McKesson Corporation Announces Sourcing Agreement for Generic Pharmaceuticals
05.17.16
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Simpson Thacher represented McKesson Corporation (NYSE: MCK) in connection with a sourcing agreement for generic pharmaceuticals entered into with Wal-Mart Stores, Inc. (NYSE: WMT). McKesson and Walmart will collaborate on sourcing generic pharmaceuticals for their respective U.S. operations, adding scale and value for both companies. The new sourcing agreement leverages McKesson’s demonstrated strength and expertise in the global pharmaceutical industry and Walmart’s proven commitment to delivering leading health and wellness services at an everyday low price.
McKesson Corporation, currently ranked 11th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better.
The Simpson Thacher team includes Kirsten Jensen, Derek Baird, Eric Swedenburg, Austen Heim, Anais Fritz and Dena Acevedo (Corporate); and Tanvi Mirani (Tax).