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in
Alabama, the drug product was removed from the original glass vials and multiple vials of the product were pooled in untested plastic containers. Then the drug, including the overfill, was extracted and repackaged into syringes. By harvesting the overfill, ABC was able to create more doses than it bought from the original vial manufacturers and avoid opening some of the vials. ABC retained the unopened vials and sold them to other customers and to its subsidiary ABDC for resale. During the 13 years the PFS Program was in operation, MII manufactured thousands of syringes daily, and eventually over one million syringes per year. These syringes were sold throughout the United States. Approximately 57% of the patients who were injected with the PFS were Federal Health Care Program beneficiaries. The profit from the PFS Program was between $ 2.3 and $ 14.4 million annually for a total profit of at least $ 99.6 million.
811:
which it leveraged to obtain new customers and to keep existing customers who purchased its entire portfolio of oncology drugs. ABC excluded the entire PFS Program from its standard regulatory audit and pedigree compliance programs. AmerisourceBergen's stock price reportedly plummeted after they were among other drug distributors who offered $ 10 billion to settle their portion of the
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700:, while HHS would continue to work together with state governments and AmerisourceBergen to allocate shipments of remdesivir vials to American hospitals through the end of September 2020, and in exchange, during that time-frame American patients would be allocated over 90% of Gilead's projected remdesivir output of more than 500,000 treatment courses.
135:
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As part of the civil settlement, ABC admitted that between
January 2001 and January 2014, MII and OSC operated a program that created, packed and shipped millions of PFS to oncology practices for administration to vulnerable cancer patients (the PFS Program). At MII, an ABC subsidiary located
595:
AmerisourceBergen has 26 pharmaceutical distribution centers in the US, nine distribution centers in Canada, four specialty distribution centers in the US, and over 1 million square feet of packaging production capacity in the US and the UK. With the addition of World
Courier, the largest specialty
810:
ABC’s scheme enabled it to bill multiple health care providers for the same vial of drug, causing some of those providers to bill the
Federal Health Care Programs for the same vial more than once. The scheme also enabled ABC to increase its market share by offering various product discounts,
634:
is an
American retailers' cooperative network of more than 3,400 independently owned and operated pharmacies. It has a business affiliation with AmerisourceBergen, which sponsors the network and owns the name "Good Neighbor Pharmacy." Good Neighbor Pharmacy is the sponsor for "Thought Spot" the
708:
For the fiscal year 2019, AmerisourceBergen reported earnings of US$ 1.11 billion, with an annual revenue of US$ 179.58 billion. AmerisourceBergen's shares traded at over $ 88 per share, and its market capitalization was valued at over US$ 19.2 billion in
September 2019.
775:
In
January 2022, AmerisourceBergen, McKesson, Cardinal Health, and Johnson & Johnson agreed to pay $ 26 billion to settle with all but five of the states suing them. Had the states gone to court, the companies could have faced up to $ 95 billion in penalties.
599:
AmerisourceBergen operates its pharmaceutical distribution business under four primary units: AmerisourceBergen Drug
Corporation (ABDC), AmerisourceBergen Specialty Group (ABSG), AmerisourceBergen Consulting Services (ABCS) and World Courier. In March 2016
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AmerisourceBergen was formed in 2001 following the merger of AmeriSource Health
Corporation and Bergen Brunswig Corporation. David Yost was CEO of Amerisource prior to the merger and remained in the position after the companies merged.
745:
crisis. The lawsuit is filed under the
Michigan Drug Dealer Liability Act. AmerisourceBergen was among four companies who, because of their role in the addiction crisis, agreed to pay $ 260 million to two Ohio counties.
1226:
1618:"AmerisourceBergen Corp. To Pay $ 625 Million To Settle Civil Fraud Allegations Resulting From Its Repackaging And Sale Of Adulterated Drugs And Unapproved New Drugs, Double Billing And Providing Kickbacks"
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sued AmerisourceBergen in Bryan County District Court, Oklahoma. The lawsuit alleged that the company's actions helped fuel Oklahoma's opioid crisis. The suit was filed along with lawsuits against
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1587:"AmerisourceBergen Corporation Agrees to Pay $ 625 Million to Resolve Allegations That it Illegally Repackaged Cancer–Supportive Injectable Drugs to Profit From Overfill"
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In March 2012, AmerisourceBergen agreed to acquire World Courier Group Inc, a transportation and logistics provider for the biopharmaceutical industry, for $ 520 million.
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On October 1, 2018, Amerisourcebergen agreed to pay $ 625M to resolve allegations that it had illegally repackaged and distributed oncology-supportive injectable drugs.
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They provide drug distribution and consulting related to medical business operations and patient services. They also distribute a line of brand name and generic
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In January 2015, the company bought MWI Veterinary for $ 2.5 billion. In October, they agreed to buy PharMEDium, a compounding drug company, for $ 2.58 billion.
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Inc. announced it would exercise an option to purchase 22.7 million shares of AmerisourceBergen stock and thereby control 15% of the company.
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In October 2018, AmerisourceBergen agreed to pay $ 625 million to settle civil fraud allegations resulting from its repackaging and sale of
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AmerisourceBergen handles about 20% of all of the pharmaceuticals sold and distributed throughout the United States and ranked 10th on the
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centers. They also provide pharmaceuticals and pharmacy services to long-term care, workers' compensation and specialty drug patients.
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AmerisourceBergen: The biggest Pennsylvania company you never heard of, by David Sell, Philadelphia Inquirer, July 15, 2012
680:
for approximately $ 6.5 billion, made up of $ 6.275 billion in cash and 2 million shares of AmerisourceBergen common stock.
1227:"Walgreens Boots Alliance Completes Strategic Transaction with AmerisourceBergen Divesting Alliance Healthcare Businesses"
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1485:"Cardinal Health, McKesson, AmerisourceBergen, Teva agree to $ 260M opioid settlement with Cuyahoga, Summit counties"
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1510:"Attorney General Hunter Refiles Lawsuits against Three Leading Opioid Distributors | Oklahoma Attorney General"
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In 2011, the company acquired IntrinsiQ for $ 35 million and Premier Source for an undisclosed amount. In July,
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On January 3, 2018, AmerisourceBergen acquired H. D. Smith, the largest privately-held national pharmaceutical
601:
552:(OTC) health care products and home health care supplies and equipment to health care providers throughout the
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In. May 2024, Cencora disclosed it had been the subject of a cyber incident. Patient informative was exposed.
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courier company in the world, over 150 company-owned offices around the globe were added to the company.
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1441:"Michigan Goes After Opioid Distributors; Files Lawsuit Under Michigan Drug Dealer Liability Act"
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1654:"AmerisourceBergen to pay $ 625M to settle whistleblower case for selling cancer vial overfills"
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became the first state to sue AmerisourceBergen and three other opioid distributors as
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1562:"Washington state, in $ 95 billion opioid trial, blames drug distributors for crisis"
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1273:"Trump Administration Secures New Supplies of Remdesivir for the United States"
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1732:"McKesson, Cardinal, AmerisourceBergen offer $ 10 billion opioid settlement"
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that was formed by the merger of Bergen Brunswig and AmeriSource in 2001.
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1329:"Opioid distributors sued by West Virginia counties hit by drug crisis"
850:"AmerisourceBergen, Form 8-K, Current Report, Filing Date Aug 30, 2001"
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AmerisourceBergen is among several distributors that have been sued by
1807:
572:, clinics and other alternate site facilities, as well as nursing and
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On June 2, 2021, AmerisourceBergen acquired Alliance Healthcare from
1536:"Most U.S. local governments opt to join $ 26 bln opioid settlement"
730:, by shipping inordinate amounts of pain medication into the state.
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may have been created or edited in return for undisclosed payments
1639:
This article incorporates text from this source, which is in the
1819:
1705:"Opioid Distributors Propose $ 10 Billion to End State Claims"
1037:"AmerisourceBergen Announces Intent to Change Name to Cencora"
614:
The company has announced its intention to change its name to
342:
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29:
926:"UPDATE 2-Amerisource CEO Yost to retire, Collis to succeed"
1776:
1363:"West Virginia Sues Drug Distributors in Pill-Abuse Fight"
1246:"Remdesivir, the First Coronavirus Drug, Gets a Price Tag"
583:
list for 2020 with over $ 179 billion in annual revenue.
150:. It may require cleanup to comply with Knowledge (XXG)'s
1415:"Major health care companies keep getting taken to court"
692:, the first coronavirus drug. HHS agreed to manufacturer
1140:"AmerisourceBergen to buy PharMEDium for $ 2.58 billion"
978:"Walgreens Boots buys bigger stake in AmerisourceBergen"
688:
announced an unusual agreement for the distribution of
501:
281:(merger between AmeriSource Health and Bergen Brunswig)
105:
607:
In 2012, the firm was the largest by revenue based in
1166:"AmerisourceBergen Completes Acquisition of HD Smith"
1197:"Former H.D. Smith workforce reducing to 25 locally"
2082:
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1303:"Financial Reports | AmerisourceBergen Corporation"
768:that every adult resident there could have had 144
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1112:"AmerisourceBergen to acquire World Courier Group"
686:U.S. Department of Health and Human Services (HHS)
1327:Higham, Scott; Bernstein, Lenny (March 9, 2017).
1388:"Drug firms shipped 40M pain pills a year to WV"
836:United States Securities and Exchange Commission
2136:Companies listed on the New York Stock Exchange
2131:Companies based in Chester County, Pennsylvania
897:"AmerisourceBergen Added to S&P 500 index"
2146:Pharmaceutical companies of the United States
1831:
1680:"Wall Street's fear of an opioids settlement"
1439:Rossman-Mckinney, Kelly (December 17, 2019).
515:Financials as of September 30, 2023.
8:
2141:Pharmaceutical companies established in 2001
1277:U.S. Department of Health and Human Services
194:
2161:Health care companies based in Pennsylvania
1445:Michigan Department of the Attorney General
64:Learn how and when to remove these messages
1838:
1824:
1816:
952:"AmerisourceBergen Acquires World Courier"
200:
193:
1459:"Michigan Legislature - Section 691.1605"
212:AmerisourceBergen Corporation (2001–2023)
180:Learn how and when to remove this message
1081:"AmerisourceBergen buys Premier Source"
1009:"Eight area companies make Fortune 500"
823:
2151:American companies established in 2001
872:"AmerisourceBergen | 2020 Fortune 500"
815:. States countered with $ 45 billion.
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832:"US SEC: Form 10-K AmerisourceBergen"
7:
1279:(HHS). June 29, 2020. Archived from
976:Leeclaire, George (March 18, 2016).
920:
918:
726:governments for contributing to the
652:replaced Yost as CEO of the company.
1560:Raymond, Nate (November 16, 2021).
1087:. September 2, 2011. Archived from
146:, a violation of Knowledge (XXG)'s
1896:George Institute for Global Health
1534:Raymond, Nate (January 27, 2022).
1483:Ghose, Carrie (October 21, 2019).
1063:"AmerisourceBergen buys IntrinsiQ"
25:
1783:Business data for Cencora, Inc.:
1413:Herman, Bob (December 18, 2019).
801:providing kickbacks to physicians
45:This article has multiple issues.
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2156:Companies based in Philadelphia
564:, independent and chain retail
512:Footnotes / references
53:or discuss these issues on the
1847:Contract research organization
741:for their role in the state's
534:contract research organization
1:
1307:AmerisourceBergen Corporation
1110:Sell, David (March 6, 2012).
1067:Philadelphia Business Journal
1014:Philadelphia Business Journal
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698:wholesale acquisition price
272:; 23 years ago
27:American healthcare company
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1980:Clinical and Healthcare IT
1871:Charles River Laboratories
1866:Cancer Trials Support Unit
1361:Jon Kamp (June 27, 2012).
1244:Kolata G (June 29, 2020).
1201:The State Journal-Register
635:annual trade show held in
291:Conshohocken, Pennsylvania
2042:Tata Consultancy Services
1956:WIL Research Laboratories
1116:The Philadelphia Inquirer
751:Oklahoma Attorney General
618:, effective in mid-2023.
568:, mail-order facilities,
510:
199:
2110:Thermo Fisher Scientific
1921:Labcorp Drug Development
813:national opioids lawsuit
678:Walgreens Boots Alliance
602:Walgreens Boots Alliance
474:Walgreens Boots Alliance
1489:Columbus Business First
1392:Charleston Gazette-Mail
556:, including acute care
1463:www.legislature.mi.gov
632:Good Neighbor Pharmacy
627:Good Neighbor Pharmacy
2105:Syngene International
1176:on September 26, 2018
156:neutral point of view
1069:. September 6, 2011.
1041:www.businesswire.com
838:. November 21, 2023.
793:unapproved new drugs
524:, formerly known as
106:improve this article
1961:WNS Global Services
1941:PRA Health Sciences
1881:Craven Laboratories
482:Number of employees
196:
110:independent sources
2057:UnitedHealth Group
2037:Oracle Corporation
2027:Medidata Solutions
1966:Wolfe Laboratories
1251:The New York Times
1043:. January 24, 2023
980:. Associated Press
733:In December 2019,
684:In June 2020, the
327:Richard C. Gozon (
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1854:Clinical Research
1624:. October 1, 2018
1593:. October 1, 2018
1275:(Press release).
1170:AmerisourceBergen
1146:. October 6, 2015
903:on March 22, 2016
852:. secdatabase.com
789:adulterated drugs
528:, is an American
526:AmerisourceBergen
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1711:. August 6, 2019
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1203:. Archived from
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550:over-the-counter
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334:Steven H. Collis
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758:Cardinal Health
728:Opioid epidemic
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1394:. May 17, 2015
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1566:Reuters
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616:Cencora
587:History
502:cencora
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