Express Scripts-Anthem Split Could Signal Positive Trend For Biopharma

26 Apr 2017

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?

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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...