HHS Ends Biden Regulation Requiring Pharmacies to Provide Abortion Medications
HHS Repeals Abortion Pill Dispensing Requirement for Pharmacies The Department of Health and Human Services (HHS) has repealed a rule from the Biden administration that mandated pharmacies to provide abortion pills. This requirement was initially enforced during President Biden’s tenure, when around 60,000 retail pharmacies were notified they needed to dispense abortion pills to patients […]
Costco Will Not Offer Abortion Pills in Its Pharmacies Across the U.S.
Costco Will Not Sell Abortion Pill Mifepristone Costco has announced it won’t be selling the abortion pill mifepristone at its U.S. pharmacies, citing a “lack of demand.” The company commented that its decision is primarily based on feedback from members and patients. This decision follows pressure from conservative and religious groups. However, Costco did not […]
Costco will not offer abortion pills in its pharmacies.
Costco Wholesale Corporation has decided not to carry the abortion drug mifepristone at its pharmacies. The company hasn’t provided a detailed explanation for this choice, but it indicated to sources like Reuters that the move is partly due to low demand, as most patients obtain medications from healthcare providers. This decision has garnered positive reactions […]
Many pharmacies are about to shut down: What this might mean for you
(Nexstar) – A number of retail pharmacies have closed various locations this year, leading to the creation of what some are referring to as “drug deserts.” This situation means that residents may find themselves without access to pharmacies or essential services for quite a distance. In areas where other pharmacies are trying to fill the […]
Rite Aid transfers 1,000 pharmacies to CVS and Walgreens following its second bankruptcy filing
Rite Aid Sells Pharmacy Services Nationwide Rite Aid has made a significant move by selling pharmacy services at over 1,000 locations across the country to competing chains. This includes major players like Albertsons, Kroger, and Giant Eagle, who have acquired several struggling stores after these drugstore chains filed for bankruptcy. Rite Aid’s CEO, Matt Schroeder, […]
CVS is opening smaller drugstores that only have pharmacies
CVS said it will open a drugstore with dozens and more than a dozen people with only pharmacies as it is in a hurry to stay competitive against rivals such as Target, Amazon, Walgreens and Rite Aid. Small stores, on average under 5,000 square feet, have full-service pharmacies with limited over-the-counter products for purchase. “New […]
Bill Seeks To Lower Drug Costs By Breaking Up Pharmacy-Benefit Management And Pharmacies
A bipartisan group of lawmakers announced Wednesday that it aims to reduce drug costs by banning joint ownership of pharmacies with pharmacy and benefit managers (PBMs). of invoiceThe bill, called the Exclusive Pre-Patient Act, is sponsored by Democratic Massachusetts Sen. Elizabeth Warren and Republican Missouri Sen. Josh Hawley. Warren said PBMs negotiate drug prices between […]
Novo Nordisk asks FDA to block compounding pharmacies from making Ozempic copycats
Novo Nordisk has asked the Food and Drug Administration (FDA) to block compounding pharmacies from selling proprietary versions of its popular weight loss drug Wigoby and diabetes drug Ozempic, saying the drugs are too complex for pharmacies to manufacture safely. We are asking them to stop their production. Compounded anti-obesity drugs are sold at significantly […]
CVS workers at seven pharmacies in California strike
Employees at seven CVS pharmacies in Southern California went on strike last week demanding better pay and health care. It's the latest sign of turmoil for the company, whose CEO recently resigned amid store closures and a plunge in stock price. Employees at four stores in Los Angeles and three others in Orange County walked […]
Why neighborhood pharmacies are closing in droves
The recent closures of CVS, Rite Aid, and Walgreens across the United States did not surprise industry experts, who expect more closures as the industry adjusts and rightsize. “We've been watching this car crash in slow motion for years,” George Hill, managing director and senior equity research analyst at Deutsche Bank, told FOX Business. In […]