December 4, 2017 / 2:40 PM / in a year

CVS says deal to help build Anthem's drug benefit still on

FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo\

NEW YORK (Reuters) - CVS Health Corp (CVS.N) CEO Larry Merlo said on Monday that its plan to help health insurer Anthem Inc (ANTM.N) build its own pharmacy benefit management business remains in place with planning well under way, unaffected by CVS’ deal to buy Anthem rival Aetna Inc AET.N.

Merlo was responding to a question on a conference call with Wall Street analysts, some of whom have wondered if CVS would lose the business because of the $69-billion deal announced on Sunday.

Reporting by Caroline Humer; Editing by Nick Zieminski

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