Pharmacy
With $100M ReCept M&A deal, Omnicell enters growing specialty pharmacy space
Specialty drugs represent a growing share of overall pharmaceutical sales, and Omnicell is acquiring specialty pharmacy technologies company ReCept Pharmacy to enter into this market. Omnicell is paying $100 million cash to buy ReCept.
CVS Pharmacy “Talking” Prescription Labels Now Available Nationwide
What You Should Know: – CVS Pharmacy today introduced Spoken Rx, its proprietary audio prescription label solution developed in collaboration with the American Council for the Blind, now available in all of its nearly 10,000 locations nationwide. CVS Pharmacy, the retail division of CVS Health (NYSE: CVS) is now offering Spoken Rx™, its proprietary audio prescription label solution, in all its nearly 10,000 pharmacy locations …
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Israeli Startup TailorMed Acquires Vivor to Create Provider and Pharmacy Network
What You Should Know: – Financial navigation technology company TailorMed acquires Vivor to create the largest provider and pharmacy network. – The combined companies will offer the most comprehensive solution for addressing unprecedented financial pressures on patients and healthcare organizations. Israeli startup TailorMed, a leading financial navigation technology company that helps healthcare organizations and patients remove …
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Telstar launches Usifroid global service platform for retrofitting & maintenance of freeze-dryers
Terrassa (Barcelona) Telstar launches a new global service platform for retrofitting and maintenance of existing freeze-dryers, regardless of brand and model. Under Usifroid brand, this platform is specialized in providing a retrofitting and modernization service together with maintenance services and technical support to freeze-drying equipment for pharmaceutical production and research. Designed to guarantee the optimal …
Jury rules pharmacy chains liable in landmark opioid trial
A federal jury found pharmacy chains CVS, Walgreens and Walmart helped fuel the opioid epidemic in two Ohio counties. It’s the first trial pharmacy chains have faced related to the opioid crisis, though several other lawsuits have been filed.
Walgreens bets all its chips on a new healthcare strategy. Will patients buy in?
The company launched a new health division, and has doubled down on its plans to open primary care clinics with VillageMD. It faces big competitors in CVS and Walmart, and it’ll take time to see if its new strategy pays off.
CVS to close 900 stores, turn some into primary care sites
The company will close 300 stores per year starting next spring. As CVS emphasizes health services as part of its strategy, it also plans to change some of its locations into primary care clinics.
I love Kaiser Permanente. My ardor has recently cooled
The lofty ideals of patient-centric care are not been borne out in reality. This is a personal essay about my parent’s experience with Kaiser Permanente.
CVS sees opportunity to influence cost of care with primary care push
CVS recently launched a virtual primary care plan through a partnership with Teladoc, and is redesigning its stores to offer a broader array of health services. In an earnings call, CEO Karen Lynch said the company is starting to get traction with its new insurance plan designs.
How CVS Caremark plans to address health disparities
CVS Caremark recently launched efforts to better prevent, detect and treat sickle cell disease, HIV and cardiovascular disease. CVS Caremark CMO Sree Chaguturu shared how the PBM launched this effort at the engagement track at HLTH, hosted by MedCity News
23andMe to buy online pharmacy Lemonaid for $400M
The company plans to pair its direct-to-consumer genetic testing with Lemonaid’s online coaching and prescription delivery. It plans to buy the company for $400 million in stock and cash.
We Use Too Many Medications: Be Very Afraid of Interactions
By HANS DUVEFELT I happened to read about the pharmacodynamics of parenteral versus oral furosemide when I came across a unique interaction between this commonest of diuretics and risperidone: Elderly dementia patients on risperidone have twice their expected mortality if also given furosemide. I knew that all atypical antipsychotics can double mortality in elderly dementia patients, but …
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Romaco at CIPM 2021 in Chengdu, China
The right solution for every process step Karlsruhe/Germany, Romaco will take advantage of the upcoming CIPM 2021 (61st China International Pharmaceutical Machinery Exposition) to show its newest technologies for manufacturing and packing oral solids. From granulation, tableting and coating to packing into blisters and cartons, Romaco has the right solution for every process step. VENTILUS® …
Topelia Australia launches US$25M Series A call for COVID-19 ATT Ziverdox
SYDNEY,Topelia Australia, a biotech company established to commercialise a novel ATT treatment for Australians in quarantine, has launched an investment program designed to keep the invention Australian owned – while rolling out treatment to the world. – Topelia announces US$25 mil Series A capital raise to fund manufacture and clinical trials of the COVID-19 Antiviral …
Topelia Australia launches US$25M Series A call for COVID-19 ATT Ziverdox Read More »
Etihad Cargo Expands its African Footprint with the Signing of Pharma Agreement with Astral Aviation and Kenya Airways
Abu Dhabi, UAE – Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad AviationGroup, has expanded its pharma sector reach into Africa with the signing of a Service LegalAgreement (SLA) with Astral Aviation and Kenya Airways to provide reliable and cost-effective airfreight solutions across the continent.Operating a fleet of 14 freighters out of …
Report: Walgreens considers acquiring health IT company Evolent
Walgreens is considering buying Evolent Health, which makes software to help providers manage their value-based care programs, according to a recent report by Bloomberg. Evolent’s stock rose more than 18% on the news of the potential deal.
CVS sues pharmacy benefit startup Capital Rx over ‘unenforceable’ non-compete clause
After Capital Rx’s former medical director of pharmacy services got a job offer at CVS, the PBM startup claimed he couldn’t work there because of a noncompete agreement. CVS recently sued the company, saying its non-compete clause was unenforceable.
Retail pharmacies: The key to making clinical trials accessible for everybody?
Covid-19, if nothing else, has forced the hands of the clinical research community and we have discovered the possibilities for taking giant leaps forward in healthcare by leveraging modern technologies, existing retail infrastructure, and one another.
Express Scripts takes a crack at vaccine passports
The company is rolling out an app for users to show proof of vaccination using a QR code. It can automatically pull in vaccine records for people whose health plans use Express Scripts and who got vaccinated at a pharmacy.
Report: 1 in 5 U.S. counties are hospital deserts
In over 20% of U.S. counties, most people have to drive more than 30 minutes to reach the closest hospital, making them hospital desert areas, according to a recent report. Large swathes of the country are also pharmacy and trauma center deserts.
Walgreens buys $970M majority stake in specialty pharmacy company Shields Health
Walgreens bought a 71% stake in Shields Health Solutions, which strikes partnerships with hospitals to run specialty pharmacy programs. Walgreens has the option to buy the remaining equity interests in the future.
Sesame adds online pharmacy to cash-pay marketplace
The startup, where patients access cash-pay telehealth and in-person visits, recently added prescription delivery through Truepill. It’s offering a list of generic medications for $5.
How Pharma Startups Can Remain Competitive in Today’s Market
Aaron Ferguson, COO and co-founder of Vytal Challenging the status quo is never easy. Neither is being the underdog. Startups face both of these challenges when trying to break into existing industries dominated by well-established players. Differences in the size, speed, processes, and culture of a company make it challenging for all startups to compete, …
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