MADISON, N.J. — Pharmacy benefit manager Medco Health Solutions is donating $5 million toward the construction of a new school of pharmacy in New Jersey.
Franklin Lakes, N.J.-based Medco announced that the Medco School of Pharmacy at Fairleigh Dickinson University would be New Jersey’s first pharmacy school affiliated with an independent university. The school will admit 85 students per year.
“For the last decade, Medco has pioneered new pharmacy practice models, with a particular focus on personalized medicine and specialized care for patients with chronic conditions in an effort to improve the overall health of our members and reduce costs for payers,” Medco chairman and CEO David Snow said. “We are proud to work with Fairleigh Dickinson University in the opening of the Medco School of Pharmacy and to offer our experiences and expertise in support of a new generation of pharmacy school graduates who will be able to apply their education across a wide range of healthcare fields.”