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As pharma jobs leave N.J., office-space ghost towns remain
By National Public Radio | August 01, 2014
New Jersey used to be known as "the nation's medicine chest," but over the past two decades, many of the state's pharmaceutical industry jobs have dried up or moved elsewhere, and left millions of square feet of office space, warehouses and laboratories sitting empty.
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News
HCA promotes Taylor from interim to permanent head of Parallon
By Bob Herman | July 31, 2014 | Basic Web Basic Web Subscription Details
Effective immediately, HCA has named Chris Taylor president of Parallon, the hospital chain's revenue-cycle management subsidiary. Taylor, 51, has led Parallon as interim president since November 2013.
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News
Compounding pharmacies band together to fight coverage limits
By Steven Ross Johnson | July 31, 2014 | Basic Web Basic Web Subscription Details
A group of compounding pharmacies has joined a provider network launched this month, aiming to serve as an intermediary to negotiate with payers. The move comes in response to the recent decision by a number of pharmacy benefits managers to limit coverage of some custom medications.
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News
Teva earnings rise on growing generic drug sales
By John N. Frank | July 31, 2014 | Basic Web Basic Web Subscription Details
Strong U.S. and international sales of its generic drugs sent second-quarter earnings higher for Israeli-based Teva Pharmaceutical Industries, the world's largest generic drugmaker. U.S. generic sales rose 10% in the quarter, while overall generic revenue was up 5%, and generic profitability rose...
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Information
Baxter to offload vaccine business to Pfizer for $635 million
By Kristen Schorsch, Crain's Chicago Business | July 31, 2014
Baxter International is selling its vaccine business to Pfizer for $635 million as it prepares to split into two companies.
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News
MedAssets sees revenue, net income rise
By Jaimy Lee | July 30, 2014 | Basic Web Basic Web Subscription Details
MedAssets, an Alpharetta, Ga.-based group purchasing organization and healthcare services company, reported small second-quarter increases in revenue and net income despite a decline in net administrative fees for its GPO.
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Information
J&J withdraws fibroid treatment device from market
By Associated Press | July 30, 2014
Johnson & Johnson is asking surgeons not to use a line of devices for removing growths from the uterus amid regulators' growing concern that the electronic surgical tools raise the risk of spreading cancer to other parts of the body.
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News
NuVasive reports increased sales in three units, smaller losses for Q2
By Jaimy Lee | July 29, 2014 | Basic Web Basic Web Subscription Details
NuVasive, a San Diego-based manufacturer of devices used in minimally invasive spine surgeries, reported that three of its four business units saw double-digit U.S. revenue growth, leading to smaller losses than the company saw in the same quarter last year.
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Information
Pfizer's 2Q profit sinks 79% but tops forecasts
By Associated Press | July 29, 2014
Pfizer's second-quarter earnings plunged 79% from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff.
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Vital Signs
Sovaldi likely to cost Medicare billions
By Virgil Dickson | July 29, 2014
The rising cost of hepatitis C drugs like Sovaldi and Olysio will increase Medicare Part D spending by $2.9 billion to $5.8 billion next year and could drive up premiums as much as 8.6%, according to a new report by the actuarial firm Milliman.
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