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72°
Thursday, jun 4
Tag:
Pharmacy
News
Most Common Medications Used By US Adults Revealed In New Study
Many Americans reach for medicine far more often than they may realize, according to a new national survey that highlights just how common weekly medication use has become. A study published in JAMA Network Open found that 62.3 percent of US adults reported taking at least one over-the-counter or prescription medication in the past seven days. That amounts to well over 100 million people. Researchers also found that medication use can quickly add up. One in six adults reported taking five or more medications in the past week, while 3.3 percent said they took 10 or more. The study was based…
News
FDA Limits Access To New
Covid-
19 Vaccines: Here's What To Know
As fall approaches, the Food and Drug Administration has authorized updated COVID-19 vaccines from both Pfizer-BioNTech and Moderna, but with access limited to those most at risk for severe illness. On Wednesday, Aug. 27, the FDA approved the 2025-2026 formulas from both companies, each tailored to target the LP.8.1 sublineage — a new offshoot of the JN.1 Omicron variant — aligning the vaccines with the strains currently circulating in the US. Pfizer-BioNTech’s COMIRNATY LP.8.1 is approved for adults 65 and older, as well as individuals ages 5 to 64 with at least one underlying health…
Business
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
Rite Aid will shut down more than 100 additional stores nationwide as the struggling pharmacy chain moves deeper into bankruptcy. The closings were disclosed in a recent bankruptcy court filing, less than a month after Rite Aid filed for Chapter 11 on Monday, May 5. The Philadelphia-based chain is working to sell off its pharmacies, inventory, and other assets to several potential buyers. Rite Aid said it has secured $1.94 billion in new financing to keep locations open during the bankruptcy process. Pharmacy services and immunizations will continue in-store and online. The lates…
Business
Rite Aid Files For Bankruptcy As Pharmacies Struggle: What It Means For Your Prescriptions
Rite Aid has declared bankruptcy for the second time in less than two years, as part of a plan to sell off its pharmacies, inventory, and other assets. The Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy on Monday, May 5. Rite Aid has entered talks with several potential national and regional buyers. The company said it has secured $1.94 billion in new financing to keep most stores open during the process. Pharmacy services and immunizations will remain available in-store and online. In October 2023, Rite Aid previously filed for bankruptcy …
Business
CVS To Open Pharmacy-Only Locations Amid Store Closings, Corporate Layoffs
CVS is rolling out a new wave of smaller-format pharmacies in select communities nationwide as it tries to adapt to changes in the retail world. CVS plans to open at least a dozen of these compact pharmacies nationwide in 2025, a spokesperson confirmed to Daily Voice on Monday, Mar. 10. The pharmacy-only locations aim to improve access to medications, immunizations, and pharmacist-provided health care services. Each location will average less than 5,000 square feet, with a full-service pharmacy and a limited selection of over-the-counter products tailored to a community. "By taki…
Business
Walgreens Knowingly Filled Millions Of Prescriptions Lacking Legit Medical Purpose, DOJ Says
The Justice Department has filed a nationwide lawsuit against Walgreens, alleging the pharmacy chain filled millions of prescriptions without legitimate medical purposes, particularly involving dangerous opioid combinations, over more than a decade. Filed in the US District Court for the Northern District of Illinois, the civil complaint contends Walgreens violated the Controlled Substances Act (CSA) and False Claims Act (FCA) by dispensing prescriptions despite clear red flags and seeking federal reimbursements for these drugs. “This lawsuit seeks to hold Walgreens accountable for the many…
Business
Cybersecurity Issues Hits Stop & Shop, Hannaford Supermarkets
A cybersecurity “issue” has led the parent company of a supermarket chain to disconnect some systems to protect them. Ahold Delhaize USA said it recently detected a cybersecurity issue within its US network. "Immediately upon detecting the issue, our security teams began an investigation with the assistance of external cybersecurity experts," the company said. "We also notified law enforcement." The move affects: Stop & Shop, which has around 400 locations in New England, New York, and New Jersey; Hannaford, with stores in eastern upstate New York and New England; Giant Company, with…
Business
CVS To Lay Off Nearly 3K Workers
CVS announced it will lay off nearly 3,000 workers as part of a cost-cutting move aimed at saving $2 billion. These approximately 2,900 layoffs, primarily in corporate roles in the company's CVS Health division, represent less than 1 percent of the company's workforce, CVS said. "The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers,” a CVS spokesperson told CNN. The move comes a day after CVS management met with major shareholder Glenview Capital to discuss the company’s deficits and its dipping stock price, according to CNBC. Founded in…
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