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AmerisourceBergen Corporation (ABC) sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally.
Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
It also provides pharmacy management, staffing, and other consulting services; and supply management software and packaging solutions to various institutional and retail healthcare providers. In addition, this segment provides pharmaceutical distribution and other services primarily to physicians who specialize in various disease states, such as oncology, as well as to other healthcare providers, including hospitals and dialysis clinics; distributes plasma and other blood products, injectible pharmaceuticals, vaccines, and other specialty products; and offers third party logistics and outcomes research, and other services for biotechnology and other pharmaceutical manufacturers.
The companys Other segment provides commercialization support services, including reimbursement support programs, outcomes research, contract field staffing, patient assistance and co-pay assistance programs, adherence programs, risk mitigation services, and other market access programs to pharmaceutical and biotechnology manufacturers; specialty transportation and logistics services for the biopharmaceutical industry; and animal health care products. AmerisourceBergen Corporation markets its products and services through independent sales forces and marketing organizations.
Shares have fallen to a yearly low on prospect of a Clinton victory. With the election's results in, this stock should get a rebound and complete its "double bottom" formation.
52-Weeks Trading Range: $68.38 - $105.81
Entry Point: $72.00
Stop Loss: $68.50
Target Price: $79.20
ABC closed at $79.10
