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CORRECTED-UPDATE 2-CVS to buy pharmacy services provider Omnicare for $10.1 bln

*Deal values Omnicare at $12.7 bln, including $2.3 bln debt. May 21- CVS Health Corp, the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc for $10.1 billion to expand in the growing market serving the senior patient population. CVS offered $98 per Omnicare share, representing a premium of 4 percent to...
Source: Reuters
Endo buying Par for $8B in push for generics, higher profit

TRENTON, N.J.- Drugmaker Endo International PLC is climbing toward the top of the steadily consolidating generic medicine business with a deal to buy Par Pharmaceutical Holdings Inc. for about $8.05 billion. In the U.S., that includes the biggest health insurers and two pharmacy benefit managers, Express Scripts Holding Co. and CVS Health Corp. In other...
Source: The Associated Press
How much do Americans spend on drugs?  

A new report says the number of Americans being billed more than $100,000 a year for their prescriptions has tripled in the past year. CNBC's Meg Tirrell breaks down the report, saying slightly more than half of the spenders were men.
Source: CNBC.com
Drug 'super spenders' rack up $52 billion last year  

The number of Americans spending more than $100,000 on medicine nearly tripled in 2014 compared to the prior year.
Source: CNBC.com
Your prescriptions costs what?  

CNBC's Meg Tirrell takes a look at the soaring prices of some drugs and what is driving costs higher.
Source: CNBC.com
Number of Americans using $100,000 in medicines triples -Express Scripts

May 13- More than a half-million U.S. patients had medication costs in excess of $50,000 in 2014, an increase of 63 percent from the prior year, as doctors prescribed more expensive specialty drugs for diseases such as cancer and hepatitis C, according to an Express Scripts report released on Wednesday. The total cost to health plans for U.S. patients with...
Source: Reuters | By: Bill Berkrot
500,000 Americans spend $50K on medicine each year

More than half a million Americans have annual prescription drug costs of more than $50,000, according to a study by pharmacy benefits manager Express Scripts.
Source: CNBC.com | By: Meg Tirrell
Spending on this type of meds hit a new milestone

Spending on cancer drugs is up more than 10 percent from 2013 and up from $75 billion five years earlier, according to a new report.
Source: CNBC.com | By: Meg Tirrell
UPDATE 1-Express Scripts unit to pay $60 mln over Novartis kickbacks, US says

NEW YORK, May 1- U.S. authorities said on Friday that a unit of Express Scripts Holding Co will pay $60 million to resolve claims that it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements. Specialty pharmacy Accredo Health Group Inc has agreed to pay $45.1 million to the federal government...
Source: Reuters | By: Nate Raymond
Express Scripts unit to pay $45 million to U.S. over Novartis kickback scheme

NEW YORK, May 1- A unit of pharmacy benefits manager Express Scripts Holding Co will pay $45 million to resolve U.S. claims it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements. The settlement with specialty pharmacy Accredo Health Group Inc was disclosed in court papers filed Thursday in...
Source: Reuters | By: Nate Raymond