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Pharmacy

Price hikes on existing drugs and new medications coming to market are the primary contributors to rising prescription drug prices, a new study published in Health Affairs reveals.

Eli Lilly plans to acquire Loxo Oncology for $8 billion in cash to expand its portfolio of cancer medications, according to CNBC.

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Drugstore chain Rite Aid may be delisted from the New York Stock Exchange as its share price sinks below $1, according to CNBC.

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