CVS Removes Certain Cold, Cough Products With Phenylephrine From Shelves: Report
Portfolio Pulse from Shivani Kumaresan
CVS Health Corp has decided to remove certain decongestant products containing oral phenylephrine from its stores, following an advisory by a panel to U.S. health regulators that found the ingredient to be ineffective in alleviating congestion. The FDA has not yet finalized its stance or instructed the removal of these products from marketplaces, but CVS has voluntarily taken them off its shelves. Customers can still find alternative congestion-relief products at CVS locations.
October 20, 2023 | 11:14 am
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CVS has voluntarily removed certain decongestant products from its stores, which may impact its sales in the short term. However, the company still offers alternative congestion-relief products.
CVS's decision to remove certain products from its stores could lead to a decrease in sales in the short term. However, the impact may be mitigated by the availability of alternative products. The company's proactive response to the FDA advisory could also be viewed positively by consumers, potentially offsetting any negative impact.
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