ST. LOUIS, May 18, 2017 /PRNewswire/ -- Express Scripts
Holding Company (NASDAQ: ESRX), through a wholly owned subsidiary,
Innovative Product Alignment, LLC, today announced it will
participate in Walgreens Boots Alliance Development GmbH (WBAD)
group purchasing organization. In addition, Econdisc Contracting
Solutions, a group purchasing organization that contracts with
manufacturers to source generic pharmaceuticals on behalf of its
participants, will have access to WBAD's sourcing efforts through
an arrangement between Econdisc and Innovative Product Alignment.
These two organizations will immediately begin developing a
transition plan to maximize supply chain efficiencies.
WBAD, based in Bern,
Switzerland, is a global group purchasing organization that
sources and contracts generic pharmaceuticals on behalf of its
members. With Innovative as a member, WBAD will continue its
ongoing efforts to reduce complexity in the global supply chain,
both on behalf of its members as well as its manufacturing
partners, in order to keep costs lower for patients and
clients.
"The agreement between Innovative Product Alignment and WBAD
will improve supply chain efficiency and advance our ability to
help reduce generic prescription drug prices for patients," said
Express Scripts President and CEO Tim
Wentworth. "Our independent model gives us the flexibility
to partner with companies like WBAD to make medicine more
affordable and accessible. Econdisc is already extremely
competitive today. By gaining access to WBAD through Innovative, we
will be better positioned for the future."
About Express Scripts
Express Scripts puts medicine within reach of tens of millions
of people by aligning with plan sponsors, taking bold action and
delivering patient-centered care to make better health more
affordable and accessible.
Headquartered in St. Louis,
Express Scripts provides integrated pharmacy benefit management
services, including network-pharmacy claims processing, home
delivery pharmacy care, specialty pharmacy care, specialty benefit
management, benefit-design consultation, drug utilization review,
formulary management, and medical and drug data analysis
services. Express Scripts also distributes a full range of
biopharmaceutical products and provides extensive cost-management
and patient-care services.
For more information, visit Lab.Express-Scripts.com or follow
@ExpressScripts on Twitter.
Media Contact:
Phil
Blando
pjblando@express-scripts.com
202-258-4978
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SOURCE Express Scripts