Despite revenue decline in 1Q, Bioanalytical Systems, Inc. (NASDAQ:BASI) said the quarter was satisfactory as several improvements were made and the same should help support a strong growth trend in the future. The company continued to build its functional and scientific talents in the quarter, a move that…
Rite Aid Corporation (NYSE:RAD) announced a $2 billion acquisition of EnvisionRx, a pharmacy benefits manager. The company hopes to utilize the purchase to control customer costs and enhance its revenue models. Rite Aid is the third largest drugstore chain and is looking to expand on market share while using options such as this to boost internal metrics on the company’s…