18 July, 2014
We are very pleased to report that Judge William Young of the U.S. District Court entered a preliminary injunction in favor of Hopkinton Drug against CVS Caremark to fully reinstate Hopkinton Drug as a Provider Pharmacy for all health plans for which CVS Caremark serves as pharmacy benefits manager. On June 23, CVS Caremark had issued a notice of termination of Hopkinton Drug effective July 3. Hopkinton Drug then sued CVS Caremark, alleging among other things that the termination was made in bad faith. Judge Young made a preliminary ruling that there was a reasonable likelihood of success that Hopkinton will prevail on its claim of bad faith termination, and that Hopkinton Drug is entitled to be immediately reinstated in the Caremark network. The Judge stated that Caremark is to effectuate the reinstatement by Monday, July 21. Accordingly, patients with CVS Caremark may proceed once again to fill their prescriptions at Hopkinton Drug and the pharmacy will be able to process to CVS Caremark as of Monday.
