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CVS confirms providing future COVID vaccine for long-term care (update)

Oct. 16, 2020 2:42 PM ETCVS Health Corporation (CVS) Stock, WBA StockCVS, WBABy: Kim Khan, SA News Editor84 Comments
  • Update: CVS confirms deal to provide future vaccine to long-term care facilities.
  • "CVS Health is already providing 70 percent of the testing done in a retail setting through its test sites at 3,700 of its drive thru pharmacies," CEO Larry Merlo says. "Moving forward we'll have the capacity to administer approximately four million COVID-19 tests per month to meet the nation's needs ahead of a vaccine approval."
  • CVS +0.5%, Walgreens -0.4%

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  • The White House will announce a deal for CVS (NYSE:CVS) and Walgreens (NASDAQ:WBA) to administer a COVID-19 vaccine to seniors and staff in long-term care facilities later today, Politico reports.
  • President Trump is expected to announce the deal at a Florida speech this afternoon.
  • The plan could still change, Politico says, citing a source.
  • Pfizer CEO Albert Bourla said the company could be ready to apply for emergency-use authorization of its COVID-19 vaccine by late November.

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