States, pharmacists scrutinize Express Scripts-Medco merger
More than 25 states and pharmacy groups are analyzing a proposed $22 billion merger between pharmacy benefit managers (PBMs) Express Scripts and Medco Health Solutions that they say could increase the companies dominance and aggression in the prescription drug market.
October 06, 2011 at 07:17 AM
2 minute read
The original version of this story was published on Law.com
More than 25 states and pharmacy groups are analyzing a proposed $22 billion merger between pharmacy benefit managers (PBMs) Express Scripts and Medco Health Solutions that they say could increase the companies' dominance and aggression in the prescription drug market.
Connecticut and Iowa are among the states concerned about the potentially anti-competitive effects of the merger, which was announced in July and would combine two of the country's three largest PBMs (the largest is CVS Caremark Corp.).
According to Reuters, the states' probe likely will further compel the Federal Trade Commission (FTC) to investigate Express Scripts' proposed acquisition of Medco.
Pharmacists have met with the FTC five times since the deal's announcement, voicing concerns that the merger will not only mean higher prices for consumers, but also fuel the PBMs' bullying tactics in persuading consumers to stop filling their prescriptions at local pharmacies and instead switch to mail-order prescriptions.
More than 25 states and pharmacy groups are analyzing a proposed $22 billion merger between pharmacy benefit managers (PBMs)
Connecticut and Iowa are among the states concerned about the potentially anti-competitive effects of the merger, which was announced in July and would combine two of the country's three largest PBMs (the largest is
According to Reuters, the states' probe likely will further compel the Federal Trade Commission (FTC) to investigate
Pharmacists have met with the FTC five times since the deal's announcement, voicing concerns that the merger will not only mean higher prices for consumers, but also fuel the PBMs' bullying tactics in persuading consumers to stop filling their prescriptions at local pharmacies and instead switch to mail-order prescriptions.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Khan Defends FTC Tenure, Does Not Address Post-Inauguration Plans
Best Practices for Adopting and Adapting to AI: Mitigating Risk in Light of Increasing Regulatory and Shareholder Scrutiny
7 minute read
Crypto Groups Sue IRS Over Decentralized Finance Reporting Rule
SEC Penalizes Wells Fargo, LPL Financial $900,000 Each for Inaccurate Trading Data
Trending Stories
- 1What Qualities Will Distinguish Good from Great Service In 2025?
- 2The Met Hires GC of Elite University as Next Legal Chief
- 3Not Here: Court Finds Texas Has No Jurisdiction Over Google
- 4Lawyer's Retirement Benefits Excluded From Marital Property
- 5'David and Goliath' Dispute Between Software Developers Ends in $24M Settlement
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
