Cardinal Health Falls After Optum Rx Distribution Contract Ended

Cardinal Health Inc. shares fell sharply in early trading after the drug distributor lost a contract with UnitedHealth Group Inc.’s pharmacy benefits subsidiary. The company's contract with Optum Rx Distribution ended after the end of the Optum contract ended. Trump has only $6.8 million for legal fees with trial underway.

Drug distributor says it expects to partially offset the impact of losing the OptumRx contracts through new customer wins and growth in its specialty pharmacy business. Cardinal Health declined to provide any further comment on the contracts. "We are excited about the many other opportunities in the marketplace," said Debbie Weitzman, CEO.