Latest Pharmacy operators News

In one VA city, 93 opioid pills a year for every resident

Dec. 13, 2019 6:35 PM EST

RICHMOND, Va. (AP) — Between 2006 and 2012, more than 71 million opioid pills flowed into Henrico County. For the county’s 320,000 residents, that represented about 32 pills per person per year. During the same time period, pharmacies in Petersburg, whose population is 32,000, received more than 10...

Tips for using flexible spending dollars before year's end

Dec. 11, 2019 4:33 PM EST

TRENTON, N.J. (AP) — Still have money set aside for medical expenses that you need to spend by the end of the year? There are plenty of ways to meet the deadline for flexible spending accounts, and you don't need to buy big-ticket items. You can use up the balance on everyday purchases like bandages and...

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

California fines CVS $3.6 million for failing to recycle

Dec. 9, 2019 9:24 PM EST

SACRAMENTO, Calif. (AP) — California is fining the nation's largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of its locations, regulators said Monday. The California Department of Resources Recycling and Recovery, better known as...

ArQule and Fate Therapeutics soar; Sanofi and Diplomat fall

Dec. 9, 2019 4:35 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Sanofi, down 73 cents to $45.30 The drug developer is buying biotechnology firm Synthorx, which focuses on potential cancer treatments, for $2.5 billion. ArQule Inc., up $10.04 to $19.70 The biotechnology company is being bought...

UnitedHealth plans bargain bid for Diplomat Pharmacy

Dec. 9, 2019 10:35 AM EST

UnitedHealth plans to acquire Diplomat Pharmacy at a steep discount about a month after the specialty drug provider said it may not be able to make its debt payments. United Health Group's OptumRx said Monday that the company will spend $4 for each share of Diplomat in a cash tender offer. That’s 31%...

US report: Prescription drug prices down slightly last year

Dec. 5, 2019 4:03 PM EST

WASHINGTON (AP) — Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday. Though modest, it was the first such price drop in 45 years, according to nonpartisan economic...

Tech Data, Diplomat Pharmacy rise; Helmerich & Payne falls

Nov. 29, 2019 2:17 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Tech Data Corp., up $15.89 to $144.89 Shares surged after Apollo Global Management raised its offer to buy the technology company to $145 per share in cash from $130. Helmerich & Payne Inc., down 93 cents to $39.53 The...

Man pleads guilty to cheating medical insurance companies

Nov. 26, 2019 11:41 AM EST

TRENTON, N.J. (AP) — A former pharmacy owner has admitted to cheating insurance companies out of millions of dollars and bribing a psychiatrist. Eduard Shtindler pleaded guilty Monday to conspiracy to commit health care fraud and paying illegal bribes. The 36-year-old Paramus man faces up to 15 years in...

Kansas man admits to swindling buyer of online pharmacy

Nov. 25, 2019 5:01 PM EST

KANSAS CITY, Kan. (AP) — Federal prosecutors say a Kansas man has admitted swindling the buyer of an online pharmacy business. The U.S. attorney’s office said in a news release that 37-year-old Jeffrey P. Wilson of Olathe pleaded guilty Monday to one count of wire fraud. Wilson admitted in his plea...