Express Scripts

Express Scripts | August 02, 2016

For the third year in a row, Express Scripts unveiled a new national formulary excluding dozens of drugs. And for the third year in a row, a short list of winners and losers comprises some of Big Pharma’s biggest launches....

Express Scripts | March 21, 2016

Health insurer Anthem Inc. sued Express Scripts Holding Co. for about $15 billion in damages, alleging that the pharmacy-benefit manager violated their contract through excessive charges and failures in its operations.The lawsuit, filed on Monday in the U.S. District Court for the Southern District of New York, seeks damages tied to what Anthem said was Express Scripts’ unduly high pricing for drugs....

Express Scripts | January 13, 2016

Express Scripts Holding Co.sank in early trading Wednesday after health insurer Anthem Inc., its biggest client, threatened to ditch it for a competitor unless the pharmacy benefit manager can deliver $3 billion a year more in savings on drug costs.Losing Anthem would depose Express Scripts as the U.S.’s biggest manager of prescription drug benefits, and the threat sent the stock down 6.9 percent to $79.69 at the close in New York....

Express Scripts | April 14, 2016

This week, investors in pharmacy startup PillPack got an alarming email. “As some of you may know we are engaged in a battle with Express Scripts ESRX -1.90%, the largest Pharmacy Benefit Manager in the United States,” wrote PillPack cofounder and CEO TJ Parker. The scary part? Express Scripts manages benefits for 30% of PillPack’s customers–and it plans to throw the pharmacy out of its commercial network at the end of the month....