CVS to pull certain cold medicines containing decongestant phenylephrine from store shelves
Publishing timestamp: 2023-10-20 08:23:45
Summary
CVS is voluntarily removing certain cough and cold medicines from its store shelves and will no longer sell them. This decision comes after a panel of advisors to the FDA determined that the main ingredient used in many over-the-counter cold and allergy medications does not work to clear up congested noses when taken orally. The FDA has not yet decided whether to ask drug manufacturers and retailers to remove products containing this ingredient from the market. CVS will continue to offer other oral cough and cold products that meet patient needs. The removal of this ingredient could affect CVS and other retail pharmacy chains, as they generate revenue from selling these medications.
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Keywords: biotech and pharmaceuticals, business, health care industry, biotechnology, business news, breaking news, pharmaceuticals, cvs health corp, kenvue inc,
Source: https://www.cnbc.com/2023/10/19/cvs-to-pull-certain-cold-medicines-from-store-shelves.html