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Walgreens Is Opening a New Pharmacy For Cell and Gene Therapies [BNN Bloomberg (Canada)]
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
The 18,000-square-foot facility in Pittsburgh will act as a conduit for drug manufacturers, treatment centers and insurance companies, Walgreens said in a release Thursday. Manufacturers will send the treatments to the facility, and Walgreens will carry out all the necessary checks and verifications to ensure the right patient gets the correct drug. This white-glove service is essential for patients in need of cell and gene therapies, which are often costly and require one administration. Walgreens is betting that it will be attractive to drugmakers as well because of the center's lack of affiliation with a pharmacy benefit manager, giving them the freedom to work with all customers. The move comes as Walgreens has been finding ways to increase cash flow as part of a broader strategy to invest more money into its pharmacy and health-care businesses. Chief Executive Officer Tim Wentworth has taken measures to set the drugstore chain on a path to growth, slashing the dividend almos
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