NEW YORK (AP) — Walgreen Co. said Tuesday it will end a $5.3-billion-per-year relationship with Express Scripts Inc., saying Express Scripts was not paying it enough money to fill prescriptions and was trying to dictate terms of their partnership.
The announcement follows a similar contract fight a year ago with CVS Caremark Corp. that was eventually resolved.
The disclosure of the impasse with Express Scripts Inc. overshadowed news that Walgreen's profit climbed 30 percent in its third fiscal quarter.
Walgreen shares fell $2.66, or 5.9 percent, to $42.52 in morning trading. Express Scripts fell 53 cents to $54.26.
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