Dive Summary:
- Four years after regulations were changed to allow pharmacists to administer flu shots, major drug retailers like Walgreens and CVS are beginning to see the sales benefits.
- With a 6% increase in sales, Walgreens marked its first increase in year-over-year sales since August 2011.
- Due to the success of the flu shot, pharmacies want to be allowed to administer additional vaccinations and further increase sales.
From the article:
"...Less than four years after Walgreen (WAG) and rival drugstores like CVS/Caremark Corp. (CVS) began a lobbying blitz with state regulators to allow pharmacists to administer seasonal influenza shots, pharmacies are beginning to see benefits of the strategy in their bottom lines..."
