PHARMACY

AmerisourceBergen’s acting CFO offered full-time gig

BY Allison Cerra

VALLEY FORGE, Pa. — AmerisourceBergen has promoted one of its executives to serve as its finance chief, the company said Friday.

Tim Guttman — who has served as acting CFO since February, as well as VP and corporate controller for the last 10 years — has been appointed SVP and CFO, effective immediately. Guttman will report to AmerisourceBergen’s president and CEO Steven Collis.

Guttman replaced Michael DiCandilo, who left his role as EVP and CFO of the company earlier this year to pursue other interests.

"I am very pleased to appoint Tim to his new role," Collis said. "Since he joined the company 10 years ago, he has demonstrated his ability to drive financial discipline throughout the organization, and he has been an important partner in driving our operating performance. He brings a thorough knowledge of our business as well as unique perspectives from other industries to our leadership team, and I am confident that he will continue to play a key role in our future success."

AmerisourceBergen noted that it expects to fill the role of corporate controller internally.

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PHARMACY

RxAlly expands to include more than 2,000 pharmacies

BY Allison Cerra

LEESBURG, Va. — RxAlly has expanded its national network to include nine independent pharmacy organizations and 10 regional chains.

RxAlly, which launched a little less than three months ago, has grown its membership by more than 2,000 pharmacies totaling over 22,000.

“The addition of these esteemed independent pharmacy organizations and regional chains to our network makes us that much stronger as a national alliance,” RxAlly CEO Bruce Roberts said. “The continued expansion of our network is testament to the importance of advancing the role of local pharmacists and improving our health care system.”

The newest independent pharmacy organizations members of RxAlly include:

  • Association of Northwest Pharmacies of Washington state;

  • CBI Pharmacy Network of Oklahoma;

  • Keystone Pharmacy Purchasing Alliance of Pennsylvania;

  • Northeast Pharmacy Service of Massachusetts;

  • Partners in Pharmacy Cooperative of Wisconsin;

  • Pharmacy Franchisees and Owners Association of Missouri;

  • Rochester Drug Cooperative of New York;

  • RxPlus Pharmacies of Colorado; and

  • Value Drug of Pennsylvania.

The newest Regional Chain members of RxAlly are:

  • Doc’s Drugs of Illinois;

  • Drug Emporium of West Virginia;

  • Fruth Pharmacy of West Virginia;

  • Hi-School Pharmacy of Washington state;

  • Hometown Pharmacy of Wisconsin;

  • Lifechek Drug of Texas;

  • Osborn Drug of Texas;

  • Reasor’s Pharmacy of Oklahoma;

  • Sav-Mor Drug Stores of Minnesota; and

  • U-Save-It Pharmacy of Georgia.

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New office to help integrate Actavis into Watson

BY Alaric DeArment

PARSIPPANY, N.J. — Generic drug maker Watson Pharmaceuticals has formed a special office to handle its pending acquisition of Actavis, the company said.

Watson announced the formation of the global integration management office, which will report directly to president and CEO Paul Bisaro and focus on integrating the Zug, Switzerland-based generic drug maker, which Watson announced it would acquire last month.

Marc Lehnen, a partner with consulting firm McKinsey & Co., has been hired to lead the office in the newly created position of SVP global integration management, a position he will assume on July 1.

"Watson is committed to integrating the combined assets of our company and Actavis as rapidly and as seamlessly as possible to recognize the combined potential of the global organization and to implement appropriate planning and execution processes to capitalize on the potential synergies that will result from this combination," Bisaro said.


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