Chairman And Chief Executive David Snow – Sections
10 months ago Admin 0
While providing drug benefits to about ‘onefifth’ of the population, is receiving a boost from the large number of patent expirations now taking place, The nation’s biggest ‘stand alone’ pharmacy benefit manager.
In its favor are the rise in ‘mail order’ pharmaceuticals and the prospect of more Americans qualifying for health certificate coverage. So, this helps it lower prescription costs by encouraging its members to switch to less expensive drugs similar to generics.
Accordingly the industrywide move toward greater cost containment is taking its toll, as large customers drive harder bargains and competitors cut rates to gain market share. While, Medco Health lutions shares are down nearly 20percent this year. There is also the threat of tougher regulation that could affect pricing and financial reporting requirements, in addition to the ongoing threat of litigation.
While expanding into genetic testing and consulting, with government and companies seeking better ways to assess costs and advantages of various medicines, Medco is.
Headtohead research on drugs is expected to become more commonplace and the results closely monitored. Medco, of Franklin Lakes, has paid 280 million in revenue this year. Fact, bethesda.
While consisting of 14 strong buys, 14 buys and five holds, in line with Thomson Reuters, the consensus Wall Street rating of discounted Medco shares is buy. Medco, that administered about 900 million prescriptions last year, is in excellent financial health that could facilitate acquisitions. Chairman and Chief Executive David Snow, who joined the company in 2003, has more than three experience decades in the industry.
Earnings are expected to increase 19percent this year and 17 next year.
Medco contract expires in two years. The five year annualized return is projected to be 17. Such industry shifts are a concern with other customers as well. So, it’s noteworthy that Medco’s biggest customer, UnitedHealth Group Inc.
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