GoodRx shares are trading higher after the company and CVS Caremark announced the launch of Caremark Cost Saver to help decrease pharmacy out-of-pocket drug costs for CVS Caremark clients' members.
Portfolio Pulse from Benzinga Newsdesk
GoodRx and CVS Caremark have announced the launch of Caremark Cost Saver, a program aimed at reducing pharmacy out-of-pocket drug costs for CVS Caremark clients' members. This news has led to an increase in GoodRx's share price.
July 12, 2023 | 3:30 pm
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POSITIVE IMPACT
GoodRx's shares are trading higher following the announcement of the Caremark Cost Saver program with CVS Caremark.
The launch of the Caremark Cost Saver program is a positive development for GoodRx as it could potentially increase the company's customer base and revenue. This has led to increased investor confidence, reflected in the rise in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100