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Keyword: pharmacy

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  • CVS to purchase Aetna in $69-billion deal with potential to transform health care

    12/03/2017 5:15:52 PM PST · by smileyface · 39 replies
    Circa ^ | Dec 2, 2017 | Sinclair Broadcast Group
    4 Hours Ago Pharmacy chain CVS will purchase insurance giant Aetna in a deal value at $69 billion, The Associated Press reported Sunday. The move will dramatically expand the drugstore juggernaut's health services; a historic amplification which could transform the health care industry. If approved by regulators, CVS' 9,700 locations could morph into health care centers, providing its consumers with primary care and other services and dramatically lowering the cost of health care. The unprecedented merging of retail and health care is likely to spark similar deals throughout the industry, experts said.
  • CVS Health to buy Aetna for around $69 billion

    12/03/2017 2:04:05 PM PST · by John W · 25 replies
    cnbc.com ^ | December 3, 2017 | Lauren Hirsch
    CVS Health is expected to announce plans to acquire Aetna for roughly $69 billion in cash and stock in a first-of-its kind deal aimed at fending off challenges in retail and health care, sources familiar with the situation told CNBC on Sunday. The deal is one of the year's largest so far. It comes as insurers are under pressure to lower medical costs and retailers are under attack from new competitors, including an increasingly powerful Amazon. It creates the first health-care triple threat, combining CVS's pharmacy and pharmacy benefit manager platform with Aetna's insurance business.
  • An old-school pharmacy hand-delivers drugs to Congress, a little-known perk for the powerful

    10/11/2017 12:50:28 PM PDT · by Red Badger · 11 replies
    www.statnews.com ^ | October 11, 2017 | By Erin Mershon
    WASHINGTON — If House Speaker Paul Ryan comes down with the flu this winter, he and his security detail won’t be screeching off toward the closest CVS for his Tamiflu. Instead, he can just walk downstairs and pick up the pills, part of a little-known perk open to every member of Congress, from Ryan and Majority Leader Mitch McConnell down to the newest freshman Democrat. Nearly every day for at least two decades pharmaceutical drugs have been brought by the carload to the Capitol — an arrangement so under the radar that even pharmacy lobbyists who regularly pitch Congress on...
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...
  • Theranos Whistleblower Shook the Company—And His Family

    11/16/2016 6:06:29 PM PST · by CorporateStepsister · 18 replies
    Wall Street Journal ^ | November 16 2016 | By John Carreyrou
    After working at Theranos Inc. for eight months, Tyler Shultz decided he had seen enough. On April 11, 2014, he emailed company founder Elizabeth Holmes to complain that Theranos had doctored research and ignored failed quality-control checks. The reply was withering. Ms. Holmes forwarded the email to Theranos President Sunny Balwani, who belittled Mr. Shultz’s grasp of basic mathematics and his knowledge of laboratory science, and then took a swipe at his relationship with George Shultz, the former secretary of state and a Theranos director. “The only reason I have taken so much time away from work to address this...
  • Theranos CEO Elizabeth Holmes is a victim, venture capitalist Tim Draper says

    11/16/2016 1:02:01 AM PST · by CorporateStepsister · 6 replies
    CNBC ^ | November 15 2016 | Michelle Fox | @MFoxCNBC
    Embattled Theranos CEO Elizabeth Holmes is a victim who has been "totally attacked," venture capitalist Tim Draper told CNBC on Tuesday. Holmes has been under fire since a series of reports by The Wall Street Journal suggested the blood-testing start-up's testing devices were flawed. "Elizabeth Holmes is a great example of maybe why the women are so frustrated. She is a woman entrepreneur who built a fabulous company, did great things for consumers and she got attacked," the founding partner of Draper Associates and Draper Fisher Jurvetson said in an interview with "Closing Bell." "This is a great entrepreneur who...
  • Walgreens Claims Theranos Voided 11.3% of Test Reports

    11/16/2016 12:57:38 AM PST · by CorporateStepsister · 10 replies
    Wall Street Journal ^ | Nov. 15, 2016 10:25 p.m. ET | By Christopher Weaver
    Theranos Inc. allegedly voided 11.3% of all blood-test reports that the Silicon Valley laboratory firm provided to customers of Walgreens stores through a yearslong partnership between the two companies, according to legal papers the drugstore chain filed Tuesday. Theranos, whose main lab failed an inspection by U.S. regulators earlier this year, told Walgreens in June that it subsequently voided 31,000 test reports provided to the chain’s customers, Walgreens said in the public version of a sealed lawsuit.
  • Walgreens Turns on Theranos in $140M Suit for Breach of Contract

    11/12/2016 2:19:03 AM PST · by CorporateStepsister · 8 replies
    Inside Counsel ^ | November 11, 2016 | By Ben Hancock
    SAN FRANCISCO – Walgreens has filed a $140 million breach of contract suit against Theranos Inc., compounding the woes of the Silicon Valley-based medical device startup. The suit was filed under seal in Delaware federal court on Tuesday. It's not clear what exactly the Illinois-headquartered pharmacy chain is alleging, but the docket describes the case as a breach of contract suit with a demand of $140 million.
  • NYC Pharmacy Slaps Male Shoppers with 7% ‘Man Tax’ to Fight Gender Inequality and Trump

    10/11/2016 6:56:26 AM PDT · by C19fan · 97 replies
    Breitbart ^ | October 11, 2016 | Thomas D. Williams
    A Manhattan pharmacy has begun charging its male customers an extra 7 percent “man tax” as a protest against gender-based income inequality as well as a political move to promote Hillary Clinton over Donald Trump.
  • Michelle Obama And Ellen DeGeneres Get Into All Kinds Of Trouble Shopping At CVS Together

    09/14/2016 9:40:06 AM PDT · by Timpanagos1 · 28 replies
    Huff Post ^ | 8/14/16
    Michelle Obama spoke about what she’ll miss the most when she and her family leave the White House during appearance on “Ellen” Tuesday. To help the first lady get used to normal life again, DeGeneres decided to take Obama down to a CVS in a clip aired Wednesday to make sure she still knows how to use coupons, turn coins into cash with Coinstar and, of course, push a shopping cart around. “You push the basket because nobody’s going to push it for you,” the comedian says before the pair begin their shopping adventure.
  • Five Justices Silently Permit Act of Tyranny

    07/06/2016 10:15:20 AM PDT · by Kaslin · 29 replies
    Townhall.com ^ | July 6, 2016 | Terry Jeffrey
    Were you in Olympia, Washington, and wanted to buy an abortifacient drug, there would be a multitude of places ready to sell you one. Ralph's Thriftway, a local family-owned grocery store and pharmacy, would not be one of them. "Petitioners are Christians who believe that life is sacred from the moment of conception," lawyers representing Stormans, Inc. (the family corporation that owns Ralph's) and two individual pharmacists (who do not work at Ralph's) wrote in a January petition to the Supreme Court. "Because of their religious beliefs," said the petition (co-authored by attorneys from the Beckett Fund and the Alliance...
  • In West Baltimore, Scarce Pharmacies Leave Health Care Gaps

    04/27/2016 7:06:16 AM PDT · by Oldeconomybuyer · 27 replies
    Kaiser Health News ^ | April 25, 2016 | By Shefali Luthra and Jeremy Snow
    BALTIMORE - The immense new CVS dominates the corner of Pennsylvania and West North avenues. It's a contrast that shows what's changed and what hasn't in the past year, since Freddie Gray, a 25-year-old black man, died of injuries sustained in police custody, unleashing days of protests. But if 2015's protests emphasized police brutality and race relations, the absence of more stores like CVS that are easily accessible to people in impoverished, predominantly black neighborhoods underscores Baltimore's other persistent inequities. Scarcity defines life in Sandtown-Winchester, the 72-block neighborhood where Gray lived for part of his life. Its roughly 9,000 residents...
  • CVS leaving US Chamber of Commerce in tobacco tiff

    07/07/2015 3:28:23 PM PDT · by Olog-hai · 36 replies
    Associated Press ^ | Jul 7, 2015 5:47 PM EDT
    CVS Health is leaving the U.S. Chamber of Commerce, saying the trade group’s position on tobacco products is incompatible with CVS’ focus on health. The Chamber of Commerce said its position on tobacco products is being misinterpreted and it’s unfortunate that a company is leaving the organization over the issue. A New York Times article published June 30 said the Chamber of Commerce is fighting anti-smoking laws around the world at the behest of the tobacco industry, which is facing increased regulation aimed at reducing smoking. …
  • CVS, Target score $1.9B deal

    06/15/2015 7:28:34 AM PDT · by markomalley · 16 replies
    Washington Business Journal ^ | 6-15-15 | Bob Niedt
    CVS Health Corp. will acquire, rebrand and operate the pharmacies and clinics inside all of the nation's Target stores in a landmark deal worth $1.9 billion, the two retailers announced in a news release Monday morning. That will give CVS (NYSE: CVS) 1,660 new locations in 47 states, operating a store-within-a-store inside Target's upscale discount stores. Those stores will be rebranded CVS/pharmacy. Target's 80 in-store clinics will be rebranded MinuteClinic, and CVS reports it will add 20 more of those in other Target (NYSE: TGT) stores in three years or so. “This strategic relationship with Target supports the highly complementary...
  • MO: Would you Shoot a Suspect who Claimed to have a Gun?

    06/15/2015 7:10:11 AM PDT · by marktwain · 33 replies
    Gun Watch ^ | 14 June, 2015 | Dean Weingarten
     Link to Video: Would you shoot a suspect who claims to have a gun?  That is the decision that Pharmacist Pete Spallito faced on Tuesday, the 9th of June, in Kansas City, Missouri.   In the video, Spallito is confronted with a masked woman who demands all the Oxycontin in the store.   She said that she had a gun in the bag that she was carrying, and placed the bag on the counter.   From kctv5.com: Pete Spalitto described Tuesday's events to KCTV5. He said that after the woman confronted his employee that the employee turned to him. The woman then...