Morning Briefing
Summaries of health policy coverage from major news organizations
Walgreens, ExpressRX To Buy Bankrupt Fred's Pharmacy Assets For About $16.4M
Discount retailer Fred鈥檚 Inc. has reached two separate deals to sell some of its pharmacy assets, including 10 drugstores and inventory, to Walgreens Boots Alliance Inc. and ExpressRx Co. for a total of about $16.4 million. Walgreens is looking to buy pharmacy inventory from Fred鈥檚 for about $9.4 million, according to a filing Thursday in the U.S. Bankruptcy Court in Wilmington, Del. ExpressRx has agreed to purchase 10 Fred鈥檚 pharmacies for about $7 million. (Al-Muslim, 9/26)
Walmart鈥檚 Sam鈥檚 Club announced a pilot program Thursday in partnership with Seattle-based telehealth startup 98point6 and health-care company Humana to offer affordable health-care services to its members. Early next month, Sam鈥檚 club members in Michigan, Pennsylvania and North Carolina can buy one of four bundles ranging from $50 to $240 annually to access primary care, alternative medicine, optical, and dental services for up to six family members. The program later may expand to members in other states, according to a Sam鈥檚 Club news release. (Hellmann, 9/26)
Sticker prices for drugs ranging from chemotherapy medications to Viagra have soared since 2017 despite state and federal efforts to lower pharmaceutical costs, according to the first public release of historical data required by a recent California drug price transparency law. The data provides the first-ever national pricing snapshot for brand-name and generic drugs that saw significant price spikes, drug experts said. (Hart, 9/26)
For the second time this week, a drug manufacturer has recalled several lots of Ranitidine for too much NDMA, which laboratory tests have classified as a probable cancer-causing ingredient. But unlike Sandoz鈥檚 recall of Ranitidine capsules, Apotex鈥檚 recall of all sizes of 75 mg and 150 mg Ranitidine Hydrochloride Tablets names its retailers: the house brands of Walmart, Walgreens and Rite Aid. (Neal, 9/26)