Cardinal Health Boosts Profit Forecast on Strong Specialty Medicine Demand
2025-01-14
Reuters on MSN.com
Cardinal Health has revised its annual profit forecast to the higher end of its previous range, driven by robust demand for high-cost specialty medicines and branded pharmaceuticals. This uptick in demand is expected to significantly impact the company's pharmaceuticals unit, contributing to an increase in overall profit. With a strong focus on specialty medicines, Cardinal Health is well-positioned to capitalize on this growing trend in the healthcare industry, including pharmaceutical distribution and medical products. The company's revised forecast reflects its confidence in meeting the evolving needs of the market.
