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Fuller departing NACDS?

This article was originally published in The Tan Sheet

Executive Summary

The Board of the National Association of Chain Drug Stores is discussing the possible departure of CEO Craig Fuller, the association states March 14. Fuller has met with the Board and Chairman Anthony Civello (Kerr Drug) to discuss the matter and has offered to tender his resignation, but no decision has been made, NACDS says. However, the board did indicate it was moving in a different direction, the association said. The drug store space finds itself under pressure from reduced pharmacy reimbursement under the Medicaid program and the potential of an FDA-mandated electronic pedigree system for tracking drugs. The upper limit for reimbursement of multiple source drugs under Medicaid was modified in the Deficit Reduction Act (S 1932), which was largely considered a setback for pharmacy. Fuller had been cautiously optimistic that the bill's passage could be blocked, but it narrowly passed Congress with Vice President Cheney casting a tie-breaking vote. Fuller has worked in the White House under Presidents Reagan and Bush...

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