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...s Caremark unit as its main pharmacy benefit manager....
...Shares in CVS Health fell more than 8.1 per cent at the close on Thursday after a decision was made by the insurer to drop its Caremark unit as its main pharmacy benefit manager (PBM)....
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...California governor Gavin Newsom just yesterday deplored an increase in aggressive organised retail crime after a string of robberies over the weekend. One involving 80 suspects....
...The investment is unusual for California-based Silver Lake, which focuses on technology and entertainment deals....
...Two years ago, DD’s Sujeet Indap told readers about how a state courthouse in San Mateo, California had become a hotbed for such federal disputes....
...Robert Wachter, chair of the department of medicine at the University of California, San Francisco, and author of Digital Doctor, a book about how technology is transforming medicine, says Google’s task...
...Aetna has more than 2m prescription drug plan members and directly competed in that area with CVS’s pharmacy benefit manager, Caremark....
...The Canada-based pharmaceutical company said a board panel had been convened to review Valeant’s accounting regarding its relationship with Philidor — a specialty pharmacy chain that has been accused of...
...In December last year, Valeant spent $100m on an option to acquire Philidor, a “specialty pharmacy”, which in turn controlled a vast network of tiny regional drug dispensaries....
..., partly because a new generation of expensive “specialty” medicines is hitting the market....
...Mr Hood was one of 24 attorneys-general who wrote to Google in 2013 seeking information about a range of issues, from whether its search engine facilitated sales by illegal online pharmacies to copyright...
...An adviser to Walgreens said the pharmacy chain was also concerned that its rival CVS Caremark would exploit an inversion by painting Walgreens as unpatriotic....
...It said that this left CVS pharmacies “vulnerable to criminals who intended to purchase large amounts” of pseudoephedrine....
...257 stores gives the Chicago-based chain the leading position in one of the largest US markets, while strengthening its position in the northeastern region that is the bastion of its national rival CVS Caremark...
...®, Freshlike®, C&W® (California & Washington) and McKenzie’s®....
...It is poised be taken over, along with 520 other Longs stores, by Walgreens’ main rival, CVS Caremark....
...The fund, which saw Longs as a viable target for CVS Caremark or Walgreen, hired attorneys to evaluate whether a takeover by either of the two pharmacy rivals would trigger antitrust concerns....
...For Caremark Rx, though, pharmacy chain CVS is causing a headache rather than curing it. Well, partly....
...pharmacy chain CVS....
...Express Scripts tabled a $26bn offer to buy Caremark in a move by the pharmacy benefits manager that could stymie a $21bn all-stock bid made by CVS , which Caremark has already accepted....
...Albertsons Sav-on and Osco pharmacy chains could be attractive to rivals Walgreens and CVS, who are both expanding their networks....
...That came shortly before Henkel paid $200m for Advanced Research Laboratories, a California-based hair care and styling business....
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