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Drug

Retailers

Report: Rite Aid could close 400-500 stores under pending bankruptcy

 By Russell Redman on Sep. 25, 2023

In talks on a Chapter 11 plan, the drug chain has proposed selling or allowing creditors to assume its remaining operations, according to the Wall Street Journal.

Retailers

Walgreens Boots Alliance CEO Rosalind Brewer steps down

 By Russell Redman on Sep. 01, 2023

Search for replacement begins as drug store giant names director Ginger Graham as interim CEO.

Wellness

Medicare set to begin direct price negotiations with drugmakers

By Russell Redman on Aug. 30, 2023

The new program is expected to help slash the high cost of prescription medicines in the U.S. for consumers, pharmacies and benefit providers.

Retailers

Rite Aid reportedly preparing Chapter 11 bankruptcy filing

By Russell Redman on Aug. 25, 2023

Liabilities from opioid suits and high debt load create financial crunch for the drug chain and health care services company.

Wellness

CVS launches new subsidiary for biosimilars

By Russell Redman on Aug. 25, 2023

Called Cordavis, the business unit will work with drug makers to bring “generic” biologic medications to market.

Retailers

Rite Aid appoints Jeanniey Walden as chief marketing officer

By Russell Redman on Aug. 07, 2023

Drug chain reports departure of Justin Mennen as chief digital and technology officer.

Retailers

Walgreens Boots Alliance global CFO James Kehoe to depart

By Russell Redman on Jul. 27, 2023

Search for successor gets under way as company taps Manmohan Mahajan to serve in interim role.

Retailers

Walgreens eyes front-end sales boost with myW Days

By Russell Redman on Jul. 19, 2023

One-week shopping event will serve up exclusive in-store and digital deals and rewards for myWalgreens loyalty program members.

Retailers

Walgreens to close 150 stores over the next year

By Russell Redman on Jun. 30, 2023

Cost-savings targets raised as Q3 profit for U.S. health care business falls short of management’s expectations.

Technology

Uber Health to launch grocery, OTC medication delivery

By Heather Lalley on Jun. 13, 2023

Uber’s health-focused arm is expanding to fulfill food-as-medicine prescriptions and over-the-counter medications, a few months after adding prescription drug delivery.

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