Express Scripts projects double-digit growth in 2016 earnings

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Express Scripts Holding Co., the largest U.S. pharmacy benefit manager, forecast adjusted earnings for 2016 well above analysts’ estimates.

The company said on Tuesday it expected 2016 adjusted earnings of $6.08-$6.28 per share, an increase of 10-14 percent from the company’s reaffirmed guidance for 2015.

Shares of Express Scripts, which manages drug benefits for employers and health plans and also runs large mail-order pharmacies, were up 1 percent in light premarket trading.

The north St. Louis County-based company has become a vocal critic of exorbitant drug prices and recently chose to reimburse a cheaper alternative to the drug Daraprim after Turing Pharmaceuticals raised its price to $750 from $13.50.

Read more from the St. Louis Post-Dispatch

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