Tag Archives: esrx

Horizon Slams Express Scripts Amid Pharmacy Dispute

Specialty drugmaker Horizon Pharma (HZNP) fell sharply in early trading Wednesday after pharmacy benefit manager Express Scripts (ESRX) sued it for allegedly unpaid rebates and cut a specialty pharmacy Horizon had been using out of its network. Express Scripts had been reviewing what it calls “captive” specialty pharmacies ever since allegations of misconduct emerged last month against Philidor, a specialty pharmacy whose sole customer was Valeant

Valeant Hit As CVS, Express Scripts Dump Philidor

CVS Health (CVS) and Express Scripts (ESRX), the nation’s two largest pharmacy benefit managers, axed the Valeant Pharmaceuticals (VRX)-linked Philidor Rx Services from their networks. Valeant shares plunged 12.2% to 97.94 in after-hours trading on the stock market today. The drugmaker has been hit by questions about its drug-pricing methods as well as its accounting and business practices. Its stock has plunged 63% since hitting an all-time

Regeneron, Amgen Up As PCSK9s Gain Key Coverage

Big biotechs Amgen (AMGN) and Regeneron Pharmaceuticals (REGN) were trading up Wednesday morning after pharmacy-benefit manager Express Scripts (ESRX) said late Tuesday that it will include both their new cholesterol-busting drugs on its 2016 preferred formulary. Express Scripts had long been saying it would make an effort to keep down the prices of Amgen’s Repatha and Regeneron’s Praluent, both of which are PCSK9 inhibitors that launched this