Walgreens Rx Share Growth Outpaces Mail; Strong Pharmacy Sales Continue
This article was originally published in The Pink Sheet Daily
Pharmacy sales grew 19% during the quarter and the company now represents 13% of the total retail market. Walgreens maintains that it has plenty of growth left.
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Advantage90 is attractive to pharmacy benefit managers because it is less costly than mail order programs, Walgreens says. Average price of a 90-day script filled at retail is $20 less than the pharmacy chain’s average price for a mail order prescription.
In sign of how much has changed in four years, industry might be better off if Biden takes CAP’s advice and launches ‘march-in’ actions to address pricing of COVID products.