Wal-Mart cuts generic drug prices to $4 in Florida
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Wal-Mart Stores Inc. on Thursday said  it would slash prices on nearly 300 generic prescription drugs  to $4 starting in the Tampa, Florida, area and plans to expand  the plan to all of Florida in January.
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Wal-Mart Stores Inc. (WMT), the No. 1 US retailer, on Tuesday signaled it will cut prices in the weeks before Christmas after a strategy against deep discounts backfired on the first weekend of the holiday shopping season.
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Wal-Mart is expected to announce that it will test a program to sell generic prescription drugs at sharply reduced prices, according to a published report Thursday.
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TAMPA, Florida  - Wal-Mart Stores Inc., the   world's largest retailer, said on Thursday it would cut the   prices of nearly 300 generic drugs to $4 per prescription   starting in the retirement haven of Tampa, Florida.
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FRIDAY, Sept. 22 (HealthDay News) -- Wal-Mart's announcement that it will begin selling almost 300 generic prescription drugs for as little as $4 for a 30-day supply will undoubtedly benefit many Americans, health industry experts say.
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Wal-Mart announced Thursday that it is accelerating its $4 generic prescription program statewide in Florida nearly four months earlier than expected.
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Wal-Mart is reducing the price of its online program.
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U.S. stocks edged lower on Thursday,   dragged down by drug store shares after Wal-Mart Stores Inc.   WMT.N announced it was slashing prices of generic drugs in   Florida.
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Wal-Mart said it would add about seven new compounds, including generic versions of the heart medication Coreg and the anti-fungal drug Lamisil, to the $4 program.
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TAMPA, Florida  - Wal-Mart Stores Inc. WMT.N   said on Thursday it would slash prices on nearly 300 generic   prescription drugs to $4 in the Tampa, Florida, area and expand   the plan across Florida and other states next year.
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The U.S. government declined on  Thursday to allow a nonprofit company to sell cheaper, generic  versions of a blockbuster Pfizer Inc. drug for treating  glaucoma.
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TAMPA, Fla  - Wal-Mart Stores Inc. WMT.N, the   world's largest retailer, said on Thursday it would cut the   prices of nearly 300 generic drugs to $4 per prescription   starting in the retirement haven of Tampa, Florida.
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Wal-Mart said it would add about six new compounds, including generic versions of the heart medication Coreg and the anti-fungal drug Lamisil, to the $4 program.
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Alpharma Inc. ALO.N on Friday began  selling a cheaper generic version of Pfizer Inc.'s PFE.N  epilepsy drug Neurontin without waiting for a court ruling on  Pfizer's request to block the copycat medicine.
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Target Corp. expanded its $4 generic drug program to all of its US pharmacies yesterday, moving beyond states where it was matching a plan offered by rival Wal-Mart.
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Wal-Mart Stores Inc  on Tuesday announced adjustments to its health care plan which it said will save 1.3 million full and part-time U.S. workers about $25 million on generic prescription drugs next year.
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Wal-Mart Stores Inc  said on Thursday that it is cutting prices on 15,000 more items this week as the world's largest retailer continues its push to boost sales headed into the holiday season.