Our last few Reports focused on approvals and developments in the Cell and Gene Therapy (CGT) categories. A recent press release from a major national pharmacy chain would seem to reinforce the notion that CGT is the newest best thing since sliced bread.
Walgreens is going through a major remake that the company says is reflective of where the market is and, more importantly, where it is going. They thought it was going towards walk-in medical care which is now in ‘rethink’ mode which is a Report for another day. But the strategists at WAGS now see CGT as a better bet….. one that is more aligned with their legacy pharmacy model and where the rare/orphan/ultra-orphan market appears to be heating up fast….. and where you need to be a serious player to maintain its ‘creds’ in the marketplace.
According to the press release, “Effective August 1, 2024, AllianceRx Walgreens Pharmacy will become Walgreens Specialty Pharmacy.” While this is a clean-up on its fractionated branding, WAGS is also planning on investing in CGT in a tangible way by opening a “Gene and Cell Services Pharmacy and Innovation Center – a dedicated 18,000-square-foot center in Pittsburgh, PA, with services and capabilities for these emerging therapies, including innovative solutions for managing the complexity of the supply chain, logistics and financing as well as clinical and social needs management to ensure success for patients and partners.”
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Walgreens Launches Gene and Cell Services as Part of Newly Integrated Walgreens Specialty Pharmacy Business
Walgreens is expanding its specialty pharmacy services and investing in its capabilities as the company further grows its core pharmacy business to improve patient outcomes and provide greater value to payers and partners.
