Latest Pharmacy operators News

House passes bill that could lower prescription drug costs

Jan. 21, 2020 12:28 PM EST

CHARLESTON, W.Va. (AP) — Prescription drugs in West Virginia could soon become less expensive under a bill passed in the House of Delegates on Tuesday. Lawmakers in the GOP-controlled chamber unanimously approved a measure that would give consumers any drug manufacturer rebates that are normally sent to...

FILE - In this May 29, 2019, file photo, Oklahoma Attorney General Mike Hunter watches a video deposition in Norman, Okla., during the state's trial against drugmakers blamed for contributing to the opioid crisis. On Monday, Jan. 13, 2020, Hunter brought a lawsuit against three distributors of opioids after winning a lawsuit against one drug manufacturer and reaching pretrial settlements in other cases. (AP Photo/Sue Ogrocki, File)

Oklahoma attorney general sues distributors of opioids

Jan. 13, 2020 7:02 PM EST

OKLAHOMA CITY (AP) — Oklahoma Attorney General Mike Hunter on Monday brought a lawsuit against three distributors of opioids after winning a lawsuit against one drug manufacturer and reaching pretrial settlements in other cases. Hunter filed the lawsuit in Cleveland County District Court against Cardinal...

US court agrees to hear Arkansas case on drug benefits law

Jan. 10, 2020 7:49 PM EST

LITTLE ROCK, Ark. (AP) — The U.S. Supreme Court said Friday it will review a lower court's decision that upheld limits on Arkansas' regulation of companies that pay pharmacies on behalf of health plans. The court granted Arkansas' request to review the 8th U.S. Circuit Court of Appeals ruling that a 2015...

College student in Boston diagnosed with measles

Jan. 10, 2020 8:18 AM EST

BOSTON (AP) — Boston public health officials say a Northeastern University student diagnosed with measles may have exposed others to the disease around campus, at nearby businesses and at Logan International Airport. The Boston Public Health Commission says the student was diagnosed Wednesday. The student,...

Doctor admits to writing fake prescriptions for black market

Jan. 8, 2020 7:19 PM EST

NORFOLK, Va. (AP) — A Virginia doctor who wrote thousands of fake prescriptions for an infamous black market pharmacy has entered a guilty plea, despite earlier backing out of a plea deal, prosecutors said Wednesday. Lawrence Ryan, 48, backed out of a plea deal last month but then changed his mind and...

FILE - In this June 25, 2019, file photo signage hangs outside a Walgreens pharmacy in downtown Cincinnati. Walgreens reports financial results on Wednesday, Jan. 8, 2020. (AP Photo/John Minchillo, File)

Walgreens begins 2020 much as it ended 2019, on a sour note

Jan. 8, 2020 12:38 PM EST

Walgreens is kicking off its year much as it ended its last, with a big earnings plunge. First-quarter net income tumbled about 25% as the drugstore chain filled fewer prescriptions than expected and continued to work through a cost-cutting program geared to produce billions in future savings. Walgreens...

FILE - In this May 30, 2019, file photo, a CVS store with the new HealthHUB is shown in Spring, Texas.Pharmacy chains, including CVS, are fighting claims that they're to blame for the opioid crisis in two Ohio counties. The Monday, Jan. 6, 2020, filings asked U.S. district Court Judge Dan Polster to find in the pharmacies' favor and reject claims brought by Summit and Cuyahoga counties, home to Akron and Cleveland respectively, that argue that chains such as CVS, Rite Aid and Walgreens contributed to the problem by filling an “excessive volume

Pharmacies say prescribers bear opioid crisis responsibility

Jan. 7, 2020 5:37 PM EST

COLUMBUS, Ohio (AP) — Doctors and other healthcare practitioners who write prescriptions bear ultimate responsibility for improper distribution of opioids to patients, not pharmacists who are obliged to fill those prescriptions, a series of pharmacy chains argued in federal court. The filings, which were...

Utah picks companies, sites for medical marijuana pharmacies

Jan. 4, 2020 3:11 PM EST

SALT LAKE CITY (AP) — Utah health officials plan to award pharmacy licenses to 10 companies to dispense medical marijuana at 14 sites across the state, a major development in the program's approaching launch. The chosen sites announced Friday by the Department of Health are largely in metro Salt Lake City...

FILE - In this Dec. 13, 2019, file photo trader Sal Suarino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 19. (AP Photo/Richard Drew, File)

Asian shares mixed as markets yawn at Trump's impeachment

Dec. 19, 2019 8:26 PM EST

Stocks were mixed in early trading in Asia on Friday after Wall Street posted more record highs, extending the market's gains for the week. Japan's Nikkei 225 index edged 0.2% lower to 23,809.33, while the Kospi in Seoul was almost unchanged, at 2,196.45. The S&P ASX 200 in Sydney slipped 0.2% to 6,821.10....

Rite Aid and Conagra soar; Darden Restaurants, Apogee fall

Dec. 19, 2019 4:25 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Rite Aid Corp., up $3.52 to $11.84 The struggling drugstore chain posted a rare quarterly profit and easily topped analyst expectations. Conagra Brands Inc., up $4.61 to $33.66 The giant food maker, whose brands include Duncan...