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Kiplinger
Kiplinger
Business
Joey Solitro

CVS Launches Cordavis to Target Biosimilars Market

Pharmacist holding credit card payment device for customer.

CVS Health has launched Cordavis, a new unit to work with manufacturers on producing biosimilar drugs for the U.S. market that cost less than their branded counterparts.

Biosimilar drugs, like generic drugs, are versions of brand-name drugs that may be more affordable to patients, according to the U.S. Food and Drug Administration (FDA). 

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