AmerisourceBergen

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

Pharmacy players rise in Fortune 500

Pharmacy players rise in Fortune 500

Players in the retail pharmacy space accounted for three of the top 10 spots in the 2016 Fortune 500 list of the nation’s largest companies by revenue. Coming in again at No. 1 overall on the annual list, released this week, was the world’s largest retailer, Walmart, with sales of $482.13 billion. The company is

AmerisourceBergen shapes health care delivery

AmerisourceBergen shapes health care delivery

CHESTERBROOK, Pa. — AmerisourceBergen Corp. has done much to redefine the role of the pharmaceutical wholesaler in recent years. The company has augmented its core drug distribution operation with a variety of capabilities that better position it to help business partners throughout the supply chain succeed. When one hears the name AmerisourceBergen today, it is

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

The expanded distribution agreement between McKesson and Walmart not only brings McKesson a generic drug customer it had been pursuing, but it also “finalizes an intriguing industry channel alignment,” according to pharmacy supply chain expert Adam Fein, president of Pembroke Consulting. In a posting Tuesday on his Drug Channels blog, Fein noted that Walmart was

McKesson, Walmart expand Rx distribution pact

McKesson, Walmart expand Rx distribution pact

SAN FRANCISCO and BENTONVILLE, Ark. — McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.S. operations, a move that they said

Nightengale takes reins at Good Neighbor Pharmacy

CONSHOHOCKEN, Pa. — Brian Nightengale has succeeded Dave Neu as president of AmerisourceBergen Corp.’s Good Neighbor Pharmacy. Neu, who has also been executive vice president of retail strategy at AmerisourceBergen, will retire this summer after more than three decades with the company. Nightengale had been president of Xcenda, AmeriscourceBergen’s health economics and outcomes consultancy. He

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