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
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