AcuPartD

Keeping you updated on the latest Medicare and Part D news

CVS and Cardinal Health Form Joint Venture

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Pharmacy group CVS Caremark Corp and pharmaceutical distributor Cardinal Health Inc. have agreed to combine sourcing and supply chain operations for generic drugs. The 10 year joint venture, which will become operational as early as July 1 2014, will source and negotiate generic supply contracts for both companies. Combined, the two already major players will form the largest generic sourcing entity in the nation to attain more favorable purchasing agreements with generic drug manufacturers. 

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