Friday, July 24, 2015
Barely two months after LabCorp finalized its acquisition of Covance, Quintiles has signed a broad agreement with Quest Diagnostics to form a joint venture creating one of the world’s largest central laboratory services companies. The two high-profile central lab-CRO combinations raise the question of whether more such mergers and partnerships will follow.
New hepatitis C therapies with high price tags and the exploitation of loopholes for compounded medications drove a 13.1% increase in U.S. drug spending in 2014—a rate not seen in more than a decade—according to new data released in the 2014 Express Scripts Drug Trend Report. Headquartered in St. Louis, Mo., Express Scripts provides integrated pharmacy-benefit management services.