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Walgreen Will Remain in CVS's Pharmacy Benefit Management Unit's Retail Network

Walgreen Co. (WAG) extended its agreement to remain a network pharmacy provider in CVS Caremark Corp.'s (CVS) national pharmacy benefit management retail network.Kermit Crawford, president of Walgreen's pharmacy, health and wellness arm, said the multiyear pact meets the drugstore giant's "business objectives, remains consistent with our principles of receiving predictable and fair reimbursement for the services and value we provide and helps drive cost-effective pricing for payers and patients."Further terms of the agreement weren't provided.Alliances in the health-care sector have been in focus lately as the industry deals with a wave of major generic drug introductions and other issues. For its part, Walgreen--along with European drug giant Alliance Boots GmbH--in March formed an alliance with rival drug wholesaler AmerisourceBergen Corp. (ABC) that could give the companies an advantage in demanding lower prices from drug makers.Shares of Walgreen and CVS closed Friday at $48.72 and...

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  1. AmerisourceBergen to Sell Packaging Business for $308 Million

    AmerisourceBergen Corp. (ABC) agreed to sell its contract packaging business, AndersonBrecon, for $308 million in cash, as the drug wholesaler refocuses its operatio...

  2. AmerisourceBergen To Sell Canadian Pharmaceutical Distribution Unit

    AmerisourceBergen Corp. (ABC) agreed to sell its Canadian pharmaceutical distribution business to health-care supplies distributor Kohl & Frisch Ltd. for an estimate...

  3. Market Wrap for Tuesday, March 19: Dow Records Slight Gain, Nasdaq and S&P Close Lower

    The U.S. stock market was slightly lower on Tuesday as investors reacted to news that lawmakers in Cyprus have rejected a bailout plan which would include a tax on b...

  4. Walgreen Reports Pact With AmerisourceBergen , Earnings

    Walgreen Co. (WAG) and Alliance Boots GmbH agreed to get their branded and generic pharmaceutical products from AmerisourceBergen Corp. (ABC), in exchange for the tw...

  5. Walgreen, Alliance Boots Partner with AmerisourceBergen

    Walgreen Co. (WAG) and Alliance Boots GmbH disclosed a long-term partnership with pharmaceutical-services company AmerisourceBergen Corp. (ABC), in an effort by the ...

  6. Walgreen to Acquire Stake in AmerisourceBergen

    Walgreen (NYSE:WAG) and Alliance Boots inked a 10-year deal on Tuesday to have branded, generic and specialty pharmaceutical products supplied by AmerisourceBergen (...

  7. Cardinal Health to Buy AssuraMed for $2.07 Billion

    Cardinal Health Inc. (CAH) agreed to acquire closely held medical-supplies provider AssuraMed for $2.07 billion as the drug wholesaler looks to diversify its offerin...

  8. Cardinal Health Profit Up 16% on Improved Margins

    Cardinal Health Inc.'s (CAH) fiscal second-quarter earnings rose 16% as the drug wholesaler reported improved margins that helped to offset weaker revenue at its pha...

  9. AmerisourceBergen Signs New Deal With Big Customer PharMerica

    Drug wholesaler AmerisourceBergen Corp. (ABC) has signed a new deal extending its relationship with a top customer, the nursing-home pharmacy PharMerica Corp. (PMC)....

  10. Eurozone PMI Beats Expectations, Points Toward Contraction

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  11. Glaxo in $150 Million Settlement in Generic Nasal Spray Case

    GlaxoSmithKline PLC (GSK) has agreed to a $150 million settlement with a group of drug wholesalers who said the drug maker delayed the introduction of generic altern...

  12. GlaxoSmithKline in $150 Million Settlement in Generic Nasal Spray Case -Reuters

    GlaxoSmithKline PLC (GSK) has agreed to a $150 million settlement with a group of drug wholesalers who claimed the drug maker delayed the introduction of generic alt...

  1. BofA Executive Compensation Proxy Approved

    Bank of America Corp. (BAC) shareholders on Wednesday approved a nonbinding proxy proposal on the bank's executive compensation and backed the entire slate of direct...

  2. Walgreen's April Same-Store Sales up 1.2% Amid Higher Pharmacy Sales

    Walgreen Co.'s (WAG) April same-store sales rose 1.2% amid higher same-store pharmacy sales, though the drugstore chain reported a decline in same-store customer tra...

  3. Cardinal Health Profit Rose 3.6%; Dividend Raised

    Cardinal Health Inc.'s (CAH) fiscal third-quarter earnings rose 3.6% amid a tax benefit and as stronger margins offset lower pharmaceutical sales revenue.For the fis...

  4. Cardinal, McKesson Renew Distribution Agreements With CVS

    Cardinal Health Inc. (CAH) and rival McKesson Corp. (MCK) have separately renewed distribution agreements with a major customer, CVS Caremark Corp. (CVS), lifting a ...

  5. AmerisourceBergen 2nd-Quarter Net Falls 78% on Losses from Discontinued Operations

    AmerisourceBergen Corp.'s (ABC) fiscal second-quarter earnings fell 78% as losses on discontinued operations masked the drug wholesaler's revenue growth.The company ...

  6. AmerisourceBergen Q2 Profit Fell To $45.63 Million

    AmerisourceBergen Corporation said Thursday its second-quarter profit fell to $45.63 million, or 19 cents a share, from $212 million, or 81 cents a share, from a yea...

  7. Walgreen Same-Store Sales Rose 0.7% in March

    Walgreen Co.'s (WAG) same-store sales rose 0.7% during March as a wave of generic drug introductions over the past year and a calendar shift kept the drugstore retai...

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