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The FTC has given Watson Pharmaceuticals permission to buy Andrx as long as the two sell off certain assets, including Andrx’s portfolio of oral contraceptives.
CVS and Caremark Rx are joining in a stock-for-stock “merger of equals,” a move that will combine one of the nation’s leading pharmaceutical services companies with the largest retail pharmacy chain.
The FTC has given Watson Pharmaceuticals permission to buy Andrx as long as the two sell off certain assets, including Andrx’s portfolio of oral contraceptives.
Bristol-Myers Squibb’s (BMS) problems continue as the company lost substantial revenue from generic competition to its blood thinner Plavix and now faces potentially broader criminal charges related to the drug.
Nationwide Insurance and Medco have joined to offer small businesses a low-cost prescription plan featuring generic drugs to help provide employees with healthcare benefits.
Retail giant Wal-Mart is expanding its generic drug discount program to the entire state of Florida four months ahead of schedule and adding to the list of drugs included in the program, but one analyst is questioning the move’s impact on the market.