Consolidation in the U.S. drug distribution business continues as Cardinal Health (NYSE:CAH) has purchased a Chicago-area regional drug wholesaler, Dik Drug Company.The acquisition was first reported by Adam Fein at Drug Channels and confirmed to MedCity News in a statement from a Cardinal spokeswoman.Dublin, Ohio-based Cardinal said it signed a definitive agreement to acquire Dik [...]

McKesson (NYSE:MCK) has won a U.S. Department of Veterans Affairs drug distribution contract that could be worth nearly $32 billion over eight years, beating out its top rivals Cardinal Health (NYSE:CAH) and AmerisourceBergen (NYSE:ABC).Winning such a potentially huge contract made McKesson popular on Wall Street and sent shares of the San Francisco-based company up more [...]

Cardinal Health (NYSE:CAH) has hired the former CEO of the West Wireless Health Institute as the new leader of its medical products and services business.Don Casey Jr.’s tenure as CEO of Dublin, Ohio-based Cardinal’s medical segment is scheduled to begin on April 16, according to a statement from the company.Cardinal’s $9 billion medical segment sells [...]

Cardinal Health (NYSE:CAH) will set the price for Navidea Biopharmaceuticals‘ (NYSE Amex:NAVB) cancer drug that could be approved as soon as this summer.While Navidea, developed the drug, called Lymphoseek, Cardinal will distribute it and collect half of its sales in the U.S., Navidea has said.“In the final analysis, Cardinal will set the pricing,” said Tom [...]

Pharmaceuticals distributor Cardinal Health (NYSE:CAH) is seeking to sell three nuclear pharmacies as part of a settlement with the Federal Trade Commission.The settlement with the FTC required Cardinal to sell the pharmacies after federal regulators charged that Cardinal’s 2009 acquisition of three nuclear pharmacies from Biotech was anticompetitive, according to a statement from the FTC.Cardinal [...]

Pharmaceuticals distributor and medical products supplier Cardinal Health (NYSE:CAH) plans to make $90 million in acquisitions this year to boost its business in China.Dublin, Ohio-based Cardinal entered the Chinese market with the $470 million acquisition in 2010 of Chinese drug distributor Yong Yu.Now, Cardinal is looking to make further acquisitions in the country to expand [...]

Medical products supplier Cardinal Health (NYSE:CAH) has released a new surgical mask that offers a better fit and features “fog-reduction technology.”Cardinal’s Smart-Seal surgical mask features a “cinch-and-hug,” single-tie design that creates a custom seal around the wearer’s nose and mouth, according to a statement from Dublin, Ohio-based Cardinal.The new mask also boasts closed-cell foam and [...]

Pharmaceuticals distributor Cardinal Health (NYSE:CAH) has launched a web-based tool to help rheumatology practices better manage infusion therapy patients.Cardinal’s new InfusaTrack software is designed to make it easier for community rheumatology practices to offer in-office infusion therapy, which involves administering medication through a needle or catheter for patients whose conditions are too severe to be [...]

Facing increased scrutiny from Canadian regulators, Cardinal Health (NYSE:CAH) has been forced to push back the expiration date of its $165 million offer to buy medical products supplier Futuremed Healthcare Products.The offer was originally set to expire today, Dec. 20, but has now been extended until Feb. 6, according to a statement from the two [...]

Health products distributor Cardinal Health (NYSE:CAH) has topped a list of the top healthcare supply chain groups from influential research firm Gartner.Gartner’s Healthcare Supply Chain Top 25 ranking is based primarily on two metrics: quantitative measures such as financial data and the opinions of industry peers and analysts, according to a statement from Gartner.The rankings [...]