Walgreens And Express Scripts Make Up, But Will Trend Toward Narrower Networks Change?
This article was originally published in The Pink Sheet Daily
The drug store chain and the PBM resolve their costly contract dispute, saying Walgreens will rejoin Express Scripts’ pharmacy network Sept. 15. Walgreens’ 7,900 stores will participate in the “broadest” Express Scripts retail pharmacy network available to new and existing clients.
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The FTC voted in a split 3-1 vote to close its investigation and allow Express Scripts’ $29.1 billion acquisition of rival PBM Medco to proceed.
The contracting dispute between the drug chain and PBM may also presage tougher negotiations ahead for biopharmaceutical companies, particularly if Express Scripts is successful in its bid to acquire rival PBM Medco.
Lilly wants White House Office of Management and Budget to delay final rule until there are regulatory controls against duplicate and diverted discounts. OMB has also held three meetings over past few months with organizations representing 340B providers.