Dive Summary:
- Walgreen Co. signed a 10-year supply deal Tuesday with AmerisourceBergen for branded and generic pharmaceutical products, touting the drug wholesaler's "enhanced supply chain with daily deliveries."
- The new deal will replace Walgreens deal with Cardinal Health as its primary supplier for branded products when their contract expires in August, and Walgreens will turn over its self-distribution of generic product to AmerisourceBergen in 2014.
- Walgreens and its partner, Alliance Boots, will also acquire a 23% equity stake in AmerisourceBergen, and said the new deal would allow the companies to operate more efficiently on a larger scale.
From the article:
DEERFIELD, Ill. — Walgreen Co. here on Tuesday said it has agreed to a new, 10-year supply agreement with AmerisourceBergen for branded and generic pharmaceutical products, and will also take an equity stake in the drug wholesaler. ...