Caremark Says Product Sales in Compliance
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Pharmacy benefits manager Caremark Rx  Inc. CMX.N on Monday said all the products it sells come from  licensed wholesalers, a day after a published report said  Illinois regulators were investigating whether it resold drugs  that had been returned by patients.
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NASHVILLE, Feb. 12  â Two more investment advisory firms recommended Monday that shareholders of Caremark Rx reject a buyout offer from the drugstore operator CVS Corporation when it comes up for a vote next week.
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The company cited strong sales across all regions and improved cost controls.
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The leading retailer of home products consistently produces results.
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Wal-Mart Stores Inc  said on Monday that suppliers of its private label and certain other food items, like produce, meat and fish, must comply with Global Food Safety Initiative standards.
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Caremark Rx Inc. CMX.N, a provider  of drug benefit programs to health plan sponsors, on Wednesday  said quarterly earnings rose, boosted by use of cheaper generic  drugs and the acquisition of AdvancePCS.
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NEW YORK/CHICAGO  - CVS Corp. sweetened its bid for Caremark Rx Inc. on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after proxy advisory firms urged rejection of the previous offer.
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WASHINGTON -- CVS Caremark Corp., the second-biggest US drugstore chain, and two former executives settled claims they used an improper trade of stuffed animals to overstate profit, the Securities and Exchange Commission said.
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The US Food and Drug Administration is supposed to be a vigilant industry watchdog that prevents harmful products from reaching America&#39;s kitchen tables and medicine chests.
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All 1,300 members of the America's Health Insurance Plans trade association have agreed to support selected industry standards in personal health record systems for their combined 200 million clients.
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Drugstores CVS/Caremark Corp.  and Rite Aid Corp.  on Thursday posted higher June sales at stores open at least a year, but both chains' pharmacy sales growth was tempered by the introduction of cheaper generic drugs.
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The U.S. Food and Drug Administration is planning to release new testing requirements for drug-coated heart stents in the next few weeks, the regulatory agency's device chief, Daniel Schultz, told the Wall Street Journal.
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CVS Corp.  and Caremark Rx Inc.   said on Tuesday they had sweetened their merger deal,  raising the proposed special cash dividend for Caremark  stockholders to $6 per share from $2.
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Abbott Laboratories Inc.  on Friday said it submitted its application to the U.S. Food and Drug Administration for its drug-coated stent called Xience and expects to start selling the heart device in the first half of 2008.
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Schering-Plough and Merck posted strong sales from their joint venture in cholesterol drugs, but otherwise their third-quarter earnings were notably different.
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NEW YORK/CHICAGO  - CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after proxy advisory firms urged rejection of the previous offer.
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Manufacturer aggressively markets product before drug's long-term safety has been proven.