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CIGNA HAS MADE an offer to buy pharmacy-benefits manager Express Scripts, the last remaining large and independent PBM in the nation, in a deal whose total value is $69.6 billion. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Cigna to buy Express Scripts as health shakeout speeds up

NEW YORK – Cigna Corp. agreed to buy Express Scripts Holding Co. in an about $54 billion deal that builds on the rapid transformation...
CVS HEALTH'S pharmacy benefit management business came under fire, along with other PBMs, from the head of the Food and Drug Administration for holding drug prices artificially high. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

`Rigged’ system blocks use of lower-cost drugs, FDA chief says

WASHINGTON – A “rigged payment scheme” between drug plans, insurers and pharmaceutical companies has blocked access to less-expensive versions of some of the most costly drugs...
AN EMPLOYEE USES a machine that sorts pills. / BLOOMBERG FILE PHOTO/ANTOINE ANITONIOL

Drug prices become target for FDA as chief expands purview

NEW YORK - The head of the U.S. Food and Drug Administration is considering using the agency’s powers to bring more price competition to...
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