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On the day of its launch, stock prices for competitors dropped: GoodRx by 20%; Rite Aid by 16%; and Walgreens and CVS Pharmacy by 9% each. [4] In all, drugstores, drug distributors, and health insurers lost $22 billion in market value on the day of Amazon Pharmacy's launch. [7]
CVS Health will remove from its shelves certain oral cough and cold products with phenylephrine as the only active ingredient, the U.S. pharmacy chain said on Thursday. A panel of advisers to the ...
CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards, and convenience foods through their CVS Pharmacy and Longs Drugs retail stores and online through CVS.com.
CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in the United States.
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Amazon (NASDAQ: AMZN) has been showing a lot of interest in healthcare in recent years. It launched an online pharmacy in 2020, and last year, it acquired primary care company One Medical. It also ...