FTC Requests Information from Group Purchasers in PBM Probe

During its ongoing probe into the pharmacy benefit manager (PBM) industry, the US Federal Trade Commission (FTC) requested information regarding two group purchasing organizations, which negotiate discounts for PBMs. The two companies included Zinc Health and Ascent Health Services, adding to the growing list of companies interrogated in the probe.

According to Reuters, “Zinc Health negotiates rebates for CVS Health Corp (CVS.N) and Ascent Health for Cigna Group’s (CI.N) Express Scripts unit and Prime Therapeutics, which is a privately held PBM, the FTC said on Wednesday.”

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(Source: Reuters, May 17^th, 2023)