Medco to buy genetic consulting company DNA Direct
February 2, 2010 at 1:04 PM CST - Updated June 19 at 3:05 PM
FRANKLIN LAKES, N.J. (AP) - Pharmacy benefits manager Medco Health Solutions Inc. said Tuesday it is buying DNA Direct Inc., a consulting company that provides genetic test services to health care providers, sponsors, and patients.
Medco did not release financial terms of the deal.
DNA Direct handles phone and e-mail consultations to help determine the proper use of more than 2,000 genetic and molecular diagnostic tests. DNA Direct can help sponsors and providers raise revenue and cut costs by finding the right tests for particular conditions, according to Medco.
Medco handles drug benefits for health care plan sponsors and members, and keeping costs down and helping plan members get the right drugs are important parts of its business.
DNA Direct, founded in 2005, is based in San Francisco.
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