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The Byzantine Business of PBMs is Shifting

August 10, 2016

We just published a new Tear Sheet and valuation for Pharmacy Benefits Management PBM giant Express Scripts (ESRX) to IOI Members. Here are the highlights. The PBM business is an artifact of an opaque, Byzantine system of drug pricing in the U.S. and the relationships between drug manufacturers, PBMs and clients is phenomenally complex and interwoven. Express …

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