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CVS Caremark is the pharmacy benefit management (PBM) subsidiary of CVS Health, providing comprehensive prescription benefit services to over 100 million plan members. The company manages drug formularies, negotiates rebates with pharmaceutical manufacturers, and operates mail-order and specialty pharmacies. Caremark Therapeutic Services specifically refers to the company's specialized clinical and distribution capabilities for complex, high-cost medications used to treat chronic and rare conditions. Its services are designed to optimize clinical outcomes and manage the rising costs of pharmaceutical care for employers, health plans, and government programs.
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