Boston, MA 02/26/2014 (wallstreetpr) – Rite Aid Corporation (NYSE:RAD) managed to attain 2.6 percent growth, sending the share of the company up to $6.70 by bell time Tuesday. That followed announcement that RAD had inked a new distribution deal for its generic drugs with long-time partner McKesson Corp. (NYSE:MCK). The newly announced deal reflects a multiyear expanded distribution contract. Thus, MCK which is a healthcare services and IT company will assume the responsibility of distribution of generic drugs for RAD. That is part of the so-called One Stop Generics program. Perhaps investors need also be reminded of the store-within-store deal between RAD and GNC Holdings (NYSE:GNC). Through this in-store-stores agreement, RAD has been able to significant expand, adding more than 2,200 stores since around 1999. However, in order to compete effectively against industry giants like Walgreen Co. (NYSE:WAG) and CVS Caremark Corp. (NYSE:CVS), Rite Aid Corporation (NYSE:RAD) has been closing some store locations for the sake of improving profitability in the face of weak sales.
Pfizer Inc. (NYSE:PFE) is excited with its pneumonia vaccine trial in adults. The company is seeking to downgraded the threat of pneumonia in adults aged 65 and above. And towards its objective, PFE announced that its vaccine trial was able to attain both primary and secondary goals as it intended. Prevenar 13 is intended for vaccine solution for bacterial pneumonia immunization. A statement from PFE New York announcing the latest breakthrough said that pneumonia was a significant cause of death and even illness in adults all around the world and the potential to reduce its burden was a meaningful health benefit for the public. It is worth noting that the details about the latest trial results on the pneumonia vaccine medicine being fronted by Pfizer Inc. (NYSE:PFE) would be present at the 9th edition of International Symposium in India on March 12.
Ford Motor Company (NYSE:F) which has announced it would be building its new version of trucks using aluminum provided by Alcoa Inc. (NYSE:AA), has just unveiled its latest Focus car. The Ford 2015 Focus was unveiled at the Mobile World Congress and it features interesting exterior and interior tweaks, just the kind of things you’ve come to expect from Ford these days. The boasts tiny 3-cylinder engine that is already getting rave reviews. The latest Focus car is an interruption to the story around trucks that have got people talking how the new aluminum bodied machines would be different from their steel brothers. Ford Motor Company (NYSE:F) considers Focus one of its best-selling models.
