Abbott faces Senate probe tying formula shortage to tax cut, buybacks

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Alibaba Raises $1.3B For Push Into eCommerce Pharmaceutical Business

PYMNTS

billion it raised in a secondary offering on the Hong Kong stock exchange to expand its eCommerce pharmaceutical business as it rides a wave of growth amid the coronavirus. Alibaba Health Information Technology plans to pump the $1.3

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Supplylogix Secures Pharmaceutical Inventory Management Patent

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The company targets the pharmaceutical industry, and its patent will enable industry players to transfer inventory of medications based on demand, the firm said. “We The pharmaceutical industry is active in the exploration of tech and FinTech to enhance supply chain and other business management processes. B2B Payments B2B inventory management logistics News patent pharmaceuticals Supplylogix What's Hot In B2B

Johnson & Johnson Sales Rise 8.3 Pct Amid Consumer Health, Pharmaceutical Growth

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percent from Q4 2019 to Q4 2020, as consumer health and pharmaceutical sales rose while medical devices worldwide operational sales fell amid the pandemic. It reported that pharmaceutical worldwide operational sales grew by 8.4 Johnson & Johnson reported on Tuesday (Jan.

IBM Targets Pharmaceuticals With Blockchain Supply Chain Tech

PYMNTS

As IBM continues its exploration of how blockchain could disrupt supply chain management, the technology firm has partnered with Hejia to introduce a solution targeting the pharmaceutical space. Reports this week said the companies have together launched a blockchain-based supply chain finance solution targeting procurement processes in pharmaceuticals.

Snap Seeks Ads From Pharmaceutical Companies

PYMNTS

In an effort to have big pharma companies advertise on Snapchat , the social media platform is reportedly pitching itself as a friendlier alternative to Twitter and Facebook. The idea is that younger people might be more open to ads focusing on health matters — and may be more comfortable talking about private matters on the platform, CNBC reported. The social media company had a team speak at the DigiPharma Connect conference in February.

India’s Pharmacists Call For Shutdown Of Amazon Entry

PYMNTS

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. ” Amazon india international News pharmaceuticals Pharmacy regulations What's Hot

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Report: UnitedHealth Buys Online Pharmacy Startup DivvyDose

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I can only speculate that these pharmacies have very strong patient loyalty,” Vinod Melvani, a pharmaceutical executive and consultant, told CNBC. Healthcare acquisitions News pharmaceuticals UnitedHealth Group What's HotUnitedHealth Group Inc. ,

GoodRx’s Strong IPO Shows Disruption Could Be The Cure For Costly Prescriptions

PYMNTS

Truepill Co-Founder and President Sid Viswanathan and CEO Umar Afridi told PYMNTS that the staid pharmaceutical industry is due for a jolt from DTC and technology — specifically application programming interfaces (APIs). Healthcare GoodRx ipo News NowRX pharmaceuticals

Amazon Launches Online Pharmacy In Bengaluru, India

PYMNTS

India’s pharmaceutical industry is expected to reach $55 billion by the end of 2020, up from $28 billion in 2016, according to a report by the Indian Brand Equity Foundation, a nonprofit trust established by the Indian government to promote the Made in India label.

Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

In a recent interview with PYMNTS, Afridi said the pharmaceutical sector is due for a jolt from technology and a direct-to-consumer focus. Investments funding Healthcare News pharmaceuticals What's Hot

Paying People To Get Vaccines: The Ultimate Economic Stimulus?

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Coronavirus COVID-19 economy Health News pharmaceuticals stimulusAmong the economic principles you’ll find in textbooks: People do what they find rewarding.

Troubled NMC Health Suspected Of Faking Drug Orders

PYMNTS

Today’s Financial Times article states: “NMC allegedly used fake documents to simulate orders for pharmaceutical supplies from Neopharma, and its joint venture Nexgen, to obtain credit from banks and factoring agents that financed the fabricated sales.

52 Boston Startups Net $1.5 Billion+ In May

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Investments Amwell Atea Pharmaceuticals Biotech boston funding News Rapid Micro startups Venture Capital What's HotBoston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported.

Pharma Tackles The Puzzle Of Data And B2B Payments

PYMNTS

If one wants to understand the complexities of the pharmaceutical supply chain, just follow the money. Indeed, analysts and industry experts are musing on how to deploy blockchain in several areas of the pharmaceutical industry, including patient record-keeping and authentication, clinical trial data management, and insurance claims. ” B2B Payments B2B Blockchain Chronicled data security data sharing News pharmaceuticals Pharmacy risk Supply Chain wholesale

B2B 64

Health-Data Startup Nets $100M From Google, Others

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Furthermore, Verana works with doctors and pharmaceutical firms during research trials, adding new data. Healthcare Disease Investments News Patient Data pharmaceuticals prescription drugs privacy Verana Health What is Healthcare?

Rite Aid Reports 12 Pct Rise In Revenues

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Retail Earnings Healthcare News pharmaceuticals Rite Aid Corporation What's HotRite Aid Corporation reported on Thursday (Dec. 17) as part of its Fiscal 2021 Q3 results that revenues rose 12 percent, fueled by expansion in the retail pharmacy and pharmacy services areas.

Retail Will Play Major Role In Vaccine Distribution

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Retail Coronavirus cvs grocery News pharmaceuticalsThe vaccines are locked and loaded. Now comes the hard part. As various governmental agencies, healthcare organizations and drug companies step up their efforts to get vaccines distributed, it looks like retail will have a major role to play.

Prescription Savings Apps Help The Medicine Go Down

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Mobile Applications Healthcare mobile News pharmaceuticalsThere’s no field of commercial medicine that’s been more impacted by the digital shift than … medicine itself.

Amazon Halts Plans To Sell Drugs To Hospitals

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Amazon Business, the Amazon unit that sells bulk products to businesses, had mulled selling pharmaceutical products but decided against it. CNBC , citing people familiar with the matter, reported that Amazon found the pharmaceutical market more challenging than anticipated. The challenges Amazon is facing underscore how hard it is to enter the pharmaceutical market, even for major players.

Putting A Dent In The $1.5T Counterfeit Goods Business

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This is doubly true when one considers items like cosmetic products or pharmaceuticals, where getting something that is not as advertised might actually mean getting hurt or sick, or even dying. While there is no clear winner among categories for counterfeit, and there is “a lot to be had here,” fake pharmaceuticals have been a growing industry as of late. In the U.S. and worldwide, counterfeiting is a large, lucrative business worth between $1.2 trillion and $1.5

Apple, Johnson & Johnson Eye Preventative Healthcare

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Apple is partnering with Johnson & Johnson ’s Janssen Pharmaceuticals unit to study whether the Apple Watch can be used to prevent strokes. Apple AFib Apple Watch Janssen Pharmaceuticals Johnson & Johnson News strokes What's HotAccording to Venture Beat , the study is focusing on the latest version of the Apple Watch and whether it can detect atrial fibrillation (AFib), which is a leading cause of strokes.

Hospitals Ready For Amazon As A Supplier, Survey Says

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When it comes to what supplies the platform would provide to hospitals, nearly half said they hope to see commodities sold on Amazon; fewer than 10 percent said the platform should focus on surgical supply sales, pharmaceuticals, or IV solutions, reports said. In April, Amazon reportedly pulled back from a plan to begin selling pharmaceuticals to the healthcare sector after the platform found the industry more difficult than it anticipated, unnamed sources told CNBC.

Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More

GlobalUpside

Finance Director, Takeda Pharmaceuticals. Tony currently holds the role of Finance Director at Takeda Pharmaceuticals. Tony has over 25 years’ experience in senior finance roles including roles in multinational biotechnology, pharmaceutical, and software companies.

The Extremely High Cost Of Counterfeit

PYMNTS

The problem, the report noted, only gets more serious when the goods in question aren’t food, but are pharmaceuticals. Another group, Sproxil, has harnessed the worldwide popularity of mobile phones to combat counterfeiting by embedding scratch-off SMS verification codes in products — from agricultural goods to pharmaceuticals — that consumers can use to check if the item they are purchasing is genuine.”.

Smug Smirking Douchebag Leaves Federal Prison Early

Going Concern

Vyera Pharmaceuticals LLC, which Mr. Shkreli ran as chief executive when it was called Turing Pharmaceuticals AG, purchased exclusive rights to antiparasitic drug Daraprim for $55 million in 2015 and raised its price to $750 a tablet from $17.50

Amazon Tracker: Raising The (Pop-Up) Bar

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Amazon Alexa delivery ecommerce News pharmaceuticals Pharmacy Phrame pop-up retail Retail Tokyo Whole Foods YouTubeFrom teenagers to Tokyo, Amazon is perpetually looking for new ways to meet new consumers where they are.

Kit Check Rolls Out New Tech To Optimize Hospital Supply Chains

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Pharmaceutical industry software company Kit Check has rolled out Bluesight Insights, which harnesses technology for supply chain management.

Global Growth Fireside Chat – Glaukos

GlobalUpside

Founded in 1998, Glaukos Corporation is an ophthalmic medical technology and pharmaceutical company focused on novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. --> Glaukos Corporation. -->. --> Global Growth Fireside Chat. -->.

Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More

GlobalUpside

Finance Director, Takeda Pharmaceuticals. Tony currently holds the role of Finance Director at Takeda Pharmaceuticals. Tony has over 25 years’ experience in senior finance roles including roles in multinational biotechnology, pharmaceutical, and software companies.

Investing in ASEAN – Your Guide to Business in the Region

GlobalUpside

Healthcare – Life Sciences – Pharmaceuticals insights. Investing in ASEAN Publication 2021|2022. Your Guide to Business in the ASEAN Region.

House Democrats Eye Kodak’s $765M US Loan

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Kodak, of course, has long been known for its camera and film business rather than pharmaceuticals. They are also questioning Kodak’s lack of experience with the pharmaceutical industry. Loans Congress Kodak loans News pharmaceuticals What's Hot

Top 6 Countries with the Highest Corporate Tax Rates

GlobalUpside

Brazil mainly imports manufactured products like machinery, lubricants, fuels, pharmaceutical and chemical goods, and accessories for motor vehicles. One of the major imports are cars followed by petroleum oils and gases, and pharmaceuticals. .

Can Kodak’s Moment Last?

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Thus, in one fell swoop, the company is expanding facilities based in New York and Minnesota, creating a Kodak Pharmaceuticals operation. Now, as the CEO was quoted via Fox Business : “We’re here to … help fight the pharmaceutical blockage in the U.S.

Top 10 Manufacturing Countries in the World

GlobalUpside

France primarily exports vehicles, aircraft, food products (wine), pharmaceutical products, electronic and hydrocarbon components. . Manufacturing is a critical component for many product-focused businesses around the world.

Bitcoin Daily: Crypto Mining Encounters Are Down 40 Pct; Spanish Authorities Crack Down On Crypto Laundering Of $3.3M In Drug Money

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In other news, authorities in Spain have taken 33 individuals into custody who allegedly marketed illicit pharmaceuticals via the web and laundered at least some of their $3.37

Report: Purported COVID-19 Vaccines Hit Dark Web

PYMNTS

Pharmaceuticals supply chain security expert Amy Shortman reportedly told the Financial Times: “There will always be a market for people who wouldn't necessarily have access to that medicine and wanted to protect themselves and their families.

Biotech, Augmented Reality Startups Test Investment Appetite With IPOs

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Two initial public offerings (IPOs) are testing investors’ appetites amid the coronavirus pandemic, according to statements from Zentalis Pharmaceuticals and WiMi Hologram Cloud. Zentalis Pharmaceuticals, a biotech group based in San Diego, California, raised about $165 million.

Using Digital To Change How Healthcare Research Gets Done

PYMNTS

For example, consider a pharmaceutical company that’s designing a new clinical-trial protocol with physicians from around the country or the world. The company’s technology already supports 60 different business processes, including work at all of the top 20 pharmaceutical companies.

Chronic Medical Conditions Get Telehealth Boost With DTC

PYMNTS

And it is upending healthcare too, perhaps most visibly in pharmaceuticals, where we can get our meds mailed, on autopilot. The direct to consumer ( DTC) model is changing the way we get our goods and services across everything from makeup to meal kits.

Passenger Airlines Increase Cargo Space To Replace Passengers

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The shipments include products such as cheese, ham and pharmaceuticals.

Deep Dive: Modernizing Patients? Reimbursements, Discounts

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Healthcare providers, insurance companies and pharmaceutical manufacturers across the U.S. Funding Pharmaceuticals Fast. Some patients require daily or weekly medical treatments, meaning they must be equipped to handle years of pharmaceutical costs.

Uber Health To Deliver Meds In Partnership With Nimble

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Uber Health ‘s delivery services are expanding to include pharmaceutical deliveries in some states, according to a press release from the company.