Express Scripts sues FTC over drug pricing report [CNBC]
The Cigna Group (CI)
Last the cigna group earnings: 4/30 06:00 am
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Source: CNBC
the report's conclusion that the prescription middlemen raise drug costs defamatory. The lawsuit asks a federal judge in St. Louis, Missouri to order the FTC to take the report down and recuse Chair Lina Khan from any actions pertaining to the company, which is owned by Cigna Corp The FTC said in the July report that market consolidation has led to PBMs favoring their own affiliated businesses, which creates conflicts of interest that prevent smaller independent pharmacies from staying competitive by steering patients away from them. The report leans heavily on public comments and ignores reams of evidence the PBMs provided, Express Scripts said in its lawsuit. The report has led to lawsuits against the company and probes by state regulators and federal lawmakers, it said. “The Commission was intended to be a bipartisan defender of consumers and fair competition, not an ideological pawn driven by political winds and special interests,” the company said. “The FTC stands by ou
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News
- US Federal Trade Commission Sues CVS Health, Cigna, UnitedHealth's Pharmacy Benefit Managers For Inflating Insulin Prices [Yahoo! Finance]Yahoo! Finance
- Express Scripts Comments on FTC's Reckless Insulin ActionPR Newswire
- The Cigna Group and Business Roundtable Host Workforce Mental Health SummitPR Newswire
- The Cigna Group (NYSE: CI) had its price target raised by analysts at Jefferies Financial Group Inc. from $402.00 to $422.00. They now have a "buy" rating on the stock.MarketBeat
- Express Scripts sues FTC over drug pricing report, court documents show [Yahoo! Finance]Yahoo! Finance
CI
Earnings
- 8/1/24 - Beat
CI
Sec Filings
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- CI's page on the SEC website