Michigan v. Express Scripts, Inc. et al.
Michigan brought suit against two pharmacy benefit managers (“PBMs”), Express Scripts, Inc. (“ESI”) and Prime Therapeutics, alleging that the companies entered into an illegal horizontal price-fixing agreement. PBMs’ clients are third-party payors, such as private insurance companies and large employers, that offer pharmaceutical benefits to their members. As part of the services PBMs offer to…
District of Columbia v. CVS Corporation et al. (not reported)
The District of Columbia sought injunctive relief, alleging that CVS illegally acquired market power when it purchased Anchor Pharmacy’s customer prescription lists (as well as certain other assets) and secured Anchor’s agreement to exit the market. The District also alleged that, by virtue of the acquisition, CVS monopolized, or attempted to monopolize, the local pharmacy market.
