Conshohocken-based AmerisourceBergen is the only one out of the 25 largest public companies in the region that saw its stock rise during a horrid first quarter for markets, writes Jeff Blumenthal for the Philadelphia Business Journal.

Pennsylvania’s largest company is also one of only 30 members of the S&P 500 to post an uptick for the last quarter.

The majority of stocks saw their value plummet due to the coronavirus pandemic that has closed many businesses and created a fear of recession. Meanwhile AmerisourceBergen rose by 4.5 percent to $88.50.

AmerisourceBergen, which is also one of the largest wholesale pharmaceutical distribution and services companies in the nation, continues to provide an essential service during the pandemic to clients worldwide.

According to company representatives, AmerisourceBergen is actively working with government and health care officials as the spread of COVID-19 is being closely monitored by agencies and experts.

The company also maintains daily communications with manufacturers to monitor inventory levels and the purchasing behavior of its customers in order to determine any potential impact to the product supply chain.

Read more about AmerisourceBergen at the Philadelphia Business Journal by clicking here.

_______

Top photo credit: wuestenigel Different pills and tablets via photopin (license)