Though President Trump vowed to "eliminate the middlemen," pharmacy benefit managers (PBMs) saw the White House’s drug pricing blueprint as an endorsement of at least some of the private sector policy agenda.
Cigna CEO David Cordani said investors should expect consistent earnings growth like the insurer reported Thursday once Express Scripts is part of the company.
The share specialty drugs have of total U.S. pharmaceutical sales nears 50% as President Trump prepares to unveil proposals to curtail drug prices.
Regeneron and Sanofi are cutting the price they charge pharmacy benefit manager Express Scripts for their cholesterol medicine, Praluent. In return, Express Scripts will remove almost all restrictions on the medicine, and make it cheaper for patients.
Rite Aid sees a future to grow its EnvisionRx pharmacy benefit manager selling services to “mid-sized” companies and employer clients.