Yahoo Finance published this video item, entitled “CVS to pull cold medicines deemed ineffective by FDA” – below is their description.
CVS Health (CVS) announced on Thursday that it will begin to pull several common cold products after an advisory panel from the FDA ruled that the active ingredient, oral phenylephrine, was ineffective in those products. The ruling from the FDA does not apply to other common cold medicines like pseudoephedrine (Sudafed) or the nasal spray phenylephrine. Yahoo Finance Senior Reporter Anjalee Khemlani joins the Live show to break down the FDA ruling and what it means for the average consumer.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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