Brian Tanquilut: Thank you, guys. I guess just to follow up on Lisa’s question and Britt’s comments on the oncology side. It sounds like you guys are looking to get more aggressive with the roll-up of Oncology Networks, and it seems like there’s consolidation there. So, as I think of catalysts and maybe like big moves in that space, I mean, do you see opportunity with — or should we be thinking about the Sarah Cannon partnership as an opportunity that could bring a big chunk of new doctors into the network in the coming years? Or how should we be thinking about that? Thank you.
Brian Tyler: Well, oncology is clearly one of the key growth priorities we’ve identified for the company and talked a lot about over the last years. And there are various capabilities within our oncology ecosystem, distribution as an anchor, GPO as an anchor, our practice management business you saw on clearly important and the innovation we’ve done around Ontada and the most recent addition of Genospace and the Sarah Cannon joint venture. So, we think all of these things sort of add to our differentiation, add to the attractiveness of McKesson as a service provider and a partner in this area. We’ve been really happy to be continuing to add to the growth of the US Oncology Network. We do it in a very disciplined way. We have a model that works for us and any acquired practices need to be able to operate consistent within that model.
But it’s clearly our actions this last quarter indicate, we have opportunities to continue to grow and expand. And we think that, that’s part of our model and we expect that we can continue that into the future.
Rachel Rodriguez: And we have time for one more question, please.
Operator: That question will come from the line of A.J. Rice with Credit Suisse.
A.J. Rice: Thanks for everyone. Maybe just to get you to expand, if possible, a little bit more on your comments around specialty and the development of biosimilars. I guess if you look out over the next few years, we have a significant number converting. I know it depends in your business on how that drug is administered today and how it’s — the patient receives it but as to how much benefit you’ll derive. But is there a way to talk about how you see that progressing over time? And then maybe another aspect of that is we hear from a number of players that they’re expecting to put more resources behind specialty and grow. Can you give us a little bit of a sense of how you assess the competitive landscape at this point and your positioning?
Brian Tyler: Well, I would start by saying that the contributions from biosimilars has been increasing over the past years. We do think the pipeline holds a lot of promise. It continues to strengthen, and we think this could be a long-term opportunity really exists in front of us. I mean to date, there’s 40 approved biosimilars, 25 launched, I guess, maybe 26 because if you count today’s news on HUMIRA. And the impact of those are going to really be dependent on the rates of adoption, things like the interchangeability. For us, clearly, the channel will matter. Part B is we have more services to offer and more support we can provide to those biosimilars in Part B, Part D will be less impactful. But I think we continue to look at the majority of the opportunity being ahead of us.
I do think this market is still young, and I think as people get more experience with biosimilars, we would be hopeful that adoption rates would continue to accelerate. But it depends on things like pricing strategies that the innovator adopts and the biosimilar comes to market with. So, there’s a lot of dynamics that I think are still playing out like they always do in a young market. But we’re in the very early days, and we believe biosimilars will be good for our business model going forward. Okay. Well, thank you, everyone, for joining our call this evening. Appreciate, as always, the thoughtful questions. I want to thank Carrie, our operator, for facilitating this call. Let me just wrap up by saying McKesson delivered really good third quarter results.
And it’s really driven by the continued momentum in our underlying business. I’m confident in our ability to consistently execute on our company priorities and drive sustainable long-term growth as a diversified health care services company. None of this is possible without Team McKesson, so I’d like to thank everyone for their dedication, for the big and small actions they take every day to help our customers, our partners and our patients. I’m proud to be a member of and the leader of Team McKesson. Thanks again, everyone, for joining our call. I hope you all have a great evening.
Operator: Thank you for joining today’s conference call. You may now disconnect, and have a great day.
