Drew Armstrong
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 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...
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 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 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 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...