RE:RE:RE:Seagen filed SEC Schedule 14A outlining Pfizer $43 Bln M&A July 25, 2023 - FTC withdraws advocacy for pharmacy benefit managers "Claiming that its old policy statements no longer reflect current market dynamics, the Federal Trade Commission has voted to rescind its prior statements of advocacy for pharmacy benefit managers, effectively ending the agency's previously stated endorsement of PBMs. According to the FTC, the new statement pulling its advocacy is a response to PBMs' continued reliance on older FTC advocacy materials that opposed mandatory PBM transparency and disclosure requirements.
It also warns against reliance on the Commission's prior conclusions, particularly given the FTC's ongoing study of the PBM industry to update its understanding of the industry and its practices."
https://www.healthcarefinancenews.com/news/ftc-withdraws-advocacy-pharmacy-benefit-managers