CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas (2024)

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16:00:02 2024-05-21 EDT
Pre-market 09:29:54
57.32 USD -0.14% CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas (1) 57.24 -0.13%
05-21 News Highlights : Top Company News of the Day - Tuesday at 1 PM ET DJ
05-21 News Highlights : Top Company News of the Day - Tuesday at 11 AM ET DJ

CVS Health expanded its COVID-19 testing program by announcing 44 additional test sites at select CVS Pharmacy drive-thru locations across Texas. The opening of additional test sites on June 26 add to the 86 locations previously opened in Texas. The opening of these new sites reflects the company's commitment to meeting ongoing demand for testing, as well as expanding testing capacity to respond to a surge in new COVID-19 cases. The nearly 200 additional test sites opening across the country this week are among the more than 1,400 locations CVS Health has opened since May and expand the company's testing capacity to more than 1.5 million tests per month, subject to availability of supplies and lab capacity. In addition to the drive-thru sites, CVS Health has partnered with a number of community organizations to open eight rapid-response community testing sites across the country, including sites at Mercy Clinic'sSouth Fort Worth Clinic and the Ibn Sina Wilcrest Community Clinic in Houston to increase access to testing for uninsured and underserved populations who are at highest risk for COVID-19.

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Latest news about CVS Health Corporation

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CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas (8)

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Company Profile

CVS Health Corporation is one of the leading American suppliers of health products and services. Net sales (including intragroup) break down by activity as follows:- medical insurance plan management services (45.6%; Pharmacy Benefit Management): administrative management (reimbursem*nt management, patient claim processing, etc.), drug distribution, decision-making information, sales of medical information management services, etc.;- retail distribution (28.5%): sale of prescription pharmaceutical products, OTC products, beauty and cosmetics products. At the end of 2023, products are marketed primarily via a network of more than 9,000 outlets and via the Internet. In addition, the group offers healthcare services through more than 1,000 clinics (MinuteClinic®);- medical benefits management (25.8%);- other (0.1%).

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Calendar

2024-05-29 - Bernstein Strategic Decisions Conference - Fireside Chat

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Ratings for CVS Health Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas (9)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

28

Last Close Price

57.32USD

Average target price

71.37USD

Spread / Average Target

+24.52%

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1st Jan change Capi.

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CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas (2024)

FAQs

CVS Health Expands Testing Capabilities Amid Rise in COVID-19 Cases; Adds 44 Additional New Drive-Thru Test Sites in Texas? ›

The opening of additional test sites on Friday, June 26 add to the 86 locations previously opened in Texas. The opening of these new sites reflects the company's commitment to meeting ongoing demand for testing, as well as expanding testing capacity to respond to a surge in new COVID-19 cases.

How has CVS helped with COVID? ›

As a leading health solutions company with a strong presence in local communities, CVS Health has played an integral role in helping America respond to the pandemic, providing COVID-19 testing and vaccine administration to millions of people.

Can you buy Paxlovid over the counter? ›

Patients must be prescribed Paxlovid from a Walgreens pharmacist or healthcare provider following a positive COVID-19 viral test and completion of Assessment.

Can anyone get Paxlovid? ›

That means you must either be 50 or older (and especially if you are 65 or older), although, the agency still authorizes Paxlovid for adolescents and teens ages 12 and older who weigh at least 88 pounds.

What is the pharmacist's role in COVID-19 response efforts? ›

Community pharmacists are in a key position to deliver priority pandemic responses including point-of-care testing for chronic disease management, vaccinations, and COVID-19 testing.

What are the current treatment strategies for COVID-19? ›

Existing drugs, including chloroquine (CQ), its derivative hydroxychloroquine (HCQ), remdesivir and nucleoside analogues, monoclonal antibodies, convalescent plasma, Chinese herbal medicine and natural compounds for treating COVID-19 evaluated in experimental and clinical studies were discussed.

What helps with the COVID-19 virus? ›

How to treat COVID-19 symptoms at home
  1. get lots of rest.
  2. drink plenty of fluids (water is best) to avoid dehydration – drink enough so your pee is light yellow and clear.
  3. take paracetamol or ibuprofen if you feel uncomfortable.

What are the medical interventions for COVID-19? ›

COVID-19 Treatment Information for Patients

If you have mild to moderate COVID-19 symptoms (non-hospitalized, not requiring oxygen or an increase in home oxygen) you may be eligible for antiviral treatments including oral antivirals or an IV (intravenous or in your arm) antiviral.

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