Walgreens Tries To Counter Ongoing Sales Slide With Purchase Of 144-Store Chain
This article was originally published in The Pink Sheet Daily
Executive Summary
Walgreens announces planned acquisition of Stephen L. LaFrance Holdings drugstores in tandem with reporting a large drop in June’s same-store sales. Impact of losing Express Scripts’ business continues to be acute.
You may also be interested in...
Express Scripts Dispute With Walgreens Spotlights PBMs’ Thirst For Deeper Discounts
The contracting dispute between the drug chain and PBM may also presage tougher negotiations ahead for biopharmaceutical companies, particularly if Express Scripts is successful in its bid to acquire rival PBM Medco.
GSK's Nucala Is Significantly Overpriced, ICER Draft Report Finds
New biologic for severe asthma doesn't stack up well to standard of care on generally accepted levels of cost per quality-adjusted life year.
Deal Watch: Sanofi, Boehringer Swap Side Businesses
Busy week for AstraZeneca sees buyout of Acerta and acquisition of remaining Daliresp/Daxas worldwide rights from Takeda. Amgen and GSK undo their cancer drug alliances from 2009 and 2010, with all rights reverting to the big biotech.