Amarin Corp Plc (AMRN)

[JRoon71]

Most pharmacy benefit manager (PBM) contracts typically last two to three years, though the duration can vary depending on the specific terms and the parties involved. Some contracts may be shorter, such as one-year terms, especially for smaller organizations or those trying to maintain flexibility. Larger companies or those with established PBM relationships may sign contracts lasting three to five years.

However, regardless of the contract length, many agreements include renewal clauses, which can automatically extend the contract for another term unless either party gives notice of termination. It's also common for contracts to have performance guarantees, price protection, and audit provisions to ensure transparency and accountability throughout the contract's lifespan.