McKesson Corp

MCK: XNYS (USA)

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McKesson’s Broad-Based Growth Is Fueled by GLP-1s, Customer Win, and a Growing Specialty Portfolio

Keonhee Kim

May 9, 2025

Business Strategy and Outlook

McKesson is one of three leading domestic wholesalers of branded, generic, and specialty pharmaceutical products. With over $300 billion in sales, the firm supplies roughly one third of the domestic drug distribution market. Together with Cardinal Health and Cencora, the three operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the US market.

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McKesson Corp

McKesson’s Broad-Based Growth Is Fueled by GLP-1s, Customer Win, and a Growing Specialty Portfolio

Business Strategy and Outlook

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