Hints and tips:
...But Medco is expensive and risky too, albeit easier for Novartis to digest. Mr Narasimhan’s bet is that Inclisiran, Medco’s cholesterol-squasher, has a bigger market than sceptics forecast....
...This week’s $9.7bn offer from Novartis catapulted shares in US biotech Medco to nearly four times their value a year ago. For early investors, it was a reward for patience....
...Six years earlier, Mr Cowie had been involved in the $29bn sale of Medco to Express Scripts....
...Today owner Gannett (FT + Lex) German watchdog deals new blow to Alstom-Siemens rail tie-up (FT) New Look seeks to slash long-term debt in turnround plan (FT) Ophir rejects overtures from Indonesia’s Medco...
...Medco, for example, used to be part of Merck. But because Medco might have been perceived to favour Merck treatments, it was spun off. That type of “channel conflict” has become a recurring theme....
...PBMs, by administering drug plans for multiple health insurers, negotiate cheaper prices from Big Pharma....
...Medco clients were never prevented from filling prescriptions at Walgreens, but analysts speculated that could have happened soon....
...In July 2011, Express Scripts, the third-largest player in the industry, said it would buy Medco Health Solutions, the second-largest, for $29.1bn....
...The deal comes two weeks after Express Scripts got approval from the US Federal Trade Commission to close its $29bn deal to acquire Medco Health Solutions....
...• Valerie Haertel has left Medco Health Solutions to join State Street Corporation as senior vice-president of investor relations....
...Express Scripts , the health benefits manager, climbed 2.4 per cent to $55.50 as the Federal Trade Commission approved its merger with rival Medco Health Solutions ....
...Just months later, however, the Federal Trade Commission (FTC) approved the $29bn merger of Express Scripts and Medco Health Solutions....
...Medco Health Solutions , the pharmacy benefits manager, rose 3.2 per cent to $71.22 after it said its $29.1bn takeover by rival Express Scripts might be completed as early as next week....
...Medco shares climbed 3.7 per cent to $66.52 as investors piled into options positions with a Federal Trade Commission decision on the company’s proposed acquisition by Express Scripts expected soon....
...In dollar terms, the US prescription drug market grew just 2 per cent in 2010, according to IMS Health....
...Express Scripts has agreed to buy Medco Health Solutions in a $29.1bn deal that will create the largest pharmacy benefits manager in the US, the FT reports....
...Pharmacy benefits manager Medco Health Solutions fell 6.3 per cent to $59.62 on reports the company’s acquisition by rival Express Scripts may be blocked....
...Express Scripts has agreed to buy Medco Health Solutions in a $29.1bn deal that will create the largest pharmacy benefits manager in the US, fuelling the debate around competition and costs in the country...
...However, Express Scripts controversial $29bn purchase of rival Medco will be considered by the FTC. Ms Varney bats away talk of friction between the bodies....
...In deals, Express Scripts agreed to a $71.36-a-share offer in cash and stock worth $29bn to buy Medco Health Solutions . Medco shares soared 22.1 per cent to $65.96....
...Express Scripts agreed to a $71.36-a-share offer in cash and stock to buy Medco Health Solutions in a deal that will make it the largest pharmacy benefits manager in the US....
...PBMs such as Caremark, Medco and Express Scripts negotiate bulk drug discounts and process payments on behalf of employers and insurance schemes....
...At worst, it may prompt large corporate customers to defect to rivals such as Medco and Express Scripts....
...Conventionally, large US employers employ a prescription benefit manager (PBM), such as Medco or Express Scripts, to negotiate discounts from manufacturers on their bulk prescription drug needs....
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