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McKesson Corp (MCK.N)

MCK.N on New York Stock Exchange

142.13USD
17 Nov 2017
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$-0.57 (-0.40%)
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Latest Key Developments (Source: Significant Developments)

Mckesson acquires RxCrossroads in a deal valued at $735 mln
Monday, 6 Nov 2017 04:16pm EST 

Nov 6 (Reuters) - Mckesson Corp ::Mckesson strengthens its portfolio of manufacturer solutions with the acquisition of RxCrossroads.Mckesson Corp - ‍transaction is valued at $735 million, or approximately $635 million net of present value of incremental cash tax benefits​.Mckesson Corp - ‍transaction will be funded by cash on hand​.Mckesson - ‍signed agreement to buy RxCrossroads from Cvs Health Corporation​.Mckesson Corp - ‍co expects impact of deal to be about 20 cents accretive to adjusted earnings per diluted share by third year following close of deal​.  Full Article

MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY
Monday, 30 Oct 2017 08:30am EDT 

Oct 30 (Reuters) - Mckesson ::MCKESSON SIGNS AGREEMENT WITH NRG TO INSTALL SOLAR ARRAYS AT MCKESSON FACILITY.‍AS PART OF SOLAR POWER PURCHASE AGREEMENT, SOLAR ARRAYS WILL BE INSTALLED AT MCKESSON DISTRIBUTION CENTER IN ROBBINSVILLE, NEW JERSEY​.ENTERED LONG-TERM AGREEMENT WITH NRG TO PURCHASE SOLAR POWER FROM SOLAR ARRAYS THAT NRG WILL INSTALL AT A MAJOR MCKESSON FACILITY​.‍NRG WILL WORK WITH CO TO DELIVER PROJECT FROM INITIAL PLANNING TO FINAL INSTALLATION, WHICH IS ESTIMATED TO BE FULLY OPERATIONAL IN 2018​.  Full Article

McKesson reports Q2 adjusted earnings per share $3.28
Thursday, 26 Oct 2017 07:00am EDT 

Oct 26 (Reuters) - McKesson Corp :McKesson reports fiscal 2018 second-quarter results.Sees FY 2018 adjusted earnings per share $11.80 to $12.50.Q2 adjusted earnings per share $3.28.Q2 GAAP earnings per share $0.01 from continuing operations.Q2 revenue $52.1 billion versus I/B/E/S view $51.73 billion.Sees FY 2018 GAAP earnings per share $4.80 to $6.90 from continuing operations.Q2 earnings per share view $2.80 -- Thomson Reuters I/B/E/S.McKesson Corp - ‍Paul Julian, executive vice president and group president, distribution solutions, will retire at close of calendar year​.McKesson Corp - ‍Q2 earnings per share included $2.41 of non-cash goodwill and other long-lived asset impairment charges and $0.19 of restructuring charges​.FY2018 earnings per share view $12.05 -- Thomson Reuters I/B/E/S.  Full Article

‍BIOLOGICS SAYS SELECTED BY ELI LILLY TO BE IN LIMITED DISTRIBUTION NETWORK FOR VERZENIO​
Wednesday, 11 Oct 2017 11:21am EDT 

Oct 11 (Reuters) - Biologics Inc::‍BIOLOGICS INC SAYS HAS BEEN SELECTED BY ELI LILLY AND COMPANY TO BE IN LIMITED DISTRIBUTION NETWORK FOR VERZENIO​.  Full Article

Allscripts to acquire Mckesson’s Enterprise Information Solutions business
Thursday, 3 Aug 2017 04:01pm EDT 

Aug 3 (Reuters) - Allscripts Healthcare Solutions Inc :Allscripts to acquire Mckesson’s enterprise information solutions business.Allscripts to acquire Mckesson’s Enterprise Information Solutions business.Allscripts Healthcare Solutions Inc - deal for ‍$185 million​.Allscripts Healthcare Solutions Inc - ‍Allscripts intends to fund purchase price through its existing secured credit facilities and cash balances​.Allscripts Healthcare Solutions Inc - ‍definitive agreement to acquire Mckesson Corporation's hospital and health system IT business​.  Full Article

McKesson says continues to see competitive market for selling generic pharmaceuticals in the U.S.
Thursday, 27 Jul 2017 09:41am EDT 

July 27 (Reuters) - Mckesson :Says entered year with assumption of branded inflation in mid-single digits, and q1 experience was slightly ahead of the assumption - conf call.Says continue to see competitive market for selling generic pharmaceuticals in the u.s., but with less pricing variability- conf call.Says expect to lap the independent pharmacy sell-side pricing impact by the end of our fiscal 2018 second quarter - conf call.Says comfortable with fiscal '18 assumption; reiterates results will be more heavily weighted to second half of fiscal year - conf call.Says "seeing a litlte bit less of a frequency" with regards to branded manufacturer pricing environment - conf call.  Full Article

Mckesson reports fiscal 2018 first-quarter results
Thursday, 27 Jul 2017 07:30am EDT 

July 27 (Reuters) - Mckesson Corp :Mckesson reports fiscal 2018 first-quarter results.Sees FY2018 adjusted earnings per share $11.80 to $12.50.Q1 adjusted earnings per share $2.46.Q1 GAAP earnings per share $1.44 from continuing operations.Q1 revenue $51.1 billion versus I/B/E/S view $51.23 billion.Q1 earnings per share view $2.83 -- Thomson Reuters I/B/E/S.Sees FY2018 GAAP earnings per share $7.10 to $9.00 from continuing operations.Says board of directors approved raising quarterly dividend by 21 pct from 28 cents to 34 cents per share..FY2018 earnings per share view $12.11 -- Thomson Reuters I/B/E/S.Says Q1 results included lapping effect of lower profit contribution from increased price competition in co's independent pharmacy business in 2017.Says Q1 results also included weaker pharmaceutical manufacturer pricing trends in U.S. Pharmaceutical business within distribution solutions segment.  Full Article

Three U.S. state treasurers ask McKesson to help address opioid epidemic
Tuesday, 25 Jul 2017 12:13pm EDT 

July 25 (Reuters) - State Treasurers of Illinois, Pennsylvania and West Virginia::State Treasurers of Illinois, Pennsylvania and West Virginia send letter to McKesson Corp to help address heroin and opioid epidemic.State Treasurers of Illinois, Pennsylvania, West Virginia ask McKesson to change company bylaws to provide for an independent board chair - letter.Treasurers of Illinois, Pennsylvania, West Virginia ask McKesson to connect executive compensation with progress in combating opioid epidemic - letter.Should McKesson not act upon request, treasurers will re-evaluate state’s investment position in company.  Full Article

McKesson reaffirms fiscal 2018 guidance
Wednesday, 28 Jun 2017 08:30am EDT 

June 28 (Reuters) - McKesson Corp :McKesson reaffirms fiscal 2018 guidance.FY2018 earnings per share view $12.14, revenue view $205.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Mckesson CEO John Hammergren's FY2017 total compensation was $20.1 mln
Friday, 16 Jun 2017 08:33am EDT 

June 16 (Reuters) - Mckesson Corp :CEO John Hammergren's FY 2017 total compensation was $20.1 million versus $23.6 million in fy 2016 - SEC filing.CFO James Beer total compensation in 2017 was $5.1 million versus $6.1 million in 2016.Executive vice president and group president, Paul Julian total compensation in 2017 was $13.1 million versus $15.1 million in 2016.  Full Article

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Bayer hires new blood to stem 'Amazon effect' in consumer health

FRANKFURT German drugmaker Bayer has hired the head of Nestle's baby food business to help it reverse a drop in revenue from consumer health brands, which often fail to appeal to buyers on Amazon and other online platforms.