Wal-Mart Stores Inc. (WMT) Expands Drug Plan to Hawaii
Wal-Mart Stores Inc., the world's largest retailer, introduces a discount drug program in Hawaii this week, completing a nationwide rollout.
The program, launched in Florida in September and originally not scheduled for expansion elsewhere until next year, offers up to 30-day supplies of many generic prescriptions for $4.
The expansion of the program Tuesday to Hawaii and 10 other states will put the service into all 3,810 Wal-Mart (NYSE: WMT - News) pharmacies in 49 states.
It also expands the list of medicines offered to 331 generic presciptions involving as many as 143 compounds in 26 therapeutic categories. The list includes 14 of the top 20 prescribed medicines in the United States.
"We are proud to have introduced competition to an area where it has been too scarce for too long," Wal-Mart CEO Lee Scott said Monday.
Wal-Mart said between Sept. 21 and Nov. 12 it filled 2 million more prescriptions in stores with the program than had been the case in the same period last year. It said more than a fourth of all the prescriptions filled in Wal-Mart stores are covered by the $4 plan.
Published November 27, 2006 by Pacific Business News
The program, launched in Florida in September and originally not scheduled for expansion elsewhere until next year, offers up to 30-day supplies of many generic prescriptions for $4.
The expansion of the program Tuesday to Hawaii and 10 other states will put the service into all 3,810 Wal-Mart (NYSE: WMT - News) pharmacies in 49 states.
It also expands the list of medicines offered to 331 generic presciptions involving as many as 143 compounds in 26 therapeutic categories. The list includes 14 of the top 20 prescribed medicines in the United States.
"We are proud to have introduced competition to an area where it has been too scarce for too long," Wal-Mart CEO Lee Scott said Monday.
Wal-Mart said between Sept. 21 and Nov. 12 it filled 2 million more prescriptions in stores with the program than had been the case in the same period last year. It said more than a fourth of all the prescriptions filled in Wal-Mart stores are covered by the $4 plan.
Published November 27, 2006 by Pacific Business News
Labels: Wal-Mart, Wal-Mart Stores Inc., WMT
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