Content about Express Scripts

September 19, 2011

The National Association of Chain Drug Stores has launched a new drive-time radio advertisement in the Washington, D.C., market to warn of the potential consequences of the proposed merger between pharmacy benefit managers Express Scripts and Medco.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has launched a new drive-time radio advertisement in the Washington, D.C., market to warn of the potential consequences of the proposed merger between pharmacy benefit managers Express Scripts and Medco.

(Listen to the radio ad here)

September 16, 2011

Round one between Walgreens and Express Scripts may have technically been a draw, but that still means Walgreens' appeals to benefit consultants and payers are still out there.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Round one between Walgreens and Express Scripts may have technically been a draw, but that still means Walgreens' appeals to benefit consultants and payers are still out there. Whatever the outcome, the Walgreens-ESI scorecard certainly has drawn plenty of eyes to a title bout that has become a very public battle for patients.

September 16, 2011

Pharmacy benefit manager Express Scripts will provide services for patients using a drug to manage a debilitating side effect of many anti-cancer treatments, ESI said.

ST. LOUIS — Pharmacy benefit manager Express Scripts will provide services for patients using a drug to manage a debilitating side effect of many anti-cancer treatments, ESI said.

September 16, 2011

U.S. District Court judge Marvin Aspen ruled in favor of Walgreens on Thursday; Express Scripts' federal suit against Walgreens will be halted pending arbitration.

CHICAGO — U.S. District Court judge Marvin Aspen ruled in favor of Walgreens on Thursday; Express Scripts' federal suit against Walgreens will be halted pending arbitration.

The Express Scripts charges against Walgreens of breach of contract now will move to arbitration. Express Scripts originally had objected to arbitration because the process would be too slow. However, there may be some sense of urgency as Judge Aspen scheduled a status hearing for Dec. 8.

September 15, 2011

Walgreens on Thursday morning argued for its motion to stay an Express Scripts suit filed against the Chicago-based pharmacy on Sept. 7, pending arbitration.

CHICAGO — Walgreens on Thursday morning argued for its motion to stay an Express Scripts suit filed against the Chicago-based pharmacy on Sept. 7, pending arbitration.

In its lawsuit, Express Scripts contends that Walgreens is actively recruiting patients and seeks immediate relief from Walgreens' informing patients that the company's 7,760 stores will not be part of the Express Scripts pharmacy network at the top of the year.

September 9, 2011

If this were a fist-fight, you might say Express Scripts just took the old "one-two" to the jaw — though in this case, the punches came from two different directions.

WHAT IT MEANS AND WHY IT'S IMPORTANT — If this were a fist-fight, you might say Express Scripts just took the old "one-two" to the jaw — though in this case, the punches came from two different directions.

(THE NEWS: Walgreens makes case of value outside of Express Scripts in SEC filing. For the full story, click here)

September 9, 2011

The National Association of Chain Drug Stores is calling on Congress to scrutinize the proposed merger of pharmacy benefit managers Express Scripts and Medco and, in a letter submitted Friday to the House of Representatives Ways and Means Subcommittee on Health, outlined the “problems” it believes would result from the mega-merger.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores is calling on Congress to scrutinize the proposed merger of pharmacy benefit managers Express Scripts and Medco and, in a letter submitted Friday to the House of Representatives Ways and Means Subcommittee on Health, outlined the “problems” it believes would result from the mega-merger.

The House panel held a hearing Friday titled “Health Care Industry Consolidation.”

September 9, 2011

Lawmakers should oppose the proposed mega-merger of pharmacy benefit managers Express Scripts and Medco Health Solutions, the National Community Pharmacists Association again told Congress members during a House subcommittee hearing held Friday.

ALEXANDRIA, Va. — Lawmakers should oppose the proposed mega-merger of pharmacy benefit managers Express Scripts and Medco Health Solutions, the National Community Pharmacists Association again told Congress members during a House subcommittee hearing held Friday.

September 8, 2011

Bills proposed in Pennsylvania's state legislature would allow patients to have their prescriptions filled through mail-order and at community pharmacies for the same price.

PHILADELPHIA — Bills proposed in Pennsylvania's state legislature would allow patients to have their prescriptions filled through mail-order and at community pharmacies for the same price.

House Bill 511 and Senate Bill 211, which promoters said are designed to give a "booster shot" to local pharmacies and save jobs, are the latest episode in what appears to be a growing battle between pharmacy benefit managers and retail pharmacies.

September 6, 2011

The proposed merger between pharmacy benefit managers Express Scripts and Medco Health Solutions hit a speed bump Friday as the Federal Trade Commission requested additional information, indicating that the agency has raised antitrust concerns.

NEW YORK — The proposed merger between pharmacy benefit managers Express Scripts and Medco Health Solutions hit a speed bump Friday as the Federal Trade Commission requested additional information, indicating that the deal has raised antitrust concerns among regulators.

September 6, 2011

Walgreens on Tuesday filed a document with the U.S. Securities and Exchange Commission titled "The Value of Walgreens" that specifically outlined what Walgreens can bring to an employer, exclusive of any relationship with a pharmacy benefit manager, such as Express Scripts.

CHICAGO — Walgreens on Tuesday filed a document with the U.S. Securities and Exchange Commission titled "The Value of Walgreens" that specifically outlined what Walgreens can bring to an employer, exclusive of any relationship with a pharmacy benefit manager, such as Express Scripts. Specifically regarding its negotiations with Express Scripts, Walgreens stated: "Negotiations remain at an impasse, and Walgreens has begun informing patients that we will not be part of the Express Scripts network as of January 1, 2012."

August 22, 2011

The Independent Specialty Pharmacy Coalition is urging the Federal Trade Commission to look into the pending merger between pharmacy benefit managers Express Scripts and Medco Health Solutions, the ISPC said Monday.

WASHINGTON — The Independent Specialty Pharmacy Coalition is urging the Federal Trade Commission to look into the pending merger between pharmacy benefit managers Express Scripts and Medco Health Solutions, the ISPC said Monday.

August 19, 2011

Express Scripts is readying for a pharmacy network without Walgreens, according to an analyst report published Thursday.

NEW YORK — Express Scripts is readying for a pharmacy network without Walgreens, according to an analyst report published Thursday.

Credit Suisse analyst Edward Kelly reported that Express Scripts issued a letter to clients on Monday encouraging those clients to begin pushing prescriptions to alternative pharmacies. "While this is the next logical step in this very public negotiation, it supports our view that a near-term resolution is unlikely and suggests that the possibility of no deal (while still low) is increasing," Kelly wrote.

August 12, 2011

The Chain Drug Consortium on Thursday dispensed a formal letter to the U.S. Federal Trade Commission expressing its opposition to the proposed merger of pharmacy benefit management companies Express Scripts and Medco Health Solutions.

BOCA RATON, Fla. — The Chain Drug Consortium on Thursday dispensed a formal letter to the U.S. Federal Trade Commission expressing its opposition to the proposed merger of pharmacy benefit management companies Express Scripts and Medco Health Solutions.

August 8, 2011

So, who’s afraid of a bigger, badder Express Scripts-Medco? Apparently not its competitors.

So, who’s afraid of a bigger, badder Express Scripts-Medco?  Apparently not its competitors.

CVS Caremark president and CEO Larry Merlo isn’t worried about a combined ESI-Medco. “Assuming that the proposed transaction is completed, I am more confident than ever that CVS Caremark can and will effectively compete in this vibrant industry,” Merlo said to open his company’s Aug. 4 earnings call with analysts.

August 4, 2011

CVS Caremark posted second-quarter results that were at the high end of its guidance and narrowed its 2011 outlook on continued confidence. But it was the pharmacy benefit management business — and the potential merger of PBM rivals Express Scripts and Medco Health Solutions — that was top of mind for many industry observers, and was a topic that CVS Caremark president and CEO Larry Merlo hit head-on at the start of Thursday morning’s conference call.

WOONSOCKET, R.I. — CVS Caremark posted second-quarter results that were at the high end of its guidance and narrowed its 2011 outlook on continued confidence. But it was the pharmacy benefit management business — and the potential merger of PBM rivals Express Scripts and Medco Health Solutions — that was top of mind for many industry observers, and was a topic that CVS Caremark president and CEO Larry Merlo hit head-on at the start of Thursday morning’s conference call.

August 4, 2011

The National Association of Chain Drug Stores and the National Community Pharmacists Association on Thursday delivered their first formal letter to the U.S. Federal Trade Commission in shared opposition to the proposed merger of Express Scripts and Medco Health Solutions.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores and the National Community Pharmacists Association on Thursday delivered their first formal letter to the U.S. Federal Trade Commission in shared opposition to the proposed merger of Express Scripts and Medco Health Solutions.

The initial correspondence emphasized joint opposition to the proposed merger on the grounds of the merger’s anticompetitive impact on patients, consumers, the market and the entire healthcare delivery system.

August 1, 2011

The ink has barely dried on the acquisition agreement between pharmacy benefit management giants Express Scripts and Medco Health Solutions, but several groups already are seeing smudges — most recently, a trade organization representing independent specialty pharmacy providers.

WASHINGTON — The ink has barely dried on the acquisition agreement between pharmacy benefit management giants Express Scripts and Medco Health Solutions, but several groups already are seeing smudges — most recently, a trade organization representing independent specialty pharmacy providers.

July 25, 2011

In his July 20 letter to benefit consultants, Walgreens president of pharmacy, health and wellness Kermit Crawford made a direct appeal to plan sponsors to either “select a PBM that includes Walgreens” or consider “direct arrangements with plans currently using Express Scripts, to the extent permitted by their contracts.” The letter also included an attached “template agreement that can be used to implement such direct arrangements where permitted,” for consideration.

WHAT IT MEANS AND WHY IT'S IMPORTANT — In his July 20 letter to benefit consultants, Walgreens president of pharmacy, health and wellness Kermit Crawford made a direct appeal to plan sponsors to either “select a PBM that includes Walgreens” or consider “direct arrangements with plans currently using Express Scripts, to the extent permitted by their contracts.” The letter also included an attached “template agreement that can be used to implement such direct arrangements where permitted,” for consideration.

July 21, 2011

Two of the country’s largest pharmacy benefit managers plan to merge in a deal worth $29.1 billion.

ST. LOUIS — Two of the country’s largest pharmacy benefit managers plan to merge in a deal worth $29.1 billion.

St. Louis-based Express Scripts and Franklin Lakes, N.J.-based Medco Health Solutions announced Thursday that their boards had voted unanimously to approve the merger, though the deal still is subject to regulatory review. The deal would create the country’s largest PBM, followed by CVS Caremark.

July 21, 2011

The merger agreement between Medco Health Solutions and Express Scripts announced Thursday has drawn objections from retail pharmacy trade groups.

ALEXANDRIA, Va. — The merger agreement between Medco Health Solutions and Express Scripts announced Thursday has drawn objections from retail pharmacy trade groups.

In a joint statement on Thursday, National Community Pharmacists Association EVP and CEO Douglas Hoey and National Association of Chain Drug Stores president and CEO Steve Anderson said Express Scripts’ $29.1 billion acquisition of Medco would “exacerbate [pharmacy benefit managers’] detrimental effect on pharmacy patient care.”

July 20, 2011

Walgreens on Wednesday directly appealed to benefit consultants with a letter apprising them of the chain’s withdrawal from Express Scripts’ pharmacy provider network, effective Jan. 1, 2012, and educating those consultants of the healthcare value that Walgreens still can deliver without Express Scripts.

DEERFIELD, Ill. — Walgreens on Wednesday directly appealed to benefit consultants with a letter apprising them of the chain’s withdrawal from Express Scripts’ pharmacy provider network, effective Jan. 1, 2012, and educating those consultants of the healthcare value that Walgreens still can deliver without Express Scripts.

June 23, 2011

Walgreens CFO Wade Miquelon said that the chain's decision to break its ties with pharmacy benefit manager Express Scripts was the best decision, according to a Reuters report.

NANTUCKET, Mass. — Walgreens CFO Wade Miquelon said that the chain's decision to break its ties with pharmacy benefit manager Express Scripts was the best decision, according to a Reuters report.

Caling it a "principled stand," Miquelon, who spoke at the Jefferies 2011 Global Consumer Conference in Nantucket, Mass., on Thursday, said that "under any scenario of what Express Scripts is proposing ... it's much better for us to go it alone," Reuters reported.

June 22, 2011

Rep. Tom Marino, R-Pa., on Monday propositioned a bill that would allow independent drug stores to band together in an effort to increase their collective pharmaceutical buying power.

KINGSTON, Pa. — Rep. Tom Marino, R-Pa., on Monday propositioned a bill that would allow independent drug stores to band together in an effort to increase their collective pharmaceutical buying power.

June 22, 2011

After Walgreens made its contract dispute with Express Scripts public on Tuesday morning, the pharmacy benefit manager stated it is open to continued negotiations with Walgreens.

ST. LOUIS — After Walgreens made its contract dispute with Express Scripts public on Tuesday morning, the pharmacy benefit manager stated it is open to continued negotiations with Walgreens.