McKesson Corporation
McKesson Corporation Web Site
Back to Directory   


 
  News Releases

McKesson Corporation (ticker: MCK, exchange: New York Stock Exchange (.N)) News Release - 6-Oct-2006

McKesson Corporation Statement Regarding First DataBank Settlement

SAN FRANCISCO--(BUSINESS WIRE)--Oct. 6, 2006--McKesson Corporation is aware of the proposed settlement between database publisher First DataBank and plaintiffs in the litigation discussed in today's Wall Street Journal. McKesson is a defendant in that litigation. We believe the claims against McKesson have no merit and we will defend ourselves vigorously.

The settlement relates to average wholesale prices (AWP) established for branded drugs several years ago.

McKesson does not set AWP. First DataBank sets AWP. In the period covered by the litigation, McKesson believed it was one of three national wholesalers that First DataBank surveyed to derive its published average wholesale prices. If First DataBank decided to survey McKesson only, it did so without telling McKesson. In fact, First DataBank has affirmed in an earlier lawsuit involving other parties that it never told McKesson that at times McKesson was the only wholesaler being surveyed.

About McKesson

McKesson Corporation (NYSE:MCK), currently ranked 16th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care. Over the course of its 173-year history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare, and payors; hospital and retail pharmacy automation; and services for manufacturers and payors designed to improve outcomes for patients. For more information: www.mckesson.com

CONTACT: McKesson Corporation
Investors and Financial Media:
Larry Kurtz, 415-983-8418
Larry.Kurtz@McKesson.com
General and Business Media:
Kate Rohrbach, 415-983-9000
Kate.Rohrbach@McKesson.com

SOURCE: McKesson Corporation