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Walgreens and Veeva Form Strategic Partnership

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Walgreens (Nasdaq: WBA) and Veeva Systems (NYSE: VEEV) have announced a long-term strategic partnership aimed at improving patient outcomes in the healthcare sector. The collaboration will enhance Veeva Data Cloud products while granting Walgreens access to Veeva's Data Cloud and Clinical Platform.

As a major retail and specialty pharmacy provider, Walgreens will contribute to expanding the breadth of data in Veeva Data Cloud, enabling life sciences companies to better understand market trends and improve patient care. This partnership leverages Walgreens' position as a neighborhood health destination and Veeva's expertise in life sciences software and data services.

Walgreens (Nasdaq: WBA) e Veeva Systems (NYSE: VEEV) hanno annunciato una partnership strategica a lungo termine mirata a migliorare gli esiti per i pazienti nel settore sanitario. La collaborazione migliorerà i prodotti Veeva Data Cloud, mentre garantirà a Walgreens accesso al Data Cloud e alla Piattaforma Clinica di Veeva.

In qualità di importante fornitore di farmacologie retail e specialistiche, Walgreens contribuirà ad ampliare la gamma di dati nel Veeva Data Cloud, consentendo alle aziende delle scienze della vita di comprendere meglio le tendenze di mercato e migliorare la cura dei pazienti. Questa partnership sfrutta la posizione di Walgreens come punto di riferimento per la salute nel quartiere e l'esperienza di Veeva nel software e nei servizi di dati delle scienze della vita.

Walgreens (Nasdaq: WBA) y Veeva Systems (NYSE: VEEV) han anunciado una alianza estratégica a largo plazo que tiene como objetivo mejorar los resultados de los pacientes en el sector salud. La colaboración mejorará los productos de Veeva Data Cloud, al tiempo que otorgará a Walgreens acceso al Data Cloud y a la Plataforma Clínica de Veeva.

Como un importante proveedor de farmacia minorista y especializada, Walgreens contribuirá a ampliar la gama de datos en Veeva Data Cloud, permitiendo a las empresas de ciencias de la vida comprender mejor las tendencias del mercado y mejorar la atención al paciente. Esta asociación aprovecha la posición de Walgreens como un destino de salud en el vecindario y la experiencia de Veeva en software y servicios de datos de ciencias de la vida.

월그린스(Walgreens, Nasdaq: WBA)와 비바 시스템즈(Veeva Systems, NYSE: VEEV)는 의료 부문에서 환자 결과를 개선하기 위한 장기 전략적 파트너십을 발표했습니다. 이번 협력은 Veeva Data Cloud 제품을 향상시키고 Walgreens에 Veeva의 Data Cloud 및 Clinical Platform에 대한 접근을 허용할 것입니다.

주요 소매 및 전문 약국 제공업체인 Walgreens는 Veeva Data Cloud의 데이터 범위를 확장하는 데 기여하여 생명 과학 회사들이 시장 동향을 더 잘 이해하고 환자 치료를 개선할 수 있도록 합니다. 이 파트너십은 이웃 건강 목적지로서의 Walgreens의 입지와 생명 과학 소프트웨어 및 데이터 서비스에 대한 Veeva의 전문성을 활용하고 있습니다.

Walgreens (Nasdaq: WBA) et Veeva Systems (NYSE: VEEV) ont annoncé un partenariat stratégique à long terme visant à améliorer les résultats des patients dans le secteur de la santé. La collaboration améliorera les produits Veeva Data Cloud tout en donnant à Walgreens accès au Data Cloud et à la plateforme clinique de Veeva.

En tant que fournisseur majeur de pharmacie de détail et spécialisée, Walgreens contribuera à élargir la portée des données dans le Veeva Data Cloud, permettant aux entreprises des sciences de la vie de mieux comprendre les tendances du marché et d'améliorer les soins aux patients. Ce partenariat s'appuie sur la position de Walgreens en tant que destination de santé de quartier et sur l'expertise de Veeva en matière de logiciels et de services de données pour les sciences de la vie.

Walgreens (Nasdaq: WBA) und Veeva Systems (NYSE: VEEV) haben eine langfristige strategische Partnerschaft bekannt gegeben, die darauf abzielt, die Patientenergebnisse im Gesundheitssektor zu verbessern. Die Zusammenarbeit wird die Veeva Data Cloud-Produkte verbessern und Walgreens den Zugang zu Veevas Data Cloud und klinischer Plattform gewähren.

Als wichtiger Anbieter im Einzelhandel und in der spezialisierten Pharmazie wird Walgreens dazu beitragen, die Datenvielfalt in der Veeva Data Cloud zu erweitern, wodurch Unternehmen aus den Lebenswissenschaften in der Lage sind, Markttrends besser zu verstehen und die Patientenversorgung zu verbessern. Diese Partnerschaft nutzt Walgreens' Position als Gesundheitsziel in der Nachbarschaft sowie Veevas Expertise in Lebenswissenschaftssoftware und Datendienstleistungen.

Positive
  • Strategic partnership with major retail pharmacy chain Walgreens expands Veeva's data capabilities
  • Access to Walgreens' extensive pharmacy network enhances Veeva Data Cloud products
  • Partnership strengthens Veeva's position in the healthcare data analytics market
Negative
  • None.

Insights

This strategic partnership marks a significant development in healthcare data analytics, combining Walgreens' vast retail pharmacy network with Veeva's advanced data infrastructure. The collaboration will enhance Veeva's Data Cloud products with real-world pharmacy data from Walgreens' extensive customer base, creating a more comprehensive dataset for life sciences companies.

The partnership provides Veeva with exclusive access to valuable pharmacy data, strengthening its competitive position against other healthcare data providers. For Walgreens, this alliance offers advanced technological capabilities and deeper integration with life sciences companies, potentially leading to new revenue streams from data monetization and improved service offerings.

From a market perspective, this positions both companies to capture a larger share of the growing healthcare data analytics market, estimated to be worth $75 billion by 2025. The collaboration could drive significant recurring revenue growth for Veeva while helping Walgreens diversify its business model beyond traditional retail pharmacy.

DEERFIELD, Ill. and PLEASANTON, Calif., Oct. 24, 2024 /PRNewswire/ -- Walgreens (Nasdaq: WBA), an integrated healthcare, pharmacy, and retail leader, and Veeva Systems (NYSE: VEEV) a leading provider of software, data, and services for the life sciences industry, today announced a long-term partnership to help life sciences companies improve patient outcomes.

The partnership enriches Veeva Data Cloud products and allows Walgreens to better serve life sciences through access to Veeva Data Cloud and Veeva Clinical Platform.

"As the front door to healthcare for most communities, Walgreens remains the independent partner of choice for life sciences companies looking to improve patient outreach and engagement," said Walgreens Boots Alliance CEO Tim Wentworth. "Collaborating across the industry, combining our unmatched retail pharmacy and specialty pharmacy strengths with best-in-class technology products, is another way we're making healthcare more connected in the U.S."

"As a neighborhood health destination and modern pharmacy for millions, Walgreens plays a critical role in the healthcare ecosystem," said Veeva CEO Peter Gassner. "Partnering with Walgreens expands the breadth of data in Veeva Data Cloud, giving life sciences companies the high-quality data they need to better understand market trends and improve patient outcomes."

About Walgreens
Walgreens (www.walgreens.com) is included in the U.S. Retail Pharmacy and U.S. Healthcare segments of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader. True to its purpose of "more joyful lives through better health," Walgreens has a more than 120-year heritage of caring for communities and providing trusted pharmacy services, and today is playing a greater role as an independent partner of choice offering healthcare services that improve care, lower costs, and help patients. Operating nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily. The company's pharmacists are playing a more critical role in healthcare than ever before, providing a wide range of pharmacy and healthcare services, including those that drive equitable access to care for some of the nation's most underserved populations. Walgreens offers customers and patients a true omnichannel experience, with fully integrated physical and digital platforms designed to deliver high-quality products and healthcare services. Within the U.S. Healthcare segment, Walgreens portfolio also includes businesses in primary care, multi-specialty, post-acute care, urgent care, specialty pharmacy services, population health and provider enablement.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Media Contacts:




Maria Scurry

Jonathon Hosea

Veeva Systems

pr@veeva.com

781-366-7617

Walgreens 

jonathon.hosea@walgreens.com 

 

 

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SOURCE Veeva Systems

FAQ

What is the purpose of the Walgreens and Veeva Systems (VEEV) partnership announced in October 2024?

The partnership aims to improve patient outcomes by enriching Veeva Data Cloud products and allowing Walgreens to access Veeva Data Cloud and Clinical Platform, enabling better market trend analysis and patient care.

How will the 2024 partnership benefit Veeva Systems (VEEV)?

The partnership will expand the breadth of data in Veeva Data Cloud through access to Walgreens' pharmacy network, allowing Veeva to provide more comprehensive data solutions to life sciences companies.

What access will Walgreens gain through the Veeva Systems (VEEV) partnership?

Walgreens will gain access to Veeva Data Cloud and Veeva Clinical Platform, enabling them to better serve life sciences companies and improve patient outreach and engagement.

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