Priority Healthcare b (NASDAQ:PHCC)
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Priority Healthcare Selected as Provider of Logistics Services
for Reliant Pharmaceuticals
LAKE MARY, Fla., May 25 /PRNewswire-FirstCall/ -- Priority Healthcare
Corporation (NASDAQ:PHCC) announced that it has been selected by Reliant
Pharmaceuticals, Inc. to be its provider of logistics services. Through this
agreement, Priority Healthcare will provide outsourced warehousing, logistics,
distribution, and accounting services for Reliant. Under the terms of the
agreement, Priority Healthcare will also warehouse and distribute Reliant's
marketing and promotional materials as well as pharmaceutical samples to
Reliant's approximately 1,000 sales representatives.
"We are pleased to have been entrusted with the responsibility of managing
Reliant's logistics requirements, which are critical to ensuring appropriate
product access," stated Steve Cosler, President and Chief Executive Officer of
Priority Healthcare. "Expanding our third party logistics platform is
consistent with our strategy of leveraging our core distribution and
fulfillment capabilities to develop manufacturer support services. We continue
to add to what we believe is the most robust portfolio of channel service
capabilities and options for our manufacturer partners."
"After a thorough review process, Priority Healthcare was selected due to our
collaborative approach, strong systems capabilities, and proven logistics
expertise. We are working together to implement a solid platform to service
Reliant's channel customers as well as their sales force," added Guy Bryant,
Executive Vice President and General Manager, Distribution Services of Priority
Healthcare.
About Priority Healthcare Corporation
Priority Healthcare is the premier healthcare services company providing
innovative, high quality and cost-effective solutions that enhance quality of
life. As a national specialty pharmacy and distributor, Priority Healthcare
provides biopharmaceuticals, complex therapies, related disease treatment
programs and a portfolio of other service offerings for patients, payors,
physicians and pharmaceutical manufacturers. The growing number of specialty
areas serviced by Priority Healthcare include: oncology, gastroenterology,
reproductive endocrinology, neurology, hematology, pulmonology, ophthalmology,
rheumatology, endocrinology, infectious disease and nephrology, as well as
ambulatory surgery centers. Additional information regarding Priority
Healthcare is available online at http://www.priorityhealthcare.com/ .
About Reliant Pharmaceuticals Inc.
Reliant Pharmaceuticals is a pharmaceutical company with integrated sales,
marketing and development expertise that markets a portfolio of branded
cardiovascular pharmaceutical products. Reliant focuses on marketing
promotionally sensitive pharmaceutical products to the high prescribing primary
care, cardiovascular and specialist physician markets in the United States.
Reliant also acquires rights to and develops product candidates in mid- to
late-stage clinical development. Reliant's sales force infrastructure is
comprised of nearly 1,000 sales professionals nationwide. For more information
on Reliant Pharmaceuticals, please visit http://www.reliantrx.com/ .
Certain statements included in this press release, which are not historical
facts, are forward-looking statements. Such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements represent our expectations
or beliefs and involve certain risks and uncertainties, including those
described in our public filings with the United States Securities and Exchange
Commission; also including, but not limited to, changes in interest rates,
competitive pressures, changes in customer mix, changes in third party
reimbursement rates, financial stability of major customers, changes in
government regulations or the interpretation of these regulations, changes in
supplier relationships, growth opportunities, cost savings, revenue
enhancements, synergies and other benefits anticipated from acquisition
transactions, difficulties relative to integrating acquired businesses, the
accounting and tax treatment of acquisitions, and asserted and unasserted
claims, which could cause actual results to differ from those in the
forward-looking statements. The forward-looking statements by their nature
involve substantial risks and uncertainties, certain of which are beyond our
control, and actual results may differ materially depending on a variety of
important factors. You are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date herein.
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DATASOURCE: Priority Healthcare Corporation
CONTACT: Stephen Saft, Chief Financial Officer, Priority Healthcare
Corporation, +1-407-804-6700
Web site: http://www.priorityhealthcare.com/
http://www.reliantrx.com/