Business Services Industry
PBM deal might cut prices. (proposed merger of Express Scripts Inc. and ValueRx)
Business Insurance, March, 1998 by Kazel, Robert
ST. LOUIS - Lower prescription drug prices for employers could result from the planned merger of Express Scripts Inc. and ValueRx, company executives and consultants say. ValueRx's customer base, dominated by large employer groups and insurers, also will complement Express Scripts' base of managed care companies and third-party administrators, industry watchers say.
Employers also might see improvements in clinical studies and better disease management programs, sources say. What won't change is that the newly merged company will continue to market itself as an alternative to pharmaceutical manufacturer-owned PBMs - but this time as an entity with considerably more clout. St. Louis-based Express Scripts and Plymouth, Minn.-based ValueRx, the two largest...
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