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These relate to different areas of PBM practice from managing reimbursement rates to increasing transparency about PBM business practices. In a 2022 web search conducted by Mattingly et al. it was found that "A total of 45 states implemented policies on pharmacy operations, 41 states on pricing and reimbursement , 36 states on licensure and ...
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2] Express Scripts had 2016 revenues of $100.752 billion. [2]
AllianceRx is the combined entity that Walgreens and its then-partner and PBM Prime Therapeutics formed in 2017 that will merge into the new business unit in August.
2021: In March, the company announced it would acquire Five Prime Therapeutics and its lead candidate, bemarituzumab, for $1.9 billion. [94] [95] [96] In the same month, Amgen acquired Rodeo Therapeutics for $720 million. [97] [98] The FDA approved Amgen's Lumakras in May for treatment of patients with KRAS-G12C-mutated non-small cell lung ...
These brand product categories, where drug manufacturers set high prices, are the primary source of rising drug costs for employers and consumers, the groups we support every day.
Caremark International was founded in 1979 in Newport Beach, California as a provider of specialized medical services and products to chronically ill patients at home. [5] It also operated the second largest mail-order pharmacy benefit management (PBM) business in country. [6]
Medco was a member of the S&P 500 and ranked number 34 on the 2011 Fortune 500 list, [1] with 2011 revenues of more than $70 billion. [2] From 2008 to 2012, the company was ranked first on Fortune magazine's World's Most Admired Companies list in the Healthcare: Pharmacy and Other Services category.
Catamaran Corporation (formerly SXC Health Solutions) is the former name of a company that now operates within UnitedHealth Group's OptumRX division (since July 2015). It sells pharmacy benefit management and medical record keeping services to businesses in the United States [3] and to a broad client portfolio, including health plans and employers. [4]