Alliance Boots, Cardinal Health Announce Joint Sourcing and Marketing Agreement
Cardinal Health is a global provider of products and services that improvethe safety and productivity of health care. Alliance Boots is aninternational, pharmacy-led health and beauty group.
The two companies have formed a marketing entity to serve as a platformfor the introduction of the Almus brand of generic medicines into the U.S.market. Generic pharmaceuticals sourced through this agreement will over timebe labeled under the Almus brand and will be distributed by Cardinal Health inthe United States. The agreement will enable both companies to gainadditional, global experience in an increasingly competitive marketplace forgeneric pharmaceuticals.
"This joint agreement brings us a step closer to making Almus a trulyinternational brand. We are very pleased to be working with Cardinal Health,combining our strengths and competencies to deliver Almus to the largestpharmaceutical medicines market in the world," said Ornella Barra, wholesaleand commercial affairs director, Alliance Boots.
"This agreement will enable us to explore new ways to deliver additionalvalue to our retail pharmacy and SOURCE(SM) customers," said Mark Parrish, CEOof Healthcare Supply Chain Services for Cardinal Health.
About Alliance Boots
Alliance Boots is a leading, international pharmacy-led health and beautygroup and European market leader in its two core businesses, retail pharmacyand pharmaceutical wholesale. Alliance Boots has a wholesale network servingmore than 120,000 pharmacies, hospitals and health centers via around 380depots (including associates), and operates Europe's leading retail pharmacybusiness with around 3,100 retail outlets, of which approximately 2,800 have apharmacy. It has around 100,000 employees in more than 15 countries withrevenue of £14.6 billion for the year ended 31 March 2007.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is an $87billion, global company serving the health-care industry with products andservices that help hospitals, physician offices and pharmacies reduce costs,improve safety, productivity and profitability, and deliver better care topatients. With a focus on making supply chains more efficient, reducinghospital-acquired infections and breaking the cycle of harmful medicationerrors, Cardinal Health develops market-leading technologies, includingAlaris(R) IV pumps, Pyxis(R) automated dispensing systems, MedMined(R) datamining software and the CareFusion(TM) patient identification system. Thecompany also manufactures medical and surgical products and is one of thelargest distributors of pharmaceuticals and medical supplies worldwide.Ranked No. 19 on the Fortune 500 and No. 1 in its sector on Fortune's rankingof Most Admired firms, Cardinal Health employs more than 40,000 people on fivecontinents. More information about the company may be found atwww.cardinalhealth.com.
SOURCE Cardinal Health
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