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Walgreens To Launch $24 Billion Business Dedicated To Specialty Pharmacy [Forbes]
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US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
In this photo is a Walgreens store on April 02, 2019 in Miami, Florida. (Photo by Joe Raedle/Getty Images) Walgreens is launching Walgreens Specialty Pharmacy, a $24 billion business that integrates new gene and cell services with existing pharmacy assets including the large specialty pharmacy and home delivery business, AllianceRx. The move, which takes effect August 1 when AllianceRx Walgreens Pharmacy becomes Walgreens Specialty Pharmacy, comes as Walgreens chief executive Tim Wentworth works to engineer a financial turnaround focusing on providing more healthcare services in stores while beefing up the more lucrative aspects of pharmacy. The creation of Walgreens Specialty Pharmacy should also lay to rest any rumors the company planned to exit the specialty pharmacy business. “With approximately $24 billion in annual enterprise specialty revenue, Walgreens Specialty Pharmacy is the largest independent provider that offers the industry's most robust specialty capabilities not
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