Caremark Rx News

" CVS Caremark Corp. is working to shore up its ailing pharmacy-benefit management division after the company disclosed earlier this month that the unit has lost $4.8 billion in contracts for 2010 because of major clients switching to other providers.

CVS Caremark Corp. said it would not meet its targets for its pharmacy benefits management business in 2010 and would search for a new executive to lead the unit.

" CVS Caremark Corp. saw its stock price fall as much as 24 percent Thursday morning, the most in eight years, after the company said it lost $3.7 billion in pharmacy-benefit management contracts during the third quarter.

" CVS Caremark Corp. disclosed late Thursday that it is under investigation by the Federal Trade Commission, capping a day of bad news for the pharmacy giant that saw its market value cut by about $10 billion.

CVS Caremark Corp. has been the subject of a U.S. Federal Trade Commission investigation over some of its business practices since August, the company said Thursday.

When Tom Ryan orchestrated the $27 billion marriage of CVS and Caremark in 2007, he may not have imagined his sharpest critics would come back to haunt him more than two years later.

The Federal Trade Commission is investigating some of CVS Caremark Corp.'s business practices, the company said yesterday.

Do you know where your private prescription information is? As pharmacy chains, benefits companies and drug makers work more closely, your prescription history is being shared more than you might think.

A union group that alleges anti- competitive practices by CVS Caremark Corp. said U.S. regulators have requested an additional meeting to discuss the issue.

City officials are participating in a National League of Cities and CVS Caremark program that will allow residents to save an average of 20 percent off of retail prices on prescription drugs.

" Now that's a lot of Halloween candy. CVS Caremark Corp. on Thursday opened its 7,000th retail store in the Twin Cities suburb of Little Canada, Minn.

"Eight U.S. congressmen joined a push for the Federal Trade Commission to re-examine CVS Corp.'s acquisition of Caremark Rx, Inc.

" A bipartisan group of U.S. congressmen have sent a letter to the Federal Trade Commission asking the agency to reexamine the 2007 merger of CVS Corp.

Eight U.S. congressmen joined a push for the Federal Trade Commission to re-examine CVS Corp.a s acquisition of Caremark Rx Inc.

Everyone can relate to the high costs of prescription drugs. If you have medications that your insurance won't cover and you live in Milwaukee, there is a new way to get a big discount.

The retail unit of luggage-maker Samsonite Corp. has filed for bankruptcy court protection in Wilmington, Del., according to federal court documents, a victim of a recession that has curbed travel.

The controversy over health-insurance reform has cast a pall over usually robust health-care stocks.

Published: Tuesday, August 25, 2009 at 8:27 p.m. Last Modified: Tuesday, August 25, 2009 at 8:28 p.m. Gadsden residents might have the opportunity to get their prescription drugs at a discounted rate.

In 2007, the CVS Corporation embarked on an ambitious attempt to acquire Caremark RX, Inc., and combine a leading retail drugstore with one of the largest prescription benefit management companies.

In 2007, the CVS Corporation embarked on an ambitious attempt to acquire Caremark RX, Inc., and combine a leading retail drugstore with one of the largest prescription benefit management companies.