pharmacies

For the past week-and-a-half, UnitedHealth’s Change Healthcare business has been undergoing a cyberattack, which has impacted the ability of some pharmacies to fill prescriptions in a timely manner. Now the company is finally addressing who the enemy is.The Blackcat ransomware group—which also goes by ALPHV or Noberus—has been identified as the party responsible for the hack, Change Healthcare confirmed Thursday.“Our experts are working to address the matter and we are working closely with law enforcement and leading…

Orders at several pharmacies have been delayed after a cyberattack was detected at UnitedHealth’s technology unit, Change Healthcare. The company said issues began Wednesday afternoon and some applications were unavailable. In a post later on Wednesday, Change Healthcare said it was experiencing network interruptions related to cybersecurity issues. Security experts “took immediate action” once the company was aware of the outside threat to protect the interests of its partners and patients. The…

CVS Health plans to close dozens of pharmacies inside Target stores at a time when pharmacy chains are struggling to grow retail profits.CVS will close the pharmacies between February and April this year, said a company spokeswoman. The closures are part of CVS’s efforts to pare down its retail footprint “based on our evaluation of changes in population, consumer buying patterns and future health needs,” she said.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS…

CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. The closures will begin in February and finish by the end of April, the spokesperson said in a statement. She added that employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to a nearby CVS pharmacy before a location closes.The spokesperson did not disclose how many stores…

Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements.Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 WalgreensBoots Alliance has agreed to pay $360 million to…

CVS Health on Friday said Shawn Guertin, its top finance executive who has been on a leave of absence since October due to family health reasons, won’t return to the healthcare-services giant.CVS said Guertin has stepped down as chief financial officer and president of health services and will leave the Woonsocket, R.I., company at the end of May.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS Health on Friday said Shawn Guertin, its top finance executive who has…

PUERTO VALLARTA, Mexico —  The tag on her white lab coat read “professional pharmacist,” and the framed health and safety certificates lining the walls behind her gave the drugstore an air of legitimacy.That pretense faded seconds later, when she was asked for controlled medications — and got on her hands and knees to pop open a hidden panel under the counter. She rooted around for a minute and emerged with two sealed bottles.“These are from licensed laboratories,” she said. “The problem is when you’re buying from a…

A Senate Finance Committee inquiry revealed on Tuesday that police departments can get access to private medical information from pharmacies, no warrant needed. While HIPAA may protect some access to personally identifiable health data, it doesn't stop cops, according to a letter from Senator Ron Wyden, Representative Pramila Jayapal and Representative Sara Jacobs to the Department of Health and Human Services. None of the major US pharmacies are doing anything about it, either, the members of Congress say."All of the…

The FDA approves Eli Lilly's Zepbound, a weight loss drug similar to Ozempic and Wegovy.Courtesy: Eli LillyEli Lilly on Tuesday said its recently approved weight loss treatment Zepbound is now available at pharmacies across the U.S., serving as an alternative to rival obesity drugs such as Wegovy that are facing supply issues. Zepbound is the latest entrant to the budding weight loss drug market, which Wall Street expects to grow to about $100 billion by the end of the decade.High demand for the treatments has resulted in…

A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, August 31, 2023.Victoria Klesty | ReutersNovo Nordisk on Thursday said it sued two compounding pharmacies in Florida for allegedly selling impure and "potentially unsafe" drugs claiming to contain semaglutide, the active ingredient in the drugmaker's blockbuster weight loss treatment Wegovy and diabetes medication Ozempic. The actions come as Novo Nordisk grapples with shortages of Wegovy and Ozempic in…