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Market Buzz& Industry News

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Alembic obtains FDA approval for generic Zaroxolyn

12/03/2020


Alembic’s metolazone tablets will be available in dosage strengths of 2.5 mg, 5 mg, and 10 mg.

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CVS Health pilots administering COVID-19 therapy in home, at long-term care facilities

12/03/2020


As part of Operation Warp Speed, Coram, the infusion care business of CVS Health, will provide timely patient access to new monoclonal antibody therapies for the treatment of COVID-19.

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Hy-Vee to hire 1,000 pharmacy technicians as it expands COVID-19 testing capacity

12/03/2020


Hy-Vee is hiring full- and part-time licensed pharmacy technicians across its more than 270 pharmacies as it expands COVID-19 testing and prepares for a COVID-19 vaccine.

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Walmart giving another employee bonus, extending COVID-19 emergency leave

12/03/2020


The retail giant will pay out more than $700 million in additional cash bonuses to the 1.5 million full- and part-time employees working in Walmart and Sam’s Club stores, distribution centers and fulfillment centers.

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NACDS joins COVID-19 Vaccine Education and Equity Project

12/02/2020


NACDS has joined the COVID-19 Vaccine Education and Equity Project, which includes 60 organizations collaborating to provide information about vaccines for the illness that prioritizes equity and trust.

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Longs Drugs debuts HealthHUB in Hawaii

12/02/2020


Longs Drugs unveiled three new HealthHub store formats in Hawaii.

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Sunbeam releases GoHeat Cordless heating pad

12/02/2020


The GoHeat Cordless heating padis designed to help relieve pain and treat sore muscles at home or on the go, with the ability to heat up in as little as 30 seconds. 

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GNC, Jay Glazer partner on supplement line

12/02/2020


GNC has teamed up with TV personality and sports reporter Jay Glazer on an exclusive line of products inspired by Glazer’s gym business. The “Unbreakable Performance Fueled by GNC” products are a range of own-brand supplements that take the name o

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Hy-Vee launches PBM subsidiary Vivid Clear Rx

12/02/2020


Vivid Clear Rx will offer PBM services to help Hy-Vee employees, and other employers better manage healthcare costs.

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Walgreens Advertising Group aims to help brands personalize shopping

12/02/2020


Walgreens Advertising Group, or Wag, is a full-service, personalization-driven advertising offering based on the retailer’s customer insights and first-party data.

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2020 Industry Issues Summit's final panel tackles successful retailer-supplier relationships

12/02/2020


The 22nd DSN Industry Issues Summit closed out on Thursday with a hard-hitting panel discussion about what successful retailer-supplier partnerships look like in the midst of a pandemic. 

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Kroger’s Q3 exceeds profit expectations, sees 250 private-label launches

12/02/2020


WIth pandemic numbers spiking, CEO Rodney McMullen told the analysts that Kroger’s supply chain “remains strong and healthy and we are replenishing our stores daily so that the supplies and products our customers need are readily available.”

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Beauty with a purpose: How brands are stepping up

12/01/2020


According to a survey by New York-based Deloitte Global, purpose-driven products are selling three times faster, on average, than their competitors — here are beauty brands doing good and making sales.

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Walgreens, VillageMD to open 40 co-branded clinics by end of summer 2021

12/01/2020


The planned locations — the first of which will open in Phoenix on Dec. 14 — mark the companies’ opening salvo in their plan to open between 500 and 700 Village Medical at Walgreens clinics in some 30 markets over the coming five years.

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Sephora, Kohl's partner on store-in-store beauty destinations

12/01/2020


The department store retailer and Sephora announced a long-term partnership that will see the beauty giant open hundreds of in-store shops inside Kohl’s stores.

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NACDS’ Retail Advisory Board tackles retail-supplier collaboration amid pandemic, gets vaccine update from GSK

12/01/2020


At the NACDS Retail Advisory Board's virtual meeting, members discussed priority industry issues, COVID-19 and NACDS' members' work throughout the pandemic.

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Coty names 2 consumer beauty execs

12/01/2020


Coty has named Stefano Curti chief brands officer for consumer beauty and promoted Alexis Vaganay to the role of chief commercial officer for consumer beauty.

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High Beauty, Ligos team up to create cosmetics using rare cannabinoids

12/01/2020


The first products to launch from this collaboration are the High & Bye Refining Oil and High & Bye Clearing Gel, which include Lygos-CBG, meant to help target blemish-prone skin. 

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Walmart+ ditches shipping minimum for members

12/01/2020


Members of Walmart’s paid membership program no longer have to spend $35 to get free shipping on non-grocery items.

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Industry Issues Summit panel outlines retail’s patient care efforts

12/01/2020


The third day of Drug Store News’ 22nd Industry Issues Summit kept the event’s momentum going with a panel on “Great Expectations: How Retail Pharmacy is Executing Patient Care.” 

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Walmart appoints Pegus to lead health and wellness

11/30/2020


Cheryl Pegus, formerly president of consumer health solutions and chief medical officer at Cambia Health Solutions, is joining Walmart as executive vice president of health and wellness, effective Dec. 21.

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Lupin obtains FDA OK for generic Depen

11/30/2020


Depen had a market value of approximately $4 million, according to September 2020 IQVIA data.

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U.S. District Court upholds validity of Tris Pharma’s Quillivant XR patents

11/30/2020


The U.S. District Court of Delaware's decision prevents Actavis from launching generic versions of Quillivant XR until February 2031.

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Hy-Vee unveils Hy-Vee Plus premium membership

11/30/2020


Hy-Vee Plus premium membership offers customers added savings and exclusive benefits and services across all areas of the store, both in-store and online, for $99 per year.

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Fresenius Kabi launches generic Firazyr

11/30/2020


Fresenius Kabi's icatibant injection is supplied as a 3-ml, prefilled, single-use syringe that is self-administered subcutaneously into the abdominal area.

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Panel weighs effect of COVID-19 on retail pharmacy on 2nd day of DSN Industry Issues Summit

11/30/2020


Tuesday's panel tackled how the pandemic has accelerated change at retail pharmacy, including key learnings from the past nine months and how retail healthcare strategies have had to adapt throughout.

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Church & Dwight acquiring Zicam owner in $530M deal

11/30/2020


Church & Dwight said it had completed its $530 million acquisition of Matrixx Initiatives, owner of cough-cold shortening brand Zicam.

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Rite Aid names head of diversity and inclusion

11/30/2020


Rite Aid has appointed Texanna Reeves as its vice president of diversity, equity and inclusion.

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Mack to moderate his 10th DSN Industry Issues Summit Panel

11/30/2020


As part of DSN's 22nd Industry Issues Summit, Mack Elevation founder Dan Mack will moderate a panel on Dec. 3 about “Building Strategic Supplier and Retailer Partnerships,” marking his 10th year moderating.

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Finishing Touch Flawless lands Halle Berry as collaborative partner

11/30/2020


Berry will be featured in Finishing Touch Flawless’ new multimedia campaign, which will span television, print, digital and social media. 

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Moderna's final analysis finds COVID-19 vaccine 94.1% effective

11/29/2020


Moderna expects to have approximately 20 million doses of its coronavirus vaccine available in the United States, by the end of 2020.

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At-home COVID-19 test coming to 1,200 independent pharmacies via PPOk

11/29/2020


Wheeler Labs' at-home COVID-19 test will be distributed by Pharmacy Providers of Oklahoma.

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Aurobindo intros generic Nolvadex

11/29/2020


Tamoxifen citrate tablets have a market value of $22.7 million for the 12 months ended September 2020, according to IQVIA.

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CVS Pharmacy opens 12 new Hispanic-focused stores in tri-state area

11/29/2020


CVS Pharmacy y más stores in New York and New Jersey are the first stores to feature this format in the tri-state area.

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McKesson’s Jhaveri to moderate first panel at DSN Industry Issues Summit

11/29/2020


Tuesday's DSN Industry Issues Summit panel will be moderated by McKesson's Nimesh Jhaveri, who is moderating a panel at the event for the first time after being a panelist in prior years.

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Mason Vitamins promotes Tacl to SVP role

11/29/2020


Chuck Tacl, who joined Mason Vitamins in March 2019, has been promoted to be senior vice president of sales and business development.

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Unilever acquiring SmartyPants Vitamins

11/29/2020


Unilever is acquiring Los Angeles-based SmartyPants Vitamins for an undisclosed sum, growing its footprint in functional nutrition.

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Webb outlines how retailers can navigate an uncertain future in Industry Issues Summit keynote

11/29/2020


The 22nd Drug Store News Industry Issues Summit kicked off Monday with author and futurist Amy Webb helping retailers strategize on how to tackle what the future holds for retail.

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Genentech gets FDA nod for new indication for Xofluza   

11/24/2020


Genentech’s Xofluza now is indicated to include post-exposure prevention of influenza for patients 12 years old and older after contact with a person with the flu.

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Merck to acquire OncoImmune, potential COVID-19 treatment

11/24/2020


Merck will acquire Oncolmmune, which recently announced positive findings from a Phase 3 study of its candidate for the treatment of patients with severe and critical COVID-19.

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PDX, NHIN and EHR Data founder Kenneth Hill Sr. dies

11/24/2020


EHR Data's founder and chairman of the board, Kenneth Hill Sr., passed away on Nov. 23, the company said.

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Dolly Parton, American Greetings drop virtual holiday card line

11/24/2020


The A Holly Dolly Christmas Collection looks to bring joy, hope, love and laughter to families during the holiday season, the company said.

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FDA gives Alembic tentative OK for generic AndroGel

11/24/2020


Testosterone gel has a market size of roughly $107 million for the 12 months ended September 2020, according to IQVIA.

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Moocho’s cheese shreds go dairy free

11/24/2020


Moocho’s new dairy-free cheese shreds are available in three flavors — cheddar, mozzarella and fiesta blend.

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Focus On: No Fade Fresh delivers convenient, clean hair color

11/24/2020


No Fade Fresh’s founder and CEO, Leland Hirsch, discusses how the pandemic gave an opening for the brand’s products to get on store shelves.

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Biochem adds chocolate peppermint to Whey Isolate Protein line

11/24/2020


Biochem’s new chocolate peppermint flavor is free of sugar and made with non-GMO ingredients, the company said.

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Wendland to mark 17th year moderating DSN Industry Issues Summit panel

11/24/2020


Hamacher Resource Group vice president of strategic relations Dave Wendland will be moderating a panel on Dec. 2 as part of DSN’s four-day virtual Industry Issues Summit.

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Lupin launches generic Prograf

11/24/2020


Tacrolimus capsules had a market value of approximately $303 million, according to September 2020 IQVIA data.

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Dollar Tree sales, estimates beat expectations in Q3

11/24/2020


Dollar Tree reported net sales increased by 7.5% to $6.177 billion and same-store sales increased by 5.1%, as well as plans to renovate approximately 1,250 Family Dollar stores in 2021.

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Generics lineup: Highlighting top companies in generics

11/23/2020


This month, Drug Store News is highlighting the standouts of the generics industry dedicated to making drug cost savings possible, particularly at this critical time when the healthcare industry has been affected by COVID-19.

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