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Drew Armstrong

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CVS is Purdue’s largest listed creditor

NEW YORK – Purdue Pharma LP told a bankruptcy court it owes almost $100 million to pharmacy-benefit managers, drug distributors and state health departments in...

Amgen will buy Celgene drug in $13.4B antitrust sale

BOSTON – Amgen Inc. will pay $13.4 billion for a blockbuster psoriasis drug from Celgene Corp., which is shedding the asset in order to...
PURDUE PHARMA is reportedly preparing for a possible bankruptcy filing as it faces hundreds of lawsuits over its role in the United States opioid epidemic. / BLOOMBERG NEWS FILE PHOTO

OxyContin maker Purdue explores bankruptcy, WSJ and Reuters say

NEW YORK - Oxycontin-maker Purdue Pharma LP is preparing for a possible bankruptcy filing as it faces hundreds of lawsuits over its role in...
CVS IS LAUNCHING a new app called Attain. CVS customers that use the app to report health and wellness data will get credits that they can use to buy gift cards or help pay for Apple Watch. / BLOOMBERG NEWS FILE PHOTO/ANTHONY KWAN

CVS dangles Apple Watch as lure to keep eye on customers’...

NEW YORK - CVS Health Corp. has a new deal for its customers: In return for letting the company keep track of their activity,...
WALMART WILL LEAVE CVS Health pharmacy network, following negotiations in which Walmart demanded higher reimbursements for its in-store pharmacies, according to CVS. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

Walmart to leave CVS Pharmacy network, roiling drugstore market

NEW YORK - Walmart Inc. will leave CVS Health Corp.’s pharmacy network that administers drug benefits for millions of Americans, in a dispute over costs...
ALBERTSONS PLANS TO ACQUIRE the parts of Rite Aid that are left over after a separate sale of nearly 2,000 stores, the Wall Street Journal reported. /BLOOMBERG FILE PHOTO/PATRICK T. FALLON

Albertsons to buy Rite Aid in cash-and-stock deal, WSJ Says

NEW YORK - Grocer Albertsons Cos. plans to buy drugstore owner Rite Aid Corp. in a deal that would accelerate the remaking of the U.S....

Most antibacterial soap ingredients banned from U.S. by FDA

The antibacterial ingredients found in many hand soaps will be banned from sale in the U.S. under a new Food and Drug Administration rule...

Obamacare signups could fall short of estimate

The Obama administration forecast that as many as 9.9 million people will sign up for health coverage under Obamacare this year, 3 million below...
CVS CAREMARK CORP. reported second-quarter net income of $1.25 billion, an increase of 11 percent over the $1.12 billion reported a year earlier.

CVS tops profit estimates with new pharmacy-services customers

WOONSOCKET – CVS Caremark Corp., the biggest provider of prescription drugs in the U.S., reported profit that beat analysts’ estimates after adding new customers...
AMGEN INC. reportedly increased its offer to buy Onyx Pharmaceuticals to $130 a share, but Onyx officials say the company is worth more. / BLOOMBERG FILE PHOTO

Onyx rebuffs higher Amgen bid

NEW YORK -- Onyx Pharmaceuticals Inc., the biotechnology company said to have rebuffed an initial takeover bid from Amgen Inc., is involved with several...
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