walgreens

drag2share: Google Shopping Express intros new mobile app, expands Bay Area service

source: http://www.engadget.com/2013/09/25/google-shopping-express-app-expansion/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget&ncid=rss_semi

DNP Google Shopping Express intros new mobile app, expands Bay Area service

Google began testing its new same-day delivery service, Shopping Express, with a limited trial for San Francisco customers back in March, and it’s apparently proven successful enough for an expansion. Starting today, residents of the greater Bay Area — from San Francisco to San Jose — can streamline their to-do list by having local stores deliver straight to their doors. Included on the list of participating retailers are national giants like Target, Toys R Us, Walgreens, Staples and Whole Foods (just to name a few), though some smaller businesses will also take part. The service is also expanding to mobile phones, as Google is launching a new Shopping Express app for both Android and iOS devices; with it, you can search for items, browse different stores and place orders from your phone. For more information, check out the source link below.


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Wednesday, September 25th, 2013 news No Comments

drag2share: There’s Ridiculous Variation In Prices At Different Walgreens

source: http://feedproxy.google.com/~r/businessinsider/~3/FNEruETvW_4/theres-ridiculous-variation-in-prices-at-different-walgreens-2013-9

walgreens

It’s no secret that stores charge more for their wares in some regions than others.

But a new report found that people in the same neighborhood may pay significantly different prices for the same goods at stores within the same drugstore chain – especially if they’re shopping at Walgreens.

The Huffington Post’s Kim Bhasin reports:

“Consumers in Manhattan shelled out $15.99 for Claritin at a Walgreens on 5th Ave., paying $4.50 more than those who bought the allergy medicine at another Midtown location on 3rd Ave. In the Dallas-Fort Worth area, a Walgreens store on Cockrell Hill Rd. charged $10.49 for CoverGirl lipstick, while another nearby Walgreens sold the same product for just $8.29. And in Anaheim, Calif., Walgreens shoppers found that Neutrogena Face Scrub cost $9.49 on La Palma Ave., though it ran for only $7.99 on Brookhurst St., three miles away.”

What’s with the discrepancy?

Walgreens chalks it up to the price of real estate and labor, which can differ in dense urban areas.


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Thursday, September 5th, 2013 news No Comments

The World’s Largest Blockbuster Drug Just Went Generic — Here Are The Winners And Losers (PFE, WPI, ABC, TEVA, MRK, MYL, CVS, WAG)

Source: http://www.businessinsider.com/the-nations-largest-blockbuster-drug-just-went-generic-2011-11


pfizerap1017

With the expiration of Pfizer’s patent exclusivity on Lipitor, the nation’s top selling drug will go generic and see a market share split that will force manufacturers into a share race.

Lipitor, a cholesterol drug that reduces cholesterol, came to market in 1997 and ultimately peaked with sales of $13 billion. Last year, it contributed $10.7 billion in revenue to Pfizer.

Analysts remain divided over how much market share Pfizer will be able to hold on to. The company is aggressively discounting the drug through a program to entice patients to remain on Lipitor. Over the coming 180 days, Watson Pharmaceuticals and Ranbaxy Laboratories of India will enter the market.

Eight Citi analysts poured over data and see Pfizer retaining 40-50% of market share over the next half year. Delays out of Ranbaxy, which were prompted by U.S. regulatory bans over questionable quality concerns, will aid Pfizer.

But after the 180 days, when another round of pharmaceuticals like Teva and Aurobindo are allowed entry, the cost of Lipitor will drop to “pennies a day,” Citi analyst John Boris writes.

However, most of Lipitor’s decline has already been priced into Pfizer stock over the past year. “We maintain our Pfizer 4Q11E/2012E Lipitor sales/EPS contribution at $930M/$640M,” Boris continues. That represents a Lipitor sales contribution of 14-18% of fourth EPS, before falling to just 2% of earnings in 2012.

The largest to benefit from the change may be drug stores like CVS and Walgreens, which may see an uptick as more patients can afford to take cholesterol medications, even as average drug prices decline.

“In addition, we believe that the drugstores will be able to generate stronger gross profit dollars as the average gross margin for generic drugs is generally 50 to 60%, while the average gross margin for branded drugs is approximately 20%,” Boris says. 

Meanwhile, Pfizer is betting its name on smaller blockbusters in other drug categories to contribute $4 billion in new revenue by 2014 as it re-emerges in a world post-Lipitor.

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Wednesday, November 30th, 2011 news No Comments

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