July 3, 2016 |
Some consumers who use health insurance copays to buy prescription drugs are paying far more than they should be and would be better off paying with cash, especially for generics. The added cost runs as high as $30 or more a prescription, say pharmacists, and the profit is largely being pocketed by middlemen who collect the added money from local pharmacies. Cash prices started to dip below copays a decade ago when several big box stores started offering dozens of generics for as little as $4 a prescription.
June 10, 2016 |
A Chicago private-equity firm has bought the majority of Wedgewood Pharmacy, a Swedesboro company that makes customized medications for humans and pets. The price paid by New Harbor Capital was not disclosed. Wedgewood, founded in 1980 as a community pharmacy, employed 260 last fall, an article in New Jersey Business said. An IBISWorld report from January 2015 said Wedgewood was one of the largest companies in the highly fragmented compounding pharmacy industry. IBISWorld estimated Wedgewood's market share at 1.5 percent of the $5.6 billion industry.
November 4, 2015 |
Hatboro-based Philidor RX Services, LLC, the mail-order specialty pharmacy involved in the controversy with Valeant Pharmaceuticals, said Monday evening that it would cease operations in 30 to 90 days. Philidor, which was founded in 2013, also had a location in Horsham and Phoenix, Ariz. In a Facebook video, Philidor CEO Andrew Davenport told Pennsylvania State Sen. Stewart Greenleaf that the company had about 430 employees in Pennsylvania and about 200 elsewhere in country. A Philidor spokesperson said Davenport told employees in a letter Monday that Valeant's decision to end the corporate relationship meant Philidor could not continue to operate.
October 9, 2015 |
WITH LESS than three months remaining in office, Mayor Nutter yesterday unveiled what is, perhaps, one of his boldest moves: legislation to ban the sale of tobacco products from any place where health-care services are provided and where pharmaceutical drugs are sold. That would include drug stores and grocery stores with pharmacies. The legislation, introduced on behalf of Nutter's administration by retiring Councilwoman Marian Tasco during City Council's weekly meeting, also would ban the sale of electronic smoking devices and unapproved nicotine delivery products.
October 2, 2015 |
For more than a year, a team of burglars has been breaking into pharmacies and ATMs across the city, making off with large amounts of cash and prescription drugs, Philadelphia police say. Now, the department is asking for the public's help in catching the men who have been implicated in seven burglaries and an attempted burglary so far - targeting four pharmacies and four ATMs since March 2014. Police say the burglary team is made up of three to four men who have struck all over the city - in Kensington, Overbrook Park, Fern Rock, Eastwick, University City, Manayunk, and the Far Northeast.
August 23, 2015 |
CAPE MAY COURT HOUSE - Luke Feltmann, 7, was having a good week. There the Bergen County boy was, staying at a rental house in Avalon with his extended family, playing with his cousins, splashing in the pool and surf. On top of all that, he cashed in big time with the Tooth Fairy - seven bucks. But then he fell into the dreaded Owie Zone: He awoke in the middle of the night with an earache, a long way from his home doctor. What to do? His mother, Laurie, got on Google. The next morning, Luke and his parents were at Cape Regional Urgent Care in Cape May Court House, being seen by a friendly doctor even though Luke still looked miserable.
August 9, 2015 |
Under chief executive Steve Collis, AmerisourceBergen has tried to broaden its business beyond that of an anonymous but huge pharmaceutical wholesaler. That manifested itself in a $250,000 donation to build a pharmacy that opens Saturday at Project HOME's Stephen Klein Wellness Center in North Philadelphia. Project HOME's mission is to break the cycle of poverty afflicting many people in the city, and affordable health care is one element of that. "Our new pharmacy, made possible through the AmerisourceBergen Foundation, is key in our effort to provide quality health care and wellness for the second-poorest zip code in Philadelphia," Sister Mary Scullion, executive director of Project HOME, said in a statement.
April 30, 2015 |
BALTIMORE - Ron Leonard stood a few paces from a ransacked and charred pharmacy Tuesday and gazed at the crowded corner of North and Pennsylvania Avenues. Leonard had witnessed the Monday night violence that made this intersection the epicenter of the city's riots. The looting and torching of cars was fresh out of an action movie, he said. The crowds returned Tuesday - as did the police - but the mood was different this time. There was singing, dancing, preaching - and a cleanup effort.
January 12, 2015 |
Approaching Micah and Aimee Hanson's home in Olde Richmond is like stepping back into the late 19th century, when there were stores on many a Philadelphia street corner. Their house, located in a tiny pocket of Kensington, near Fishtown, is a former pharmacy. Two sparkling storefront windows meet over three small stone steps, forming a sort of a "V. " The tidy brick structure was built in 1892, with living quarters upstairs. It was a gift shop and residence for 25 years before the couple, their two children, and the family cat made it their home and an architectural office for Micah Hanson.
October 29, 2014 |
A NEW TOBACCO-FREE pharmacy network is encouraging city employees to put the pack down. The initiative, called The Preferred Health Network, urges city employees not covered by union-based health benefits to get their medication at pharmacies that don't sell tobacco products. If the employees choose not to, they'll be charged $15 on top of their co-pays. In addition, any employee or employee spouse who has used tobacco in the last year will see a $500 annual increase in their health-care costs.