Category Archives: Wholesale Pharmacy

Folks at Wal-Mart Stores (WMT) can't seem to make up their minds about health care. Just last week, there was talk the company might offer health insurance coverage to small businesses, a group that has trouble buying coverage at reasonable rates. Sounds like the company might be thinking about organizing a health-care exchange targeting small businesses. Maybe not. A company spokeswoman told Bloomberg BusinessWeek the company was evaluating the idea. But, she added, "Wal-Mart does not currently have plans for a private health insurance exchange." Okay. Next, the Orlando Business Journal's Abraham Aboraya, who started all this speculation, quoted a Wal-Mart executive as saying it will open primary care clinics in five to seven years. But, no, maybe not. Later, the company told Aboraya that there was no big plan for primary care. So it's all very confusing. The larger trend is, however, that small-business health insurance exchanges are starting to get organized. It may be that a Wal-Mart or a Costco Wholesale (COST) may be involved, as opposed to exchanges set up by states, because they have the expertise on negotiating plans covering many thousands of people, particularly Costco. At the same time, big retail chains, like Wal-Mart, Costco … Continue reading →

Contact:Consumer: 1-800-444-4011 Media: Blaine Davis 1-610- 459-7158 FOR IMMEDIATE RELEASE December 6, 2012 Qualitest, a subsidiary of Endo Health Solutions, (Nasdaq: ENDP) today issued a voluntary nationwide recall for 101 lots of Hydrocodone Bitartrate and Acetaminophen Tablets, USP 10 mg/500 mg. This includes product with the following NDC numbers and lot numbers beginning with the letter C. It is possible that a number of tablets from the affected lots may exceed the weight requirement and could exceed the label claim potency requirements for the ingredients of hydrocodone bitartrate and acetaminophen. Hydrocodone bitartrate and acetaminophen 10mg/500 mg tablets are indicated for the relief of moderate to moderately severe pain. Bottles from the affected lots may contain tablets that have a higher dosage of acetaminophen, and as a result, it is possible that consumers could take more than the intended acetaminophen dose. Unintentional administration of tablets with increased acetaminophen content could result in liver toxicity, especially in patients on other acetaminophen containing medications, patients with liver dysfunction, or people who consume more than 3 alcoholic beverages a day. The product label warns consumers that acetaminophen overdose can potentially cause severe liver damage, at times resulting in liver transplant or death. The affected … Continue reading →

Some parts of the country are experiencing spot shortages of flu vaccine because of increased demand in a flu season that started earlier and is more severe than previous years. In Las Vegas, Celeste Tom tried six times before she found a flu shot for her boyfriend. "I'd been bugging him to get a flu shot, but he kept putting it off," said Tom, 55. The Smith's Food and Drug Center where she got her shot was out. Her partner called his doctor's office, but they were out, too. Next she tried a Walgreens and then a CVS pharmacy; no vaccine. She called another Smith's, but it would administer vaccine only to people over 65. On Monday, she found a Walgreens that had 10 doses left. "I called back when he got off work at 1 p.m. to make sure they still had some, and he finally went in." "The bottom line is there's vaccine out there," said Tom Skinner, a spokesman for the Centers for Disease Control and Prevention. "There may be places where there are spot shortages, but there should be a little bit more coming, so people may have to check around for it." It took Pam … Continue reading →

TraceLink Life Sciences Cloud, protecting patients, enabling health, growing profits and ensuring compliance in global Life Sciences, has been named Finalist by Amazon.com in the AWS Global Start-Up Challenge. The Life Sciences Cloud creates complete global connectivity, traceability and visibility of pharmaceuticals, from raw materials though production to the patient, with a single point and click connection on an elastic and secure AWS-based cloud computing platform. Woburn, MA (PRWEB) January 15, 2013 Counterfeit drugs threaten the safety of millions of people each year. Eighty percent of medicines are consumed by only 15 percent of the global population while over 2 billion patients lack access to essential medicines. Out-of-stocks have risen 500 percent in the past few years driven by quality issues in outsourced production. said Shabbir Dahod, President and CEO, TraceLink. We developed the Life Sciences Cloud to directly address these systemic problems by creating a globally integrated virtual network that protects integrity and improves performance from ingredient to patient. The TraceLink Life Sciences Cloud enables complete global connectivity, visibility and traceability of pharmaceuticals from raw materials through production, distribution and delivery to the patient. With a single point and click connection, companies gain shared visibility and complete collaboration across … Continue reading →

SILVER SPRING, Md., Jan. 14, 2013 /PRNewswire/ --Sunpeaks Ventures, Inc. (SNPK) (SNPK) (the "Company" or "Sunpeaks Ventures") announces it has changed its corporate name to Pharmagen, Inc. In conjunction with the name change, the company has a redesigned brand, logo, and will soon have a rebranded corporate website. The company's objective to be the leader in solutions to the nation's sterile pharmaceutical crisis remains the same. Effective immediately, the operating units of Sunpeaks Ventures, Healthcare Distribution Specialists and Bryce Rx Laboratories, will be rebranded as Pharmagen Distribution and Pharmagen Laboratories. The company also has created a new operating unit, Pharmagen Nutraceuticals, to support its growing venture into the Over-The-Counter ("OTC") market. Effective January 15th, the company's trading symbol will be PHRX. "After almost a year of being publically traded, we are finally pulling together the pieces to be a vertically integrated company from top to bottom. We are uniquely positioned in the market as the leader in solving the nations sterile injectable crisis. Our multifaceted approach, through dynamic, independent wholesale, compounding/admix, and innovative IT solutions, allows us to be total solution provider for hospitals. The addition of a strong Chief Financial Officer, solid Executive Vice Presidents of our operating divisions, … Continue reading →

Sunday, Jan. 13, 2013 With its economy spluttering, large parts of its northeastern region still devastated by the effects of the mammoth Great East Japan Earthquake of 2011 and releases of radioactive materials that followed its population shrinking and aging at unprecedented rates and its citizens despairing of dysfunctional politics, Japan's entry into a new Year of the Snake appears unlikely to yield much of the steady progress that these years traditionally herald. Indeed, the country's myriad problems including fundamental divisions over such crucial issues as energy, defense and trade policies can appear so deep-seated as to make it difficult to know even how to begin to set things right. In an effort to cast some light into this darkness, The Japan Times has enlisted a range of especially talented individuals to respond to a simple question: What are the three most important things that Japan must do in 2013? Comprising business people, artists, academics and politicians, our 10 respondents offer a stimulating and diverse array of suggestions to help this country reset its course for the better before 2014's Year of the Horse gallops in with all its supposed symbolism of nobility, class, speed and perseverance ... A grandson … Continue reading →

A deluge of people seeking the influenza vaccine has strained the resources of Capital Region pharmacies and doctors' offices as a growing national flu outbreak reached epidemic levels. The outbreak has also prompted local hospitals to restrict visitors, an emergency protocol aimed at slowing the spread of the virus. Mirroring a wave of illness throughout 47 states, data show flu has been widespread throughout New York for seven weeks. The number of patients admitted to hospitals in the state with confirmed cases of influenza spiked 55 percent last week, and one child died, according to the state Department of Health. The high number of flu cases, coupled with an early start to the flu season, sent more people than usual to pharmacies and doctors' offices to be vaccinated. Some locations ran low, while others stockpiled doses in anticipation of supplies drying up in the near future. The federal Centers for Disease Control said on its website that the vaccine may be difficult to find. Price Chopper, which offers vaccines at in-store pharmacies, has nearly tripled the number of vaccines it doles out daily. The company placed an order for 600 doses of the vaccine for its 45 New York state … Continue reading →

A deluge of people seeking the influenza vaccine has strained the resources of Capital Region pharmacies and doctors' offices as a growing national flu outbreak reached epidemic levels. The outbreak has also prompted local hospitals to restrict visitors, an emergency protocol aimed at slowing the spread of the virus. Mirroring a wave of illness throughout 47 states, data show flu has been widespread throughout New York for seven weeks. The number of patients admitted to hospitals in the state with confirmed cases of influenza spiked 55 percent last week, and one child died, according to the state Department of Health. The high number of flu cases, coupled with an early start to the flu season, sent more people than usual to pharmacies and doctors' offices to be vaccinated. Some locations ran low, while others stockpiled doses in anticipation of supplies drying up in the near future. The federal Centers for Disease Control said on its website that the vaccine may be difficult to find. Price Chopper, which offers vaccines at in-store pharmacies, has nearly tripled the number of vaccines it doles out daily. The company placed an order for 600 doses of the vaccine for its 45 New York state … Continue reading →

NEW YORK Supervalu Inc., the parent company of Shaws Supermarkets, is selling off five of its grocery chains, including Shaws and Albertsons, after years of being squeezed by intensifying competition. The nations No. 3 traditional supermarket operator announced Thursday that the sale of 877 stores to an investor group led by Cerberus Capital Management will also include Albertsons, Acme, the Jewell-Osco pharmacy chain, and Star Market. Cerberus already owns about 200 Albertsons in the South and Southwest. Following the sale, Supervalu will focus on its Save-A-Lot discount stores, as well as its smaller regional chains Cub, Farm Fresh, Shoppers, Shop n Save and Hornbachers. It will also keep its wholesale business that distributes groceries to stores. The investor group will pay $100 million in cash for the stores, and the new company will assume $3.2 billion in existing debt. Cerberus will also offer to buy up to 30 percent of the remaining Supervalu for $4 per share after the deal closes. There was no word Thursday on what the pending deal will mean for any of the chains, including the Shaws string of superarkets that include two stores in Gloucester one on Railroad Avenue and the other off Eastern Avenue. … Continue reading →

DEERFIELD, Ill.--(BUSINESS WIRE)-- Reviewing a challenging but strategically important year for Walgreens (WAG) (WAG), Chairman James A. Skinner, President and Chief Executive Officer Gregory D. Wasson and Executive Vice President, Chief Financial Officer and President, International Wade D. Miquelon today outlined how the company is positioned for growth in fiscal year 2013 at Walgreens Annual Shareholders Meeting. Addressing more than 2,000 shareholders in Chicago, company leadership discussed the substantial progress Walgreens is making toward its vision to be the first choice in health and daily living in America and beyond. Wasson said, With a strong foundation and the right strategies, structure and talent in place, and with many of last years headwinds becoming this years tailwinds, Walgreens is well-positioned to ensure its market leadership, growth and profitability well into the future on behalf of its customers and shareholders. Having reached new, multi-year agreements with pharmacy benefit managers Express Scripts, Optum Health and others, Walgreens is focused on three areas of opportunity ahead: We are taking a multi-pronged approach to delivering the Well Experience, Wasson said. We are combining leading-edge design with enhanced products and services, increased engagement with team members and customers, and an omni-channel approach that blends our brick-and-mortar … Continue reading →