Walgreens And Prime Therapeutics To Combine Mail-Order Pharmacy, Specialty Drug Business
A partnership with the pharmacy benefits manager will gain the drugstore chain a greater share of the prescription drug market and position Walgreens to better compete with CVS.
The Wall Street Journal:
Walgreens Forms Alliance With Prime Therapeutics
Walgreens Boots Alliance Inc. has struck a partnership with Prime Therapeutics to help it capture a greater share of the prescription-drug market and better compete with CVS Health Inc. On Monday, Walgreens announced it is partnering with Prime, a St. Paul, Minn.-based pharmacy benefit manager owned by 14 leading Blue Cross and Blue Shield health plans. The two companies will combine their specialty and mail-service businesses, and Walgreens will become the preferred pharmacy where Prime’s members could pay less to fill their prescriptions. (Ziobro and Stynes, 8/29)
The Star Tribune:
Prime Therapeutics, Walgreens To Form Pharmacy Alliance
Eagan-based Prime Therapeutics has formed a strategic alliance with drugstore giant Walgreens that would combine the companies' specialty and mail-order pharmacy businesses. In addition, health plan subscribers with pharmacy benefits managed by Prime Therapeutics would have preferred access to Walgreens pharmacies as part of the agreement announced Monday. (Snowbeck, 8/29)