A CVS-Aetna combination could create a health colossus that can reach deeper into the average customer’s life to manage care and cut costs, according to analysts who follow the companies. Drugstore chain and pharmacy benefits manager CVS Health Corp. is in talks to buy the nation’s third-largest insurer, Aetna Inc., according to a report Thursday…
Valeant to Replace CEO, Adds Activist Investor to Board
The CEO of Valeant Pharmaceuticals is leaving, a director has resigned, and the embattled drug company wants another director to leave too, as it works to clean up its financial statements and resolve several investigations. Shares of the Canadian drug company, which had slid to nearly a tenth of the all-time high they hit last summer, rallied Monday after…
CVS Refines its Prescription for Controlling Drug Costs
CVS Health is refining its prescription for controlling drug costs, and patients can expect more frequent coverage changes as the pharmacy benefits manager scours data and reacts quicker to expense spikes. The Woonsocket, Rhode Island, company says adjustments to its formularies, or lists of covered drugs, and other changes helped it tone down prescription drug spending…