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Article: PlanetRx.com Inks PBM Deal With Express Scripts.

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PR Newswire
Article date:
August 31, 1999
Copyright

Will Become Exclusive Online Pharmacy for Express Scripts' 36 Million Members

SOUTH SAN FRANCISCO, Calif., Aug. 31 /PRNewswire/ -- PlanetRx.com, Inc. today announced an agreement with Express Scripts, Inc. (Nasdaq: ESRX) to acquire the e-commerce operations of Express Scripts' yourPharmacy.com business and to become the exclusive online pharmacy for Express Scripts and its members.

Express Scripts is the nation's third largest pharmacy benefit management (PBM) company and the largest independent PBM. Express Scripts has 36 million members who will be able to use their insurance reimbursement plan to fill prescriptions online at PlanetRx.com.

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