Walgreens-OptumRx Alliance Hits Express Scripts Stock

Walgreens Boots Alliance (WBA) will use UnitedHealth (UNH) OptumRx for its pharmacy benefit needs, which could save companies and consumers billions.

The pact likely negates the need for Walgreens making an expensive purchase of a large pharmacy benefit manager (PBM) like Express Scripts (ESRX), as some on Wall Street had speculated.

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