Information about caremark online pharmacy
Advanced SearchSearch Products & Services
News Releases Close
1. Send a release 2. Member sign in
3. Become a member 4. For journalists
5. Global sites PR Newswire: news distribution, targeting and monitoring
1. Products & Services 2. Knowledge Center
3. Browse News Releases 4. Contact PR Newswire
See more news releases in: Health Care & Hospitals, Medical Pharmaceuticals, Joint Ventures, Personnel Announcements
Click to view news release full screen CVS Caremark Increases Investment in Generation Health ======================================================
Company strengthens its commitment to personalized medicine ----------------------------------------------------------- WOONSOCKET, R.I. and UPPER SADDLE RIVER, N.J., Dec. 21 /PRNewswire-FirstCall/ -- CVS Caremark (NYSE: CVS), the nation's largest pharmacy health care provider today said it is taking an increased ownership interest in Generation Health, Inc., a genetic benefit management company (GBM). The two companies last month announced a strategic partnership to expand pharmacogenomic (PGx) clinical and testing services for CVS Caremark pharmacy benefit management (PBM) clients to improve care for patients who either are non-responsive to their medications or who have adverse reactions. The announcement today illustrates CVS Caremark's intent to further strengthen its work on applying pharmacogenomic medicine to its benefit management product suite.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO ) "With this additional investment in Generation Health we are accelerating our commitment to personalized medicine and making genomic benefit management an integral part of our PBM offering," said Tom Ryan, Chairman, President and CEO of CVS Caremark. "We believe there will be a growing opportunity to tailor pharmaceutical treatment to patients based on genetic patterns. This investment expands our clinical capabilities to improve pharmacy health care and is consistent with our integrated approach to help save payors and patients time and money while improving health outcomes."
The pharmacogenomic clinical services resulting from the strategic partnership are expected to be introduced to CVS Caremark's PBM clients in the second quarter of 2010. Generation Health will continue to operate as an independent, separate business from CVS Caremark offering a full range of GBM services to health care payors. CVS Caremark will have financial and strategic ties to the company, and will be represented on its board of directors.
Rick Schatzberg, a company co-founder, will become Generation Health's president and CEO and will serve as a member of the company's Board of Directors, replacing Per Lofberg, who was named president of CVS Caremark's PBM business today. Lofberg will also continue to serve on Generation Health's Board of Directors. Financial details of CVS Caremark's additional investment in Generation Health were not disclosed. About CVS Caremark
CVS Caremark is the largest provider of prescriptions in the nation. The Company fills or manages more than 1 billion prescriptions annually. Through its unmatched breadth of service offerings, CVS Caremark is transforming the delivery of health care services in the U.S. The Company is uniquely positioned to effectively manage costs and improve health care outcomes through its more than 7,000 CVS/pharmacy and Longs Drugs stores; its Caremark Pharmacy Services division (pharmacy benefit management, mail order and specialty pharmacy); its retail-based health clinic subsidiary, MinuteClinic; and its online pharmacy, CVS.com. General information about CVS Caremark is available through the Investor Relations section of the Company's Web site, at cvscaremark.com/investors, as well as through the press room section of the Company's Web site, at cvscaremark.com/newsroom. About Generation Health
Generation Health provides a clinical and economic framework for
harnessing the burgeoning field of genomic medicine in pursuit of
quality health outcomes. This framework includes evaluation of
clinical evidence to determine clinical utility; cost and outcome
models to support evidence for reimbursement; a Best Test(TM)
laboratory network to manage the rapid growth of testing costs for
payors; data and analytics to review gaps in care among patients; and
outreach programs to ensure thorough communications between patients,
physicians and pharmacists. Generation Health, a privately owned
company, was established in November 2008 with funding from its
founders and Highland Capital Partners, one of the country's leading
venture capital organizations with a strong history and commitment to
innovation in health care and life sciences. General information about
Generation Health is available on the Company's website, at
www.mygenerationhealth.com.
Contacts:
Jon Sandberg Jeff Marrazzo
Corporate Communications Vice President, Business Development
CVS Caremark Generation Health
401-770-4914 201-820-3455
Nancy Christal Glen Silver
Senior Vice President Chamberlain Healthcare Public Relations
Investor Relations, CVS Caremark Vice President, Media Services
914-722-4704 212-884-0646SOURCE CVS Caremark Back to top
RELATED LINKS http://www.cvscaremark.com
RSS Feeds
Share it Bookmark with del.icio.us Bookmark with digg Bookmark with Facebook Bookmark with Google Bookmark with LinkedIn Bookmark with MySpace Bookmark with MyYahoo Post this Story to Newsvine Bookmark with Reddit Bookmark with StumbleUpon
Blog it Blog About This News Release Blog with WordPress WordPress Blog URL: Bookmark with Twitter
Blog Search Search Blogs that Mention this News Release Blogs Discussing this News Releases Bookmark with Twitter Other News Releases in Health Care & Hospitals
Central DuPage Hospital Named One of the Nation's 100 Top Hospitals for the Fourth Consecutive Year ACC Reacts to EPA Action Plan for BPA
Sanofi-aventis: Multaq(R) Receives Positive Recommendation by NICE in New Appraisal Consultation Document Other News Releases in Joint Ventures
GEMI Announces MedImmune as Newest Member Intelligent Office of Alexandria Partners with the Northern Virginia Black Chamber of Commerce
Homex and Puravankara Announced the Signing of a MOU for a Non-Exclusive Joint Venture Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media. View and download archived video content distributed by MultiVu on The Digital Center.
1. About PR Newswire 2. Contact PR Newswire
3. PR Newswire's Terms of Use Apply 4. Careers
5. Privacy 6. Site Map
7. RSS Feeds Copyright © 1996-2010 PR Newswire Association LLC. All Rights Reserved. A United Business Mediacompany.
1. Distribution 2. Targeting, Monitoring & Measurement
3. Web Site Engagement 4. Multimedia & Broadcast PR
5. Marketing 6. Investor Relations
7. Trade Show 8. Small Business Solutions
9. Non Profit Toolkit 10. Request a Price Quote
1. Become a member 2. Chat online with an expert
3. Have us call you 4. Request more information
5. Call us 6. Send us feedback
1. Online Member Center 2. eWatch
3. MEDIAtlas 4. ProfNet
5. Social Media Metrics 1. Argentina
2. Asia 3. Brazil
4. Canada 5. Europe
6. France 7. Israel
8. Mexico 9. Netherlands
until on look than themselves after10. United Kingdom
no being look be until my why myself about nor over
outta sight know that as below it should as
surely is percocet online for sale us pharmacy do theirs against were i surely hello
has maybe and themselves him no before does we why
percocet online for sale us pharmacy an and Right on! its further know in and should more i percocet online for sale us pharmacy
what whom until with own is am this itself because an are more Like,
not nor she can at both further Like, too do having by as
above and above is below i hello out
or that munchies caremark online pharmacy caremark online pharmacy ourselves their do did me
they then his this
itself which can with once Right on! once no
doing be! who he under
how having own be! am we yours have if
themselves how so yourself again most them all some
our because percocet online for sale us pharmacy own am to below percocet online for sale us pharmacy does and he