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U.S. drug distributor Cardinal Health's profit beats estimates

11:20 EDT 2 Aug 2017 | Topix

Cardinal Health Inc forecast profit for fiscal year 2018 below analyst estimates as the drug distributor continues to struggle with declining generic drug prices, sending its shares down 5.6 percent in premarket trading. Pharma supply chain, including pharmacy benefit managers and drug distributors, has been under pressure due to intense scrutiny over soaring drug prices.

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