WALGREENS PHARMACY SALES UP 27% IN FIRST QUARTER; 100 STORE OPENINGS PLANNED
Walgreens' first-quarter pharmacy sales increased 27%, the chain reported for the three months ended Nov. 30. "Monthly prescription sales topped $ 100 mil. for the first time in our history in October," President Fred Canning said. The chain's total volume rose 16% during the quarter to $ 1.1 bil., while profits jumped 42% to $ 19 mil. Walgreens added that new drugstore openings should reach 100 in the current fiscal year. Chart omitted.
You may also be interested in...
Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011
FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials
Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth