That could hypothetically be an issue if ABBV tried to lock up all of the major PBMs, but that’s not going to happen (IMO). Rather, there will be a tacit agreement between ABBV and GILD that’s typical of a duopoly, wherein each player aims for substantial market share while leaving plenty of market share for the other party.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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