Why Biogen Inc And Valeant Pharmaceuticals Should Fear Express Scripts Holding Company

Express Scripts Holding Co. (NASDAQ:ESRX), the largest pharmacy benefit manager in the US, has announced that the company has a strategy to counter rapidly increasing drug prices-- Simply decline to pay for the drugs. The announcement could trigger another sell-off in the healthcare market which has yet to recover from the other two major sell-offs, one of which was caused primarily due to the exorbitant drug prices.