Content about CVS Caremark

WOONSOCKET, R.I. — As part of CVS Caremark's sponsorship of The Partnership at Drugfree.org's The Medicine Abuse Project, which aims to prevent a half-million teens from abusing medicine over the next five years, the company now is asking its customers to take the project's pledge to learn about teen medicine abuse, to safeguard medicines in the home and to talk to teens about this issue, the company announced on Monday.

CVS Caremark will use many of its communications channels to share with customers some key facts central to the awareness campaign, such as:

WOONSOCKET, R.I. — CVS Caremark announced that its board of directors has approved a new share repurchase program for up to $6 billion of the company's outstanding common stock.
 
The share repurchase authorization, which is effective immediately, permits the company to effect the repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions.

WOONSOCKET, R.I. — CVS Caremark has appointed Thomas Moriarty as EVP and general counsel of CVS Caremark.

Moriarty most recently served as general counsel at the Celgene, a biopharmaceutical company, where he was responsible for global legal strategy and served on the company's management committee. Prior to that, Moriarty was general counsel and corporate secretary at Medco Health Solutions.

NEW YORK — During Tuesday morning’s Morgan Stanley Healthcare Conference in New York City, CVS Caremark president and CEO Larry Merlo expressed optimism for a strong second half of the year and confidence in retaining a large portion of the prescription volumes gained from the Walgreens-Express Scripts impasse.

Pharmacists got another opportunity this month to show their skills and help ease the healthcare system's growing financial crisis and resource shortage. Will it move the needle on true health reform and the expanding pharmacy practice model?

WOONSOCKET, R.I. —The CVS Caremark Charitable Trust and CVS/pharmacy have announced a donation of more than $20,000 in support of communities that have been affected by Hurricane Isaac.

The CVS Caremark Charitable Trust has donated $15,000 to the American Red Cross to support relief and recovery efforts. CVS/pharmacy also is providing nearly 1,000 first aid kits and nearly $5,000 in additional financial support to Red Cross shelters across Louisiana and Mississippi.

NEEDHAM, Mass. — In the battle to find a cure for amyotrophic lateral sclerosis, also known as Lou Gehrig’s disease, scientists from Belgium have made a rare discovery: a new gene that influences survival time of ALS. The findings, reported in a recent issue of Nature Medicine, were funded in part by CVS/pharmacy and the ALS Therapy Alliance, a Boston-based nonprofit. The findings also confirm another recent study that identified the same pathway to finding a treatment for ALS.

PITTSBURGH — U.S. District Court judge Cathy Bissoon on Monday dismissed many of the claims levied against Express Scripts by the National Association of Chain Drug Stores, the National Community Pharmacist Association and nine independent pharmacies, regarding the allegedly anti-competitive nature of Express Scripts' merger with Medco.

CHICAGO — A former CVS executive has been appointed to a top position at a company that provides pharmacy services to the long-term care industry.

Millennium Pharmacy Systems announced the appointment of A. James Newell as SVP operations. Newell started the new position Monday.

Most recently, Newell was the founder and CEO of the Newell Group and was COO of Quality Partners of Rhode Island, a Medicare quality-improvement organization. He previously served as director of pharmacy programs at CVS.

PALO ALTO, Calif. — Shopkick, a shopping application that rewards shoppers for walking into stores and interacting with products, has teamed up with CVS/pharmacy to roll out a first-ever offering of walk-in and other rewards at a retail pharmacy, Shopkick announced on Tuesday.

The program kicks off with a special offer, kicking $5 back to shoppers who visit participating CVS/pharmacy locations with the Shopkick app. 



WOONSOCKET, R.I. — CVS Caremark paid tribute to disabled veterans from New England with a batting camp and full-day experience at Fenway Park in Boston on Aug. 7.

The Fenway Park opportunity marked an extension of CVS Caremarkʼs national philanthropic All Kids Can program, which aims to make life easier for children with disabilities. The special camp, which took place during Fenway Parkʼs 100th anniversary season, was a joint endeavor between CVS Caremark and the Boston Red Sox.

NEW YORK — Beginning this month, South Carolina is allowing retail-based health clinics to enroll as providers in Medicaid, a move that will enable Medicaid patients to use clinics for wellness visits, preventive services and to treat acute ailments, according to a local news report.

According to The Post and Courier, South Carolina Medicaid director Tony Keck said the move is designed to expand access to care and keep those patients with basic health issues from using high-cost emergency departments.