CVS Health Archives - Medical Design Sourcing

FDA issues warning about over-the-counter eye drops

The FDA issued a notice warning consumers about 26 over-the-counter eye drop products that could result in eye infections.

In its notice, the FDA instructed consumers not to purchase and to immediately stop using these products. Using those eye drops could lead to the risk of infections that could result in partial vision loss or blindness.

Products included in this warning are marketed under brands such as CVS Health and Cardinal Health’s Leader and Rugby. Rite Aid, Target Up&Up and Velocity Pharma also market affected eye drop products.

Get the full story at our sister site, Drug Delivery Business News.

CVS Health to buy Signify Health for $8B

CVS Health (NYSE:CVS) announced that it entered into an agreement to acquire Signify Health for approximately $8 billion.

Home healthcare services company Signify Health offers clinical, social, and behavioral services to support value-based healthcare. It provides a mobile network of 10,000 credentialed clinicians who offer in-home evaluations of Medicare Advantage and Medicaid plan members.

CVS said in a news release that Signify Health’s clinicians and providers will engage with CVS Health’s collection of assets, connecting patients to care how and when they need it.

“Signify Health will play a critical role in advancing our health care services strategy and gives us a platform to accelerate our growth in value-based care,” said CVS Health President and CEO, Karen S. Lynch. “This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision …

Pfizer appoints new chief financial officer

Pfizer (NYSE: PFE) has named David M. Denton as its new chief financial officer (CFO) and executive vice president.

Denton, who now serves as CFO of Lowe’s Companies, will officially take the role on May 2.

Before taking on his role at Lowe’s (NYSE:LOW), Denton served as the CFO of CVS Health (NYSE:CVS). Denton oversaw CVS’s $70 billion acquisition of the managed health care company Aetna.

Denton has more than 20 years of experience working in the healthcare sector.

Pfizer’s current CFO, Frank D’Amelio, has had a 15-year career at the company.

“Our Company’s continued financial strength is essential to Pfizer’s ability to deliver on our purpose and to create long-term value for all our stakeholders,” said Albert Bourla, Pfizer CEO, in a statement. “Dave brings with him deep financial experience, a track record of achievement and true insights into today’s healthcare system. F…

Medable and CVS Health partner to expand clinical trial access

Medable and CVS Health (NYSE:CVS) announced yesterday that they will collaborate to expand clinical trial access and engagement.

Under the collaboration, Medable’s software platform will be combined with CVS Health’s community reach and experienced MinuteClinic providers to deliver clinical trials in a manner that improves patient access, engagement and retention. According to a news release, CVS Health Clinical Trial Services will manage the relationship.

Medable designed its digital platform to streamline design, recruitment, retention and data quality for decentralized trials, replacing siloed systems with integrated digital tools, data and interfaces to accelerate trial execution.

“Our mission is to bring effective therapies to all patients, regardless of where they live, their social status or race. This collaboration intends to bridge research and science into communities with local access and experience that builds greater trust in hea…