CVS CEO defends pharmacy middlemen, accuses drugmakers of 'monopolistic' practices
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CVS Health CEO David Joyner defended pharmacy benefit managers (PBMs) against accusations of inflating drug prices, instead blaming drug manufacturers for monopolistic practices. This was discussed during CVS's fourth-quarter earnings call.
February 12, 2025 | 7:00 pm
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CVS Health's CEO David Joyner defended PBMs and accused drug manufacturers of monopolistic practices during the company's Q4 earnings call. This stance may influence investor perception of CVS's role in drug pricing.
The CEO's defense of PBMs and accusation against drugmakers could affect CVS's reputation and investor sentiment. However, the direct impact on stock price is uncertain as it depends on broader market reactions to these statements.
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