Walgreens just increased its ownership of Shields Health Solutions, a company that helps hospitals run their own specialty pharmacies, from 23 percent to 71 percent. The move puts Walgreens into a stronger position in specialty pharmacy. Many drugs are now classified as "specialty" medications — everything from drugs that need to be administered with a needle to pills that treat cancer and HIV. PBMs own a majority of the specialty pharmacy market, but hospitals are giving them some competition. Read the story from Axios here.
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