Whoa! There’s some very intriguing news out this morning on a few key Drug Channels topics.
Here’s a quick run-down:
Wholesalers Merge, Form Big One
The so-called “Big 3” wholesalers – AmerisourceBergen (ABC), Cardinal Health (CAH), and McKesson (MCK) – stunned Wall Street this morning by announcing a three-way merger that will create The Big One. While the transaction is still subject to regulatory approval, the new firm is scheduled to be called McKameriCardigen. Larry Marsh, Healthcare Distribution & Technology analyst at Lehman Brothers, praised the deal because “my workload just dropped by two-thirds.”
California’s e-pedigree date changed yet again!
The California Board of Pharmacy stunned the pharmaceutical industry again yesterday when they voted to shift the deadline for implementation of e-pedigree laws, this time to November 9, 2010. The Board noted that November 9 is also National Scrapple Day, which they claimed “was appropriate for the task confronting the industry.” When asked why the Board will not settle on a single date, Executive Officer of the Board Virgina Herold reportedly replied: “Where’s the sport in that?”
PCMA Makes New Commitment to Transparency
Responding to recent calls for greater transparency, the Pharmaceutical Care Management Association (PCMA) announced the design of its new corporate headquarters. According to PCMA spokesperson Derek Smalls, the new building will be modeled on Philip Johnson’s famed Glass House. “Every vertical and horizontal surface, from office door to bathroom stall, will be made of clear, pure, diaphanous glass.” Mr. Smalls also noted that the design will aid PCMA’s lobbying efforts in support of Pharmacy Benefit Managers because “we will now be able to throw the first stone.”
Oh, by the way… it’s April Fool’s Day.