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Increased drug sales may yield overall economy's comeback
WHAT IT MEANS AND WHY IT'S IMPORTANT The uptick in prescription drug sales growth may or may not be yet another indicator of improvement in the U.S. economy, but it is, without a doubt, indicative of a return to growth for the prescription drug market and, by extension, an indicator of growth among retail pharmacies.
(THE NEWS: U.S. drug sales saw growth in 2009, IMS Health says. For the full story, click here)
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Don't write off Rite Aid just yet
WHAT IT MEANS AND WHY IT’S IMPORTANT These days Rite Aid comes with the image of a pugilist sprinting up the 72 steps before the Philadelphia Museum of Art with both arms raised high. Because if Rite Aid were a movie, right now it’d be in the midst of its own montage.
(THE NEWS: Rite Aid suffers losses, expects flat performance in fiscal 2011. For the full story, click here)