Hints and tips:
...“The vast discrepancy in what a drug costs the pharmacy and the amount it is sold for to the patient is pure profit for someone in the supply chain,” says Michael Rea, chief executive of Rx Savings Solutions...
...If enacted, such a policy threatens to plunge the industry into a protracted period of uncertainty and to scramble the business models of pharmacy benefits managers such as Express Scripts, CVS’s Caremark...
...This article has been amended since it was first published to correct the owners of Caremark and Optum Rx...
...CVS, which last year took over prescription benefits manager Caremark Rx, will also take over Longs’ RxAmerica benefit management subsidiary....
...CVS, the second-biggest US pharmacy chain, on Wednesday agreed to acquire Caremark Rx, a leading pharmacy benefits manager, for $21bn....
...By agreeing a deal to acquire pharmacy benefit manager Caremark Rx for $21bn, CVS on Wednesday moved to eliminate a rising competitor to its retail drug-selling business and expand its prescription benefits...
...Pharmacy chain CVS and pharmacy-benefits manager Caremark Rx , which has a market value of about $21bn, said they would merge, with CVS exchanging 1.67 shares for each share of Caremark....
...The biggest deal to be announced involved the $21bn merger between pharmacy chain CVS and pharmacy-benefits manager Caremark Rx, with CVS exchanging 1.67 shares for each share of Caremark....
...Express Scripts shed 6.7 per cent to $68.96, Caremark Rx tumbled 4.1 per cent to $51.19, and Medco Health Solutions dropped 2.4 per cent to $55.75....
...Medco Health Solutions slid 3.8 per cent to $60.48, and Caremark Rx sank4.3 per cent to $56.56. Crude oil futures ticked higher again, boosting energy stocks....
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