Wal-Mart to Offer $4 Generic Prescriptions
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The pilot program appeared to mark the first time that Wal-Mart has used its unrivaled influence in the U.S. economy to lower health care costs.
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Wal-Mart Stores Inc. WMT.N, fresh   from cutting the prices on generic prescription drugs, is now   taking on the packaging industry.
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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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The retailer will sell a month's supply of 300 generic pharmaceuticals for just $4 to both employees and consumers, including those who do not have health insurance
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Wal-Mart, the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.
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Two months into Wal-MartÂs drug program, it is unclear whether offering $4 generic drugs is drawing new customers into the companyÂs stores.
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The Target Corporation expanded its $4 generic drug program to all of its pharmacies Monday, moving beyond states where it was matching a plan offered by its rival, Wal-Mart Stores.
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TAMPA, Fla  - 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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Wal-Mart Stores Inc., faced with   accusations it provides inadequate health care for more than a   million U.S. employees, plans to announce a major health care   initiative on Thursday.
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Pharmaceutical companies launched an effort yesterday to provide significant price discounts for 275 brand-name drugs to 36 million Americans who lack prescription drug coverage.
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A generic version of Pfizer Inc.'s  PFE.N $3 billion epilepsy treatment Neurontin is set to hit  the U.S. market after Alpharma Inc. ALO.N said on Friday it  will sell the cheaper version.
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Target Corp. TGT.N said on   Thursday that it would match Wal-Mart Stores Inc's WMT.N new   program and lower prices on generic drugs in its stores in the   Tampa Bay, Florida area.
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Wal-Mart Stores will make its $4 generic prescription plan available in 11 more states, expanding the program to all of its 3,810 pharmacies nationwide.
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Wal-Mart Stores Inc said on Thursday that it will open co-branded in-store medical clinics in its stores that will be called "The Clinic at Wal-Mart."
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Wal-Mart is adding $4 generic drugs to its health insurance plans and offering lower premiums and deductibles, the third consecutive year of changes to the employee health benefits that unions have criticized.
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Analysts said the venture would create a drug benefit manager that could take on retail leader Wal-Mart
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On its face, the expansion yesterday of Wal-Mart's generic drug program seemed only incremental. The company added seven new compounds to the list of drugs it sells for $4.