News Briefs

✦ The U.S. Court of Appeals for the Eighth Circuit on Aug. 7 sided with a PBM trade group in a legal challenge to a 2017 North Dakota law that regulates such firms. In Pharmaceutical Care Management Association v. Tufte et al, the appeals court determined that the North Dakota law is preempted by the Employee Retirement Income Security Act of 1974, as it can affect both ERISA-regulated and non-ERISA health plans. In its judgment, the court cited past arguments in Rutledge v. Pharmaceutical Care Management Association, a case challenging a PBM-regulating law in Arkansas that is set to be argued before the Supreme Court on Oct. 6. Read the judgment at https://bit.ly/3gWK5yY.

✦ GoodRx Inc., a company that helps consumers track prescription drug prices and offers free drug coupons, is applying for a potential initial public offering (IPO) with the Securities and Exchange Commission, Reuters reported on Aug. 2. Citing sources familiar with the matter, the news outlet said GoodRx is in the process of hiring advisers for the IPO, and the listing could come later this year or early next year. Read more at https://reut.rs/3fRXdUD.

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