ECRM_1170x120_4-15-17

AmerisourceBergen

AmerisourceBergen revamps operating model

AmerisourceBergen revamps operating model

VALLEY FORGE, Pa. — AmerisourceBergen Corp. said it has reorganized its operating model and leadership to meet customer needs “in a more seamless and unified way.” The pharmaceutical distributor announced Monday that its customer-facing offerings are now aligned under two groups: Pharmaceutical Distribution and Strategic Global Sourcing, and Global Commercialization Services and Animal Health. The

AmerisourceBergen renews pact with Express Scripts

AmerisourceBergen renews pact with Express Scripts

VALLEY FORGE, Pa. — AmerisourceBergen Corp. has renewed its distribution agreement with pharmacy benefit manager Express Scripts Holding Co. AmerisourceBergen said Monday that under the new five-year agreement, it will supply branded pharmaceuticals to Express Scripts through Sept. 30, 2022. “We are extremely pleased and proud to continue to be the strategic partner of choice

Role of drug distributors more crucial than ever

Role of drug distributors more crucial than ever

Changes in the nation’s health care system have made pharmaceutical distributors more important than ever. Large pharmacy operators have strengthened their alliances with the Big Three Wholesalers to maximize purchasing power, augment operational efficiency and work through such challenges as implementation of new federal regulations to ensure a secure supply chain. The role of drug

Regional drug chains display prowess as innovators

Regional drug chains display prowess as innovators

Although sometimes overlooked amid the swirl of activity surrounding the largest players in retail pharmacy, regional drug chains remain an integral part of the industry. The assets and aspirations of those companies — defined as operating between four and 250 stores — along with the challenges they face, were on display at the National Association

AmerisourceBergen’s James Frary to chair CEOs Against Cancer chapter

AmerisourceBergen’s James Frary to chair CEOs Against Cancer chapter

FORTH WORTH, Texas — James Frary, executive vice president at AmerisourceBergen Corp., has been named chairman of the CEOs Against Cancer Chapter of North Texas. CEOs Against Cancer, an initiative of the American Cancer Society, said Frary will focus on a range of issues facing working professionals from industries across the northern half of the

McKesson to pay $150 million in DEA, DOJ settlement

McKesson to pay $150 million in DEA, DOJ settlement

SAN FRANCISCO — McKesson Corp. has agreed to pay $150 million in a settlement with the Drug Enforcement Administration (DEA) and Department of Justice (DOJ) involving its monitoring and reporting of suspicious controlled substance orders. McKesson said late Tuesday that under the administrative and civil settlements the DEA will suspend the company’s DEA registrations to

HDA eyes GTIN coding system for pharma supply chain

HDA eyes GTIN coding system for pharma supply chain

ARLINGTON, Va. — Later next year, the Healthcare Distribution Alliance (HDA) plans to launch a service to aid the adoption of a Global Trade Item Number (GTIN) coding system across the pharmaceutical supply chain. HDA said Monday that the GTIN Repository Service, prompted by the enactment of the Drug Supply Chain Security Act (DSCSA), will

AmerisourceBergen plans new specialty group HQ

AmerisourceBergen plans new specialty group HQ

CARROLLTON, Texas — AmerisourceBergen Specialty Group today has completed negotiations for a 300,000-square-foot office lease in Carrollton, Texas. AmerisourceBergen said the corporate campus will be the largest built-to-suit office campus at the Offices of Austin Ranch and one of the largest employers in the city of Carrollton. The property will serve as AmerisourceBergen Specialty Group’s

WBA tops earnings forecast for 4Q, full year

WBA tops earnings forecast for 4Q, full year

DEERFIELD, Ill. — As talks roll on to gain regulatory clearance for its acquisition of Rite Aid Corp., Walgreens Boots Alliance (WBA) posted adjusted earnings for its fiscal 2016 fourth quarter and full year that beat Wall Street’s estimates. WBA said Thursday that GAAP net earnings attributable to Walgreens Boots Alliance totaled $1.03 billion, or

WBA ups stake in AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has raised its stake in AmerisourceBergen Corp. to nearly 24%. Late last month, WBA exercised warrants to buy 22,696,912 shares of AmerisourceBergen common stock for about $1.19 billion. The warrants, the second of two tranches, are part of a long-term partnership announced in March 2013 between AmerisourceBergen

IMH expands retail reach of IBgard capsules for IBS

IMH expands retail reach of IBgard capsules for IBS

BOCA RATON, Fla. — IM HealthScience (IMH) is expanding retail distribution of its IBgard medical food capsules for irritable bowel syndrome (IBS) to independent drug stores and supermarkets nationwide. IMH said this week that IBgard is being distributed to the new retail locations through national wholesalers AmerisourceBergen and McKesson. The broader rollout builds on IBgard’s current

Community pharmacy in spotlight at ThoughtSpot 2016

Community pharmacy in spotlight at ThoughtSpot 2016

LAS VEGAS — Over the weekend AmerisourceBergen Corp. wrapped up its annual ThoughtSpot trade show, where it introduced new programs to help members of its Good Neighbor Pharmacy network drive their businesses. At ThoughtSpot 2016, AmerisourceBergen said it’s developing a specialty at retail program to help member pharmacies better serve patient needs and diversify revenue

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance posts 3Q gains

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp. remains on track for completion in the second half of this year, and it

Analysis: Naming of co-COOs right step for WBA

Analysis: Naming of co-COOs right step for WBA

The appointment of Alex Gourlay and Ornella Barra as co-chief operating officers of Walgreens Boots Alliance signals the start of a new stage in the process of forging the two companies that came together to form WBA at the close of 2014 into a new corporate culture. The two executives, whose talent, experience and leadership

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