CVS Caremark en CVS Caremark's 1st quarter profit jumps 23 per cent, helped by impact from generic drugs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>CVS Caremark's first-quarter net income jumped 23 per cent to top Wall Street's expectations, as generic drugs continued to improve profitability even though those prescriptions hurt revenue.</p> <p>Generic drugs, which are cheaper, copycat versions of brand-name medicines, help a drugstore's bottom line because they provide a wider margin between the cost for the pharmacy to purchase the drugs and the reimbursement received. But they hurt drugstore revenue because generics cost less than brand-name drugs.</p> <p><a href="" target="_blank">read more</a></p> Business Caremark Rx CVS Caremark CVS Caremark CVS Caremark Corp. Health Labor Law Pharmaceutical sciences Pharmaceuticals policy Pharmacology Providence County, Rhode Island Social Issues The Canadian Press Wed, 01 May 2013 12:30:20 +0000 5829166 at US drugstore giant CVS to stop selling cigarettes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The second largest US drugstore chain, CVS, announced Wednesday it will soon quit selling cigarettes, a decision President Barack Obama hailed as a "powerful example."</p> <p>CVS said its 7,600 stores across the country will cease tobacco sales by October 1, despite the projected $2 billion revenue loss the move will entail each year.</p> <p>Larry Merlo, president and CEO of CVS Caremark, described the decision as "the right thing for us to do for our customers and our company to help people on their path to better health." </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="" class="button wire afp"></a></p> <p><a href=""><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="" target="_blank">read more</a></p> Business CVS Caremark Education Ethics Health Human behavior Labor Politics Social Issues Technology Tobacco AFP Wed, 05 Feb 2014 22:17:27 +0000 6062728 at