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CVS Caremark, Cardinal create nation's largest generic source

December 11, 2013HME News Staff

DUBLIN, Ohio and WOONSOCKET, R.I. - CVS Caremark and Cardinal Health have agreed on a 50-50 partnership to create the nation's largest source of generic drugs, according to a Dec. 10 announcement. Both companies will contribute their sourcing and supply chain expertise to the joint venture and will source generic drugs through it. Over the 10-year term of the agreement, Cardinal Health will pay CVS Caremark $25 million each quarter, but neither company will contribute physical assets. “This...

Cardinal Health, CVS Caremark, Generic drug sourcing

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