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Drew Armstrong

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CVS HEALTH has been subpoenaed on behalf of the DEA. The summons is related to information about its handling of opioids and other controlled substances. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS subpoenaed by U.S. over pharmacies’ role in opioid crisis

NEW YORK – CVS Health Corp. said it received a subpoena on behalf of the U.S. Drug Enforcement Administration, asking the company for information...
CVS HEALTH Corp. is shrinking its board of directors from 16 to 13 individuals. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS shrinks board, drops ex-Aetna CEO Bertolini as director

NEW YORK – CVS Health Corp. will drop three directors from its 16-member board, including Mark Bertolini, the former CEO of Aetna, the health...

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...

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