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In 1968, the first PBM was founded when Pharmaceutical Card System Inc. (PCS, later AdvancePCS) invented the plastic benefit card. [1] By the "1970s, [they] serve[d] as fiscal intermediaries by adjudicating prescription drug claims by paper and then, in the 1980s, electronically". [32]
Walgreens (WBA) is launching a new credit card program, with two cards focused on rewards for pharmacy purchases as well as swipes and taps for other health and wellness bills.
Sildenafil's brand name, Viagra, is widely recognized in popular culture, and the drug's association with treating erectile dysfunction has led to its recreational use. [33] The reasons behind such use include the belief that the drug increases libido, improves sexual performance, [33] or permanently increases penis size. [34]
Walgreens was fined $80 million, the largest fine in the history of the Controlled Substances Act at that time. [67] In November 2021, a federal jury found that Walgreens, along with CVS and Walmart, "had substantially contributed to" the opioid crisis. [68] The trial lasted six weeks with the jury returning a verdict finding the pharmacies liable.
Walgreens is competing with CVS and Walmart to enter the clinical trial space at a time when attention on the industry has spiked amid concerns of a lack of diversity of trial participants.
The 340B Drug Pricing Program is a US federal government program created in 1992 that requires drug manufacturers to provide outpatient drugs to eligible health care organizations and covered entities at significantly reduced prices. The intent of the program is to allow covered entities to "stretch scarce federal resources as far as possible ...