Walgreens Boots Alliance key sponsor of U.S. pavilion at Expo Milano 2015
DEERFIELD, Ill. — Walgreens Boots Alliance on Wednesday announced it will be a key sponsor of the USA Pavilion at the upcoming world’s fair in Milan, which will take place from May 1 to Oct. 31 2015. Under the theme “Feeding the Planet, Energy for Life”, Expo Milano 2015 will look at how countries generate healthy, safe and sufficient food for everyone in the decades to come, while respecting the planet and its environment.
“Less than four months after the formation of Walgreens Boots Alliance, our sponsorship of the USA Pavilion is a unique opportunity to highlight our commitment to help people lead healthier and happier lives," said Ornella Barra, EVP, president and CEO of global wholesale and international retail for Walgreens Boots Alliance. "In addition, this major event will enable us to showcase the corporate brand of our new enterprise to international audiences and millions of visitors from across Europe, the Americas, Asia and rest of the world.”
The USA Pavilion will showcase American innovation in the food sector and across many other aspects of culture, science and business where the United States has significant expertise. The USA Pavilion, themed “American Food 2.0: United to Feed the Planet,” is designed to showcase America’s role in the future of food around the world and create a global conversation about the challenge of feeding more than nine billion people nutritiously and sustainably by 2050.
“The USA Pavilion at Expo Milano 2015 will show how feeding ourselves engages a massive infrastructure and dynamic systems that touch on just about every aspect of the world we live in," stated Douglas Hickey, commissioner general of the USA Pavilion. "Each step from farm to table reflects a set of connections that impact our identities and shape our future, and we are pleased to partner with Walgreen Boots Alliance as a successful enterprise dedicated to improving people’s lives.”
As well as sponsoring the USA Pavilion, Walgreens Boots Alliance will have a space designated to Walgreens and Boots which will showcase the company’s retail, service and product offerings.
Improved generic sourcing drives Cardinal Health revenues up 18%
DUBLIN, Ohio — Cardinal Health on Thursday posted $25.4 billion in third-quarter revenue, up 18%.
"We're pleased to report strong overall results for the third quarter while continuing to make the moves to lead and create value in today's dynamic healthcare environment," stated George Barrett, chairman and CEO Cardinal Health. "During this past quarter, we announced our plan to acquire Cordis, significantly enhancing our scale, product line and capabilities in the cardiovascular area. This move aligns squarely with our strategy around physician preference items. Further, our recent acquisition of the specialty distribution business of Metro Medical expands our scale in specialty pharma and extends our reach into additional therapeutic areas."
Revenue for the Pharmaceutical segment increased 20% to $22.6 billion due to growth from existing and new customers. Segment profit increased 25% to $567 million, driven by strong performance under the company's generics program, which includes the net benefit of Red Oak Sourcing as well as the growth from existing and new customers.
Rite Aid’s April pharmacy sales bloom
CAMP HILL, Pa. — Rite Aid on Thursday posted a same-store sales increase of 3% for the four weeks ended April 25. April front-end same-store sales, which were negatively impacted by 0.9% due to a shift in the timing of Easter, decreased 0.5%. Pharmacy same-store sales, which included an approximate 145 basis points negative impact from new generic introductions, increased 4.6%.
Prescription count at comparable stores increased 1.8% over the prior-year period.
Total drug store sales for the four-week period increased 2.4% to $2 billion. Prescription sales accounted for 68.9% of drug store sales, and third party prescription sales represented 97.7% of pharmacy sales.
Rite Aid is also performing well year-to-date with a 3.6% lift in same-store sales for the eight weeks ended April 25. Front-end same-store sales increased 1% while pharmacy same-store sales increased 4.9%. Prescription count at comparable stores increased 2.2% over the prior-year period. Rite Aid salers were up 3.2% to $4 billion.
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