WOONSOCKET, R.I. — Randy Falkenrath has been named senior vice president of specialty pharmacy at CVS Caremark Corp.
CVS said Thursday that in the role, Falkenrath will oversee the ongoing development of the company’s clinical programs and product management to support its specialty pharmacy business. During the past nine months, he worked within CVS Caremark’s specialty field operations group.
The company noted that Falkenrath’s brings over 26 years of experience in the health plan, pharmaceutical and medical device industries to his new position.
Before joining CVS Caremark, he was senior vice president of specialty pharmacy and business development for UnitedHealthcare’s commercial pharmacy benefit management (PBM) business. And prior to that he was a partner in the life sciences consulting division of Computer Sciences Corp. (CSC) and held leadership positions at Baxter International Inc. and Searle Pharmaceuticals.
"Specialty pharmacy is an important growth area for CVS Caremark over the next few years, and Randy Falkenrath’s in-depth experience and knowledge of the industry make him uniquely qualified to lead our specialty pharmacy business," Jon Roberts, executive vice president and chief operating officer of CVS Caremark’s PBM business, said in a statement. "His expertise will enable us to continue to enhance our specialty pharmacy leadership and identify further opportunities for integration across the CVS Caremark enterprise so we can better help patients dealing with complex, debilitating diseases on their path to better health."
