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Most over-the-counter cough and cold remedies contain the oral decongestant phenylephrine, which the Food and Drug Administration recently admitted is ineffective.

Competitor Walgreens is waiting on further guidance from the FDA regarding phenylephrine before making a decision on the products, according to a Q&A page on their website.

The drug store chain said it will remove a small number of oral decongestants that contain phenylephrine as the only active ingredient.

CVS Health will remove from its shelves certain oral cough and cold products with phenylephrine as the only active ingredient, the U.S. pharmacy chain said on Thursday.

CVS Health will remove from its shelves certain oral cough and cold products with phenylephrine as the only active ingredient, the U.S. pharmacy chain said on Thursday.