Walgreens Expands Specialty Pharmacy Business To Include Gene and Cell Services: Details
Portfolio Pulse from Shivani Kumaresan
Walgreens Boots Alliance Inc (NASDAQ:WBA) is expanding its specialty pharmacy services to include gene and cell therapy solutions, aiming to enhance patient outcomes and value for stakeholders. The expansion includes the introduction of Walgreens Specialty Pharmacy, which will operate four central specialty pharmacies and nearly 300 community-based specialty pharmacies. The initiative is supported by over 1,500 specialty-trained pharmacists and 5,000 patient advocacy support members. Walgreens stock has lost over 48% in the last 12 months but is trading higher by 0.79% in premarket. Investors can also gain exposure to Walgreens stock through Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) and Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD).

April 25, 2024 | 9:40 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Investors can gain exposure to Walgreens stock via Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD), which includes WBA in its portfolio.
Since DJD includes Walgreens stock in its portfolio, the expansion of Walgreens' specialty pharmacy services and the positive premarket performance of WBA could indirectly benefit DJD investors by potentially increasing the ETF's value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Walgreens stock via Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY), which includes WBA in its portfolio.
Given that PEY includes Walgreens stock in its portfolio, the expansion of Walgreens' specialty pharmacy services and the subsequent positive market reaction could indirectly benefit PEY investors by potentially increasing the ETF's value.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Walgreens Boots Alliance Inc is expanding its specialty pharmacy services, including gene and cell therapy solutions, aiming to enhance patient outcomes and value for stakeholders.
The expansion of Walgreens' specialty pharmacy services to include gene and cell therapy solutions represents a significant advancement in the company's healthcare offerings. This strategic move is likely to enhance patient outcomes and create value for stakeholders, potentially leading to increased demand for WBA shares in the short term, especially given the premarket uptick.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100