McKesson (MCK) Renews Pharmaceutical Distribution Agreement with CVS Caremark (CVS)

July 6, 2009 9:16 AM EDT

McKesson Corporation (NYSE: MCK) announced that it has renewed its current distribution agreement to supply CVS Caremark (NYSE: CVS) with branded and generic drugs.

"CVS Caremark's decision to renew its agreement with McKesson is reflective of the trusted relationship between our two companies and the value McKesson has delivered to CVS Caremark over the years," said Paul Julian, executive vice president, group president, McKesson Corporation. "McKesson's comprehensive supply chain solutions help CVS Caremark ensure the highest levels of product availability and product integrity, empowering CVS Caremark to provide outstanding pharmaceutical care and further strengthen its competitive position."


Related Categories

Corporate News

Stocks Mentioned

CVS 29.79

+0.92 +3.19%
Volume: 48,991,501
Track CVS

MCK 62.58

+0.61 +0.98%
Volume: 1,734,021
Track MCK


Add Your Comment