34 Burst results for "Cardinal Health"
"cardinal health" Discussed on News-Talk 1400 The Patriot
"Have the traffic and weather four times an hour on Bruce Bennett on the patriot act I won a one point five AM fourteen how I'm Jim chest so if your money now the pandemic has cut deeply into auto sales but for Detroit in particular one corner the market has held up relatively well pickup trucks with automakers offering aggressive finance deals and trucks often needed for work sales of pickups have been dropped as precipitously as other types of vehicles and are expected to bounce back faster as the market recovers new vehicle sales overall tumbled nearly fifty percent from a year ago in April while truck sales dropped just twenty one percent stocks are flat to higher today the Dow industrials right now are unchanged the S. and P. five hundred up a mere nine points the tech heavy nasdaq up eighty six cardinal health is out with quarterly results that handily topped estimates on both the top and bottom lines the drug distributor and health services company reported per share earnings of a dollar sixty two on revenue of thirty nine point two billion dollars with some of the businesses reporting increased volume related to the coronavirus pandemic cardinal health shares are up six percent that's your money now at Fisher investments we do things differently and other money managers don't understand why because our way works great for us but it may not work for your clients that's why Fisher investments as a fiduciary obligated to put clients first is the highest standard for a financial adviser so what do you provide cookie cutter portfolios like the rest of us no cookie cutter portfolios here Fisher investments Taylor's portfolios to meet each client's goals and needs but you do sell investments that are new high commissions right and make commissions when you make trades for clients no Fisher investments doesn't sell any commission investment products and we never earn commissions on trades so what's in it.
States Spurn Drug Industry's Opioid-Settlement Offer
"More than twenty state attorneys general reportedly have rejected an eighteen billion dollar settlement offer from three major drug wholesalers this stems from litigation over their alleged role in the opioid crisis the Wall Street journal says the states want the wholesalers to contribute between twenty two billion and thirty two billion dollars talks between the states and McKesson AmerisourceBergen and cardinal health have been going on since at least last October McKesson AmerisourceBergen today are focused on a global settlement structure cardinal health did not
Surgical gown recall leaves medical centers scrambling
"And now this a warning about medical down surgeries across the country are being canceled due to a shortage of surgical gowns CBS news medical correspondent Dr John the poop reports the FAA is recalling millions of them because they may not be sterile when cardinal health recalled nine million of its surgical gowns medical centers around the country began to scramble this is a big disruption Alan Levin CEO of ballot health in Tennessee says they had to reschedule two hundred surgeries we still don't know whether we've hit the worst of this yet or not yesterday the company admitted that a Chinese contractors supplying some of its Gans was using factories not registered with the FDA the company has said these facilities did not maintain proper environmental conditions problems included gallons exposed to contaminants through open windows failure to provide hand sanitation and operators eating in the production area in twenty eighteen the cardinal health caught the same supplier using an unregistered factory back then the company did testing and concluded there was no impact to its products it did not tell the FDA this is surgical tubing spun sticks the gals are often included in the package along with other surgical equipment all the objects inside the surgical pack are supposed to be sterile but that's the problem because they can't guarantee that the gallon is sterile it could have contaminated other objects here there's been an increasing concern about the reliability of the supply chain we asked the FDA if conducted any inspections of the unregistered subcontractors on covered by cardinal health the FDA declined to answer meanwhile cardinal health tells us it's no longer working with that Chinese contractor and is cooperating with the
Surgical gown recall leaves medical centers scrambling
"The death toll now for the corona virus in China now over two hundred and sixty today and meanwhile we're learning that millions of surgical gowns made in China are being recalled because they may not be sterile resulting in surgeries having to be rescheduled the story from CBS news medical correspondent John lookbook when cardinal health three called nine million of its surgical gowns amid concerns some might not be sterile medical centers around the country began to scramble this is a big disruption Alan Levin CEO of ballot health in Tennessee says they had to reschedule two hundred surgeries we still don't know whether we've hit the worst of this yet or not yesterday the company admitted that a Chinese contractors supplying some of its Gans was using factories not registered with the FDA the company has said these facilities did not maintain proper environmental conditions and CBS news medical correspondent John the poke
Opioid settlement reached in Ohio with drug companies
"Eighty four drug companies agreed Monday to a combined two hundred sixty million dollars settlement for their roles in the opioid crisis to avoid a federal trial that was supposed to start yesterday in northeast Ohio this is been in the works for days but for the defendants AmerisourceBergen McKesson cardinal health those of the drug distributors I tell a pharmaceutical that's an Israeli drug makers favorites to deal with Cuyahoga and summit counties here in Ohio to settle so that part of the trial with those defendants will not move forward but Walgreens which is the other defendant was not part of the deal so theoretically the Walgreens trial will move forward the judge said today in the courtroom that that date has yet to be set at CBS news correspondent Adriana de as lot of lawsuits have been filed by local governments over the opioid crisis that killed about four hundred thousand American since nineteen
Opioid settlement reached in Ohio with drug companies
"The nation's three biggest drug distributors agreed to an eleventh hour two hundred fifteen million dollars settlement over the opioid crisis into Ohio counties is correspondent Norah o'donnell last minute settlement with four major drug companies has been reached just as a landmark federal trial was about to begin in Cleveland over responsibility for the opioid epidemic the sum involved so called big three distributors Casson amor source Bergen and cardinal health paying a combined two hundred sixty million dollars to Cuyahoga and summit counties Cuyahoga county prosecutor Michael Malley we are looking to utilize this money
Opioid settlement reached in Ohio with drug companies
"The nation's three biggest drug distributors agreed to an eleventh hour two hundred fifteen million dollars settlement over the opioid crisis into Ohio counties is correspondent Norah o'donnell last minute settlement with four major drug companies has been reached just as a landmark federal trial was about to begin in Cleveland over responsibility for the opioid epidemic the sum involved so called big three distributors Casson amor source Bergen and cardinal health paying a combined two hundred sixty million dollars to Cuyahoga and summit counties Cuyahoga county prosecutor Michael Malley we're looking to
Drug companies reach settlement, averting first federal opioid trial
"The morning there's been a major development in a case to determine who bears the responsibility for America's opioid crisis this morning for drug companies reached a tentative deal in a landmark case in Ohio where the crisis is clean thousands of lives the development came less than two hours before the trial was set to begin here the latest is north country public radio's Brian man he covers opioid litigation for NPR and he joins us on Skype from Cleveland so Brian it was just a couple hours ago you and I were talking about this case and the suit was moving forward there's gonna be trial was gonna start today now there's a tentative deal working his house yeah well first of all they were very sneaky and they did these talks through the weekend and through this morning behind closed doors so this was a surprise to everybody but yes there is a tentative deal now and it's with four companies involved three of the major drug distributors in the country including the cats and then cardinal health also the drug maker tavern and what they've agreed to do is pay out about three hundred million dollars in total that's cash but also some medical supplies that they're going to donate what's interesting here is that this only involves two Ohio counties right this is not a global national deal this is only for summit in Cuyahoga county counties and so this leaves some big questions about what this will mean for the rest of the country right so I'll ask about that minute but first if if for companies are part of the cell the settlement does that mean the remaining two are still going to trial what's gonna happen now the Walgreens and one other firm essentially Savile or severed from this deal and also suffered from this trial so this trial is not now going to go forward what will happen is that they will be bundled together with all of the thousands of other lawsuits that are still unresolved that will go forward and essentially there will still need to be some future test case to determine their liability and also with the larger liability for the entire pharmaceutical industry I mean all it's my understanding all of the companies have been pushing for some kind of settlement because presumably going to trial just makes them look worse in some way yes it is it's terrible P. R. what's come out through this litigation over the last year has been devastating for the pharmaceutical industry internal documents emails that have shown a lot of alleged wrongdoing as though that's bad the other thing that's happening here Rachel is that these companies are scrambling to find a global solution right we're talking hundreds of millions of dollars here for just two relatively small Ohio counties you multiply that by all the counties in the country it by this opioid epidemic and it's sort of death by a thousand cuts so by settling this now what these companies do is by themselves some time to go back to the bargaining table with state attorneys general and others and try to hash out something on the scale of the tobacco deal of the nineteen nineties that really puts this all behind the industry they didn't get that done here it's still just a local deal but it does by the more time to go back to the bargaining table while I'm at at this point range of any sense of where all of that money that is that's been agreed to and in the settlements where it's gonna go I mean you mentioned just these two counties yeah so someone kind of hokey counties have begun talking about how they're going to spend this money and and you know we have clinics and law enforcement in foster care programs all the different social service programs that have been hit hard by the opioid epidemic and and what's also gonna be happening now is thousands of other communities around the US are going to be sort of reading the tea leaves if these two counties were able to get this much relief by suing should we sued to should be signed on to these big consolidated federal cases that are moving forward so really in terms of the policy making how you operate at them because going to be treated this is just another sort of data point everybody now is going to be kind of
Reckoning with U.S. opioid crisis as $8 billion Ohio trial kicks off
"Who bears the responsibility for the opioid crisis in this country two decades and more than two hundred thousand overdose deaths later today is the first in the opioid epidemic that aims to answer that crucial question the first landmark federal opioid trial begins this morning in Cleveland six companies that earn billions of dollars making distributing and selling opioids are being sued by two counties in Ohio the trial is seen as a bellwether test the jury's decision will establish liability for the entire drug industry for the role that it played fueling the epidemic north country public radio's Brian man covers opioid litigation for NPR he joins us from Cleveland Brian thanks for being here hi Rachel these companies being sued include some big names Walgreens McKesson cardinal health they were all hoping to avoid a trial right to try to negotiate a cell as a settlement even up to the last minute what happened why couldn't they get that done yeah I was pretty intense in the last days top executives flew her to Cleveland to meet with the judge overseeing this case and a source involved with the talks told NPR companies were offering a billion dollars a year over the next eighteen years and also offering to donate billions of dollars worth of prescription drugs to be used to help people suffering from addiction that sounds like a lot but given the scope of this epidemic you know hundreds of thousands of Americans dead many more suffering now from addiction communities and some state attorneys general they just wanted companies to pay more so now the trial's going forward thousands of communities obviously are going to be watching this just describe what's on the line for them yeah I've been speaking over the last year to a lot of local officials and first responders medical professionals and they just said they need money to fight this epidemic to pay for things like law enforcement in hospitals and foster care programs a lot of people are still dying in this epidemic so if there is a big payout that money could say lot save lives critics of the drug into he said there's something else at stake here too Rachel a sense of accountability and justice Kathryn Clark is a congresswoman I spoke with in Massachusetts we have to make an example of this corporate greed that delivered such devastation to communities throughout this country so you know there's a lot of anger out there this trial's going to test whether that anger really translates into arguments that hold up in court I should add the Johnson and Johnson lost a civil trial this summer in a state court in Oklahoma so you know if the industry loses again here in this federal court it will start to look like a trans so how do they avoid that what arguments of the companies making what the big argument is that they're selling a highly regulated product that you can't buy without a prescription the federal government did know all along how many pills they were selling so you know the companies are going to make the case to this jury that it was a regulatory failure a government tell your and and not a corporate failure I understand there's a new argument being made here by the communities who are are doing the suing in in this case it's it's around a public nuisance claim can you explain this yeah this is actually fascinating rates on it could have big ramifications he's opioid lawsuits claim the drug companies created a public nuisance selling these medications so aggressively public nuisance laws never been used in exactly this way before so this parts experimental and some conservative legal thinkers especially those working for the drug industry hope the jury won't go for it they say the job of solving big public problems like the opioid epidemic should belong to state legislatures and Congress not the courts here's Luther strange is a former Republican senator from Alabama now a private attorney working for members of the Sackler family who own Purdue pharma he spoke about these public nuisance lawsuits to a gathering of the federalist society I've read actually written on this recently it's because it is a blooming problem it comes up the system it prevents the ease of settlement of large cases now and just in the opioid world you have two thousand towns and cities and municipalities now she's a pretty form is not on trial in this case they filed for bankruptcy last month so their liabilities being hashed out in a different court but this federal trials can impact the rest of the industry testing whether thousands of these public nuisance lawsuits will hold up if they do hold up in this court the payouts could be on the scale of the tobacco settlements of the
Drug companies avert landmark opioids trial as talks on settlement set to resume
"It's been two decades since pharmaceutical companies on least opioids in America causing over four hundred thousand deaths and today is the first day in a landmark trial between two counties in Ohio and drug makers and distributors to jury trial is set to begin in Cleveland after last minute settlement talks between many of the parties involved broke down last week two counties are bringing the suits against pharmaceutical companies the plaintiffs include McKesson cardinal health and AmerisourceBergen Walgreens and teva five drug makers including Purdue pharma and Joe on Johnson and Johnson already settled with the two counties as did a small distributor over the weekend the plaintiffs are seeking eight billion
Judge summons drug company CEOs to discuss opioid settlement: source
"The jury was seated for the first federal trial on the opioid crisis but the push to settle the case before opening arguments next week's continue US district judge Dan poster had ordered executives for the companies that are defendants to appear in Cleveland for continued negotiation opening arguments are scheduled for Monday with two county governments arguing the company is engaged in a conspiracy that has ravaged their communities all the companies say they comply with the law and supplied only the drugs the doctors prescribe the drug distribution companies AmerisourceBergen cardinal health and McKesson manufacturers to have a and Johnson and Johnson all have the outlines of a settlement to thousands of opioid related lawsuits that could be worth fifty billion dollars
Drug Makers Consider $18 Billion Settlement in Opioid Crisis
"Drug companies are trying desperately to reach a settlement on thousands of opioid lawsuits that's because they'll be in federal court on Monday in Cleveland if they don't NPR has learned that the judge handling the case has already rejected one proposed deal that was valued at about eighteen billion dollars and the New York Times reported late yesterday that a new settlement proposal is now on the table it is worth as much as fifty billion Brian man with north country public radio covers opioid litigation for NPR good morning Brian I know so a lot up in the air here we're do things stand right now yeah we know the talks are intense there is this deadline looming because of Monday start of the trial judge Dan pollster who's running the show is keeping a very tight lid on these negotiations so none of the companies involved are confirming those dollar figures what they have said is that they want to deal big drug distributors like McKesson AmerisourceBergen and cardinal health and also drug makers like tavern and Johnson and Johnson they want some kind of global settlement it'll end this seemingly endless wave of opioid lawsuits more than twenty three hundred suits have been filed okay so they want to deal just to get out of this to get through this so far no deal yet not yet we heard from attorneys representing a lot of these local governments that are suing late last night they said no deal has happened yet one wrinkled no well is that the drug industry seems to want a lot of control over how settlement money would be spent what programs the dollars would find and they also won a lot of the payout to come in the form of medication addiction relief drugs and product that they would give not actual cash and a lot of these companies communities I should say say they need money they've spent billions of dollars on law enforcement and we have programs in foster care so they want money another big issue in these talks is whether or not firms will admit to any wrongdoing at the deal that we heard about last month with Purdue pharma they refused to have college any wrongdoing in the opioid epidemic and and that failure to admit responsibility has driven some states to reject the deal alright so while these talks are under way with tens of billions of dollars on the line what is happening with this trial so far it's still moving forward all the machinery of jury selection is going on that took place yesterday and will happen again today so the pressure gets more intense day by day to reach some kind of deal before those opening arguments happen at nine AM Monday I understand this is supposed to be a big test case no well I mean the trial if it goes forward would establish the full scope of the drug industry's liability for this epidemic and interestingly the judge overseeing the trial judge poster has said to openly he prefers a settlement he'd like for this to get resolved why why not why not go to trial well I think the big thing is for everyone involved a trial equals uncertainty and a lot of risk companies that made and distributed opioids have been losing in court Johnson and Johnson lost a big civil trial this summer in Oklahoma valued at hundreds of millions of dollars in back in may a jury found executives with insist therapeutics guilty on criminal charges so the liability could be massive if this jury in Cleveland fines against the industry and forces it to pay to clean up this opioid epidemic there's also just a lot of bad PR that could come from this so that's something these companies want to avoid all right Bryan man thanks so much thank you know well Brian man with north country public radio covers opioid litigation for NPR and he will be in
An $18 Billion Proposal to Settle Opioid Litigation
"We're reporting that three big drug distributors are in talks to pay eighteen billion dollars to settle charges that they opt fuel the OPIOID epidemic the company's mckesson Amarah Spergon and cardinal health are still in negotiations but if a deal is finalized the settled that would be the first to achieve a broad resolution of the opioid lawsuits outside of bankruptcy Charlie Turner has been finding out more from Sarah Reynoso Sir what are the terms of the settlement as far as what you've been told yes so it's still a proposed deal at this point but the idea would be that the three big drug distributors would pay eight keenum billion dollars over a span of eighteen years to resolve all of this opioid litigation and this is just the latest development involving opioid litigation there have been more than two thousand lawsuits so far having their that's right yeah that's there's been tons of moving parts there has been trials underway another trial scheduled the distributors are much more financially solvent so bankruptcy isn't really on the table for them what exactly do these lawsuits seek does it volve compensating communities for the costs of the opioid crisis that's right yeah ultimately what the committees are looking for his money the opioid crisis and so things like the donation of drugs or other non monetary contributions that could help them treat opioid addiction are also welcome did stem further addiction bolster foster programs things like that that have been impacted by the OPIOID crisis and hundreds of thousands of people have died over the past one
Three drug distributors in talks to settle opioid litigation for $18 billion
"Now with more than two thousand lawsuits have been filed by almost every state and numerous local governments three major drug distributors are in talks to pay eighteen billion dollars to settle sweeping litigation blaming them for fueling the opioid crisis citing people familiar with the discussions the Wall Street journal identifies the three companies as AmerisourceBergen cardinal health and McKesson the report says they would collectively play eight eighteen billion dollars over eighteen years under the potential
Companies ask judge in U.S. opioid trial to recuse himself
"The nation's biggest distributors and pharmacies are asking a federal judge to recuse himself from a major opioid trial the schedule for next month in Ohio our country public radio's Brian Mann reports a legal brief filed this morning claims the judges shown bias in the case in recent weeks don't stand posters ruled repeatedly against the drug industry in a series of pre trial motions in a case tied to the nation's deadly opioid epidemic attorneys for companies ranging from right aid in CVS to McKesson and cardinal health now see poster disqualified himself by not appearing impartial is a pollster has shown what they describe as a personal objective to do something meaningful to abate the opioid crisis poster hasn't yet responded to the motion attorneys for thousands of community suing the drug industry issued a statement calling this legal maneuver a desperate move on the eve of trial the stakes in this case high with possible settlements and penalties running into the billions of dollars Brian man NPR
Drug company attorneys seek to disqualify federal judge
"The nation's biggest distributors and pharmacies are asking a federal judge to recuse himself from a major opioid trial is scheduled for next month in Ohio a legal brief filed this morning claims judge Dan pollster has shown bias in the case north country public radio's Brian Mann reports in recent weeks don't stand posters rule repeatedly against the drug industry in a series of pre trial motions in the case tied to the nation's deadly opioid epidemic attorneys for companies ranging from right aid in CVS to McKesson and cardinal health now see poster disqualified himself by not appearing impartial is a pollster has shown what they describe as a personal objective to do something meaningful to abate the opioid crisis poster hasn't yet responded to the motion attorneys for thousands of communities suing the drug industry issued a statement calling this legal maneuver a desperate move on the eve of trial the stakes in this case are high with possible settlements and penalties running into the billions of
Cardinal Health, Ten Billion Dollars And Two Years discussed on Terry Meiners and Company
"There is some sign of progress in settling state lawsuits against major prescription drug distributors in connection with the opioid epidemic McKesson cardinal health and AmerisourceBergen have proposed paying ten billion dollars to settle claims they helped fuel the epidemic that this is the first time in two years the three of put a dollar figure on
"cardinal health" Discussed on WRVA
"McKesson cardinal health and source Bergen asserting they failed a monitor and report suspicious shipments of opioids into the state. Richard cantu. ABC news. A first layer weather day for Friday slight risk for severe thunderstorms with high temperatures in the mid seventies greatest severe weather threat will be during the afternoon look for clearing skies, breezy and cooler this Saturday. Twelve this is meteorologist Jim Dunkin for NewsRadio eleven forty WNBA. And now a ninety six point one FM. News updates to stay informed. Traffic and weather reports to make plans the right tools for your day on youth radio. W R V A. June night. I don't care if it's cloudy, right? 'cause I only have. Now. Hi. I can't see being in the sky. On the. No if. God. Crowded avenue. Maybe millions of people. This. You're listening to coast to coast AM with George Newry. We are right on the cusp of four thousand signed up members at paranormal day dot com. Just need about ten of you. It's free to sign up. Give it a try go to paranormal date dot com and have some fun. It's free to sign up by the way, paranormal date.
"cardinal health" Discussed on Outcomes Rocket
"The show notes, you'll find a link to the macro resources page, which I'll be sure to get from you Joe before the show is over or actually after the show is over. And so we'll be sure to provide that for sure. So thank you for sharing that can you share with the listeners. How potentially you've made a mistake or failed feel like we oftentimes learn more. From our setbacks. You take us to that moment. And let us know kind of what you took out of listen in twenty eight years I've made line decision. Some good some less. Good. And I agree with your thoughts on the fact that you learn more from some of your challenges failures than you do from Sony. Your successors. Let me bring the attention something that here at cardinal. We did Burley earlier in history. We as a group here at cardinal underestimated, the importance of the specialty marketplace, we sort of underinvested in the area, and we paid for that. We are one of the smaller of the major players in. This space. But it's interesting when we course corrected it gave us a unique advantage. You know, I always say I don't mind being the third player in in working my way up because I'll know what it took to get to number one when we get there. And I'll always be able to understand how to navigate through that. But as we looked at the market and some of the challenges in coming late to it. We haven't built sort of the infrastructure that other companies may have that already in place in set in stone in there's a benefit to that. Especially in the dynamic specialty marketplace that we work in it's evolving. So we're not stuck in this power. Not we're not stuck with the infrastructure way of thinking, and we're able to be a bit more nimble. You always say, wow, nimble fortune fifty company. Yes, you can be nimble as long as you understand the market. You understand what your customers need from value proposition? And how do we best? -sition it especially as a later player to the market. So that's an example of saying, hey, maybe we should have invested earlier ten fifteen years ago in this area. But when we decided we went full in with investment, we went full in understanding, the marketplace understanding our customers, but we didn't come with the baggage of infrastructure, and this is how you have to do it in an ever changing dynamic market. There's benefits that saw. That's really great. And the message that I get out of that overall is just Tom mindset, right? Because you could have easily said, hey, you know, our infrastructure is not there. I think we really need to divest. I think we need to get out of this business. But instead, you said, you know, what this is a strength and kind of like, I think of like Africa and China in some areas, Joe where they've actually skipped the entire wire telephone business and just gone straight to wireless, they're nimble, and they've been able to get there. And in a similar way. You guys have done that in your division so kudos to you. Number one for having. The mindset to look at the opportunity instead of the glasses half full. And yeah, I mean, I think it's it's really fascinating. Now, you're poised in a position of advantage. Because of what you could potentially have seen as a disadvantage that sort of the plan. That's outstanding. And so as we took a look at the darkness. Let's take a look at the light. Can you share with the listeners an example of one of your proudest leadership experiences to date in the medicine field? You are very kind to me in the introduction. Not been fortunate enough in twenty eight years to work for some great organizations, including some major former companies in some small biotech. So when you come from my perspective, I've been employee number twenty three at the start up..
"cardinal health" Discussed on Outcomes Rocket
"Outcomes based service, and that's being driven by the Medicare access in chip reauthorization or macro in it's been driven by CMS, right and physicians have had a period of time and healthcare practitioners have had a period of time to get ready for this about several years to prepare in. We're on the cost because in twenty. Nineteen a lot of this will go into effect. And when you think about that transition devalue base medicine, it's causing manufacturers and physicians to think differently about how they enter the specialty marketplace. So for instance, on the physician side, it lead to substantial changes in how they practice medicine going from sort of a fee or doing something to value based care, and what they'll have to do is they'll have to really gather information data and be able to report that data the CMS. We recently did some market research with physicians in the specialty arena, and it was in college space, and in that on college because we found sixteen percent of the physicians that we pulled felt like they were really uncomfortable in may even merged with a larger practice the handle some of those data requirements in twenty seven percent said they were unsure. Sure how they were going to continue to manage that transition to value based care. So it was really interesting deep customer insights Margaritas were able to find that on how these on colleges were thinking about value based care. So that's the provider side. Yeah, that's super interesting. And so with these increased requirements in order to get that reimbursement. It's definitely a challenge for for healthcare providers everywhere. And so as we think about these things changing Joe, can you give the listeners and example of how you and cardinal have created results by doing things differently. Yes. So is sort of the challenges out there of the data requirements value based care how we accord of without it as how do we be a resource for our customers, not only on the physicians. I but also on the manufacturers. So let's handle the physicians or healthcare providers. I jerk continue to deliver ongoing education. About the regulations and the implications to the practices and how they manage their day to day. This education is being delivered. In the form of peer reviewed articles editorials. Webinars live training session, we've also taken a look at our technology platform that we have here at cardinal in some of the analytical tools on data-gathering. How.
"cardinal health" Discussed on 60 Minutes
"At the unrelenting death toll from opioids his greatest ir is reserved for the distributors some of them multibillion dollar fortune five hundred companies they are the middlemen that ship the pain pills from manufacturers like purdue pharma and johnson and johnson to drugstores all over the country renaissance accuses the distributors of fueling the opioid epidemic by turning a blind eye to pain pills being diverted to illicit use this is an industry that allowed millions and millions of drugs to go into bad pharmacies and doctors offices that distributed them out to people who had no legitimate need for those drugs who are these distributors the three largest distributors are cardinal health mckesson and amirah source bergen they control probably eighty five or ninety percent of the drugs going downstream you know the implication of what you're saying that these big companies knew that they were pumping drugs into american communities that were killing people that's and that's a fact that's exactly what they did in the late nineteen ninety s opioids like oxycodone and hydrocortisone became a routine medical treatment for chronic pain drug companies assured doctors and congressional investigators as in this two thousand one hearing that the pain medications were effective and.
"cardinal health" Discussed on WCHS
"It doesn't mean that they're not sympathetic doesn't mean they don't have empathy it doesn't mean they don't feel sorry it doesn't mean any of those things it just means that people who fix problems go to the source of the problem and the empathy is a separate issue what what is your fix well i think that the medical community is gonna fix it eventually so i think that they're studying hard how to relieve pain without opiates and as i understand it they're close to figuring out how to have the drug attack only the information or only the the pain and not interfere with the brain function so what happens with the opiate drugs today is they they impact your whole body and your whole brain system but if they can find a way to asa late it to the injury that's causing the pain and they may be able to solve it you know if you will tighten logically but in the meantime you know we've got to keep drugs from prevent drugs from coming into the country by building the wall and ending sanctuary cities and we have to to monitor doctors and drug distributors like cardinal health and make sure that they're not flooding communities with more drugs than they could possibly use republican candidate for you as senate this came up in the debate as well and i'm not i'm not clear on what the answer was it was a question about your residency and you had actually clever answer you said i probably pay more taxes than anyone on this stage to west virginia but the questions about your primary residence is your primary residence ends on how you define primary and when you're defining it well i mean right now my primary residence has been all over west virginia i'm driving twenty five hundred miles a week in west virginia and probably been near that number since november so i think i'm pretty west virginia and i think most of my life i've been west virginia and i think.
Twitter tells users to consider changing passwords after bug
"Also connected with each other and areas of the cities that they may not have seen in car people spend more than a million dollars jasmine rast owner of roy station coffee and teas and japan town which benefited from the closure of fifth street said events like viva la raise awareness lead you have these little micro neighborhoods throughout san jose it's not just all one big glob of suburbia and it's nice to have something like an outdoor event where people are biking riding their scooters and just like spending time as a family the streets it'll be closed for this year's event will be announced by the city next week the silicon valley bureau why colgan kcbs twitter's urging all of it's more than thirty million users to change their passwords due to an internal glimpse on blog post on their website the social media company says a password storage glitch expose them in clear taxed on its internal systems a company says they discovered the themselves and are implementing plans to prevent this bug from happening again twitter says there's no evidence the passwords were stolen or misuse from the kcbs super micro intel money desk it's moneywatch sponsored by shane company it was a volatile thirsty session on wall street the dow jones industrials had an interest session decline of more than three hundred points but they closed five points higher virtually unchanged the nasdaq and the sp five hundred both fell about two tenths percent hugh johnson of hugh johnson adviser says the indicators he follows still point to the upside for twenty eighteen upside i'm saying somewhere near say eight percent to nine percent which is plenty between now and the end of this year johnson says things look a bit shakier for next year shares of cardinal health took a hit after the company's chief executive said the twenty nine nine fiscal year will be more challenging than previously thought cardinal shares fell twenty.
"cardinal health" Discussed on Bloomberg Radio New York
"We're talking about a drug distributor certainly you know that's an area of the market where you expect perhaps relatively stable earnings and it was anything but that in terms of the results that came out prophet trailing analysts lowest estimate and in fact they had missed a couple of years back going all the way back look at us i'm dumb just checking it out on my bloomberg terminal now you have to go all the way back to two thousand seven to see the last time that cardinal health came up short of estimates and then it was just a penny a share this time around it was twelve cents so you know when you have a track record of meeting or beating estimates and then all of a sudden you come up that far short you can see the reaction play out so you know that that's certainly a story that jumps out from today's trading it is very much a company by company kind of a day though i mean tesla's already been talked about their sort of in the league their own as far as that goes and we're going to talk more about that another league of their own spotify shares down nearly ten percent after their disappointing earnings showing that they weren't accumulating quite as many subscribers as they had intended i was really interested in that i mean but from what i saw our reporting they actually met their own forecasts forty five percent subscriber growth it wasn't enough to keep people happy and yes they had a loss of the dollar one a share analysts were looking for a much smaller law so that may be part of the mix of course this is one of these companies like tesla that's in growth mode right now they've got to build up a business turn profitable one of these days but of course so much is kind of a bill to this company it'll you'd think about net flicks and how well those shares have done and you're a similar businesses all based on on video streaming in one form or another granddaughter going now i mean the the sort of growth mode is sort of.
"cardinal health" Discussed on The Majority Report with Sam Seder
"Were making they found their nose at the da and finally in june of two thousand and sixteen the district court of appeals in washington dc found in a case called mark masters pharmaceutical that were joe ramsey and his colleagues at the da had been saying for all these decades about their failure to here to there and abide by their federal law asians in the master's decision the court said yes this is your job you fail to do it and we're stripping of your right to distribute okay and then there was also i think and i feel like this happened around last october maybe in september or perhaps it was there was an tempts there was a big lobbying campaign that was exposed maybe around that time by these distributors and we're talking only about three or four of the major ones is that right well three three companies three there there are over seven hundred distributors or seven hundred registration licenses three companies source bergen cardinal health and mckesson controlled eighty five ninety percent of the distribution and so we call those the big three and they're the targets along with their other registrants that have failed to abide by the in terms of reporting halting investigating illegal shipments and the manufacturers failing to follow the nevada by the federal law and and they've been lobbying to try and loosen the restrictions on their obligations in terms of reporting this well they actually were successful in passing an amendment in twenty sixteen twenty fifteen that repealed the.
"cardinal health" Discussed on Bloomberg Radio New York
"Jarrett let's bring in dave wilson bloomberg stocks columnist and blogger mlive go on the bloomberg he can tell us what's going on in stocks right now they've what's the theme right now anything that's catching your attention there are some individual names we're gonna talk about oracle in just a moment of course facebook in the news because of this revelation that the federal trade commission wanted to be looking into their access to private data what is dave wilson looking at well there are a couple of things it just caught my eye in the last few minutes one is that we're seeing declines among some of the drug distributors mayor source bergen cardinal health mckesson all down close to three percent now bloomberg intelligence was out with a note yesterday talking about mckesson in the context of potential litigation related to opioids i mean that is such a front and center issue right now it's understandable that people would kind of focus on it and you know that may well explain why you have the declines across the group needs to the extent that these companies you might have promoted the overuse of opioids and so on these are the kinds of issues that people focus on the other thing that's got my attention you know the biggest gain in the s and p five hundred belongs to dover corporation we're talking about you know an industrial product maker and were reporting that they're ready to name the chief executive of cnn h industrial richer tobin is their ceo now we know tova the left the company he's been replaced on an interim basis cna chip maker of trucks and tractors and so you got cna shares down two and a half percent at the same time the dovers up three point seven percent so you know talk about one person making a difference not just to one company in this case but to i mean it is kind of striking in early trading we also mentioned that there's a news item about the new head perhaps of cvs and this is director rice the former executive vice president global services and chief financial officer of ally a lily and the news is coming over the bloomberg professional service on the wall street journal that may be hired.
"cardinal health" Discussed on KQED Radio
"Of a special unit called diversion control not as glamorous has busting heroin rings and making headlines in fact it was kind of a a backwater it was a small unit kid a lot with very little their mission was to keep prescription drugs from ending up in the hands of drug users and dealers this was just as the opioid epidemic was getting out of control millions and millions and millions of tablets were leaving the pharmacies and going into the communities and people were over dosing and it was just it was a nightmare more than ten thousand people would die of prescription drug overdoses that year so joey went after the bad doctors he went after the bad pharmacies but then he noticed something noticing that the distributors were sending huge amounts of drugs into these these pharmacies without looking at them without doing any due diligence without filing suspicious or to report suspicious border reports the companies were legally required to report any oddly huge orders to the dda but some companies warrant reporting them and since they were doing all that at the time we decided that no we need to take a top down approach joe decided to go after the distributor sending those truckloads of drugs around the country so we're standing in front of the very large cardinal health distribution center here in baltimore money and i visited this big bays building on the edge of the city to see the distributors in action shipping and receiving as behind a big security gate trucks are pulling in and out these distributors the wholesale distributors gift to judge from manufacturers of the opioids and the ship them out to the places where you and i consume them we will be buy them these are high tech warehouses with sophisticated tracking systems cardinal ships all kinds of medicine to hospitals and pharmacies across the country but not all the pain pels go to people who really need them the size of the opioid shipments coming out of warehouses like this tells the whole story just to give you a strong sense of the scale here between two ooo seven and twenty 12 distributors shift nine million hydrocortisone pills to.
"cardinal health" Discussed on WNYC 93.9 FM
"At the iaea headquarters he'd be in charge of a special unit called diversion control not as glamorous as lusting heroin rings and making headlines in fact it was kind of a d a backwater it was a small unit get the kid a lot with very little their mission was to keep prescription drugs from ending up in the hands of drug users and dealers this was just as the opioid epidemic was getting out of control millions and millions and millions of tablets were leaving the pharmacies in going into the tunisian people were over dosing and it was just it was a nightmare more than ten thousand people would die of prescription drug overdoses that year so joe when after the bad doctors he went after the bad pharmacies but then he noticed something noticing that the distributors were sending huge amounts of drugs into these these pharmacies without looking at them without doing any due diligence without filing suspicious or to report suspicious border reports the companies were legally required to report any oddly huge orders to the da but some companies weren't reporting them and since they were doing all that at that point time we decided that no we need to take a top down approach joe decided to go after the distributor sending those truckloads of drugs around the country so we're standing in front of the very large cardinal health distribution center here involved in our lenny and i visited this big base building on the edge of the city to see the distributors in action shipping and receiving as behind a big security gate trucks are pulling in and out these distributors the wholesale distributors gift the judge from manufacturers the opioids and the ship them out to the places where you when i consume them we will be buy them these are high tech warehouses with sophisticated tracking systems cardinal ships all kinds of medicine hospitals and pharmacies across the country but not all the pain pels go to people who really need them the size of the opioid shipments coming out a warehouses like this tells the whole story just to give you a sense of the scale here between two 200 seven and 2012 distributors shift nine million hydrocortisone pills to a pharmacy a single pharmacy in kurmuk west virginia which is a town of three hundred ninety two people.
"cardinal health" Discussed on WTVN
"I think that's part of it that's not all of it on the back end of that the city of columbus on friday filed a lawsuit against drug manufacturers distributors and others to the city officials think are responsible for the opioid crisis uh friday afternoon the city columbus filed that lawsuit against three distributors including dublinbased cardinal health as well as five manufacturers three individuals in us district court in columbus the city joins dozens dozens of other government uh in a goat government two entities across the country including cincinnati dayton that have filed similar lawsuits to make major lawsuit it's going to be significant moving forward i'm not a fan of that i'm just not a fan of that i don't think uh look into blame is the problem not so sure that the drug manufacturers knew when they started to distribute those products that uh that they were addictive and non i think going after the drug distributors alone is not the issue the drug distributors don't write the script they don't dispense the scripts they don't mandate the scripts they just distribute them and i have a problem with that we're talking about the drug problem the gang problem the violent problem the homicide problem in the city a columbus i think they're tied together and i think we've got to get drugs and mental health issues fixed and that starts with treatment centers and access to treatment centres i gotta tell you i walked into a treatment centre not long ago to talk to somebody and asked what's the problem like the person said jeff if you walk into our treatment center today and you tell me you have a drug.
"cardinal health" Discussed on WNYC 93.9 FM
"Under the law you're supposed to contact us if you'd see unusual patterns unusual amounts or unusual frequency of these drugs being ordered by pharmacies hospices nursing homes hospitals any place that uses them and after a few more warnings the da started to go after these distributors who declined to fall law which distributors in particular the big three ameristar's burden mckesson and cardinal health all three are in the top twenty five largest corporations in america but also a lot of small distributors some that you would call momandpop distributors there was one in two thousand and seven now was sending drugs off to internet pharmacies they put ninety million pills into circulation in the black market there were only a handful people worked for that company only did was send out pills and for some of these companies the most egregious ones they went in there with immediate suspension orders and shut him down that day and that began the tussle between the drug distributors and the dda all right now you mentioned under the law and the law dates to 19th seventy it's says that distributors and former companies and retailers are responsible to be vigilant for irregularities that cause an imminent danger to communities that turns out to be important language because in around 2014 this consortium started lobbying congress to push through a new law called.
"cardinal health" Discussed on KQED Radio
"In two thousand six joe was promoted to a new position in dc at iaea headquarters heatley in charge of a special unit called diversion control not as glamorous has blasting heroin rings and making headlines in fact it was kind of a d a backwater it was a small unit get the kid a lot with very little their mission was to keep prescription drugs from ending up in the hands of drug users and dealers this was just as the opioid epidemic was getting out of control millions and millions and millions of tablets were leaving the pharmacies and going into the tunisian people were over dosing and it was just it was a nightmare more than ten thousand people would die of prescription drug overdoses that year so joe went after the bad doctores he went after the bad pharmacies but then he noticed something we were noticing that the distributors were sending he's shuji amounts of trump's into these each pharmacies without looking at them without doing any due diligence without filing suspicious order reports suspicious border reports the companies were legally required to report any oddly huge orders to the dda but some companies warrant reporting them and since they were doing all that at that point time we decided that no we need to take a top down approach joe decided to go after the distributor sending those truckloads of drugs around the country so we're standing in front of the a very large cardinal health distribution center um here involved in lenny and i visited this big bays building on the edge of the city to see the distributors in accent shipping and receiving as behind a big security gate trucks are pulling in and out he's distributors the wholesale distributors get the judge from manufacturers of the opioids and the ship them out to the places where you and i consume them we will be buy them these are high tech warehouses with sophisticated tracking systems cardinal ships all kinds of medicine hospitals and pharmacies across the country but not all the pain pels go to people who really need them the size of the opioid shipments coming out of warehouses like this tells the whole story just to give you a s un center the.
"cardinal health" Discussed on KFQD News Talk
"Smoldering rage at the unrelenting death toll from opioids his greatest ire is reserved for the distributors some of them multibillion dollar fortune 500 company his they are the middlemen that ship the pain pills from manufacturers like purdue pharma and johnson johnson to drug drugstores all over the country rantissi's he accuses the distributors of fueling the opioid epidemic by turning a blind eye to pain pills being diverted to illicit use this is an industry that allowed millions and millions of drugs to go into bad pharmacies and doctor's offices that distributed them out to to people who had no legitimate meet for those drugs who are these distributors the three largest distributors or cardinal health mckesson and amarah source bergen they control probably eighty or ninety percent of the drugs going downstream you knew the implication of what you're saying that these big companies new that they were pumping drugs into american communities that were killing people that's implication that's a fact that's exactly what they did in the late 1990s opioids like oxycodone and hydrocortisone became a routine medical treatment for chronic pain drug companies assured doctors and congressional investigators as in this two thousand one hearing that the pain medications were effective nc addiction is not common addiction is rare in the.
"cardinal health" Discussed on MAD MONEY W/ JIM CRAMER - Full Episode
"It is time for are you ready scary bob bob day yes jim thank you for taking my call chorus of your opinion on nato is all it's been one of our famous i want to stay long ukraine mirror thank you for taking the golf course including five you're in the boy that is extremely speculative serves long as you're doing it with a little bit of money that you know you can lose because the company itself as low earnings for me by mike in rhode island mike jim thanks for the good work you do to educate how can i help i am looking at what seems to be a really interesting for a violent whole purchase of nike okay as long as you put it like that because i think it's going to be multiple quarters break out again i want to go to scott virginia sky a big per genius lifted is gone i like that what's up they were looking at all in all of all stripes we like cardinal health in that group blamed jealous think inclusion of iran is sponsored by new mill delivered.
"cardinal health" Discussed on WTVN
"Eighteen he wants them attention he's got to tell ya i'm your solution mike winds known about this for four years we're have you been mike wherever you ben and why is he going after drug manufacturers let me ask you this joni just caught in i appreciate your comment your call saying her husband's been on uh on pain meds now for several years for really bad back and he's a responsible person and he's not selling it on the street he's not the problem so let me ask you why is mike dewine going after only drug manufacturers are they really the responsible party here on my daughter had her tonsils that two weeks ago today tomorrow and she's been on those same pain meds and we've winter off of it over the last two weeks those same pain meds have enabled my daughter to get over a pretty significant soreness in her throat with the tonsils and those are the guys you want to go after mike and and you're not going after drug distributors like cardinal health thirty seven thousand employees many of them here columbus now i'm not advocating go after cardinal i'm not asking you to go after the drug distributors because why are you going after the mic were the reason he's not going after his because the contribute to his campaign and guess what they contributed to his sons campaign who was just seeded on the highest supreme court how about going after doctors isn't that were starts doctors right the scripts doctors are the ones where it is initiated i don't go to the doctor and say documents and paint pales in and also i get it i don't go the pharmacy and get it i gotta have a script fort why are you not addressing the doctors and the hospitals don't you think that makes sense mike that to write this grips you don't want to eps upset them do you might you don't wanna go after the ducks or the hospitals the highway hospital association those big groups you don't want to upset that applecart instead you wanna go after the drug manufacturers which are not right here in columbus ohio right to wind really doesn't care about the drug.