PHARMACY

IPC names its 2016 Most Valuable Pharmacy award winner

BY David Salazar
SUN PRAIRIE, Wis. — The Independent Pharmacy Cooperative has named its 2016 Most Valuable Pharmacy (MVP). Seminole, Texas-based Oswalt Pharmacy and its owner Gary Dugger were recognized at the IPC Annual Business Meeting last week in Chicago at McKesson ideaShare 2016
 
“Oswalt Pharmacy, and its owner Gary Dugger, is an extremely deserving choice as IPC’s MVP for 2016,” IPC President and CEO Don Anderson said. “This is a pharmacy that is tremendously active within the cooperative, as well as in its local, state and national organizations, and is dedicated to serving the community of Seminole.”
 
The MVP award is given by IPC to recognize a pharmacy in the cooperative that is engaged and uses a vast array of its programs and contracts. Before ideaShare 2016, Dugger and his staff were presented the award by IPC director of sales operations Mindy Herrmann at a surprise ceremony. 
 
“We are truly blessed to be named IPC’s Most Valuable Pharmacy for 2016,” Dugger said. “At Oswalt Pharmacy we strive to increase the level of pharmacy practice and grow our list of services to better take care of the people of Seminole. In recent years we’ve successfully implemented synchronization and adherence programs to raise our quality measurements, and I hope to expand our LTC and compounding businesses in the near future. Thanks again for recognizing our efforts IPC!”
 
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C.ROBINSON says:
Jul-06-2016 01:16 pm

Congratulations Gary from everyone at RxCherryPick for winning such a prestigious award. You've always been #1 in our book ! Best Regards Craig RxCherryPick

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Benzer Pharmacy rolls out RxTakeBack kiosks at 2 locations

BY David Salazar
TAMPA, Fla. — Benzer Pharmacy on Tuesday announced a new service that it is offering at two locations. Using PharmaLink’s RxTakeBack program, Benzer has made it possible for patients to dispose of unwanted or expired prescription and OTC drugs, including controlled substances, at one Tampa and one Pompano Beach, Fla. Location. Each store features a kiosk for drug disposal. 
 
“With the RxTakeBack kiosks, we can now mitigate prescription drug abuse, ensure there is zero percent landfill waste, and eliminate groundwater contamination,” Benzer Pharmacy clinical coordinator Wendy Cavanaugh said.
 
Last year, Benzer introduced its Dispose My Meds prescription drug take-back program in partnership with the National Community Pharmacists Association, but patients could not use it for controlled substances. 
 
“Benzer Pharmacy welcomes everyone in the community to come and talk to our pharmacists about their prescriptions and how to store, use and dispose of them properly,” Cavanaugh said. 
 
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Jean Coutu sees generics slow Q1 Rx retail sales growth

BY DSN STAFF
VARENNES, Quebec — Canada’s Jean Coutu group on Tuesday released the sales and earnings figures from its FY2017 first quarter, which ended May 28. For the quarter, the company saw revenues of $723.6 million — a 1.6% rise over the same quarter last year. The company attributes its sales growth to overall market growth and the expansion of its franchised store network. 
 
“During the first quarter, network retail sales showed an increase despite a very competitive environment and a difficult regulatory context, which demonstrates the effectiveness of our strategies and the strength of our brand,” Jean Coutu group president and CEO François J. Coutu said. “We will continue to make every effort required to reach our objectives and remain a leader in our sector.”
 
Some factors that held back Q1 revenues were an increase in volume in generic drugs and lower prices for generic drugs. The price reductions and new generic introductions reduced the company’s pharmacy  retail sales by 0.4% collectively. Total store prescription growth was 4% and same-store growth hit 3.8% in Q1, while pharmacy retail sales only grew 0.8%. 
 
Besides market pressure, Jean Coutu group attribute a 1.3% reduced growth in pharmacy sales to deductions agreed upon by Quebec’s leading pharmacists organization and its department of social services. 
 

The company’s Pro Doc generics manufacturing arm saw gross sales of $51.5 million for the quarter, up from $50.3 million for the same period last year, contributing $21.3 million to the company’s consolidated operating income before amortization — contributing about 41.4% as a percentage of gross sales. The company’s total OIBA decreased by $6 million to $77 million in the quarter. 

The company posted a net profit of $49 million, or $0.27 per share. 
 

 

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