"Cardinal Health Inc. said its fiscal third-quarter earnings fell 8.7% as the drug wholesaler’s results were hurt by the expiration of its contract with Walgreen Co.
Cardinal Health was dealt a blow last year when Walgreen and European drug giant Alliance Boots GmbH agreed to get their branded and generic pharmaceutical products from rival AmerisourceBergen Corp.
Drug wholesalers have been forming ventures and collaborations with other health-care related companies in an effort to increase their bargaining power with pharmaceutical companies and expand internationally."
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