Category: cvs

CVS sues pharmacy benefit startup Capital Rx over ‘unenforceable’ non-compete clause

Capital Rx, cvs, Daily, Health Tech, lawsuit, Legal, New York, non-compete, Pharmacy, pharmacy benefit manager, SYN, Top Story / September 28, 2021 September 28, 2021

After Capital Rx’s former medical director of pharmacy services got a job offer at CVS, the PBM startup claimed he couldn’t work there because of a noncompete agreement. CVS recently sued the company, saying its non-compete clause was unenforceable.

Insights+ Key Biosimilars Events of August 2021

Bio-Thera, Bioeq, Celltrion, Centus, Cipla, cvs, Enzene, Formycon, Hikma, Insights, Kemwell, Nora, Polpharma, Samsung Bioepis, Sandoz, Sanofi / September 2, 2021 September 2, 2021

Biosimilars are developed to be highly similar versions of approved biologics in terms of safety, purity, and potency Biosimilars are expected to be a cost-effective alternative to the high-priced branded biologics, offering significant and much-needed cost savings to both payers and the patients During the month of August, Samsung Bioepis’ Byooviz (biosimilar, ranibizumab) received EC’s …

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Teladoc backs national virtual primary care plan for self-funded companies

Aetna, cvs, Daily, Insurance, Payers, SYN, Teladoc, Telehealth, Telemedicine, Top Story / August 11, 2021 August 11, 2021

The plans, which will be offered by Aetna, are based on Teladoc’s physician care team model, and also includes providers through Aetna’s network and CVS Health services.

Seven insurers sue CVS for allegedly inflating drug prices

Cash, cvs, Daily, discount, drug, health insurers, lawsuit, Legal, News, overcharged, Payers, Pharma, Prices, SYN, Top Story / May 27, 2021 May 27, 2021

For the second time in the span of one year, a group of insurers has filed a lawsuit against CVS alleging it overcharged them for generic drugs. CVS refuted the claims, calling them “baseless.”

CVS joins the decentralized clinical trials movement with launch of new biz unit

BioPharma, biopharma nl, clinical trial diversity, Clinical Trials, cvs, Daily, Pharma, Rhode Island, SYN, Top Story, Woonsocket / May 23, 2021 May 23, 2021

CVS has launched a new clinical trials services business that will help drug companies and contract research organizations recruit clinical trial volunteers. The new business unit builds on work the pharmacy giant did last year, identifying and recruiting recruit people for clinical trials testing Covid-vaccines and medicines.

CVS launches $100M venture fund

cvs, CVS Health Ventures, Daily, Health Tech, Retail Health, Startups, SYN, Top Story, venture capital / April 29, 2021 April 29, 2021

The company launched CVS Health Ventures, a corporate venture fund that will make early investments in healthcare startups. It will start with a $100 million fund.

Pharmacies start selling over-the-counter Covid tests, but they’re too pricey to turn the tide

at-home testing, Covid-19 testing, cvs, Daily, Diagnostics, over-the-counter, Policy, SYN, Top Story, Walgreens, Walmart / April 20, 2021 April 20, 2021

After the Food and Drug Administration authorized a swathe of over-the-counter tests for Covid-19, pharmacies are preparing to stock their shelves. But at $20 to $100 a pop, will enough people use them to make a difference?

With telehealth, pharmacy offerings, Amazon starts to encroach on PBMs

Aetna, Amazon, BTIG, cvs, Daily, Health Tech, Optum, Payers, pharmacy benefits, SYN, Telehealth, Top Story / March 26, 2021 March 26, 2021

As Amazon starts to roll out its telehealth and pharmacy offerings, most big health systems and insurers don’t yet view it as a threat. But pharmacy benefit managers and vertically integrated payers will be keeping a watchful eye on the company as it starts to encroach on a slice of their business.

Pharmacies to start offering a limited number of Covid-19 vaccines

Covid-19 vaccines, cvs, Daily, pharmacies, Policy, Retail Health, SYN, Top Story, Walgreens, Walmart / February 3, 2021 February 3, 2021

Walgreens, CVS, Walmart and dozens of other pharmacies will start administering a limited number of vaccines as part of the Federal Retail Pharmacy Program. It will offer vaccines in medically underserved areas to healthcare workers, people ages 65 and older, and essential workers, according to local guidelines.

CVS, Walgreens begin administering first vaccines in nursing homes

Covid-19 Vaccine, cvs, Daily, Health Services, Long-Term Care, Nursing Homes, Retail Health, SYN, Top Story, Walgreens / December 28, 2020 December 28, 2020

CVS and Walgreens began administering the first doses of Covid-19 vaccines across long-term care facilities last week. But many questions still remain about how it will be administered to the general public.

Walgreens, VillageMD to open 40 clinics by next summer

cvs, CVS Health, Daily, Retail Health, SYN, Top Story, VillageMd, Walgreens, Walmart, Walmart Health / December 8, 2020 December 8, 2020

The retailer plans to open primary care clinics in Houston, El Paso, Austin, Phoenix and Orlando by next summer as part of its partnership with startup VillageMD.

CVS to distribute newly authorized antibody therapy

bamlanivimab, BioPharma, COVID-19, cvs, Daily, monoclonal antibodies, Operation Warp Speed, Pharma, Retail Health, SYN, Top Story / December 3, 2020 December 3, 2020

CVS Health’s infusion business will participate in a pilot to administer a recently authorized monoclonal antibody treatment to prevent patients from getting seriously ill with Covid-19. But data about the treatment, bamlanivimab, is mixed, and supply is limited.

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