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COPYRIGHT 2005 Investor's Business Daily, Inc.
Byline: Marilyn Much
After making its mark with corporate customers, pharmacy benefit manager Caremark Rx is gaining clout with managed-care outfits.
Pharmacy benefit managers cut deals with drug firms to get lower prescription drug prices for clients such as employers, insurers, managed-care groups and other sponsors of health benefit plans.
Until recently, 88% of Caremark's revenue came from providing services to employers.
That changed last March when Caremark bought AdvancePCS in a $6 billion...
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