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The Wire

Medco and Coventry plan preventive care study

Medco Health Solutions Inc. and Coventry Health Care Inc. said Tuesday they will work together to see if they can reduce health care costs for senior citizens by addressing factors like home safety, diet and medication use.

Medco Health 3Q profit jumps 13.5 percent

Medco Health Solutions Inc., the largest U.S. pharmacy benefits manager, said Tuesday its profit rose 13.5 percent as the company gained new clients and benefited from price inflation of brand-name drugs.

Earnings Preview: Medco Health Solutions

Medco Health Solutions Inc., the largest U.S. pharmacy benefits manager, is scheduled to report its third-quarter results Tuesday morning. The following is a summary of key developments and analyst commentary for the period.

Medco plans to compare Plavix, Effient in study

Medco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world's second-best selling drug, with the newer Effient.

New clients and higher prices lift Medco 2Q profit

Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday new clients and higher prices for brand-name prescription drugs strengthened its second-quarter profit. The company raised its full-year forecast, and shares climbed to a new 52-week high.

US prescription drug use fell in 2008, study says

Prescription drug use in the U.S. fell last year, although total spending on drugs increased as prices rose sharply on brand-name products, pharmacy benefits manager Medco Health Solutions said Wednesday.

New clients, higher prices lift Medco 1Q profit

Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday new clients and increased use of higher-margin generic drugs boosted its profit in the first-quarter, with results exceeding Wall Street's expectations.

Medco 4Q profit rises on mail and generic demand

Pharmacy benefits manager Medco Health Solutions Inc. said Tuesday its fourth-quarter profit rose 32 percent as the deteriorating economy drove increased sales of generic and mail-order drugs as customers tried to save money.

Medco Health 3Q profit rises 38 pct, beats view

Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday its third-quarter profit rose 38 percent on greater mail-order and specialty drug sales, topping Wall Street forecasts.

Medco 2Q profit up 22 percent on new deals

Pharmacy benefits manager Medco Health Solutions said Thursday its second-quarter profit climbed 22 percent as it won new clients and prices for brand-name drugs increased.

Medco Health 1Q profit, sales top Wall Street estimates

Pharmacy benefits manager Medco Health Solutions Inc. said Tuesday record mail-order volume and an influx of generic drugs on the market drove first-quarter results above Wall Street expectations.

Medco Profit Falls, Raises Forecast

Medco Health Solutions Inc., the nation's top-grossing prescription benefit manager, posted a 9 percent decline in fourth-quarter profit as costs rose for business expansion and acquisitions.