Giant Cuts Prices for Some Generic Drugs

By Ylan Q. Mui
Washington Post Staff Writer
Friday, June 20, 2008

Giant Food announced yesterday that it lowered the price of 350 commonly prescribed generic drugs to $9.99 for up to a 90-day supply.

The move follows a similar price cut this month at local Safeway stores, which are offering hundreds of generic drugs at $4 for a 30-day supply.

Food Lion has also changed the prices of many prescription drugs to $4 for 30-day supplies and $10.99 for 90-day supplies. Wal-Mart led the charge when it decreased its prices in 2006.

Andrea Astrachan, Giant's consumer adviser, said the new prices were designed to attract customers who want to shop for groceries and fill their prescriptions at the same time. The move is an important one for Giant. The chief executive of parent company Ahold attributed part of the chain's sales decline at stores open at least a year in the most recent quarter to lower pharmacy sales.

"By taking advantage of our new generic drug program," Astrachan said, "families can save more money on the medications they need."

Giant is the largest grocer in the Washington region with 184 stores throughout the District, Virginia, Maryland and Delaware. The company said 165 of its stores have full-service pharmacies.

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