Five states are considering whether they will sue to challenge Express Scripts Inc.’s bid for Medco Health Solutions Inc. if federal antitrust regulators approve the deal, two people familiar with the matter said.
Medtronic Inc. , the world’s largest medical device maker, said it received a warning letter from U.S. regulators about reporting requirements and handling of complaints at its Louisville, Colorado, plant.
Suffering from an aching back, truck driver Mikel Hehn went to see surgeon Jeffrey Gerdes in 2008. The St. Cloud, Minnesota, doctor diagnosed spinal disc degeneration, commonly treated with physical therapy, and said surgery wasn’t called for.
Express Scripts Inc.’s bid for Medco Health Solutions Inc. should be approved by U.S. antitrust regulators only if the combined company allows customers to buy specialty drugs at pharmacies that compete with their own, a lawyer for independent rivals said.
Walgreen Co. is willing to resume selling prescriptions to Express Scripts Inc. customers after the end of their contract Dec. 31 forced millions of consumers to switch pharmacies, Walgreen’s pharmacy-services chief said.
Medco Health Solutions Inc. fell the most in almost six months after Reuters reported that “key people” at the U.S. Federal Trade Commission are seeking to stop the company’s proposed $29.1 billion acquisition by rival pharmacy benefits company Express Scripts Inc.