Pharma contracting giant AmerisourceBergen is ditching its commercial packaging business, selling the unit to Frazier Healthcare for $308 million in cash.
Frazier Healthcare, the Seattle-based investment firm, sees opportunity in drug packaging. For the second time in 11 months, it has put together a deal to buy a pharmaceutical packaging operation, this time picking up the largest contract operator in the U.S.
The logistics of getting drugs delivered in underdeveloped countries can be tricky. Many companies turn to partners with the expertise that can help them navigate the import laws and distribution obstacles that those countries present.
Walgreen last year decided to take on a more international frame of mind when it bought a 45% chunk of the Swiss drugstore chain Alliance Boots. Now the two have partnered with one of the largest supply-chain players to smooth out distribution and hopefully cut some costs.
The end of the drugmaking supply chain was not quite as healthy last quarter for AmerisourceBergen, one of the world's largest drug distributors.
Welcome to this week's roundup of hirings and firings throughout the industry. Please send the good word (or the bad) from your shop to Alison Bryant ( email | Twitter ) and we will feature it...
AmerisourceBergen ($ABC), the $80 billion drug packaging goliath, is reconfiguring a couple of units in two countries to unify its global specialty pharma packaging.
Congress is investigating whether some small drug wholesalers are gaming the system by setting up their own pharmacies to get their hands on drugs in short supply.
Drug wholesaler AmerisourceBergen ( $ABC ) is extending its acquisition binge, this time with the $520 million cash acquisition of World Courier Group.
Drug distributors Cardinal Health ( $CAH ) and McKesson ( $MCK ) each reported positive financials for the last fiscal quarter and say they are upbeat about the future. Cardinal credits its generics