Pharmacy Benefit Managers (PBMs)

CVS Aims to Bring More Biosimilars to Market with Launch of Cordavis Subsidiary

CVS Health has launched a new segment that aims to work with drugmakers to bring additional biosimilars to market. The new, wholly owned subsidiary, called Cordavis, aims to develop a biosimilar portfolio with the goal of expanding access to these drugs across the country. Increased uptake of biosimilars can drive down costs of pricey brand …

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Tabula Rasa and ExactCare to Combine to Create a Leading, Independent Pharmacy Care Management Company

Tabula Rasa HealthCare, Inc.® (“TRHC,” “Tabula Rasa” or the “Company”) (NASDAQ: TRHC), a leading healthcare company advancing personalized, comprehensive care for value-based care organizations, announces it has entered into a definitive agreement (the “Agreement”) to be acquired by Nautic Partners (“Nautic”) for $10.50 in cash per share and will combine with ExactCare Pharmacy (“ExactCare”), a …

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Prime Therapeutics Closes $1.35B Magellan Rx Acquisition

Leading pharmacy benefit manager (PBM) Prime Therapeutics LLC (Prime) today finalized the previously announced acquisition of Magellan Rx Management, (Magellan Rx), the pharmacy division of Magellan Health, from Centene Corporation. The agreement unites Prime’s strong foundation of pharmacy benefit management (PBM) capabilities with Magellan Rx’s industry-leading total specialty drug management expertise to create a diversified …

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AMA Report Examines PBM and Insurer Market Consolidation

There’s a widespread lack of competition in local markets across the United States where pharmacy benefit managers provide services to commercial health insurers, according to a new analysis by the American Medical Association. The analysis of competition in commercial PBM service markets adds to the AMA’s work to shine a light on market consolidation in …

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