Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services

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Walgreens to help bring cell and gene therapies to patients as it expands specialty pharmacy services
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Among the company’s investments to “transform” its specialty pharmacy services is the opening of a new facility dedicated to cell and gene…

Walgreens said it will start working directly with drugmakers to bring cell and gene therapies to U.S. patients as part of a broader effort to expand its specialty pharmacy services.

As the company moves to"transform" its specialty pharmacy services, it will open a newly licensed facility in Pittsburgh dedicated to cell and gene therapy services.The company said it is launching a new business unit dedicated to its specialty pharmacy segment, which will include specialty pharmacy subsidiarySpecialty pharmacies provide medications that require extreme care in handling, storage and distribution.

Among the company's new investments to"transform" its specialty pharmacy services, it will open a newly licensed facility in Pittsburgh dedicated to services for cell and gene therapies. The 18,000-square-foot center will help drugmakers and health-care providers navigate the complex supply chain for those treatments and manage patient needs, among other issues.Walgreens' decision to launch cell and gene therapy services comes after a surge in approvals of those drugs in the U.

Under the new unit, patients of AllianceRx and the company's nearly 300 community-based pharmacies now have access to resources that will"build upon the expert care they already receive from their specialty pharmacist," Walgreens said in the release. That includes clinicians with key disease expertise, nutritionists and nurses.

The company also offers more than 1,300 specialty drugs, including 240"limited distribution" drugs that few specialty pharmacies have access to.Forget Nvidia: Morgan Stanley says Intel's much-hyped AI chip will boost 3 global stocksBank of America upgrades Tesla, says first-quarter report opens door for strong gains aheadWells Fargo becomes bullish on this biotech company

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