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DPS CONTRACTING SHIFT HELPS SB INCREASE PROFIT MARGINS BY 3.7 POINTS IN FIRST QUARTER; BLISSENBACH JOINS CHRONIMED AS PRESIDENT AND CHIEF OPERATING OFFICER

Executive Summary

A change in contracting practices by SmithKline Beecham's DPS pharmacy benefit management business contributed 2.7 percentage points to the company's pharmaceutical business operating margins during the first quarter.

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