Monday, May 5, 2008

Wal-Mart expands low-price drug program; Target follows

Wal-Mart Stores Inc., the world's largest retailer, announced Monday it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women's medications at a discount.

It also said it would lower the price of more than 1,000 over-the-counter drugs. With the expansion, the company began filling prescriptions Monday for up to 350 generic medications at $10 for a 90-day supply at Wal-Mart, Neighborhood Market and Sam's Club pharmacies in the U.S. Almost all the prescription generics in the company's $4 program were included in the expanded $10 offer, said Wal-Mart Senior Vice President John Agwunobi.

In addition, the company will add several women's medications to its list of prescriptions available for $9, including drugs to treat breast cancer and hormone deficiency.

Target Corp. said late Monday it would match the major elements of Wal-Mart's program.

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