pharmacy benefit managers

Anthem Inc (NYSE: ANTM) announced Wednesday its plans to launch an internal pharmacy-benefit manager at the 2019 expiration of its Express Scripts Holding Company (NASDAQ: ESRX) contract. The new unit, IngenioRx, will debut in 2020 through CVS Health Corp (NYSE: CVS) and is expected to yield more...

In a note published on Tuesday, Height Securities said it anticipates close scrutiny of DIR issues by policymakers would serve as an additional headwind for Pharmacy Benefit Managers, or PBMs. PBMs are intermediaries between insurance companies, pharmacies and manufacturers, working toward reducing...

Citron Research activist short seller and newsletter author Andrew Left has earned a reputation for accusing companies of fraud and deception and profiting off of their downfall. Left famously called out Valeant Pharmaceuticals Intl Inc (NYSE: VRX) in 2015 for its shady dealings with Philidor Rx...

Notwithstanding the broader market rally, pharmacy benefit managers, or PBMs, saw weakness on Wednesday amid fears that President Donald Trump has his eyes trained on this space. The reason? Trump is apparently suspecting these companies are colluding with drug manufacturers in jacking up prices...

Shares of CVS Health Corp (NYSE: CVS) and Express Scripts Holding Company (NASDAQ: ESRX) spiked down Wednesday on fears that President Donald Trump may target pharmacy benefit managers (PBMs) for their role in inflating drug prices. Responding to numerous inbound calls, a note from Height...