Drugstores step up pressure on Express Scripts deal

March 30--Lawyers for drugstore chains, supermarkets and discount stores asked a U.S. District Court judge in Pittsburgh, Pa., on Friday to issue a temporary order that would prohibit Express Scripts Inc. from closing its deal to purchase Medco Health Solutions Inc. In their request for a temporary...

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Bibliographic Details
Published inMcClatchy - Tribune Business News
Main Author Doyle, Jim
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 30.03.2012
Subjects
Antitrust
Attorneys
Drug prices
Drug stores
Litigation
Pharmacy benefit management
Prescription drugs
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Summary:March 30--Lawyers for drugstore chains, supermarkets and discount stores asked a U.S. District Court judge in Pittsburgh, Pa., on Friday to issue a temporary order that would prohibit Express Scripts Inc. from closing its deal to purchase Medco Health Solutions Inc. In their request for a temporary restraining order, lawyers for the National Association of Chain Drugstores, the National Association of Community Pharmacists, and nine pharmacy companies argued that the $29 billion merger should be halted on antitrust grounds because it would result in higher prescription drug prices and fewer drug choices for consumers.