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Anthem signs agreement with CVS Health for new PBM business

Oct 18 (Reuters) - Drug retailer CVS Health Corp said on Wednesday it entered into an agreement with Anthem Inc to provide services to the health insurer's newly launched pharmacy benefit management (PBM) business, IngenioRx.

Anthem said the agreement with the U.S. drug retailer is a for a period of five years, beginning January 1, 2020.

(Reporting by Divya Grover; Editing by Arun Koyyur)