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Archive for August, 2017

Cardinal Health profit declines as generic drug prices deflate

Icon Written by Alex on August 3, 2017 – 7:41 pm

Cardinal Health reported an 18% drop in earnings in its fourth quarter, driven by dwindling generic drug prices, the company said Wednesday. The Dublin, Ohio-based pharmaceutical and medical products distributor saw its earnings fall to $274 million for the quarter ended June 30, down from $333 million from the same period the year before. Revenue [...]