Friday, November 7, 2008

CVS Slashes Generic Drug Costs, Escalates Price War

Drugstore giant CVS Caremark Corp. announced it would sell 90-day supplies ofmore than 400 medications for $9.99 and offer discounts for cash-paying patients at its in-store medical clinics. The price war was unleashed by Wal-Mart Stores Inc., the country's largest retailer, a few years ago. Since then, many grocery stores have followed suit.

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