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What to expect after CVS changes drug pricing formula

(NEW YORK) -- CVS is the latest pharmacy to change its drug pricing formula, a move it said would increase transparency and simplify costs.The company will now base drug costs on the amount that it pays for a drug -- limiting the markup and ...
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Eye drops sold at stores including CVS, Rite Aid and Target could cause blindness, FDA warns

(NEW YORK) -- Consumers are being warned against using more than two dozen eye drop products sold over-the-counter at major retailers including CVS, Target and Rite Aid.The U.S. Food and Drug Administration says the eye drop products were manufactured in a facility with "insanitary ...
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CVS removing decongestant from shelves after FDA panel says it’s ineffective

(NEW YORK) -- CVS Health is planning to remove one type of a common decongestant from shelves after an advisory committee to the U.S. Food and Drug Administration said it was ineffective earlier this year.The products contain the oral formulation of phenylephrine (PE), which ...
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FDA issues warning letters to CVS, Walgreens, other companies over unapproved eye products

(NEW YORK) -- The U.S. Food and Drug Administration issued letters to several companies -- including major pharmacy chains -- this week, warning them against manufacturing or selling unapproved eye products.Letters were sent to CVS and Walgreens as well as six manufacturers claiming the products ...
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DA issues warning letters to CVS, Walgreens, other companies over unapproved eye products

(NEW YORK) -- The U.S. Food and Drug Administration issued letters to several companies -- including major pharmacy chains -- this week, warning them against manufacturing or selling unapproved eye products.Letters were sent to CVS and Walgreens as well as six manufacturers claiming the products ...
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CVS to lay off 5,000 employees in push to shed costs

(NEW YORK) -- CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday.The layoffs will primarily affect "non-customer facing positions" such as corporate roles, the company said, adding that it does ...
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CVS acquires at-home health care company: How it could impact medical services

(NEW YORK) -- CVS Health Corp announced Monday it would be closing its acquisition of home health care services company Signify Health.The deal, which was originally agreed upon in September 2022, allows retail pharmacy chain to acquire Signify for $30.50 per share for a ...
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CVS, Walgreens agree to $10 billion opioid settlement

(NEW YORK) -- CVS Health and Walgreens on Wednesday said they had agreed in principle to pay about $10 billion in total to settle a series of opioid-related lawsuits brought against the pharmacy chains.CVS said it had agreed to a $5 billion settlement designed ...
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CVS agrees to $5 billion opioid settlement

(NEW YORK) -- CVS Health on Wednesday said it had agreed to a $5 billion settlement designed to "substantially resolve" opioid lawsuits against the pharmacy chain.“We are pleased to resolve these longstanding claims and putting them behind us is in the best interest of ...
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CVS lowers price of period products by 25%, pays ‘tampon tax’ in some areas

(NEW YORK) -- Starting this week, customers shopping for period products like tampons, menstrual pads and liners will pay lower prices in CVS stores.The national retailer announced it is reducing the cost of CVS Health brand period products by 25% in all CVS Pharmacy ...
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