Express Scripts Holding Co (ESRX.O)
17 Feb 2017
* Express scripts announces 2016 fourth quarter and full year results
Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has intensified.
Feb 6 Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has intensified.
* Says in 2016, Express Scripts National Preferred Formulary saved plans $1.3 billion
NEW YORK Anthem Inc shares could rise by 30 percent as the U.S. health insurer is undervalued and has the most room for improvement in profit margins and earnings among its peers, Barron's reported.
Independent pharmacies that have brought lawsuits accusing pharmacy benefit managers CVS Caremark and Express Scripts of conspiring to pay them less than chain pharmacies cannot bring their claims as class actions, a federal judge has ruled.
A federal judge in Delaware has dismissed a whistleblower lawsuit accusing pharmacy benefit manager Medco Health Solutions Inc, now part of Express Scripts Holding Co, of taking kickbacks from AstraZeneca PLC to promote its drugs, finding the case was barred by earlier, similar lawsuits.
Walgreens Boots Alliance Inc reported a better-than-expected quarterly profit as recent partnerships with pharmacy benefit managers (PBMs) and insurance companies helped boost sales of prescription drugs as well as non-drug items.
Express Scripts Holding Co , the largest pharmacy benefit manager in the United States, said drug price inflation would likely be restrained going into 2017 and that scrutiny into pricing strategies was here to stay.
Short seller Citron Research's Andrew Left has turned his sights on Express Scripts Holding Co, calling the pharmacy benefit manager (PBM) the "culprit behind pharmaceutical price gouging."
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