Biotech Values

[DewDiligence]

CVS is having second thoughts about MinuteClinic:

http://biz.yahoo.com/ap/080501/earns_cvs_caremark.html

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CVS is pulling back on its expansion of MinuteClinic, in-store clinics that offer treatments for a menu of common ailments. CVS operated 510 clinics at the end of the first quarter. The company said earlier this year that it planned to open 200 to 300 new clinics this year, but that is being scaled back to 100 new clinics, and the company may also close some existing clinics, Rickard said.

He said the company remains "very optimistic" about MinuteClinic, but will instead focus on adding and enriching services. "In any new business you learn as you go, and you adjust priorities accordingly," he said.
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