Financial Times FT.com

Wal-Mart unveils generic drug plan

By Jonathan Birchall in New York

Published: May 5 2008 17:52 | Last updated: May 5 2008 17:52

Wal-Mart, the largest US retailer, on Monday ann­ounced a further move to cut the costs of generic prescription drugs, as part of an effort to use its market power to reshape the US pharmacy business.

The retailer said it would expand a $4 discount drug programme launched in September 2006 to offer 90-day prescriptions for $10, and would start offering 30-day supplies of over-the-counter generic and branded drugs at its $4 discount price.

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