Page 18 - Express Scripts News Today

Health insurer Cigna Group is in exclusive talks to sell its Medicare Advantage business to Health Care Service Corp (HCSC) in a deal that could value the unit between $3

(Reuters) - Health insurer Cigna Group is in exclusive talks to sell its Medicare Advantage business to Health Care Service Corp for between $3 billio...

To prevent drug shortages, protect generic drug manufacturers

CVS Health said on Wednesday it will remove AbbVie’s blockbuster rheumatoid arthritis drug Humira from some of its lists of preferred drugs for reimbursement as of April 1, and will recommend...

CVS Health said on Wednesday it will remove AbbVie’s blockbuster rheumatoid arthritis drug Humira from some of its lists of preferred drugs for reimbursement as of April 1, and will recommend biosimilar versions of the medicine instead. CVS said Hyrimoz and an unbranded version of Humira, both from Swiss drugmaker Sandoz, will be covered across all its formularies, while branded and unbranded near copies of the drug from India's Biocon will be covered on some reimbursement lists. ...

The pharmacy chain Walgreens Boots Alliance is going to end the year as the worst performer on the Dow Jones Industrial Average.

But Washington should prepare now for the next major merger announcement

NEW YORK — At one of the few chain pharmacies still open in the South Bronx — a Rite Aid on Southern Boulevard — just about everything except for the greeting cards is behind plexiglass barriers and sealed with a lock. The Kit Kats. The Pringles. The soda. The dog toys. Yet near a subway station on that same bustling shopping street, four mom-and-pop pharmacies are doing brisk business. Their unlocked shelves are filled with merchandise. The pharmacist and technicians are on...

Some small independent pharmacies in the city are benefiting from a decline in chain stores. But theft and low reimbursement rates are still making life hard.

The health-care sector has seen a big rebound this month, and analysts say some beaten-down names will continue to have positive momentum in 2024.