Chain Drug Review back issues from May 1999:
Marketing pact.
May 24, 1999 ... McKesson HBOC Inc. and Du Pont Pharmaceuticals Co. have formed a national contract sales and marketing alliance for certain cardiovascular and ...
B-D purchase.
May 24, 1999 ... Becton-Dickinson and Co. is buying Clontech Laboratories Inc. for about $200 million in a ...
Dey IPO.
May 24, 1999 ... Merck KGaA, a leading pharmaceutical firm based in Germany, plans to sell ...
Covance Parexel.
May 24, 1999 ... Covance Inc. and Parexel International Corp. are merging in a stock deal valued at $800 million. The two companies, which ...
Watson improvements.
May 24, 1999 ... Watson Pharmaceuticals Inc. is continuing to revamp operations at its Corona, Calif., facility. The ...
Eckerd Names Sullivan to Head Rx Operations In Greater N.Y.
May 24, 1999 ... Barry Sullivan has been selected pharmacy operations manager for the New York City-area of the Eckerd Corp ....
Copley's choices.
May 24, 1999 ... Ralph Googooian Jr. and Halbert Baker Jr. have been appointed director of managed care and manager of chain relations, two new ...
Roy Dunbar.
May 24, 1999 ... Roy Dunbar has been designated vice president and chief information officer at Eli ...
Dinesh Patel.
May 24, 1999 ... Dinesh Patel has been selected as chairman, chief executive officer and president of TheraTech Inc., a wholly owned ...
Christina Bisanz.
May 24, 1999 ... Christina Bisanz has been appointed president and chief executive officer of the Canadian Wholesale Drug ...
Nancy May.
May 24, 1999 ... Nancy May has joined Ivax Corp. as senior vice president of human ...
Ernst Schweizer.
May 24, 1999 ... Ernst Schweizer has joined Medarex Inc. as president of European operations. He had ...
The Challenge of 'Whole Health'.
May 24, 1999; ... Robert Coopman is president of Robert Coopman Consultants, whose clients include CVS Corp. and McKesson HBOC. BALTIMORE -- At last months Food Marketing Institute (FMI) Pharmacy Conference here, the concept of Whole Health received top billing. And while the merging of food and ...
Leading Drug Makers Eye Mergers and Acquisitions.
May 24, 1999 ... NEW YORK -- Merck & Co. says it won't, Glaxo Wellcome PLC says it would like to, Boehringer Ingelheim Corp. says it might, and Abbott Laboratories and Warner-Lambert Co. are somewhere in between. Those are the positions taken by some of the leading drug manufacturers on the ...
Kinney Updates Pharmacists on Asthma Care.
May 24, 1999 ... GOUVERNEUR, N.Y.--Over 50 pharmacists at Kinney Drugs have completed a two-day asthma management program that has given them the tools to better serve patients who have the chronic disease. The initiative, held recently in Lake Placid, N.Y., was designed to help pharmacists ...
Ten Drug Makers Join Genetic Research Alliance.
May 24, 1999 ... CHICAGO -- Ten major pharmaceutical firms have joined forces with the Wellcome Trust in a multimillion-dollar effort to identify human gene variations that may someday lead to the development of new drugs. The $45 million alliance has a goal of creating a standardized map of ...
Pfizer Is Not Content to Rest on Its Laurels.
May 24, 1999 ... NEW YORK -- From a business that began with one product and two employees to a pharmaceutical giant that last year had international sales exceeding $3 billion for three products alone, Pfizer Inc. is stronger now than at any time in its 150-year history, according to chairman and chief ...
Pfizer Fosters Rx Research With Fellowship Program.
May 24, 1999 ... NEW YORK -- Drug discovery scientists are the key players behind the extensive research and development initiatives at the nation's pharmaceutical firms, and those manufacturers rely on them to discover the compounds that could become blockbuster medications of the future. To ...
Plant Debut.
May 24, 1999 ... ROCKVILLE, Md. -- Human Genome Sciences Inc. has opened what it calls the world's first plant designed to manufacture drugs developed through genomic research. The $42 million, 80,000-square-foot facility is the first structure to be built on a 138-acre tract intended for ...
Cardinal Health Forms Financial Services Unit.
May 24, 1999 ... DUBLIN, Ohio -- Cardinal Health Inc. has formed a financial services business to serve its companies and their customers. The new entity, operating under the name Cardinal Health Capital Corp., will be led by president Stephanie Wagoner. Among services provided by the new ...
Rx Students Get a Look at Drug Wholesaler's Operations.
May 24, 1999 ... NEW YORK--Students from the Arnold & Marie Schwartz College of Pharmacy and Health Sciences at Long Island University recently received a firsthand look at the operations of Remo Drug Corp., a pharmaceutical wholesaler. Dean Stephen Gross and Patrick Campbell, director of ...
NDC, PDX Form Alliance To Provide Rx Services.
May 24, 1999 ... ATLANTA -- NDC Health Information Services (NDC) has formed an alliance with PDX Inc/NHIN to provide an array of value-added offerings to pharmacies. Separately, NDC, a unit of National Data Corp., has joined with the JAG Group in a relationship that will enable pharmacies to support ...
FDA Approves Xenical to Help Obese Stave Off Weight Regain.
May 24, 1999 ... The Food and Drug Administration has given marketing approval to Xenical, a prescription lipase inhibitor that improves obesity management as well as such related conditions as high ...
Alpharma approval.
May 24, 1999 ... Alpharma Inc. has received clearance for ibratropium bromide inhalation ...
Novopharm launch.
May 24, 1999 ... Novopharm USA Inc. is debuting amiodarone tablets 200 mg., ...
Amoxil dosing.
May 24, 1999 ... Pediatric dosing of Amoxil has been approved by the FDA. The SmithKline Beecham PLC product is now ...
Elan purchase.
May 24, 1999 ... Elan Corp. PLC is reacquiring all rights to nifedipine from Warner Chilcott PLC. The agreement includes the ...
Pharmacia promotion.
May 24, 1999 ... Pharmacia & Upjohn Inc. and Otsuka America Pharmaceutical Inc. are copromoting Pletal, Otsuka's antiplatelet drug ....
Halsey gets ANDAs.
May 24, 1999 ... Halsey Drug Co. is buying the rights to 50 pharmaceutical products from Barr ...
Pentoxil approved.
May 24, 1999 ... Upsher-Smith Laboratories Inc. has received FDA approval for Pentoxil (pentoxifylline ...
Alpharma Gets FDA Approval For Marketing Of Miconazole.
May 24, 1999 ... Alpharma Inc. has received approval from the FDA to market M-Zole 3 combination pack (miconazole nitrate vaginal suppositories USP 200 mg. and miconazole nitrate cream ...
Sleep formula.
May 24, 1999 ... B.F. Ascher & Co. has brought out Melagesic PM, a nighttime pain reliever with ...
Pain relief.
May 24, 1999 ... Atrix Laboratories Inc. and Heritage Consumer Products LLC are shipping Eucalyptamint 2000, an arthritis pain-relieving ...
Allergy fighter.
May 24, 1999 ... King Bio Pharmaceuticals Inc. has introduced Allergies + Hayfever, a homeopathic medicine in a metered pump ...
Lice remover.
May 24, 1999 ... Quantum Inc. is repackaging HairClean, a head lice and nit removal system. Approved by the FDA under medical device ...
Symtec debut.
May 24, 1999 ... Symtec, a division of Botanical Laboratories Inc., has introduced a line of homeopathic medicines, herbal ...
Anti-snoring spray.
May 24, 1999 ... Y-Snore is complementing its drop line with an antisnoring nose spray. The company says the new ...
New packaging.
May 24, 1999 ... CNS Inc. has created a new image for its Breathe Right brand ...
Supers Capitalize on Synergies.
May 24, 1999; ... BALTIMORE -- Dairy, delicatessen and drugs. Although those three departments might not appear to share much in common, all are interlinked under the whole health umbrella that has captured the minds - and the marketing muscle -- of many supermarket retailers. As ...
Sidmak Enters Agreements With Kali Labs, MC Access.
May 24, 1999 ... EAST HANOVER, N.J. -- Sidmak Laboratories Inc. has entered into a product development agreement with Kali Laboratories Inc. and a separate arrangement with a company that will help the generic drug manufacturer expand its products into the managed care arena. The contract with ...
Change is watchword in industry.(National Association of Chain Drugstores)
May 24, 1999; ... If one theme emerged from this year's NACDS Annual Meeting, held last month at The Breakers in Palm Beach, Fla., that theme was change. Change was pervasive, from the content of the leadership to the composition of the membership to the age and outlook of the attendees, even to the issues ...
Jorndt eves Internet pharmacy.(Dan Jorndt of Walgreen Co.)
May 24, 1999 ... ST. LOUIS--Walgreen Co.'s introduction of its Internet-based shopping service this fall should enhance the drug chain's already strong competitive position relative to drugstore.com and other on-line retailers, according to chief executive officer Dan Jorndt. Responding to ...
Challenges for Rx weighed by NACDS.(National Association of Chain Drug Stores Annual Meeting)
May 24, 1999 ... PALM BEACH, Fla. -- The lingering effects of consolidation and the effect the evolution of the health care system in the United States is having on community pharmacy will challenge the way drug stores do business well into the 21st century, said executives at the National Association of ...
Buy will make ShopKo more formidable in Rx.
May 24, 1999; ... GREEN BAY, Wis.--Consolidation among mass market retailers continues to reshape community pharmacy. In the latest such transaction ShopKo Stores Inc. and Pamida Holdings Corp. have signed a definitive agreement whereby ShopKo will acquire Pamida for $375 million, including the ...
NACDS voices support for patient privacy bill.
May 24, 1999 ... ALEXANDRIA, Va. -- The National Association of Chain Drug Stores is endorsing a patient privacy measure introduced by Senator Robert Bennett (R., Utah). An NACDS spokesman says the bill would allow for the use of patient information to optimize health care while protecting the privacy of ...
Pharmacy fuels 9% gain in April sales.
May 24, 1999 ... NEW YORK -- Burgeoning prescription drug sales continued to drive the chain drug store business in April, pushing industrywide volume ahead 9% to $8.5 billion compared with the same month last year. Comparable-store sales gained a whopping 7.5% compared ...
Walgreens to provide newsletters on health.
May 24, 1999 ... DEERFILED, Ill. -- Walgreen Co. will begin issuing pharmacy customers one-page newsletters that offer condition-specific information on patients' medications, as well as compliance messages and promotions for related products. Under an agreement with Health Resource Publishing ...
MSI targets women's health.
May 24, 1999 ... ST. LOUIS -- Medicine Shoppe International Inc. has teamed up with the Osteoporosis Business Coalition (OBC) to conduct in-store events related to women's health. The nationwide programs will feature distribution of free colorectal take-home test kits and written osteoporosis ...
Study ranks hottest new items of '98.
May 24, 1999 ... CHICAGO -- The top-l0-selling new consumer packaged goods (CPGs) of 1998 included three food products, three items from the health and beauty aids market, two films and two household items according to a recent study from Information Resources Inc. (IRI). Two of the top 10 items ...
Kinney in the midst of store opening blitz.
May 24, 1999 ... GOUVERNEUR, N.Y. -- As it moves to strengthen its position as a leading drug store operator in northern New York state and Vermont, Kinney Drugs has embarked on a busy store opening schedule that saw four units debut in the span of a week and ground broken for three additional sites that ...
American Drug Stores offers U-pons.
May 24, 1999 ... SALT LAKE CITY -- American Drug Stores has formed a partnership with planet U to offer shoppers "U-pons," coupons available via the Internet. Planet U provides targeted, web-based consumer promotions for the manufacturers and retailers of packaged goods. American Drug Stores' ...
Rite Aid to shutter warehouse.
May 24, 1999 ... CAMP HILL, Pa. -- Rite Aid Corp. is closing a distribution center in Nitro, W.Va., transferring functions that had been carried out at that site to a new facility in Perryman, Md. Shutdown of the plant, which services 611 of the drug chain's outlets, is expected to be completed this ...
Genovese, Weinberger honored.
May 24, 1999 ... PALM BEACH, Fla. -- Genovese Drug Stores chairman and president Leonard Genovese, who was also the 1998 to 1999 chairman of the National Association of Chain Drug Stores, and Jerome Weinberger, the former chief executive of Gray Drug, received the Sheldon W. Fantle Lifetime Achievement ...
Onetime gains push Drug Emporium net up 125%.
May 24, 1999 ... POWELL, Ohio -- With onetime gains countering a downturn in operating results, Drug Emporium's net income more than doubled during the fiscal year ended February 27. The operator and franchisor of drug stores scored a 124.9% rise in net profits to $3.8 million in fiscal 1999 ...
CVS posts record results in quarter.
May 24, 1999 ... WOONSOCKET, RI. -- CVS Corp. began 1999 by posting record sales and earnings. Net income at the drug chain jumped 24.7% to $164.6 million over the three months ended March 27 from $132 million in the first quarter of 1998. The amelioration came on a 17.8% rise in volume to $4.24 ...
Chain drug Stocks.
May 24, 1999 ... <Pre> Chain drug Stocks CurrentPrevious close close Net %52-week 5/4/994/12/99Change Change high Dow Jones Composite Average 3308.48...
Parent companies & combo operators.
May 24, 1999 ... <Pre> Parent companies & combo operatorsCurrent Previousclose closeNet %52-week 5/4/99 4/12/99 change change high Albertson's (combos) ...
Other retailers.
May 24, 1999 ... <Pre>Other retailers Current Previous closeclose Net % 52-week 52-week 5/4/99 4/12/99 change change high low Div. Yield A&P 31 13/16 29 3/4 +2 1/16 + 6.9 35 ...
Scene at NACDS.
May 24, 1999 ... The National Association of Chain Drug Stores Annual Meeting at the Breakers Hotel in Palm Beach, Fla., last month brought together top retailing executives and key representatives of the supplier companies that serve them. While the five-day event focused on building productive ...
NACDS charts industry stocks.
May 24, 1999 ... ALEXANDRIA, Va.--In order to facilitate the compliance of its members with new federal requirements, the National Association of Chain Drug Stores is publishing a graph every month comparing the performance of the stocks of the publicly traded drug chains (its peer group) with Standard & ...
Earnings increase 11 % at Jean Coutu.
May 24, 1999 ... LONGUEUIL, Quebec -- Net income at Jean Coutu Group during the third quarter grew 11.1% on an 18.5% increase in revenues. Earnings for the three months ended February 28 rose to $20 million (all amounts in Canadian dollars) from $18 million in fiscal 1998's third quarter. Total ...
Chain drug stocks fall 2.9% in April.
May 24, 1999 ... NEW YORK -- Chain drug stocks continued their downward trend in April. Yet financial analysts remain united in their view that the short-and long-term fundamentals of the industry remain positive. Experts believe that investors are moving away from recession-resistant industries and that ...
SDM earnings advance 2 1.6%.
May 24, 1999 ... WILLOWDALE, Ontario - Despite a shortened calendar, Shoppers Drug Mart (SDM) cranked out a 21.6% jump in earnings during its first quarter. The Imasco Ltd. division posted operating profits of $45 million (all amounts in Canadian currency) for the 12-week period ended March 31, ...
A strong start for Duane Reade.
May 24, 1999 ... NEW YORK -- Fueled by the recent purchase of Rockbottom Stores Inc. and rapid internal growth, Duane Reade started 1999 off on a high note, posting record sales and earnings. Net income amounted to $2 million for the 13 weeks ended March 27, compared with a $24.6 million deficit ...
Retailers, suppliers gear up for NACDS Marketplace.
May 24, 1999 ... NEW ORLEANS -- With more than 750 suppliers set to exhibit everything from the latest nutritional supplements to cosmetics and fragrances to snack food at the National Association of Chain Drug Stores Marketplace Conference here next month, the four-day meeting is a must-attend event for ...