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The biggest middleman in the prescription drug supply chain now makes drugs

May 14, 2024
With pharmaceutical mergers more common, the FTC is taking a hard look at pharmacy benefit managers and antitrust concerns.
In 2023, CVS founded Cordavis, a wholly owned subsidiary of CVS Health, to manufacture biosimilar prescription drugs.
Brendan Smialowski/AFP via Getty Images

Cigna’s purchase of Express Scripts: Drug price relief ahead?

Mar 8, 2018
Health insurance giant Cigna announced its intent Thursday to buy Express Scripts, a company that negotiates prescription drug deals on behalf of insurers and large employers. This merger comes on the heels of the CVS-Aetna deal late last year, which is also, in part, a marriage between an insurer and a pharmacy benefit manager – […]