Chain Drug Review back issues from May 2000:
NACDS benefits from Levin's political acumen.(Alan Levin to lead National Association of Chain Drug Stores)(Brief Article)
May 01, 2000; ... NEWARK, Del. -- Alan Levin is as comfortable with politics as he is with business. Now, as Levin, who is chairman, president and chief executive officer of Happy Harry's Inc., assumes the leadership of the National Association of Chain Drug Stores, he is drawing on his experience in both ...
Fesperman says Eckerd poised for turnaround.(Eckerd Corp.'s interim president John Fesperman)(Brief Article)(Statistical Data Included)
May 01, 2000; ... TARPON SPRINGS, Fla. -- Having "cleaned out the closet" by shuttering nearly 300 under-performing units, Eckerd Corp. is poised for a turnaround, interim president John Fesperman said at the drug chain's management meeting here last month. In closing small outlets that could not ...
Chapter 11 petition filed by Neuman Distributors.(Brief Article)(Statistical Data Included)
May 01, 2000 ... MOONACHIE, N.J. -- Neuman Distributors Inc., the industry's largest privately owned pharmaceutical wholesaler, filed for bankruptcy protection last month, saying it could no longer pay its creditors. In what many company employees and customers described as an unexpected move, ...
CVS.com touts its 'superior model'.(for Internet pharmacy)(Brief Article)
May 01, 2000 ... LOS ANGELES -- As the result of several recent upgrades, CVS Corp.'s web site has become the "superior model for Internet pharmacy," says Debra Robinson, chief information officer of CVS.com. During her keynote address at Spring Internet World 2000 here, Robinson said that ...
Rite Aid gets $1 billion in financing.(Brief Article)(Statistical Data Included)
May 01, 2000; ... CAMP HILL, Pa. -- Having secured $1 billion in new financing and a restructuring of its debt, Rite Aid Corp. has set in place "a cornerstone of our turnaround plan," says chairman and chief executive officer Bob Miller. The financing plan, which includes extensions on loans ...
Beindorff becomes CEO of PlanetRx.com.(Michael Beindorff)(Brief Article)
May 01, 2000 ... SOUTH SAN FRANCISCO, Calif. -- In one of its busiest months since going on-line last spring electronic drug store operator PlanetRx.com has promoted five executives, added a line of private label nutritional supplements to its offerings and inked an agreement making it the exclusive ...
Longs appoints McCann senior VP, CFO.(Longs Drug Stores, Steven McCann)(Brief Article)
May 01, 2000 ... WALNUT CREEK, Calif. -- Longs Drug Stores has appointed Steven McCann senior vice president and chief financial officer. He succeeds Ron Plomgren, who retired in January after 51 years at the company. "We are pleased to have McCann join the Longs team," says ...
Arrow changing name to FamilyMeds.(Brief Article)(Statistical Data Included)
May 01, 2000 ... FARMINGTON, Conn. -- Arrow Corp. is in the process of changing its name to Family-Meds Inc., the same banner it uses for the on-line pharmacy it launched last summer. The new name will be utilized in the chain's relatively new market areas in the South and West, but the Arrow ...
Five health care wholesalers form web venture.(Brief Article)
May 01, 2000 ... NEW YORK -- In a move to bring greater efficiency to the health care supply chain, five of the nation's largest pharmaceutical and medical wholesalers have agreed to form an Internet-based company bringing shared standards to purchasing on the web. The collaboration of ...
NACDS Annual Meeting offers forum for tackling key issues.
May 01, 2000 ... PALM BEACH, Fla. -- The first National Association of Chain Drug Stores Annual Meeting of the new century has brought some 2,400 industry leaders together to address pivotal issues affecting retail pharmacy operators and their suppliers. Running from April 29 through May 3 at ...
Walgreen Co.(Brief Article)
May 01, 2000; ... All new or remodeled Walgreen Co. outlets now feature larger, more open beauty care departments. The retailer has enlarged the front of its stores to include a glass atrium, allowing for about 7% more space for beauty care. Its latest prototype also features a ...
L'Oreal.(Brief Article)
May 01, 2000; ... L'Oreal has signed an agreement with Bristol-Myers Squibb Co. whereby Cosmair Inc., L'Oreal's U.S. subsidiary, will acquire Bristol Myers' Matrix Essentials division. Matrix is the leading manufacturer of hair care products for the professional market in North America. ...
Eckerd Corp.(Brief Article)
May 01, 2000; ... Chain drug retailers are beginning to put their personal stamp on the burgeoning bath and body category with major launches of store brands. For ...
Plano Molding Co.(Brief Article)
May 01, 2000; ... Responding to teen focus groups, Piano Molding Co.'s Caboodles unit is planning to add a body and bath line for teenagers this fall. The supplier currently offers cosmetics, cosmetics boxes and accessories. The new collection will include body ...
Coty Inc.(Brief Article)(Product Announcement)
May 01, 2000; ... Coty Inc. is poised to launch Aspen Discovery, a men's fragrance that "embraces a man's growing sense of individualism and inner strength." The product has notes of citrus, snow frosted apple and wild Alpine berries, as well as essences of Colorado blue spruce, ivy geranium and white ...
Third Party Solutions is on track.(Brief Article)
May 01, 2000 ... MEMPHIS -- Well on its way to becoming the nation's leading provider of workers' compensation pharmacy programs, Third Party Solutions (TPS) is doing workers' compensation prescription billing for about 25,000 drug stores across the country. "The three most important things we ...
Alberto-Culver taps Bennett.(Brief Article)
May 01, 2000 ... MELROSE PARK, Ill. -- Timothy Bennett, who has been director of customer development since joining Alberto-Culver Co. a little more than a year ago, has been promoted to vice president of customer sales for the company's personal care division. In his new position Bennett will ...
Acquisitions bolster Unilever's food unit.(Brief Article)
May 01, 2000 ... GREENWICH, Conn. -- Unilever Inc. has acquired two food companies at opposite ends of the spectrum. Both transactions, which executives say will help Unilever in its quest to develop its food business, were made on the same day last month. In a $2.3 billion deal the ...
New line pays dividends for Del.(Brief Article)(Product Announcement)
May 01, 2000 ... UNIONDALE, N.Y. -- Sensing an opportunity in the budget cosmetics segment, Del Laboratories Inc. rolled out N.Y.C. New York Color a year ago, and the brand is already paying dividends for the supplier and for consumers, executive vice president of marketing Bill McMenemy says. ...
Grocery Link is now eXchangeBridge.(Brief Article)
May 01, 2000 ... NORCROSS, Ga. -- Grocery Link, billed as the nation's first truly integrated, web-based, scalable order processing system, has changed its name to eXchangeBridge. "When we started out our focus was on the grocery industry," comments chief executive officer Jim Heim. "We thought ...
Horizon records net loss of $7.5 million during 1999.(Brief Article)
May 01, 2000 ... DEMSON, Texas -- Weighed down by a provision for upcoming store closings, investments in its new E-commerce business and lower gross margins, Horizon Pharmacies fell deeper into the red during 1999. And management warned that losses will extend into the current year, as the company ...
Other retailers.(stock report)(Brief Article)(Illustration)(Statistical Data Included)
May 01, 2000 ... <Pre> Current Previous close close Net %52-week 52-week Other retailers 4/18/00 3/21/00 change change high low Div. A&P 18 1/218 7/8 - 3/8 - 2.0 37 11/16 17 1/4 0.40 Kmart 8 1/2 9 ...
Kroger profits surge despite onetime items.(1999)(Brief Article)(Statistical Data Included)
May 01, 2000 ... CINCINNATI -- Even though fourth quarter results were weighed down by onetime merger-related items, Kroger Co. notched a 29.1% rise in profits before extraordinary debt retirement charges during fiscal 1999. In its first year with Fred Meyer Inc. in the fold the nation's largest ...
Chain drug stocks still disappointing.(Brief Article)
May 01, 2000 ... NEW YORK -- Chain drug stocks have been underperforming on Wall Street as a whole so far during 2000. Investors are trying to evaluate which of the industry's business models will succeed. Many analysts are now saying the best formula for the future is Internet pharmacies ...
Navigating the changes at the NACDS Annual Meeting.
May 01, 2000; ... It's NACDS Annual Meeting time once again. This year's event, however, is different from those preceding it in so many significant ways that the mind races to comprehend all the changes. To simplify matters, both for first-timers and old hands, here's a rundown of the key differences and ...
Relevance of the chain drug store called into question.
May 01, 2000; ... NEW YORK -- It is hard to imagine a time when the chain drug store wasn't an integral part of American life. For the last 30 years it has stood on Main Street or at the intersection of a major suburban highway, convenient and accessible to all. Shopped by all -- women and men, families, ...
Web Communications.(for pharmacists)(Brief Article)
May 01, 2000 ... WASHINGTON -- The American Pharmaceutical Association (APhA) and Intel Corp. are developing an APhA-branded digital credential that ...
Gene Decoded.(by deCode Genetics Inc.)(Brief Article)
May 01, 2000 ... BASEL, Switzerland -- Roche Holding AG reports that deCode Genetics Inc., one of its health care partners, has mapped a gene ...
Drug Discovery Is the Focus Of Lilly, Arena Collaboration.(Eli Lilly and Co., Arena Pharmaceuticals Inc.)(Brief Article)
May 01, 2000 ... Eli Lilly and Co. and Arena Pharmaceuticals Inc. are researching drug screening targets using the latter's innovative technology. The initial focus is on such areas as the central nervous system, ...
Merger weighed.(Bristol-Myers Squibb Co.)(Brief Article)(Statistical Data Included)
May 01, 2000 ... Bristol-Myers Squibb Co. will consider a merger so that it can keep pace with the anticipated growth rates of its newly combined competitors, according to a London newspaper. The Financial Times quotes ...
Pharmacia deal.(Brief Article)
May 01, 2000 ... Pharmacia Corp. has chosen Biacore International AB as a partner to help it develop drug candidates ....
Alzheimer's focus.(Brief Article)(Statistical Data Included)
May 01, 2000 ... American Home Products Corp. and Blan Corp. PLC have formed an alliance to develop an Alzheimer's disease vaccine. The ...
Pharmex picked.(Novopharm Ltd.'s contract with Pharmex Industries)(Brief Article)
May 01, 2000 ... Novopharm Ltd. has selected Pharmex Industries as its primary acetaminophen ...
Merck Appoints Top Researcher To Direct Key Scientific Work.(Douglas Greene; includes information on various corporate executive appointments)(Brief Article)
May 01, 2000 ... Douglas Greene has joined Merck & Co. as executive vice president for clinical services and product development. He will oversee the drug development process for the company's research labs, including clinical, regulatory and project planning. Thomas Layloff Thomas ...
Supermarketers Target Rx.(Brief Article)(Statistical Data Included)
May 01, 2000; ... PHOENIX -- Despite acknowledging that the industry's ongoing pharmacist shortage is not likely to end anytime soon, executives at last month's 13th Annual Food Marketing Institute Supermarket Pharmacy Conference here indicated they are ready to grab a larger part of the nation's ...
Mylan Exec.(Richard Moldin)(Brief Article)
May 01, 2000 ... PITTSBURGH -- Richard Moldin has been appointed president and chief operating officer of Mylan Laboratories Inc. He had been president and chief executive officer of Faulding Inc. Moldin assumes the position of president from Milan Puskar, who remains chairman and chief ...
Six Leading Health Plans To Develop Internet Venture.(Brief Article)
May 01, 2000 ... NEW YORK--Six of the nation's largest health plans are developing an on-line venture in a move to protect their business relationships with physicians and patients from the advances of Internet-based health care firms. Members of the MedUnite consortium are Aetna U.S ....
Time Has Come for Standardized Prescription Cards.(Brief Article)(Statistical Data Included)
May 01, 2000; ... Just as you depend on your credit card or your ATM card to work anytime presented with minimal delays, patients should be able to use their prescription drug cards with the same expectation. As all pharmacists know, that is often not the case. Consider this simple ...
Clinton Plans Conference on Drug Pricing.(Brief Article)(Statistical Data Included)
May 01, 2000 ... WASHINGTON -- President Clinton has called for a summer conference to examine the methods that pharmaceutical companies use to set prices. The President, who has asked industry representatives to attend the forum, continues to urge Congress to pass a universal drug benefit for ...
Patient Privacy on Net a Concern.(Brief Article)(Statistical Data Included)
May 01, 2000 ... WASHINGTON -- The Internet is revolutionizing the health care industry, but a national standard is needed to reduce the risks to the privacy and security of confidential medical information, according to Greg Hedges, a principal in the technology risk consulting practice of Arthur Andersen ...
Aetna Agrees to Settle Suit Over Its Practices in Texas.(Brief Article)(Statistical Data Included)
May 01, 2000 ... DALLAS -- Aetna U.S. Healthcare has settled a suit with the attorney general of Texas, agreeing on guidelines to enhance member choice and access and improve physician-patient relationships. The state's suit against the health insurer charged Aetna had misled customers in Texas ...
Net Pharmacies Could Face More Regulation.(Brief Article)(Statistical Data Included)
May 01, 2000 ... WASHINGTON -- Federal officials and those on the state level want more power to regulate on-line pharmacies and to punish those web operators that are endangering the public's health through unethical and sometimes illegal operating and sales practices. "The unique qualities of ...
Educational Program on Arthritis Debuts.(Brief Article)(Statistical Data Included)
May 01, 2000 ... ATLANTA -- The Arthritis Foundation and other health care organizations have launched a program to help patients work with their physician to help them overcome pain associated with arthritis and other conditions. The educational program is designed to encourage patients to ...
States Are Taking Action on Prescription Drug Prices.(Brief Article)(Statistical Data Included)
May 01, 2000 ... NEW YORK -- Rather than waiting for action on the federal level, states from coast to coast are making efforts to control the escalating costs of prescription drugs for their residents. In Maine the legislature last month approved a bill to control drug prices, becoming the ...
Report Says Dietary Supplement Labels Aren't Always Accurate.(Brief Article)(Statistical Data Included)
May 01, 2000 ... SAN DIEGO -- Dietary supplements containing glucosamine and chondroitin sulfate includes significantly less of the ingredients than the amounts that appear on their labels, according to a recent study by the pharmacy school at the University of Maryland. Glucosamine and ...
Study Finds Pain Medications Lacking in Minority Neighborhoods.(Brief Article)(Statistical Data Included)
May 01, 2000 ... NEW YORK -- Pharmacies in many minority neighborhoods of New York City do not carry enough prescription-strength pain medications, a study published recently in the New England Journal of Medicine reports. According to Sean Morrison of New York's Mount Sinai School of Medicine, ...
Doctors Deceiving Insurers to Win Care for Patients.(Brief Article)
May 01, 2000 ... CHICAGO -- A report by the American Medical Association (AMA) says more and more physicians admit that they are falsifying insurance information so that their patients can receive drugs and other medical treatment. And in California a doctor is suing a managed care plan over ...
Canadian Retailers In Fight for Personnel.(Brief Article)
May 01, 2000 ... TORONTO -- Canadian employers, drug chains among them, are involved in a new campaign -- a war for talent. That was the message Anne Coombs, president of Coombs Consulting, brought to attendees at the second annual Canadian Association of Chain Drug Stores Conference here earlier this ...
AMD Treatment.(Brief Article)
May 01, 2000 ... WASHINGTON -- The FDA has approved Visudyne, an injection therapy for age-related ...
Mylan Wins OK.(Brief Article)
May 01, 2000 ... PITTSBURGH -- Mylan Laboratories Inc. has received FDA approval to market bupropion HCI ...
Osteoporosis Treatments Are Given FDA Approval.(Brief Article)
May 01, 2000 ... Two treatments for the prevention of postmenopausal osteoporosis have been approved by the Food and Drug Administration. Receiving marketing clearance were Pharmacia Corp., for its Activella ...
First generic.(Brief Article)
May 01, 2000 ... Roxane Laboratories Inc. is introducing the first generic cyclophosphamide tablets ....
Mobic approval.(FDA approval for oseoarthritis treatment)(Brief Article)
May 01, 2000 ... The FDA has approved Mobic tablets as a treatment for osteoarthritis. It will be ...
Methimazole OK.(Brief Article)
May 01, 2000 ... Applied Analytical Industries Inc. has received clearance to market methimazole in 5- and.10-mg. strengths. The product is indicated for ...
Teva marketing.(Teva Pharmaceuticals Ltd.)(Brief Article)
May 01, 2000 ... Teva Pharmaceutical Industries Ltd. will market a recombinant human growth hormone developed by Bio-Technology ...
Alpharma debut.(Brief Article)
May 01, 2000 ... Alpharma USPD is launching hydroxyzine HCI syrup USP, bioequivalent to Pfizer Inc.'s Atarax syrup. The product is ...
Taro Gets Okay To Begin Selling Clotrimazole As an O-T-C.(Taro Pharmaceuticals)(Brief Article)
May 01, 2000 ... Taro Pharmaceuticals Industries Ltd. has received approval to market clotrimazole three-day cream 2%. The ...
O-T-C unit revamped.(Brief Article)
May 01, 2000 ... Pharmacia Corp. is moving the global division of its O-T-C operations from Sweden to Peapack, N.J. "Our new O-T-C business strategy ...
Cold sore cream.(Brief Article)
May 01, 2000 ... SmithKline Beecham Consumer Healthcare will market Avanir Pharmaceuticals' nonprescription docosanol 10% cream as a ...
Prostate disease.(Biosafe Medical Technologies Inc. launches test kit to diagnose disease)(Brief Article)(Product Announcement)
May 01, 2000 ... Biosafe Medical Technologies Inc. has introduced PSA4, a self collected, laboratory analyzed blood test for measuring prostate specific antigen, which ...
ICaps pact.(Alcon Laboratories Inc. acquires antioxidant supplements from La Haya Laboratories)(Brief Article)
May 01, 2000 ... Alcon Laboratories Inc. has acquired the ICaps line from La Haye Laboratories. The dietary supplement provides a ...
Allergy relief.(Brief Article)
May 01, 2000 ... Get Tech LLC., a joint venture of Gum Tech International inc. and Bio Delivery Techonologies Inc., has unveiled Zicam allergy relief, a ...
Kerr Expanding Rx Services.(Kerr Drug's Enhanced Pharmaceutical Care Center)(Brief Article)
May 01, 2000 ... RALEIGH, N.C. -- Kerr Drugs has opened its second Enhanced Pharmaceutical Care Center (EPCC), part of the chain's initiatives to expand pharmacy services to its customers. The new unit, in Benson, N.C., joins a facility that opened in September 1998 in the North Carolina ...
Sidmak Establishes a Unit For Branded Medications.(Sidmak Laboratories Inc., Odyssey Pharmaceuticals Inc.)(Brief Article)
May 01, 2000 ... EAST HANOVER, N.J. -- Sidmak Laboratories Inc., a well known generic drug manufacturer, has established Odyssey Pharmaceuticals Inc. Urecholine is the initial product launch of Odyssey, which has additional brand name product introductions in the planning stages. Sidmak has ...
SmithKline's Avandia Wins Okay From FDA.(Type 2 diabetes treatment)(Brief Article)
May 01, 2000 ... PHILADELPHIA -- SmithKline Beecham PLC's Avandia has been approved by the Food and Drug Administration for the treatment of Type 2 diabetes in combination with sulfonylureas. The designation comes less than a year after the drug, known by its generic name of rosiglitazone ...