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
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
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
VALLEY FORGE, Pa. — AmerisourceBergen announced earlier this month that it has extended the term of its strategic, long-term relationship with Walgreens Boots Alliance Inc. (WBA) for an additional three years. The move extends the pharmaceutical distribution contract and the Walgreens Boots Alliance Development relationship to 2026. The extension includes an enhanced commitment from WBA
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has extended its strategic partnership with Walgreens Boots Alliance (WBA) Inc. for another three years. AmerisourceBergen said Thursday that its drug distribution contract with WBA and relationship with Walgreens Boots Alliance Development (WBAD) have been lengthened to 2026. AmerisourceBergen and then-merger partners Walgreen Co. and Alliance Boots had announced
CONSHOHOCKEN, Pa. — David Neu, executive vice president of retail strategy at AmerisourceBergen Corp. and president of its Good Neighbor Pharmacy network, plans to retire this summer. AmerisourceBergen said Friday that Brian Nightengale, president of company subsidiary Xcenda, a health economics and outcomes consultancy, will take over as Good Neighbor Pharmacy president effective immediately. The
VALLEY FORGE, Pa. — AmerisourceBergen Corp. and the Compliant Pharmacy Alliance Cooperative (CPA) have detailed a new nine-year distribution pact for prescription drugs and over-the-counter products. AmerisourceBergen will also offer the 1,225-member pharmacy cooperative access to an array of initiatives to support pharmacists as they work toward fair reimbursement and enhanced patient outcomes. “Our members
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported double-digit revenue growth for its fiscal 2016 second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. WBA said Tuesday that second-quarter sales climbed 13.6% to $30.18 billion from $26.57 billion a year earlier. The gain stemmed largely from the full consolidation of Alliance Boots
The presence of Walgreens Boots Alliance (WBA) across the pharmacy care sector continues to broaden and deepen. Over two days earlier this month, WBA unveiled an integrated pharmacy offering with PBM OptumRx and then announced that it’s boosting its equity stake in drug distributor AmerisourceBergen. The highlight of the offering with OptumRx is that members
DEERFIELD, Ill. — As part of a long-term partnership announced three years ago, Walgreens Boots Alliance (WBA) is enlarging its equity stake in AmerisourceBergen. WBA said Friday that it has exercised warrants to buy more than 22,696,912 shares of AmerisourceBergen common stock for about $1.17 billion. The transaction was funded with cash on hand, and
ARLINGTON, Va. — AmerisourceBergen Corp. was among the winners of the 2016 Distribution Management Award from the Healthcare Distribution Management Association (HDMA). HDMA said Tuesday that AmerisourceBergen received recognition for centralizing its data for Drug Supply Chain Security Act (DSCSA) compliance and preparing for long-term serialization requirements. The award was presented at the HDMA 2016
PHILADELPHIA — AmerisourceBergen Corp. president and chief executive officer of Steven Collis has taken the reins as chairman. Collis takes over from Richard Gozon, who has retired. The planned succession, announced in November, transpired at the close of AmerisourceBergen’s annual shareholders meeting Thursday in Philadelphia. Collis has served as a director of the pharmaceutical distributor
VALLEY FORGE, Pa. — AmerisourceBergen Corp. has inked a long-term distribution deal with Publix Super Markets Inc. for branded and generic pharmaceuticals and over-the-counter products. The agreement also enables Publix’s more than 980 pharmacies across the Southeast to expand patient access to specialty medications. “Publix continues to push the boundaries of how our pharmacy business
COLORADO SPRINGS, Colo. — Steve Davis, director of center store, general merchandise, health/beauty care and grocery nonfoods at Weis Markets Inc., has been appointed chairman of the Global Market Development Center (GMDC). GMDC noted that Davis’ experience includes a broad food retailing background, covering both the GM and health/beauty/wellness categories. He also serves as the
