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Express Scripts-Anthem Split Could Signal Positive Trend For Biopharma

 
• By Cathy Kelly

Express Scripts is losing its biggest customer, which could be a sign that plan sponsors are looking for more control over their pharmacy spending -- bad news for the big PBMs but good news for biopharma?

group of businessman in black suit and holding red arrow down graph

Pharmacy benefit manager Express Scripts Holding Co.'sannouncement that it is likely to lose its largest client, national insurer Anthem Inc., after 2019 may signal a crack in the market share dominance of the major PBMs, which could lead to more contracting leverage for biopharma.

The development indicates a broader interest among health plans and employers to reduce their reliance on the big PBMs, which...

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