Prime Therapeutics names new CEO

Prime Therapeutics has promoted Mostafa Kamal to be the pharmacy benefit manager’s next CEO. 

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Mr. Kamal was previously president of Prime Therapeutics and CEO of subsidiary MagellanRx. 

Current CEO Ken Paulus plans to retire, according to a July 3 news release. 

“Our newly combined organization has the right solutions, scale and know-how to be a powerful player in this market. I’m excited to lead the exceptionally talented teams that are making that vision a reality,” Mr. Kamal said in the release. 

Prime Therapeutics, which is jointly owned by 19 Blue Cross Blue Shield companies, purchased MagellanRx from Centene in 2022. 

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