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Summary Box: Walgreen, Express Scripts in dispute

Tue, 06/21/2011 - 9:45am
The Associated Press

THE BREAKUP: Walgreen Co. said Tuesday it will stop filling prescriptions handled by Express Scripts Inc., one of the largest U.S. pharmacy benefits management companies, on Jan. 1.

THE ARGUMENT: Walgreen said Express Scripts wants to cut the amount it pays Walgreen to fill prescriptions and wants too much control over other aspects of their relationship.

THE RERUN?: If Walgreen doesn't reach a new deal with Express Scripts, it could give up $5.3 billion in annual revenue. Walgreen reached a similar impasse with CVS Caremark Corp. last year, but the companies eventually settled their differences.

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