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CVS Caremark to buy back up to $2B in stock

CVS Caremark Corp. has initiated a new share repurchase program for up to $2 billion of its outstanding common stock. The drug store chain and pharmacy benefit manager said Monday that the share repurchase authorization expires at the end of 2011.

LegitScript to Rx sellers: Stick with FDA-approved

Internet pharmacy verifier LegitScript has sent a letter to leading pharmacy retailers and pharmaceutical distributors to stress the importance of only supplying prescription drugs approved by the Food and Drug Administration.

‘Major victory’ for pharmacy in South Carolina

‘Major victory’ for pharmacy in South Carolina

South Carolina has signed into law a budget bill with a provision that fortifies pharmacy reimbursement for Medicaid prescriptions, which the National Association of Chain Drug Stores hailed as a "major victory" for pharmacies and their patients.

Take Care to run work-site pharmacy at submarine builder

Walgreen Co.’s Take Care Health Systems subsidiary is managing a work-site pharmacy opened at General Dynamics Electric Boat, a maker of submarines for the U.S. Navy. The new pharmacy, located at Electric Boat’s headquarters and shipyard in Groton, Conn.

CVS Caremark to cut Walgreens from PBM network

CVS Caremark to cut Walgreens from PBM network

CVS Caremark Corp. plans to terminate Walgreen Co.’s participation in its pharmacy benefit management unit’s retail network in 30 days. In addition, CVS Caremark said Wednesday that it will terminate Walgreens’ participation in its Medicare Part D retail pharmacy networks effective Jan. 1, 2011.