The Bentonville, Ark., retailer said its $4 generic prescription program will be now be available in an additional 1,264 stores in 14 added states: Alaska, Arizona, Arkansas, Delaware, Illinois, Indiana, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Texas and Vermont.
The program was launched in 235 Florida pharmacies on Oct. 6. Wal-Mart had planned to add more states in 2007. News of Wal-Mart's price cutting sent shares of pharmacy chains tumbling earlier this month.
"Since we began the program in September, we've been committed to bringing it to other states as soon as possible," said CEO Lee Scott. "Customers have told us again and again how valuable the $4 generic prescription program is. So we're thrilled that we can respond in a way that cuts costs out of the system and brings more affordable medicines to our customers. This program is making a real difference in the health of our customers and our communities."
The $4 generics program includes 314 generic prescriptions available for up to a 30-day supply at commonly prescribed dosages. The list of 314 generic prescriptions is made up of as many as 143 compounds in 24 therapeutic categories. Wal-Mart estimates that the list of $4 prescription medications represents nearly 25% of prescriptions that it currently dispenses in its pharmacies nationwide.
Bill Simon, executive vice president of the Professional Services Division for Wal-Mart, said Wal-Mart filled 88,235 new prescriptions in 10 days after the program started.