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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:39 EDTCVS, CAHCardinal Health sees CVS Caremark venture operational as soon as July 1
In December 2013, Cardinal Health (CAH) and CVS Caremark (CVS) announced the signing of an agreement to form the largest generic sourcing entity in the U.S. Both companies are contributing their sourcing and supply chain expertise to the 50/50 joint venture and are committing to source generic drugs through it. The U.S.-based joint venture is expected to be operational as soon as July 1 and will have an initial term of 10 years, Cardinal said.
News For CAH;CVS From The Last 14 Days
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April 23, 2015
13:16 EDTCAH, CVSPharmacies, PBMs seen as potential buyers after Omnicare said to explore sale
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12:08 EDTCVSLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Larsen, along with Mary Ptacek, VP of Pharmaceutical Strategies Group and Ruth Krystopolski, EVP of Sanford Health, discuss the 2016-2017 Pharmacy Benefit Managers selling season and which PBMs are poised to gain share, the impact of WBAís growth plans, recent M&A activity and biosimilars on an Analyst/Industry conference call to be held on April 24 at 2 pm.
April 22, 2015
10:28 EDTCVSCVS Health April weekly call activity attributed to takeover chatter
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April 20, 2015
11:32 EDTCAHCardinal Health to pay $26.8M to settle FTC charges
In its latest action to ensure competition in the nationís healthcare markets, the FTC announced that Cardinal Health has agreed to resolve charges that it illegally monopolized 25 local markets for the sale and distribution of low-energy radiopharmaceuticals and forced hospitals and clinics to pay inflated prices for these drugs. The proposed stipulated order requires Cardinal to pay $26.8M of ill-gotten gains and represents the second largest monetary settlement the FTC has obtained in an antitrust case. The money will be deposited into a fund for distribution to injured customers. The order also includes provisions to prevent future violations and restore competition in six markets where Cardinal remains the dominant radiopharmacy. Reference Link
April 16, 2015
07:05 EDTCAHNovaBay signs distribution agremeent with AmerisourceBergen
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April 15, 2015
10:36 EDTCAHBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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April 13, 2015
14:07 EDTCAHEarnings Watch: Johnson & Johnson shares down slightly since last earnings
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