Top of the morning to you. Another busy day is unfolding here on the Pharmalot campus, where we are mulling over our cluttered calendar and plotting our next moves. No doubt, you can relate. After all, this is only the middle of the week and there is so much to be done. This calls, as you may imagine, for a hot cup of stimulation. We are sticking with the seasonal pumpkin spice for now, by the way. Feel free to join us. Meanwhile, here are some tidbits. The world is a busy place, yes? Hope you make your way today …
Anthem (ANTM), which is one of the nation’s largest health insurers, will create a new pharmacy benefit manager called IngenioRx in 2020, which is when its contract with Express Scripts (ESRX), the biggest PBM, will expire. Anthem has been feuding with Express Scripts for allegedly failing to pass along rebates negotiated with drug makers. Anthem has signed a five-year agreement with CVS Health (CVS), which also runs the drugstore chain and a PBM, to help manage the new business.
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