Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By



Executive Summary

Medco Containment Services sales increased 45% to $ 728.2 mil. for the fiscal year ended June 30. The mail-order prescription drug cost containment firm reported net earnings of $ 29 mil., up 34.4%. from FY 1988. Fourth quarter net income climbed 50.5% to $ 8 mil. on revenues of $ 206.1 mil., a 43.8% increase from the year-earlier period. At year-end, Medco was dispensing "more than 300,000" prescriptions per week through its eight National Rx Services mail-order pharmacy. In addition, Medco was processing "approximately 650,000" prescription drug claims per week through the company's claims processing system, the company said. Medco opened its eighth mail-service pharmacy in March in Mechanicsburg, Pennsylvania and expects to open a ninth facility in the current fiscal year. Medco's mail-order plan serves more than 660 client groups nationwide with 16.5 mil. eligible customers. A network of 54,000 retail pharmacies participate through its PAID Prescriptions program. Chart omitted.

You may also be interested in...

Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts