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Tuesday, dec 17
Tag:
Rite Aid
Business
Rite Aid Announces Massachusetts Store Closure After Declaring Bankruptcy
Rite Aid has announced new store closures after the struggling pharmacy chain filed for bankruptcy in the fourth quarter of 2023. Shortly after declaring bankruptcy, Rite Aid announced 154 store closures. In a filing on Tuesday, April 9, the company said 17 more stores, including one in Massachusetts, in Fall River, at 10 Stafford Road, Rite Aid currently has 2,000 stores and about 44,000 employees. Rite Aid is one of a number of drugstore chains facing litigation related to the deadly abuse of opioids and more than a thousand lawsuits have been filed claiming Rite Aid illegally…
Business
New Info On Pair Of Brands Released After Massive Nationwide Eye Drop Recall
A nationwide recall of more than two dozen eye drop products has just been amended. The original recall was announced this past November for 27 drops distributed to wholesalers and retailers by Velocity Pharma LLC. The recall was issued due to potential safety concerns after Food and Drug Administration (FDA) investigators found insanitary conditions. In a new announcement, the company said product details on two of the brands sold at outlets including Rite Aid have been corrected. The two drops and the changes are: Lubricant Gel Drops, 15 ml., Carboxymethylcellulose Sodium Ey…
Police & Fire
Henry Del-Rio Charged In 2015 Killing Of Ashlee Berryman
A 27-year-old man has been charged with the 2015 fatal shooting of a 21-year-old woman outside of a nightclub in Everett, authorities announced on Friday, Jan. 12. Henry “J.R.” Del-Rio is charged with assault and battery with a dangerous Weapon (firearm), attempted assault and battery with a dangerous weapon (firearm), possession of a firearm during the commission of a felony, and carrying a firearm subsequent offense, the Middlesex District Attorney said. Del-Rio is accused of shooting Ashlee Berryman, the mother of a then 3-year-old boy, outside Braza Grille nightclub in …
Business
Massive New Nationwide Recall Issued For 27 Eye Drop Products Due To 'Insanitary Conditions'
A new nationwide recall has been issued for 27 eye drop products. The drops, distributed to wholesalers and retailers by Velocity Pharma LLC, are being recalled due to potential safety concerns after Food and Drug Administration (FDA) investigators found insanitary conditions. All lots subject to the recall have expiration dates ranging from November 2023 to September 2025. For a table listing all 27 brands involved, click this link from the FDA. A risk statement accompanying the recall says: "For those patients who use these products, there is a potential risk of eye infections or…
Business
Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown
Three new products have been added to a recall of more than two dozen over-the-counter eye drops because of the risk of eye infections that may lead to vision loss or blindness. The now 29 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. The list the US Food and Drug Administration (FDA) provided late last month five Cardinal Health, Inc. p…
Business
'Pharmageddon': CVS, Walgreens Protests Spread As Workers Seek Better Conditions
Around a thousand pharmacy workers across the country have walked off the job as part of a strike to protest conditions. The so-called "Pharmageddon" series of walkouts at pharmacy chains including CVS and Walgreens stores started Monday, Oct. 30, and is expected to continue at least through the middle of the week. Around 900 people from about 10 states could participate, organizers of the ongoing protest told NBC News. A growing workload and understaffing are the main reasons for the protest, organizers say, noting that the pharmacy workers are not unionized. In a statement to KDKA in Pi…
Business
Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA
Consumers should stop using more than two dozen over-the-counter eye drop products because of the risk of eye infections that may lead to vision loss or blindness. Click here for a new, updated story - Massive Eye Drop Recall Expands: 3 New Products Added As List Hits 29; Here's New Rundown The 26 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. For the comp…
Business
Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy
Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing. Some of those closures will be in Massachusetts and Connecticut. Related: Why Is Rite Aid Filing For Bankruptcy? Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing for Chapter 11 bankruptcy. The chain has more than 2,100 stores nationwide, and reducing rent costs will play a large part in bringing its balance sheet back into the black. The only store in Massachusetts…
Business
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings. The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders. "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…
Business
Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…
Business
CVS, Rite Aid To Limit Purchases Of Emergency Contraception
Some of the nation’s largest drug store chains will be limiting the purchases of emergency contraception amid a rise in demand following the Supreme Court’s decision to overturn Roe v. Wade. Both CVS and Rite Aid announced that they will be limiting purchases of Plan B contraceptive pills and After “to ensure equitable access and consistent supply on store shelves,” according to an email obtained by CNN. Moving forward, sales of emergency contraception pills may be limited to three per customer, according to the report. Officials noted that the drug stores "have an ample supply” of the co…
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