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CVS shutters clinical trial business

After launching CVS Clinical Trial Services in May 2021, the retailer will cease operations by Dec. 31, 2024.

Two years after the launch of CVS Health's Clinical Trial Services, the retailer announced that it is shutting the business down.

A company spokesperson issued a statement to Drug Store News, which said, "We continually evaluate our portfolio of assets to ensure they are aligned with our long-term strategic priorities. As a result, we’re winding down our Clinical Trial Services business in a phased way, with a full exit expected by Dec. 31, 2024.

[Read more: How retail pharmacy is entering clinical trial services]

The statement continued, "We’ll work with our trial sponsors to ensure a smooth transition, as well as continuity of care and minimal disruption for patients. In parallel, we’re working to support impacted colleagues, and will provide career transition support for those unable to find another role within CVS Health."

[Read more: CVS Health Clinical Trial Services to recruit diabetes, chronic kidney disease patients]

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