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The biggest middleman in the prescription drug supply chain now makes drugs

May 14, 2024
With pharmaceutical mergers more common, the FTC is taking a hard look at pharmacy benefit managers and antitrust concerns.
In 2023, CVS founded Cordavis, a wholly owned subsidiary of CVS Health, to manufacture biosimilar prescription drugs.
Brendan Smialowski/AFP via Getty Images

With another acquisition, what is CVS building?

Feb 9, 2023
CVS is on a quest to become a one stop shop for healthcare. With its acquisition of Oak Street, it'll have a primary care company too.
CVS announced its acquisition of the primary care firm Oak Street Health, adding to the pharmacy giant's already-expansive holdings in the health care market.
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How teen mall hot spot Claire’s went from bankruptcy to IPO filing

Aug 5, 2022
The chain has benefited from '90s fashion trends, a good supply chain and looking outside of malls, says Elizabeth Segran of Fast Company.
Claire's has a team of "trend spotters" who travel the world looking for the next popular thing, says Elizabeth Segran of Fast Company. 
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Shift to health services shows signs of success for big pharmacy chains

Feb 9, 2022
CVS has found a positive side effect of providing vaccines — increased retail sales. But what happens when vaccinations slow down?
Pharmacies like CVS have seen varied buying patterns during the pandemic, but providing COVID testing and vaccinations has brought more consumers into the stores.
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Pharmacy chains plan to expand health care offerings

Nov 19, 2021
The pandemic highlighted their opportunity to meet everyday health care needs (and presented some challenges).
CVS announced its acquisition of the primary care firm Oak Street Health, adding to the pharmacy giant's already-expansive holdings in the health care market.
Justin Sullivan via Getty Images

What do CVS store closures say about the future of pharmacies?

Nov 19, 2021
The pharmacies of the future may focus more on health services and primary care. But decisions about where stores will close could be critical for underserved communities.
CVS plans to close about 900 stores starting in 2022.
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CVS boosts pharmacy hiring to handle flu, COVID-19 vaccine demands

Oct 19, 2020
The retailer plans to hire 15,000 additional staff, mostly pharmacy technicians.
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For public good, not for profit.

Walgreens will add doctors' offices to 500 stores

Jul 10, 2020
The drugstore giant also reports a quarterly loss of $1.7 billion. It and rival CVS are delving deeper into the health and wellness field.
A Walgreens store in Miami. The chain has allied with VillageMD to expand health services.
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CVS bets on becoming "a 360 health company"

May 1, 2019
The company is finding ways to attract more customers.
With an ever-growing number of health-care consumers becoming ever-more cost-sensitive, CVS is at an advantage.
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CVS tries to gain customers ... with smiles

Apr 25, 2019
CVS and SmileDirectClub have a lot to gain from partnering.
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