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McKesson Corp. (MCK) Climbed To A New High On VA Contract News

4/13/2012 6:50 AM ET

McKesson Corp. (MCK: Quote) announced after the close Wednesday that it was selected by the Department of Veterans Affairs to continue as the VA's prime pharmaceutical supplier. The two-year agreement calls for McKesson to supply all of the VA's medical centers and outpatient clinics, as well as the VA's Consolidated Mail Outpatient Pharmacies.

McKesson Corp. gapped open higher Thursday and climbed in early trade, before settling into a narrow range. The stock finished up by 3.44 at $91.34 on the highest volume of the year. McKesson broke out of a 2 1/2 week trading range and closed at a new high for the year.

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by RTT Staff Writer

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