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Valeant pharmacy cut off by two largest pharmacy-benefit managers in U.S.
The two largest pharmacy-benefit managers in the U.S. said they’re ceasing work with a pharmacy used by Valeant Pharmaceuticals International Inc., dealing another blow to Valeant. VRX, -13.67% CVS Health Corp. CVS, -0.01% said it is terminating pharmacy Philidor Rx Services LLC from its network, after audits found the pharmacy wasn’t complying with terms of its agreement. Express Scripts Holding Co. ESRX, +1.82% released a similar statement about an hour later, saying it was cutting off Philidor and evaluating four additional pharmacies with which Valeant “has a similar relationship.” “We routinely monitor ... (full story)