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Pharmacy

As part of a U.S. restructuring effort, biopharmacutical company Sanofi will cut 160 jobs at its facility in Chattanooga, Tenn., according to the Chattanooga Times Free Press.

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AstraZeneca has sold U.S. rights to its treatment for infant lung infections to Swedish Orphan Biovitrum for $1.5 billion, the latest move by the drugmaker to trim its pipeline and refocus on priority drugs, according to Bloomberg.

Express Scripts Holding, a pharmacy benefit manager that negotiates drug prices for many health plans, will launch a formulary with lower list price drugs in an effort to reduce reliance on rebates and  rein in the out-of-pocket costs its clients' members…

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