Category: CVS

CVS Drops Potentially Precedent-Setting Supreme Court Case

November 17, 2021
Business & EconomyCVSJudiciarySupreme CourtUS
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The CVS Pharmacy chain dropped a potentially precedent-setting Supreme Court case scheduled to be heard next month in which HIV/AIDS patients claimed the company was discriminating against them by enacting a policy requiring people in need of specialty medications to receive them by mail rather than at a local pharmacy. The case is CVS Pharmacy…

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Pharmacy Chains Defend Actions as Landmark Opioid Trial Nears Its End

November 16, 2021
Business & EconomyClevelandCompaniesCrime and IncidentsCVSeconomypainkillingUSUS NewsWalgreensWalmart
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CLEVELAND—Lawyers for pharmacy chains including CVS and Walgreens on Monday argued they were not to blame for the opioid epidemic, as jurors prepared to consider whether to hold them responsible for the devastation the drug crisis caused in two Ohio counties. Mark Lanier, a lawyer for Lake and Trumbull counties, told a federal jury in…

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CVS Sees Higher Adjusted Profit as COVID-19 Tests, Vaccinations Rebound

November 3, 2021
AMERICABusiness & EconomyCCP VirusCompaniesCOVID-19CVSEconomieseconomyMarketsprofitTestsUSUS NewsvaccinationsVaccines & SafetyWorld
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CVS Health Corp. on Wednesday lifted its full-year adjusted earnings forecast after robust demand for COVID-19 vaccinations and tests helped the U.S. healthcare conglomerate beat analysts’ estimates for third-quarter profit. Rival Walgreens Boots Alliance also signaled a boost from higher demand for vaccinations following the spread of the Delta variant. CVS said it had administered…

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