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CVS Caremark Applauds FTC's Leadership on Follow-on Biologics
Date:11/21/2008

WOONSOCKET, R.I., Nov. 21 /PRNewswire/ -- CVS Caremark today applauded the Federal Trade Commission (FTC) for holding a public Roundtable to address issues of competition and continued innovation under a framework for follow-on biologic drugs.

"CVS Caremark serves millions of patients, many of whom depend on specialty drugs to provide life-saving and life-enhancing treatments for their serious conditions. We support the creation of a federal legislative pathway for FDA approval of these medicines to provide access and savings to patients and payors," said Dave Golding, R.Ph., Executive Vice President for Specialty Pharmacy services at CVS Caremark. "Increased competition in the biologics market will benefit health plans, employers and federal programs, and more importantly, will help make specialty medicines more affordable for patients, many of whom must take these medicines for their entire lives." Golding was a participant at the FTC Roundtable.

CVS Caremark Specialty Pharmacy is a full-service pharmacy that specializes in serving the pharmacy needs of people who require complex and chronic therapies for conditions such as hemophilia, multiple sclerosis, HIV/AIDS, Cancer and Organ Transplant. Patients who use CVS Caremark Specialty Pharmacy services receive:

    -- Easy referral process with prompt intake and same day turnaround
    -- Dedicated interdisciplinary CareTeam
    -- Pharmacist-led care coordination
    -- 24/7 clinical support and counseling
    -- Dedicated disease program toll-free telephone and fax line
    -- Patient education material
    -- Discrete, timely delivery of medication anywhere in the US

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 6,800 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.

    Media Contact:
    Christine K. Cramer
    CVS Caremark
    401-770-3317
    ckcramer@cvs.com

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SOURCE CVS Caremark
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