Elevance Health Inc (NYSE: ELV) and Cigna Group's (NYSE: CI) Express Scripts have finally ended their prolonged legal battle by settling the last unresolved claim in a contentious contract dispute, paving the way for Elevance to appeal the dismissal of its massive $14.8 billion lawsuit alleging overcharging by Express Scripts for prescription drugs.
Formerly known as Anthem, Elevance initiated legal proceedings against Express Scripts, a pharmacy benefit manager (PBM), in 2016 at a Manhattan federal court.
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PBMs like Express Scripts function as ...