Content about THE NEWS

September 7, 2012

Serving as yet further evidence to support the importance of being a multichannel retailer and supplier is the new RedPrairie study illustrating the shopping habits of Gen Y.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Serving as yet further evidence to support the importance of being a multichannel retailer and supplier is the new RedPrairie study illustrating the shopping habits of Gen Y.

(THE NEWS: RedPrairie report reveals shopping preferences of Gen Y. For the full story, click here)

August 13, 2012

Just days after Drug Store News reported — once again — that 2012 is proving to be a significant year for the convenient care industry, yet another turn of events further solidified what we’ve been saying for quite some time.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Just days after Drug Store News reported — once again — that 2012 is proving to be a significant year for the convenient care industry, yet another turn of events further solidified what we’ve been saying for quite some time.

(THE NEWS: Report: South Carolina allowing clinics to enroll as providers in Medicaid. For the full story, click here.)

April 27, 2012

If you have a glass-half-full perspective, then the court's ruling to deny the proposed preliminary injunction to the Express Scripts-Medco marriage means none of this is over.

WHAT IT MEANS AND WHY IT'S IMPORTANT — If you have a glass-half-full perspective, then the court's ruling to deny the proposed preliminary injunction to the Express Scripts-Medco marriage means none of this is over. The case still stands. However, the court has deferred the decision on the plaintiffs' motion seeking a permanent injunction until after the court decides on ESI's motion to dismiss the case altogether. That may mean a decision on that motion could come sooner than later, considering the plaintiffs requested an expedited discovery schedule with the first motion.

April 27, 2012

Since the development of the first smallpox vaccine in 1796, vaccines have saved countless lives around the world and helped to make such deadly scourges as smallpox and polio things of the past.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Since the development of the first smallpox vaccine in 1796, vaccines have saved countless lives around the world and helped to make such deadly scourges as smallpox and polio things of the past.

(THE NEWS: PhRMA report lists almost 300 vaccines under development. For the full story, click here.)

March 19, 2012

A miniature version of the spike in stock market activity that followed speculation about the prospects of a Walgreens-Rite Aid merger happened on Drug Store News' website as a quick writeup about the potential deal became the most-read story on the site. But for all the buzz that Credit Suisse analyst Edward Kelly created with his report, a Walgreens-Rite Aid merger appears pretty unlikely on closer inspection.

WHAT IT MEANS AND WHY IT'S IMPORTANT — A miniature version of the spike in stock market activity that followed speculation about the prospects of a Walgreens-Rite Aid merger happened on Drug Store News' website as a quick writeup about the potential deal became the most-read story on the site.

(THE NEWS: Reports: WAG-RAD merger speculation drives RAD stock to four-year high. For the full story, click here)

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.

January 27, 2012

Lower-limb amputation is a very real risk for many of the 25.8 million Americans living with diabetes. Though this study may be encouraging, the job of reducing the incidence of diabetes — and in particular, educating people about the need to watch their diets, take their medications and take care of their bodies — remains far from complete, as other recent stories in the media have revealed.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Lower-limb amputation is a very real risk for many of the 25.8 million Americans living with diabetes. Though this study may be encouraging, the job of reducing the incidence of diabetes — and in particular, educating people about the need to watch their diets, take their medications and take care of their bodies — remains far from complete, as other recent stories in the media have revealed.

December 16, 2011

Retail pharmacy has long fought for a level playing field when competing with mail order, and that's what N.Y. Gov. Andrew Cuomo handed them last week.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Retail pharmacy has long fought for a level playing field when competing with mail order, and that's what N.Y. Gov. Andrew Cuomo handed them last week. No longer will patients be funneled into filling their prescriptions at the mail order pharmacy. And no longer will insurance companies be able to exempt patients from making the same co-payment as they do at retail. At least not in New York.

November 14, 2011

Going fresh has emerged as one of the biggest trends in the retail pharmacy business, but due to various limitations — including smaller store size and disproportionate space devoted to such traditional categories as over-the-counter medicines and beauty — fresh food generally has meant such items as salads and fresh fruit.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Going fresh has emerged as one of the biggest trends in the retail pharmacy business, but due to various limitations — including smaller store size and disproportionate space devoted to such traditional categories as over-the-counter medicines and beauty — fresh food generally has meant such items as salads and fresh fruit.

November 4, 2011

If you want to change any kind of misguided perception that pharmacists are mere pill-counters and quality assurance specialists who stand behind a counter with a team of pharmacy technicians, then you've got to do something dramatic.

WHAT IT MEANS AND WHY IT'S IMPORTANT — If you want to change any kind of misguided perception that pharmacists are mere pill-counters and quality assurance specialists who stand behind a counter with a team of pharmacy technicians, then you've got to do something dramatic. Placing the pharmacist front and center in an "information booth" armed with a technophile-friendly iPad who is proactively interacting with patients — that's dramatic.

September 26, 2011

With Tylenol coming back to cough-cold and analgesic aisles over the next six months, you can bet the brand will soon resume its status as the cleanup hitter for Team OTC. That not only means a reshuffling of the lineup, but the respective No. 9 hitters will be packing their bags for a trip back to the minors.

WHAT IT MEANS AND WHY IT'S IMPORTANT — With Tylenol coming back to cough-cold and analgesic aisles over the next six months, you can bet the brand will soon resume its status as the cleanup hitter for Team OTC. That not only means a reshuffling of the lineup, but the respective No. 9 hitters will be packing their bags for a trip back to the minors.

(THE NEWS: Report: J&J resumes shipping of Tylenol product. For the full story, click here)

September 5, 2011

The U.S. Department of Justice may have once and for all exposed the man behind the curtain, revealing many online Canadian pharmacies for what they really are: drug pushers taking advantage of Americans in search of cheaper health care. And in doing so, the Justice Department may be uncovering a bigger issue: the creeping 15% of counterfeits worldwide that gradually are cracking the U.S. drug distribution system.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The U.S. Department of Justice may have once and for all exposed the man behind the curtain, revealing many online Canadian pharmacies for what they really are: drug pushers taking advantage of Americans in search of cheaper health care. And in doing so, the Justice Department may be uncovering a bigger issue: the creeping 15% of counterfeits worldwide that gradually are cracking the U.S. drug distribution system.

August 15, 2011

It's a strategic next step in retail pharmacy, a setting that has fast evolved as the intrinsic destination for all health-related matters: health advice, self-care solutions, medication therapy management, compliance programs, acute-care services and now, if the reports turn out to be accurate, branded healthcare insurance.

WHAT IT MEANS AND WHY IT'S IMPORTANT — It's a strategic next step in retail pharmacy, a setting that has fast evolved as the intrinsic destination for all health-related matters: health advice, self-care solutions, medication therapy management, compliance programs, acute-care services and now, if the reports turn out to be accurate, branded healthcare insurance. And by the time this offering would be available in 2014, the need for affordable healthcare insurance may go well beyond the 48.6 million uninsured that exist today.

August 8, 2011

Purchase frequency in the drug channel is up 6.7%. Sounds good, right? More shoppers buying more often — that's the end-game, isn't it? Except not so fast, because the real question is whether or not higher frequency of purchases actually translates into greater revenue streams.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Purchase frequency in the drug channel is up 6.7%. Sounds good, right? More shoppers buying more often — that's the end-game, isn't it? Except not so fast, because the real question is whether or not higher frequency of purchases actually translates into greater revenue streams. And, given the rocky road that America's now-you-see-it-now-you-don't recovery has traveled of late, more shoppers may in fact be buying more often, but they actually may be spending less. 

July 25, 2011

If the rumors that surfaced last week about Walmart eyeing Rite Aid for a possible buyout turn out to be true, it would be one of the biggest stories of the year: Walmart would acquire the country’s third-largest drug store chain and more than double its U.S. store count.

WHAT IT MEANS AND WHY IT’S IMPORTANT — If the rumors that surfaced last week about Walmart eyeing Rite Aid for a possible buyout turn out to be true, it would be one of the biggest stories of the year: Walmart would acquire the country’s third-largest drug store chain and more than double its U.S. store count.

(THE NEWS: Report: Walmart may be eyeing Rite Aid. For the full story, click here)

June 30, 2011

Does Family Dollar's expansion of health and beauty items, which contributed to its overall inventory growth during the third quarter, and Ulta's plan to create men's grooming boutiques within most of its nearly 400 stores mean a new competitive threat for drug stores?

WHAT IT MEANS AND WHY IT'S IMPORTANT — Does Family Dollar's expansion of health and beauty items, which contributed to its overall inventory growth during the third quarter, and Ulta's plan to create men's grooming boutiques within most of its nearly 400 stores mean a new competitive threat for drug stores?

(THE NEWS: Inventories swell as Family Dollar boosts beauty. For the full story, click here.)

February 4, 2011

As much as the Affordable Care Act was a tough pill to swallow for many conservatives, the flexible spending account changes may be the first piece of what many consider to be "bad medicine" to be reversed this year. Incentivizing self-care is better medicine for all constituents.

WHAT IT MEANS AND WHY IT’S IMPORTANT — As much as the Affordable Care Act was a tough pill to swallow for many conservatives, the flexible spending account changes may be the first piece of what many consider to be "bad medicine" to be reversed this year. Incentivizing self-care is better medicine for all constituents.

(THE NEWS: Report: Legislation restoring FSA OTC coverage is coming. For the full story, click here)

December 17, 2010

Patent settlements between branded and generic drug companies, sometimes called “pay-for-delay” deals, aren’t going away any time soon.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Patent settlements between branded and generic drug companies, sometimes called “pay-for-delay” deals, aren’t going away any time soon.

(THE NEWS: Report: Banning 'pay for delay' settlements likely won't happen. For the full story, click here)

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)

September 23, 2010

The news that San Francisco's board of supervisors gave preliminary approval to ban tobacco sales...

WHAT IT MEANS AND WHY IT'S IMPORTANT The news that San Francisco's board of supervisors gave preliminary approval to ban tobacco sales at all retailers that operate pharmacies, including mass merchants and grocers, is a step in the right direction, because if drug stores are going to be banned from selling them, then all retail pharmacy outlets should be banned. However, there's an even bigger picture to consider.

August 26, 2010

Since the turn of the 21st century, community pharmacy and its technology allies have waged...

WHAT IT MEANS AND WHY IT'S IMPORTANT Since the turn of the 21st century, community pharmacy and its technology allies have waged a long fight to shift the nation’s fractious healthcare system to a common communications and record-keeping platform via electronic prescribing and information technology. Those efforts -- led by such companies as Surescripts, the pharmacy industry-founded e-prescribing network -- have made progress.

July 8, 2010

The whole discussion around SKU rationalization -- or SKU optimization, depending upon your spin --...

WHAT IT MEANS AND WHY IT’S IMPORTANT The whole discussion around SKU rationalization -- or SKU optimization, depending upon your spin -- boils down to just one question: Just exactly how brand loyal is today’s shopper?

(THE NEWS: Report: Jewel-Osco SKU rationalization taken to new heights. For the full story, click here)

February 25, 2010

The news that CVS Caremark is making an investment to integrate its five pharmacy benefit...

WHAT IT MEANS AND WHY IT'S IMPORTANT The news that CVS Caremark is making an investment to integrate its five pharmacy benefit management units isn’t really a big surprise and, in fact, could have some industry observers wondering what took this well-oiled acquisition machine so long.

(THE NEWS: Report: CVS Caremark to merge PBM units. For the full story, click here)

February 11, 2010

Some investors quoted in published reports foresee huge gains for such retail pharmacy chains as...

WHAT IT MEANS AND WHY ITS IMPORTANT Some investors quoted in published reports foresee huge gains for such retail pharmacy chains as CVS and Walgreens, as blockbuster drugs like Pfizer’s Lipitor (atorvastatin) and Sanofi-Aventis’ and Bristol-Myers Squibb’s Plavix (clopidogrel bisulfate) come off patent and face generic competition, but they would do well to remember an important factor: the patent cliff.

January 28, 2010

The news that Blue Cross Blue Shield of Florida is wading into the retail landscape...

WHAT IT MEANS AND WHY IT'S IMPORTANT The news that Blue Cross Blue Shield of Florida is wading into the retail landscape with the opening of its fourth retail location in Florida is yet one more indication of the important role that convenient care clinics play in today's U.S. healthcare system.

(THE NEWS: Report: BCBS of Florida gets personal. For the full story, click here)