Category: Pharma, Life Sciences

FTC says top three PBMs made $7.3 billion from marked up drug prices

The “Big 3” pharmacy benefit managers – CVS Caremark, Express Scripts and OptumRx – mark up specialty drugs at their affiliated pharmacies by hundreds or even thousands of percent, according to a new interim staff report from the Federal Trade Commissi…

Aetna sues drugmakers over alleged price fixing

Health insurer Aetna has filed a lawsuit against several drug companies, including Pfizer, Novartis and Teva Pharmaceuticals, for allegedly fixing the prices of 111 generic medications and monopolizing and restraining trade.

CVS Health makes pharmacy leadership appointments

CVS Health has announced a couple of new leadership appointments in its pharmacy division, with Len Shankman being appointed the new president of Pharmacy and Consumer Wellness (PCW), while Lucille Accetta will take over the role of chief pharmacy offi…

CerpassRx, Waltz team on AI platform to manage specialty drug spend

Independent pharmacy benefit manager CerpassRx is looking to better manage specialty drug spend by teaming up with Waltz Health on an artificial intelligence-powered platform called Intelligent Specialty Engine.
The idea is that the approach, which inc…

Waltz Health tackling GLP-1 management with Noom

Waltz Health, a digital health company focusing on the pricing and distribution of prescription medications, is collaborating with digital chronic disease prevention company Noom on a new weight loss program the two describe as comprehensive and more a…

Waltz Health turns focus to specialty medication coverage

Waltz Health, a digital health company focused on prescription care, has rolled out Waltz Connect, a new end-to-end offering that manages all aspects of a payer’s specialty medication coverage.
It includes proprietary technology, patient engagement sup…