PlanetRx Plans To Fill All Express Scripts Internet Rxs In Its Own Facility
PlanetRx.com's revenues from its Express Scripts partnership will rise as the online pharmacy takes over the filling of Internet prescriptions from the pharmacy benefits manager, the company indicated during a Jan. 25 conference call.
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PlanetRx.com's prescription management agreement with Internet technology firm AHT Corporation will soon allow healthcare providers to write and transmit prescriptions electronically to the PlanetRx.com website, the online pharmacy announced in its third quarter earnings report.
Express Scripts is acquiring 19.9% of the online pharmacy PlanetRx.com in exchange for access to the PBM's customer base and third-party contracts. Express Scripts is not using cash or stock to pay for its investment in PlanetRx.