Walgreens will launch a clinical trials business, in which it helps pharmaceutical companies find participants for clinical trials
People ride an escalator at the Walgreens store near State and Randolph streets in Chicago's Loop.
As part of the new business, Walgreens may also help companies carry out clinical trials by conducting visits for participants at some of its stores, during which patients may fill out surveys or have blood taken, depending on the type of trial, Tandon said. It’s possible nurses, pharmacists, pharmacy technicians or doctors could help with those visits, depending on what’s needed, she said.
“The therapies that are coming out today are not very representative of the U.S. population,” Tandon said. “As we at Walgreens start to tap into our local communities, educate and empower these communities on the benefits of clinical trials. Not only are they participants in research, but this is yet another opportunity as a care option, patients who may he exhausted other avenues in their care journey.
In recent years, Walgreens has been branching out to offer different types of services, including through partnerships with other companies that can get more customers into its stores and help it. The moves come even as the retail pharmacy chain continues to cut costs. Walgreens announced plans in October to try to cut $3.3 billion in costs by 2024, up from an earlier goal of $2 billion a year by 2022, which the company has already reached.
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