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Express Scripts, Medco pare lobbying in 3Q

Pharmacy benefits managers Medco Health Solutions Inc. and Express Scripts Inc. lobbied the government to approve their proposed $29.1 billion merger, but cut back on their total lobbying expenses in the third quarter.

NEW YORK (AP) — Pharmacy benefits managers Medco Health Solutions Inc. and Express Scripts Inc. lobbied the government to approve their proposed $29.1 billion merger, but cut back on their total lobbying expenses in the third quarter.

The companies spent about $1.3 million combined, down from $1.4 million a year ago. Both said their lobbying activities included “advocacy surrounding proposed corporate merger.” Express Scripts lobbied the Federal Trade Commission, which is reviewing the deal, and Congress, which is holding hearings on the potential implications of the sale.

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