Pharmacy

Following an operational review, Waltham, Mass.-based biotech ImmunoGen will lay off 220 employees and suspend some research and development activities.

Despite reporting an increase in U.S. retail and prescription drug sales, Walgreens' profit fell in the third quarter of 2019, The Wall Street Journal reports.

To prevent drug diversion, prescription forgery and "physician shopping" while also improving patient safety and physician satisfaction, hospitals are implementing electronic prescriptions for controlled substances (EPCS) solutions.

Seeking to reduce costs, retail giant Walmart plans to eliminate some jobs in its U.S. pharmacy business, Bloomberg reports. 

UPMC has acquired Duquesne University's community pharmacy in Pittsburgh, according to the online news site Trib Live. 

Consumers who have felt too nervous to seek out a physician or pharmacist for naloxone can now purchase the lifesaving drug online.

The FDA has updated its list of off-patent drugs that don't have generic competitors. 

Five drug categories, including shortages of controlled substances, have affected hospitals the most in terms of cost and reallocation of resources, according to a new survey from Vizient.

Patent tactics preventing biosimilars from entering the market have cost the U.S. healthcare system $7.6 billion since 2015, according to a new whitepaper published by the Association for Accessible Medication's Biosimilars Council. 

Drug shortages are costing U.S. hospitals at least $359 million a year on labor costs alone, a new study from Vizient suggests.