Wal-Mart Accelerates Generic Plan

The company will roll out its $4 drug pricing in Florida on Friday, four months earlier than expected.
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Wal-Mart

(WMT) - Get Report

plans to roll out its $4 generic-drug plan to all of Florida on Friday -- four months earlier than expected.

The retail behemoth said it accelerated the move, originally scheduled for January 2007, following customer demand and requests from Florida state officials.

The program, which began in the Tampa Bay market two weeks ago, also has been expanded to include 314 generic prescriptions for up to a 30-day supply. Previously, 291 medications were covered.

Wal-Mart's announcement last month that it would sell low-priced generics to all customers slammed the stocks of rival pharmacy chains. Recently, shares of

CVS

(CVS) - Get Report

were down 64 cents, or 2%, to $31.51, and shares of

Walgreen

(WAG)

fell 96 cents, or 2.1%, to $43.92.