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FDAnews Drug Daily Bulletin
April 12, 2012 | Vol. 9 No. 73
Express Scripts Judge Weighs Bid to Block Medco Purchase
A federal judge is considering a bid by pharmacy trade groups to halt Express Scripts’ $29.1 billion acquisition of Medco Health Solutions. U.S. District Judge Cathy Bissoon heard three hours of arguments in a lawsuit filed by the National Association of Chain Drug Stores, the National Community Pharmacists Association and independent pharmacies that claim the transaction approved by U.S. regulators violates antitrust laws because it will reduce competition and lead to less services available to retail pharmacy customers.
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