A Medical Device Daily
Cardinal Health (Dublin, Ohio) has renewed its distribution agreement with CVS Caremark (Richardson, Texas) to supply pharmaceuticals to its national network of retail pharmacies through mid-2013.
"We have a long-standing partnership with CVS Caremark, and we are proud to continue this important relationship," said George Barrett, vice chairman of Cardinal Health and CEO of the Healthcare Supply Chain Services segment. "The footprint of the agreement is expected to be fundamentally the same as our existing relationship, and the economic terms for Cardinal Health were already incorporated into our previous disclosure for fiscal 2010, given during our Investor Day event on June 2."
Additional terms of the agreement were not disclosed.
In other agreements/contracts news, General Dynamics Information Technology, a business unit of General Dynamics (Fairfax, Virginia), has been awarded a $9.2 million, three-year contract to support the U.S. Army Medical Command (MEDCOM) and Office of the Surgeon General.
General Dynamics will support the Army MEDCOM Lean Six Sigma Concepts and Methodologies program by providing instruction and consulting services to internal organizations for MEDCOM's Director of Strategy and Innovation.
"General Dynamics is thrilled to provide its Lean Six Sigma experience and expertise to the U.S. Army Medical Command," said Ken Hess, VP and GM at General Dynamics Information Technology. "We will lend our organizational capabilities, traditionally used with supply chain management, to MEDCOM for achievement of sustained results and mission success of promoting, sustaining and enhancing soldier health."