Major pharmacy chains CVS Health and Rite Aid have disabled Apple Pay in their stores nationwide less than a week after the mobile wallet technology was introduced, according to Bloomberg and other news agencies. CVS Health (CVS) and Rite Aid (RAD) have yet to explain the reason, although Rite Aid spokeswoman Ashley Flower told Bloomberg that the company is “still in the process of evaluating our mobile payment options.” Best Buy (BBY), GAP (GPS)
The dropout rate for patients on Gilead Sciences’ hepatitis C treatment Sovaldi is quadruple what was seen during clinical trials, data showed Wednesday. CVS Health (CVS) Research Institute researchers found that real-world use of Gilead’s (GILD) blockbuster drug reflects an 8.1% discontinuation rate vs. an approximate 2% rate in trials. The study also found that patients new to the hepatitis C treatment were less likely to complete
Shares of specialty drugmaker Horizon Pharma (HZNP) were down 30% on the stock market today after two major pharmacy benefit managers removed its drugs from their formularies. Horizon disclosed in an SEC filing that Express Scripts (ESRX) and Caremark, CVS’ (CVS) PBM division, are removing its drugs Duexis and Vimovo from their formularies as of August and will place the drugs on their exclusion lists at the start of next year. Horizon said this