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  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. The news comes a day after the U.S. government's Centers for Medicare& Medicaid Services said that Theranos' deficient practices at the Newark lab posed "immediate jeopardy to patient health and...

  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. Walgreens said it has told Theranos, a blood-testing startup, to immediately stop sending any lab tests provided through Theranos Wellness Centers at Walgreens to its lab in Newark, California...

  • Ex-drug CEO Shkreli tweets response to House committee Thursday, 21 Jan 2016 | 2:18 PM ET
    Ex-drug CEO Shkreli tweets response House committee

    The House Oversight Committee wants Turing Pharmaceuticals founder Martin Shkreli to testify on the issue of raising drug prices, reports CNBC's Eamon Javers.

  • Walgreens, which offered to buy Rite Aid for $9.4 billion in October, said the deal was progressing as planned. Walgreens said it now expected an adjusted profit of $4.30- $4.55 per share for the year ending August, compared with $4.25- $4.55 it had forecast earlier. The net income attributable to Walgreens rose to $1.11 billion, or $1.01 per share, in the first...

  • Rocky road for Chimerix Monday, 28 Dec 2015 | 10:42 AM ET
    Rocky road for Chimerix

    CNBC's Meg Tirrell reports on the ups and downs for Chimerix's experimental drug brincidofovir.

  • *Deal with Walgreens more than replaces Philidor-Valeant CEO. Dec 15- Valeant Pharmaceuticals International Inc on Tuesday said it reached a deal to distribute its drugs through leading pharmacy chain Walgreens Boots Alliance Inc, boosting credibility with wary investors and sending its shares up 17 percent. The company said on Tuesday its arrangement...

  • *Deal with Walgreens more than replaces Philidor-Valeant CEO. Dec 15- Valeant Pharmaceuticals International Inc, which has been accused of price gouging, said it would sell its skin and eye products at a discount in more than 8,000 Walgreens Boots Alliance Inc's pharmacies in the United States. The 20- year deal with Walgreens, the biggest drug store-operator...

  • Blackmores opens first Australian retail store Monday, 30 Nov 2015 | 5:47 PM ET
    Blackmores opens first Australian retail store

    CEO and MD Christina Holgate tells CNBC why the Supplement brand Blackmores decided to open its first retail store.

  • Oct 30- Vertex Pharmaceuticals Inc said it received a subpoena from the U.S. Department of Justice in the third quarter related to its marketed medicines, seeking documents related primarily to its "good laboratory practices" in a bioanalytical lab. Separately, drugmaker Mylan NV and drugstore chain CVS Health Corp said in their quarterly filings that they had...

  • Vertex, Mylan, CVS subpoenaed by federal agencies Friday, 30 Oct 2015 | 6:00 PM ET

    Oct 30- Vertex Pharmaceuticals Inc said it received a subpoena from the U.S. Department of Justice in the third quarter, seeking documents related primarily to its "good laboratory practices" in a bioanalytical lab. Separately, drugmaker Mylan NV and drugstore chain CVS Health Corp said in their quarterly filings that they had also received subpoenas from...

  • Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain by store count, reported better-than-expected quarterly net revenue, helped by strong demand for its pharmacy benefit management services and its acquisition of Omnicare Inc.. CVS's results come in the same week that larger rival Walgreens Boots Alliance Inc said it would buy Rite Aid Corp for...

  • CVS Health quarterly revenue increases 10 pct Friday, 30 Oct 2015 | 6:56 AM ET

    Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain, reported a 10.3 percent rise in quarterly net revenue, helped by strong demand for its pharmacy benefit management services. Net income attributable to the company rose to $1.25 billion, or $1.11 per share, in the third quarter ended Sept. 30, from $948 million, or 81 cents per share, a year earlier.

  • McKesson sources and distributes drugs for Rite Aid Corp, the drugstore chain that agreed this week to be bought by Walgreens Boots Alliance. That deal calls into question its long-standing contract with Rite Aid, because Walgreens sources its drugs from a rival distributor, AmerisourceBergen Corp. Neither drugstore chain has commented on its plans for...

  • CVS Health drops Philidor, adds to Valeant's woes Thursday, 29 Oct 2015 | 4:08 PM ET

    Oct 29- Drugstore chain CVS Health Corp said it had dropped Philidor Rx, a specialty pharmacy associated with Valeant Pharmaceuticals Inc, from its Caremark program. Valeant's shares tumbled last week after influential short-seller Citron Research said the company was using specialty pharmacies to inflate revenue. CVS took the step following an audit of...

  • *Walgreens, Rite Aid have 25 pct overlap in northeastern U.S.- analysts. Walgreens' offer to buy Rite Aid for $9.4 billion, excluding debt, could face intense regulatory scrutiny as the deal seeks to unite two of the three top drugstore chains in the United States. Walgreens is the No. 1 U.S. chain by number of stores, followed by CVS Health Corp. Rite Aid ranks third.

  • Oct 28- Drugstore operator Walgreens Boots Alliance Inc, which agreed to buy smaller rival Rite Aid Corp on Tuesday, reported better-than-expected quarterly net sales, helped by higher prescription sales. Net income attributable to the largest U.S. drug store chain was $26 million, or 2 cents per share, in the fourth quarter ended Aug. 31, compared with a loss of...

  • Turing urged to cut drug price after huge spike Thursday, 22 Oct 2015 | 3:08 PM ET
    Martin Shkreli

    Health groups called for Turing Pharmaceuticals to follow through on its promise to lower the price of a recently acquired drug.

  • Health groups appeal to Turing on drug price Thursday, 22 Oct 2015 | 2:09 PM ET
    Martin Shkreli

    CNBC's Meg Tirrell reports a number of health groups have appealed to Turing Pharmaceuticals asking the company to lower its drug price of Daraprim.

  • Indian drug retailers protest against e-pharmacies Wednesday, 14 Oct 2015 | 9:39 AM ET

    NEW DELHI/ MUMBAI, Oct 14- Indian drug retailers shut up shop for the day on Wednesday to protest against the country's growing online pharmacy industry, and threatened to close indefinitely if the federal government did not shut down e-pharmacies. Online pharmacies are a relatively new phenomenon in India, where mom-and-pop stores have long dispensed drugs.

  • NEW DELHI/ MUMBAI, Oct 9- As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers. Healthcare provider Apollo Hospitals Enterprise Ltd plans to start online drug sales in India, while Zigy, and Sequoia Capital- backed 1 mg already have e-pharmacies to...