Key Points
Nov 3 (Reuters) - Drug distributor Cardinal Health (CAH.N) on Friday raised its full-year earnings forecast for the second time in nearly three months, betting on strong demand for specialty medicines...
Drug distributors have been benefiting from strong sales of highly priced specialty medicines that treat diseases including cancer and rheumatoid arthritis, while prices of generic medicines have fallen due to intense competition...
The company expects profit for its pharmaceutical segment, through which it distributes branded drugs, generic drugs and specialty medicines, to rise 7% to 9% during the financial year 2024, up from its previous forecast of 4% to 6% growth...
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