Amazon is making noise in pharma these days — here’s what it could all mean
|09/21/2017||Posted by BusinessMediaguide.Com under General World News||
An investment bank’s report that Amazon is tip-toeing around the pharmacy space sent Wall Street scrambling to understand CEO Jeff Bezos’ next move.
Analysts at Leerink Partners wrote that Amazon may be in discussions with mid-sized pharmacy benefit managers “in an effort to get into various contract arrangements.”
Pharmacy benefit managers (PBMs) act as the gatekeeper between whoever is paying for your drug (Medicare, your insurer etc.) and whoever is selling the drug to you.
They manage lists called formularies that determine which drugs you can and cannot have. The companies first popped up in the 1960s to help insurers handle mountains read more >>>