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Jim Chanos just slammed 2 pharma companies in a presentation about their ‘murky alliance’
|05/18/2017||Posted by BusinessMediaguide.Com under General World News||
Jim Chanos just presented his short thesis for Mallinckrodt Pharmaceuticals, a company that generates most of its revenue from one drug — Acthar.
At the same time, he slammed the company that exclusively distributes Acthar for Mallinckrodt, Express Scripts.
Express Scripts is a pharmacy benefit manager, which means it acts as the gatekeeper between drug companies and payers.
“This alliance may lead to performance enhancing drug prices,” Chanos said, “but it could give investors the blues.”
That is because the Centers of Medicare and Medicaid have noticed that Acthar is the most expensive drugs it pays for. Acthar was the only non-life saving drug read more >>>