Latest Pharmacy operators News

Amgen and Sysco rise while Viacom and Bank of America fall

Aug. 12, 2019 4:38 PM EDT

Stocks that moved substantially or traded heavily on Monday: Amgen Inc., up $9.53 to $205.78 The biotechnology company said a U.S. district court ruled in its favor in a patent dispute involving the arthritis drug Enbrel. Sysco Corp., up $2.20 to $72.19 The food distributor reported a fourth quarter profit that...

Why many employees feel devalued even in booming job market

Aug. 12, 2019 10:50 AM EDT

PROVIDENCE, R.I. (AP) — For more than two decades, Ken White worked at a credit card processor. It was a good job, but it fell victim to the Great Recession. Today, at 56, White does similar work managing technology projects for a regional bank. And yet everything feels different. He is a contractor for a...

Rite Aid picks former insurance executive as new CEO

Aug. 12, 2019 9:44 AM EDT

Rite Aid has chosen a former insurance executive to replace long-time CEO John Standley to try to right the struggling drugstore chain. The company said Monday that Heyward Donigan will take over immediately for Standley, who's been CEO since 2010. The 58-year-old Donigan is a former executive with Premera Blue...

Aetna deal begins to pay off for CVS

Aug. 7, 2019 11:32 AM EDT

CVS Health swung back to a profit in the second quarter, thanks to an influx of health insurance revenue, and the company raised its 2019 forecast beyond Wall Street expectations. Shares of the drugstore chain and pharmacy benefit manager outpaced the broader market in Wednesday trading after the company detailed...

Walgreens to shut 200 US stores as part of cost-cutting plan

Aug. 6, 2019 6:56 PM EDT

NEW YORK (AP) — Pharmacy chain Walgreens plans to close 200 stores in the United States as it seeks to cut costs. The company said in a regulatory filing Tuesday the closings are part of its previously announced plan to trim costs by $1.5 billion in a few years. In May, the company announced plans to close...

Boom in overdose-reversing drug is tied to fewer drug deaths

Aug. 6, 2019 3:58 PM EDT

NEW YORK (AP) — Prescriptions of the overdose-reversing drug naloxone are soaring, and experts say that could be a reason overdose deaths have stopped rising for the first time in nearly three decades. The number of naloxone prescriptions dispensed by U.S. retail pharmacies doubled from 2017 to last year,...

Medical marijuana cleared for release to Louisiana patients

Aug. 1, 2019 8:44 PM EDT

BATON ROUGE, La. (AP) — Medical marijuana is expected to start reaching select dispensaries in Louisiana on Tuesday, after the state agriculture department completed final testing and cleared therapeutic cannabis for release to patients. Agriculture Commissioner Mike Strain announced Thursday evening that...

Counties: Drug companies shipped suspicious opioid orders

Jul. 19, 2019 9:53 PM EDT

COLUMBUS, Ohio (AP) — Companies that make and distribute opioids didn't abide by a requirement that they refuse to ship orders of the powerful prescription painkillers when they deemed them suspicious, helping fuel a national addiction and overdose crisis, two Ohio counties said in a legal filing Friday....

Q&A: Newly public data maps opioid crisis across US

Jul. 19, 2019 12:39 PM EDT

The release of a massive trove of data from lawsuits over the nation's opioid crisis provides the most detailed accounting to date of the role played by the major pharmaceutical companies and distributors. In legal cases across the country, they have defended themselves as being little more than bystanders...

Buried in opioids, sickened community eyes drugmakers' role

Jul. 18, 2019 6:15 PM EDT

JACKSON, Ohio (AP) — The numbers are staggering: An average yearly total of 107 opioid pills per resident were distributed over a seven-year period in this rural Appalachian county. The newly released federal data is shocking even to people who live here in Jackson County, where nearly everyone seems to...