The agreement would mark another step in the FTC’s effort to curb alleged anticompetitive practices in the insulin market.
The CVS logo is displayed outside a CVS store in Los Angeles on Aug. 8, 2022. Mario Tama/Getty Images
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CVS Health’s Caremark has reached a settlement with the federal government in a lawsuit over insulin pricing, the latest of the “Big Three” prescription drug middlemen to strike such a deal.
In a joint motion filed on Monday, CVS and the Federal Trade Commission (FTC) said they are seeking to remove the pharmacy company’s subsidiaries—prescription drug benefit manager Caremark and group purchasing organization Zinc—from the case while federal regulators finalize the settlement.
