NEW YORK, Oct 17 (Reuters) – Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp (MCK.N) to ensure that customers’ prescriptions will continue to be filled during Rite Aid’s bankruptcy, attorneys said on Tuesday.
Rite Aid, which filed for Chapter 11 bankruptcy on Sunday night in New Jersey, sued McKesson the following morning, seeking to stop it from terminating a drug supply agreement that accounts for 98% of the pharmacy chain’s prescription drug sales.
Joshua Sussberg, an attorney for Rite Aid, announced the settlement at a Tuesday court hearing in Trenton, saying that McKesson would continue supplying drugs at least through the end of Rite Aid’s bank…
Read the full article at: https://www.reuters.com/business/healthcare-pharmaceuticals/bankrupt-rite-aid-resolves-drug-supply-dispute-with-mckesson-2023-10-17/