News Summary: Express Scripts details 1Q growth

AP News
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Posted: May 11, 2012 1:57 PM
News Summary: Express Scripts details 1Q growth

MORE 'SCRIPTS: Pharmacy benefits manager Express Scripts Holding Co. says adjusted prescriptions totaled nearly 193 million in its first quarter, up 3.6 percent compared to last year. That figure treats 90-day mail-order prescriptions as three regular, 30-day prescriptions.

THE QUARTER: Overall, Express Scripts earnings fell 18 percent compared to last year's first quarter. It earned $267.8 million, or 55 cents per share, as revenue climbed 9 percent to $12.13 billion.

ABOUT PBMs: Pharmacy benefits managers, or PBMs, run prescription drug plans for employers, insurers and other customers. They process mail-order prescriptions and handle bills for prescriptions filled at retail pharmacies.