network as of January 1, 2012."

September 1, 2011

The Kentucky Orthopedic Rehab Team on Thursday announced a reduction in employee injuries across Kroger's Mid-South division, thanks to the implementation of a new employee wellness program called Living Life Safe and Well in October.

LOUISVILLE, Ky. — The Kentucky Orthopedic Rehab Team on Thursday announced a reduction in employee injuries across Kroger's Mid-South division, thanks to the implementation of a new employee wellness program called Living Life Safe and Well in October.

September 1, 2011

Pharmaceutical services provider Omnicare celebrated its 30th anniversary as a public company by ringing the closing bell at the New York Stock Exchange at 4 p.m. on Thursday, the company said.

COVINGTON, Ky. — Pharmaceutical services provider Omnicare celebrated its 30th anniversary as a public company by ringing the closing bell at the New York Stock Exchange at 4 p.m. on Thursday, the company said.

CEO John Figueroa presided over the ringing of the bell to mark the occasion, the company said, as did other members of the company's senior leadership team and 30-year employee Tom Marsh.

August 31, 2011

Industry veteran and Bartell Drugs COO Ed Littleton was recognized for his dedication to pharmacy during this year’s National Association of Chain Drug Stores' Pharmacy and Technology Conference and was bestowed the association’s highest honor: the Harold W. Pratt Award.

ALEXANDRIA, Va. — Industry veteran and Bartell Drugs COO Ed Littleton was recognized for his dedication to pharmacy during this year’s National Association of Chain Drug Stores' Pharmacy and Technology Conference and was bestowed the association’s highest honor: the Harold W. Pratt Award.

Serving more than 40 years in the industry, Littleton has spent the last 20 years with Seattle-based Bartell Drugs. Prior to that, he served 22 years with Pay ‘n Save.
 

August 30, 2011

Regional retail pharmacy chain Bartell Drugs has launched its flu vaccination campaign, the Seattle-based company said Tuesday.

SEATTLE — Regional retail pharmacy chain Bartell Drugs has launched its flu vaccination campaign, the Seattle-based company said Tuesday.

Bartell said it would offer a full schedule of in-store vaccinations for individuals on a walk-in basis and a program servicing area businesses. The "in-the-workplace" vaccination program, now in its fifth year, serves businesses with 25 or more employees.

In addition to regular vaccines, the chain is offering Sanofi Pasteur's Fluzone High-Dose vaccine designed for patients 65 and older.

August 29, 2011

Nutrition 21 on Friday announced that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code.

PURCHASE, N.Y. — Nutrition 21 on Friday announced that it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code.

The company does not have sufficient cash to meet a required redemption of its Series J 8% Convertible Preferred Stock on Sept. 11, 2011, for $17.8 million.

Nutrition 21 plans on selling all, or substantially all, of its assets. During the pendency of Nutrition 21's Chapter 11 proceedings, the company will remain in possession of its assets and will continue to operate its business.

August 26, 2011

Kroger has announced that it is offering early flu vaccinations for patients within its 1,900 pharmacy locations nationwide and at the 79 Little Clinic locations in select stores.

CINCINNATI — Kroger has announced that it is offering early flu vaccinations for patients within its 1,900 pharmacy locations nationwide and at the 79 Little Clinic locations in select stores.

The flu shots are administered by Kroger pharmacists or Little Clinic nurse practitioners or physician assistants.

August 26, 2011

Hispanic-owned pharmacy chain Navarro Discount Pharmacy, which is an MBF Healthcare portfolio company, has announced the availability of seasonal flu shots for individuals, families and employer groups.

MIAMI — Hispanic-owned pharmacy chain Navarro Discount Pharmacy, which is an MBF Healthcare portfolio company, has announced the availability of seasonal flu shots for individuals, families and employer groups.

August 24, 2011


Pharmacist Society has grown to more than 35,000 members and combines networking, job searching, continuing education and other services in a regulated user environment.


Pharmacist Society — which Drug Store News introduced at the National Association of Chain Drug Stores’ 2010 Pharmacy and Technology Conference in San Diego and launched in November 2010 under a partnership with professional networking website developer Skipta — has grown to more than 35,000 members and combines networking, job searching, continuing education and other services in a regulated user environment.

August 24, 2011

Bath and beauty brand Calgon, which is managed by Ilex Consumer Products Group, has unveiled new holiday gift sets that are available at Walgreens.

BALTIMORE, Md. — Bath and beauty brand Calgon, which is managed by Ilex Consumer Products Group, has unveiled new holiday gift sets that are available at Walgreens.

The Spa Essentials Set includes body mist, shower gel and foam bath, a pack of bath salts and a shower pouf.

There are two gift sets available, priced at $4.99 each, in Morning Glory and Hawaiian Ginger fragrances.

August 24, 2011


Dispensing narcotics and other highly abused prescription drugs, pharmacies have always been potential targets for robbery and burglary. But a series of violent crimes over the past year and a half have thrown a spotlight on the dangers faced by pharmacy workers and customers, and have galvanized public opinion for tougher laws.



Dispensing narcotics and other highly abused prescription drugs, pharmacies have always been potential targets for robbery and burglary. But a series of violent crimes over the past year and a half — including the killing of a pharmacist, a teenage clerk and two customers in Medford, N.Y., in June, as well as the murders of a pharmacist in Trenton, N.J., and a store clerk in Sacramento, Calif. — have thrown a spotlight on the dangers faced by pharmacy workers and customers, and have galvanized public opinion for tougher laws.


August 24, 2011

If the legacy of a man is measured in the number of people he positively influenced, then surely Charlie Bowlus was a titan of our industry.


SARASOTA, Fla. — If the legacy of a man is measured in the number of people he positively influenced, then surely Charlie Bowlus was a titan of our industry. Not only did he have a profound impact on the personal lives of the people among whom he worked — ECRM employees, retailers and suppliers — he made an indelible mark on the way this industry does business.


August 23, 2011

CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant.

WOONSOCKET, R.I. — CVS Caremark has announced the results of its previously announced solicitation of consents from the registered holders as of 5 p.m. Eastern time on Aug. 8 of its 6.125% senior notes due Aug. 15, 2016, to terminate the replacement capital covenant — which was entered into on May 25, 2007 — for the benefit of the holders of the notes in connection with the issuance of its 6.302% enhanced capital advantaged preferred securities due 2062.

August 22, 2011

H-E-B has acquired three Texas-based Albertsons LLC stores.

SAN ANTONIO — H-E-B has acquired three Texas-based Albertsons LLC stores.

August 22, 2011

The Independent Specialty Pharmacy Coalition is urging the Federal Trade Commission to look into the pending merger between pharmacy benefit managers Express Scripts and Medco Health Solutions, the ISPC said Monday.

WASHINGTON — The Independent Specialty Pharmacy Coalition is urging the Federal Trade Commission to look into the pending merger between pharmacy benefit managers Express Scripts and Medco Health Solutions, the ISPC said Monday.