PHARMACY

Spartan shifts focus to pharmacy promotions

BY Michael Johnsen

GRAND RAPIDS, Mich. Spartan Stores, which recently announced the acquisition of VG’s 15 supermarkets and pharmacies in the new-to-Spartan East Michigan market, promised last week the chain would focus on pharmacy promotions in the coming months. “We think there’s something to the whole health piece that we haven’t totally mined—and health and pharmacy I think is another area where you can expect to see us do even more in the coming months,” Dennis Eidson, Spartan Stores president and chief operating officers, told analysts during a call last week.

In addition to focusing on health, Spartan also plans to do more with fuel promotions, Eidson said, especially across it newly acquired stores, which do not currently field fuel centers. “I think you might see us doing a little bit more as it relates to fuel … because we feel like we are really getting some traction there,” he said.

“I want to express my enthusiasm for our recently announced pending acquisition of VG’s food and pharmacy operations,” Eidson said. “I am enthused because this acquisition provides us with a foothold in eastern Michigan, a market where we have no retail presence, and gives us an excellent growth platform in that marketplace.”

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GlaxoSmithKlines acquires Bristol-Myers Squibb’s Egyptian mature products business

BY Alaric DeArment

LONDON GlaxoSmithKline has acquired the Egyptian mature products business of Bristol-Myers Squibb, the British drug maker announced Wednesday.

GSK said the acquisition, worth $210 million, is a move to accelerate sales growth and further extend its pharmaceutical portfolio in emerging markets.

“This acquisition is an important step forward in GSK’s strategy to accelerate sales growth in emerging markets,” GSK president for emerging markets Abbas Hussain said in a statement. “It will enable us to build and diversify our existing branded pharmaceuticals portfolio and signals our strong commitment to provide quality medicines to patients in Egypt and other countries in the Middle East and North Africa regions.”

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‘Face the Nation’ anchor Schieffer to headline NACDS Foundation event

BY Jim Frederick

ALEXANDRIA, Va. The National Association of Chain Drug Stores Foundation revealed today that the keynote speaker at the 2008 annual NACDS Foundation Dinner will be Bob Schieffer, anchor of the CBS News’ Sunday public affairs broadcast “Face the Nation.” Schieffer, who also serves as CBS News chief Washington correspondent, will address attendees Dec. 2 at the Sheraton New York Hotel and Towers in New York City.

NACDS’ announcement is a timely one. Schieffer, one of the few broadcast or print journalists to have covered all four major beats in the nation’s capital—the White House, the Pentagon, the State Department and Capitol Hill, moderated the third and final Presidential debate this week.

“Bob Schieffer demonstrated as moderator of this week’s presidential debate that he asks the questions on the minds of Americans relating to political and national affairs in each of his broadcasts,” said Phil Schneider, NACDS Foundation president. “His conversational style enables him to delve into his stories and share a comprehensive look at the issues facing the country.  The NACDS Foundation is delighted to have Mr. Schieffer as the keynote speaker at the 10th annual Foundation dinner this year.”

For more information or to register for the Foundation dinner, please visit www.nacdsfoundation.org.

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