CVS Caremark, Cardinal Health Form Generic Drug Supply JV

Law360, New York (December 10, 2013, 3:10 PM EST) -- CVS Caremark Corp. and Cardinal Health Inc. will launch a joint venture that will serve as the largest generic drug sourcing entity in the U.S., the companies announced Tuesday.

The 50-50 joint venture may start operating as early as July 1, 2014, marking a sourcing and supply chain collaboration between CVS Caremark, the largest pharmacy health care provider in the U.S., and Cardinal Health, a leading health care services company that provides drug distribution services to its retail pharmacies.

The joint venture will operate for an...
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