Content about Pharmacies

April 7, 2014

McKesson on Monday announced that the results of the initial acceptance period of the voluntary public takeover offer for the remaining shares of Celesio AG have been published.

SAN FRANCISCO — McKesson on Monday announced that the results of the initial acceptance period of the voluntary public takeover offer for the remaining shares of Celesio AG have been published. 

McKesson now owns 75.7% of Celesio shares on a fully diluted basis.

Shareholders who did not tender their Celesio shares into the takeover offer during the initial acceptance period may tender their shares within the additional two-week acceptance period. The additional two-week acceptance period will begin on April 8 and will expire on April 22.

March 18, 2014

CVS/pharmacy is now providing ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, the company has announced.

WOONSOCKET, R.I. — CVS/pharmacy is now providing ScripTalk talking prescription labels for prescriptions ordered for home delivery through its online pharmacy, the company has announced.

February 28, 2014

McKesson on Friday announced that the wholesaler has launched a voluntary public takeover offer for the remaining outstanding shares of Celesio through its indirect wholly-owned subsidiary, Dragonfly.

SAN FRANCISCO  — McKesson on Friday announced that the wholesaler has launched a voluntary public takeover offer for the remaining outstanding shares of Celesio through its indirect wholly-owned subsidiary Dragonfly. 

There are no closing conditions in relation to the takeover offer. McKesson currently exceeds 75% ownership of Celesio shares on a fully diluted basis.

February 27, 2014

As one of the most accessible healthcare providers in the community, pharmacists are an ideal resource for consumers on the risks of illegal Internet drug sellers. That was a key message that the National Association of Chain Drug Stores stressed in a statement submitted to a congressional panel.

ARLINGTON, Va. — As one of the most accessible healthcare providers in the community, pharmacists are an ideal resource for consumers on the risks of illegal Internet drug sellers. That was a key message that the National Association of Chain Drug Stores stressed in a statement submitted to a congressional panel.

The U.S. House of Representatives Energy and Commerce Subcommittee on Oversight and Investigations held a hearing titled “Counterfeit Drugs: Fighting Illegal Supply Chains.”

January 31, 2014

If you don't succeed the first time, try, try again. That's exactly what McKesson did when it announced that it reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares. And in a separate and subsequent agreement, McKesson also picked up the Celesio convertible bonds from Elliott.

Nothing good is ever easy. "While the path to securing this acquisition was certainly not what we had originally expected, it would seem that the interested parties to this transaction continued to see the compelling strategic benefit of McKesson and Celesio uniting to form a global leader in health care services," John Hammergren, McKesson chairman, CEO and president, said of the deal. "I never lost sight of the value this transaction will bring to our customers, our supply chain partners, the employees of both organizations and our shareholders."

If you don't succeed the first time, try, try again. That's exactly what McKesson did when it announced that it reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares. And in a separate and subsequent agreement, McKesson also picked up the Celesio convertible bonds from Elliott.

January 14, 2014

McKesson may take another bite of the Celesio apple, suggested Sterne Agee analyst Greg Bolan in a note published Monday.

 NASHVILLE, Tenn. — McKesson may take another bite of the Celesio apple, suggested Sterne Agee analyst Greg Bolan in a note published Monday.

January 13, 2014

McKesson on Monday announced that it was unsuccessful in reaching the 75% completion condition in its offer for the outstanding shares and convertible bonds of Celesio.

SAN FRANCISCO — McKesson on Monday announced that it was unsuccessful in reaching the 75% completion condition in its offer for the outstanding shares and convertible bonds of Celesio.

January 9, 2014

McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 23.50 per share.

SAN FRANCISCO and FRANKFURT, Germany — McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 23.50 per share.

Accordingly, the price McKesson is offering to all shareholders of Celesio by way of a voluntary public takeover offer increases to EUR 23.50 per share.

December 10, 2013

The hedge fund Elliott Management will attempt to block McKesson's offer to acquire the German pharmaceutical wholesaler Celesio because it “substantially undervalues” the company, according to a report in the New York Times published Tuesday.

LONDON — The hedge fund Elliott Management will attempt to block McKesson Corporation’s offer to acquire the German pharmaceutical wholesaler Celesio because it “substantially undervalues” the company, according to a report in the New York Times published Tuesday. 

Elliott has a greater-than 25% share of Celesio and will decline to tender its shares, according to the report. 

December 5, 2013

McKesson announced that the company has launched the voluntary public takeover offer for the outstanding shares of Celesio through its indirect, wholly-owned subsidiary Dragonfly in connection with the announcement on Oct. 24 of McKesson’s agreement to acquire Celesio.

SAN FRANCISCO — McKesson on Thursday announced that the company has launched the voluntary public takeover offer for the outstanding shares of Celesio through its indirect, wholly-owned subsidiary Dragonfly in connection with the announcement on Oct. 24 of McKesson’s agreement to acquire Celesio.

November 26, 2013

Cardinal Health on Tuesday announced that it has renewed a three-year agreement with Prime Therapeutics to continue serving as the primary pharmaceutical supplier for Prime's pharmacy home-delivery service, PrimeMail, and for Prime Therapeutics Specialty Pharmacy.

DUBLIN, Ohio — Cardinal Health on Tuesday announced that it has renewed a three-year agreement with Prime Therapeutics to continue serving as the primary pharmaceutical supplier for Prime's pharmacy home-delivery service, PrimeMail, and for Prime Therapeutics Specialty Pharmacy.

November 1, 2013

The Food and Drug Administration has released a new video that warns consumers against buying drugs from rogue-internet pharmacies, part of the ongoing effort by the agency to keep fake and contaminated drugs out of the U.S. supply chain.

NEW YORK — The Food and Drug Administration has released a new video that warns consumers against buying drugs from rogue-internet pharmacies, part of the ongoing effort by the agency to keep fake and contaminated drugs out of the U.S. supply chain.

October 25, 2013

With is proposed acquisition of German wholesaler Celesio, McKesson creates a global distribution enterprise on the scale of Walgreens, Alliance Boots and AmerisourceBergen before them. In addition to wholesaling, Celesio operates about 2,200 pharmacies across six countries and is the No. 2 operator in the United Kingdom.

Retail pharmacy and drug sourcing both are more and more becoming a global business. Just last week, the head of the second-biggest drug chain in Brazil announced he would be open to a buyout. So expect more of these headlines in the months to come.

With is proposed acquisition of German wholesaler Celesio, McKesson creates a global distribution enterprise on the scale of Walgreens, Alliance Boots and AmerisourceBergen before them. In addition to wholesaling, Celesio operates about 2,200 pharmacies across six countries and is the No. 2 operator in the United Kingdom. 

October 24, 2013

McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.

SAN FRANCISCO — McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.  

October 23, 2013

McKesson appears ready to pull the trigger on an offer for German drug distributor Celesio, The Wall Street Journal reported Wednesday.

NEW YORK — McKesson appears ready to pull the trigger on an offer for German drug distributor Celesio, The Wall Street Journal reported Wednesday

Citing people familiar with the potential deal, McKesson is valuing Celesio at as much as $5.4 billion. 

The acquisition is expected to significantly expand McKesson's economy of scale, according to the report. 

 

 

 

September 16, 2013

“Pharmacies’ efforts to help patients understand aspects of the Patient Protection and Affordable Care Act are demonstrating yet again the value of pharmacies as the face of neighborhood healthcare.” That was a key message that National Association of Chain Drug Stores president and CEO Steve Anderson expressed in a recent opinion piece.

ALEXANDRIA, Va. — “Pharmacies’ efforts to help patients understand aspects of the Patient Protection and Affordable Care Act are demonstrating yet again the value of pharmacies as the face of neighborhood healthcare.” That was a key message that National Association of Chain Drug Stores president and CEO Steve Anderson expressed in a recent opinion piece.

August 8, 2013

One of the fastest-growing segments in health care today is home health care, which is expected to become even more important over the next decade. To help independent pharmacies take advantage of the market, Cardinal Health is giving its customers access to more than 30,000 medical products through Independence Medical, the company said at its annual Retail Business Conference for independent pharmacy owners.

SEATTLE — One of the fastest-growing segments in health care today is home health care, which is expected to become even more important over the next decade. To help independent pharmacies take advantage of the market, Cardinal Health is giving its customers access to more than 30,000 medical products through Independence Medical, the company said Friday, here in Seattle, at its annual Retail Business Conference for independent pharmacy owners.

August 8, 2013

Can one of the nation's premier specialty pharmacies maintain its focus on each patient it serves while simultaneously smashing its own growth records and reaching national power-player status in the rarified world of specialized medication services?

Can one of the nation's premier specialty pharmacies maintain its focus on each patient it serves while simultaneously smashing its own growth records and reaching national power-player status in the rarified world of specialized medication services?

August 8, 2013

The National Association of Chain Drug Stores' Total Store Expo brings together vendors and retailers across the entire store — pharmacy, OTC, beauty, consumables and general merchandise — and the supply chain executives who get the goods to market. As the industry converges on Las Vegas for this game-changing show, DSN talks to four leading futurists about what the drug store of tomorrow will look like.

The National Association of Chain Drug Stores' Total Store Expo brings together vendors and retailers across the entire store — pharmacy, OTC, beauty, consumables and general merchandise — and the supply chain executives who get the goods to market. As the industry converges on Las Vegas for this game-changing show, DSN talks to four leading futurists about what the drug store of tomorrow will look like.

Pharmacy, health & wellness

June 27, 2013

The Food and Drug Administration is working with international regulators in the latest crackdown on rogue Internet pharmacies, the agency said Thursday.

SILVER SPRING, Md. — The Food and Drug Administration is working with international regulators in the latest crackdown on rogue Internet pharmacies, the agency said Thursday.

The FDA announced the the latest effort, dubbed Operation Pangea VI, in which law enforcement, customs and regulatory agencies in 99 countries took action against more than 9,600 websites illegally selling potentially dangerous, unapproved drugs to consumers. The actions included regulatory warnings and seizure of websites and $41.1 million worth of illegal medicines.

June 12, 2013

Google has removed advertisements for websites that sell drugs without prescriptions, following a series of warning letters from a state attorney general, according to published reports.

NEW YORK — Google has removed advertisements for websites that sell drugs without prescriptions, following a series of warning letters from a state attorney general, according to published reports.

June 5, 2013

Washington-based healthcare accrediting organization URAC has given its stamp of approval to the specialty pharmacy operated by pharmacy benefit manager Prime Therapeutics, Prime said.

ST. PAUL, Minn. — Washington-based healthcare accrediting organization URAC has given its stamp of approval to the specialty pharmacy operated by pharmacy benefit manager Prime Therapeutics, Prime said Wednesday.

URAC establishes quality standards for the healthcare industry and started its specialty pharmacy accreditation program because it is a key distribution channel for pharmacy benefit management.

June 3, 2013

Efforts to create a generic top-level domain for legitimate pharmacy websites gained traction last week when the Internet Corporation for Assigned Names and Numbers, or ICANN - the body that controls what goes into Internet URLs - gave the National Association of Boards of Pharmacy a passing grade for an initial evaluation of its plans for the domain, ".pharmacy."

If successful, the .pharmacy domain will create a powerful new weapon to combat the rise of illegal online pharmacies, which, according to many studies, constitute all but 3% of the websites selling drugs on the Internet. These are the "Canadian" pharmacies selling cheap drugs that one often sees links to on search engines and other websites; despite their supposed provenance, they're usually based in countries where regulations are lax or unenforced.

Efforts to create a generic top-level domain for legitimate pharmacy websites gained traction last week when the Internet Corporation for Assigned Names and Numbers, or ICANN — the body that controls what goes into Internet URLs — gave the National Association of Boards of Pharmacy a passing grade for an initial evaluation of its plans for the domain ".pharmacy."

May 31, 2013

Anthem Blue Cross patients with HIV can continue receiving their drugs through community specialty pharmacies under a settlement of a lawsuit filed against the healthcare company by an advocacy organization.

NEW YORK — Anthem Blue Cross patients with HIV can continue receiving their drugs through community specialty pharmacies under a settlement of a lawsuit filed against the healthcare company by an advocacy organization.

In mid-November, Anthem Blue Cross adopted a policy that would require specialty pharmacy patients in California, most of them HIV patients, to receive their drugs via mail order through CuraScript, pharmacy benefit manager Express Scripts' in-house specialty pharmacy, in order to receive coverage.

May 29, 2013

An effort to allow trusted online pharmacies to add ".pharmacy" to their URLs cleared a hurdle last week as it passed an initial evaluation by the body that regulates the web address suffixes, known as generic top-level domains.

NEW YORK — An effort to allow trusted online pharmacies to add ".pharmacy" to their URLs cleared a hurdle last week as it passed an initial evaluation by the body that regulates the web address suffixes, known as generic top-level domains.