CVS has reported that the U.S. Securities & Exchange Commission has started an informal inquiry into how it accounted for a barter transaction in 2000 that involved stuffed animals. The company's audit committee has determined that accounting for the 2000 transaction was incorrect, CVS said in a filing with the SEC.
CVS announced that it will take part in National Patient Safety Awareness Week, which takes place this year from March 5-11. The company will broadcast prescription safety tips for customers through its in-store radio network during the week of the campaign.
Charfoos & Christensen has filed a lawsuit against Walgreens on behalf of Michael Wells in U.S. District Court, Eastern District of Michigan. Attorney Douglas Peters of Charfoos & Chistensen told Drug Topics that Wells' surgeon prescribed the antibiotic Duricef (cefadroxil/cefadroxil hemihydrate, Warner Chilcott) to prevent the development of postsurgical wound infection.
Walgreens Home Care has agreed to acquire Canadian Valley Medical Solutions. Based in Oklahoma City, CV Medical Solutions is an accredited provider of home infusion therapy, respiratory services including home oxygen, customized mobility and seating products, and home medical equipment.
Bottles of fruit juice that appeared to be tampered with were found at a CVS store near where dozens of churchgoers in Connecticut recently fell ill. The bottles contained several different brands and types of juice and were found during an inventory check, according to police.
Walgreens Health Initiatives (WHI), the pharmacy benefit management (PBM) subsidiary of Walgreen Co., has added Medicine Shoppe and Rite Aid to its Advantage90 network. Of the 56,000 pharmacies in the WHI network, more than 31,000 participate in the Advantage90 network.
About 20% of Chicago staff pharmacists at Walgreens have resigned from the National Pharmacists Association (NPhA) as talks between the union, Walgreens, and a federal mediator failed to produce an agreement. About 1,200 Walgreens union pharmacists in northern Illinois and northwest Indiana walked off their jobs at 10 PM on July 11
A dizzying array of new products was highlighted at the National Association of Chain Drug Stores Marketplace 2005 conference, held in New Orleans last month. At this largest front-end trade show in the industry, the buzzword was natural, with the majority of new products containing natural ingredients to satisfy customer demand for safer solutions to healthcare problems. Here's a look at the new entries in personal care, dietary supplementation, and home health care.
General Motors' decision to drop Walgreens as its drug provider has prompted the chain to fight back by publicizing "the myth of mail order." Walgreens claims employers can save money by giving workers the choice to fill 90-day supplies of chronic meds at retail or mail-order pharmacies rather than by requiring them to use the latter exclusively.
When the dog (PBMs and disgruntled patients) bites, when the bee (low reimbursement) stings, when pharmacists are feeling sad (10-hour shifts, no lunch breaks, and a line out the door), they simply remember their favorite things, and then they don't feel so bad.
Drug wholesalers had a pretty good 2003, judging from statistics recently released by the Healthcare Distribution Management Association (HDMA) in its 2004 Industry Profile and Healthcare Factbook. The publication provides statistics on the healthcare distribution industry, based on survey data collected from HDMA members, as well as findings on the pharmaceutical industry in general.
CHPA session featuring Bodine from CVS and Fuller from NACDS talking about challenges in pharmacy
What's new to treat spring allergies
Walgreens involved in class action suit which charges falsification of expiration dates
New Jersey revised its 100-year-old pharmacy practice act to allow pharmacists to administer immunizations and enter collaborative practice agreements to manage drug therapy under protocol.
Following in the footsteps of Walgreens, CVS announced that it will not participate in future health plan contracts requiring refill scripts to be filled by mail order pharmacies.
