Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services

Walgreens said it will start working directly with drugmakers to bring cell and gene therapies to U.S. patients as part of a broader effort to expand its specialty pharmacy services.

As the company moves to"transform" its specialty pharmacy services, it will open a newly licensed facility in Pittsburgh dedicated to cell and gene therapy services.The company said it is launching a new business unit dedicated to its specialty pharmacy segment, which will include specialty pharmacy subsidiarySpecialty pharmacies provide medications that require extreme care in handling, storage and distribution.

Among the company's new investments to"transform" its specialty pharmacy services, it will open a newly licensed facility in Pittsburgh dedicated to services for cell and gene therapies. The 18,000-square-foot center will help drugmakers and health-care providers navigate the complex supply chain for those treatments and manage patient needs, among other issues.Walgreens' decision to launch cell and gene therapy services comes after a surge in approvals of those drugs in the U.

Under the new unit, patients of AllianceRx and the company's nearly 300 community-based pharmacies now have access to resources that will"build upon the expert care they already receive from their specialty pharmacist," Walgreens said in the release. That includes clinicians with key disease expertise, nutritionists and nurses.

The company also offers more than 1,300 specialty drugs, including 240"limited distribution" drugs that few specialty pharmacies have access to.Forget Nvidia: Morgan Stanley says Intel's much-hyped AI chip will boost 3 global stocksBank of America upgrades Tesla, says first-quarter report opens door for strong gains aheadWells Fargo becomes bullish on this biotech company

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walgreens narrows full-year profit forecast, takes $5.8-billion impairmentWalgreens narrows full-year profit forecast, takes $5.8-billion impairment
Source: Investingcom - 🏆 450. / 53 Read more »

Marvel Legends Silver Surfer Exclusive Figure From 2018 Is Back In StockHasbro has reissued the former Walgreens exclusive Fantastic Four Silver Surfer figure.
Source: ComicBook - 🏆 65. / 68 Read more »

Walgreens pharmacists rally for fair pay and conditions across Chicago areaThe National Pharmacists Association-LIUNA (NPhA-LIUNA), representing nearly 900 Walgreens pharmacists in Chicagoland, will begin demonstrating at 46 Walgreens stores throughout the Chicago area starting Thursday.
Source: fox32news - 🏆 547. / 51 Read more »

Stocks making the biggest moves premarket: Walgreens Boots Alliance, Estee Lauder, RH and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Nashville woman sues Walgreens after being shot by security for alleged shopliftingAttorneys for a Nashville woman shot as many as seven times after being accused of shoplifting at Walgreens is suing the company.
Source: KUTV2News - 🏆 281. / 63 Read more »

Jim Cramer shares his thoughts on Walgreens, Home Depot, RH, Kimberly-Clark and VornadoDuring the CNBC Investing Club's Morning Meeting on Thursday, Jim Cramer offered his takes on headlines involving Walgreens, Home Depot and more stocks.
Source: CNBC - 🏆 12. / 72 Read more »