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Robert Langreth

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Amazon.com Inc. is poised to enter the business of selling prescription drugs by 2019 according to analysts. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

Amazon looms over drugstores as analysts see market entry

NEW YORK - Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners,...
WALGREENS WILL PURCHASE a large amount of Rite Aid stores, seemingly abandoning plans to acquire the entire company. /BLOOMBERG FILE PHOTO/VICTOR J. BLUE

Walgreens scraps Rite Aid takeover, will buy stores instead

NEW YORK - Walgreens Boots Alliance Inc. is scrapping its deal to buy all of rival Rite Aid Corp. and instead will buy a...
An Express Scripts building is seen in St. Louis, Missouri Thursday, July 21, 2011. Express Scripts and Medco Health Solutions, the largest U.S. pharmacy benefits management companies, said they will combine in a deal worth $29.1 billion in cash and stock. BLOOMBERG NEWS PHOTO/ WHITNEY CURTIS

Express Scripts plunges after losing biggest client Anthem

NEW YORK - Express Scripts Holding Co. shares fell after the company said it expects to lose its biggest customer, health insurer Anthem Inc.,...

Gilead executive says pharmacy benefit managers keep prices high

NEW YORK - Gilead Sciences Inc.’s hepatitis C cure set off a firestorm of criticism over high drug prices in 2014 that hasn’t let...
WALGREENS BOOTS Alliance Inc. and Rite Aid Corp.’s giant drugstore merger got smaller Monday after the companies cut the value of the deal by at least $2 billion and said they may divest more stores to gain approval. / BLOOMBERG NEWS PHOTO

Walgreens and Rite Aid cut deal price, may sell more stores

NEW YORK - Walgreens Boots Alliance Inc. and Rite Aid Corp.’s giant drugstore merger got smaller Monday after the companies, facing roadblocks from antitrust...
INEXPLICABLE pricing is widespread in the U.S. market for generic antibiotics. Since 2012, list prices for tetracycline, which treats pneumonia and urinary tract infections, have soared to 170 times the old price. / BLOOMBERG NEWS PHOTO

Rigging charge exposes fish tale behind antibiotic prices

NEW YORK - At least twice a week, Tanja Vanderlinde says patients call in to say they can’t afford drugs.High-deductible health plans mean they...

Drug spending slowed in 2015 after discounts, CVS Health says

NEW YORK - CVS Health Corp. said drug costs for its plans grew a modest 5 percent in 2015, far less than the 11.8...

CVS profit in line with estimates as pharmacy sales increase

WOONSOCKET - CVS Health Corp. earnings matched analysts’ earnings estimates in the fourth quarter, after the August acquisition of nursing-home pharmacy Omnicare helped drive...

CVS makes exclusive deal to cover Amgen’s cholesterol drug

CVS Health Corp.’s drug-benefits unit will cover Amgen Inc.’s new cholesterol-cutting injections while excluding a competing treatment from Sanofi and Regeneron Pharmaceuticals Inc., pushing...

Amgen, Sanofi cholesterol drugs covered by Express Scripts

NEW YORK - Amgen Inc. and Sanofi, competitors in the market for a new class of cholesterol-fighting drugs, will both have their medications covered...
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