An antitrust lawsuit has been filed against Cigna-owned online pharmacy and pharmacy benefit manager (PBM) Express Scripts by several community, independent pharmacies. The suit alleges the company teamed with rival PBMs to fix pharmaceutical reimbursement rates and fees and collect a portion of the revenue.
PBMs manage pharmacy benefits for healthcare plans, and can negotiate prescription prices...
Pharma giant Lilly announced the launch of a digital health experience dubbed LillyDirect, which offers patients with diabetes, obesity and migraines access to healthcare providers, educational information and a digital pharmacy for select Lilly medicines.
The platform includes LillyDirect Pharmacy Solutions, which allows patients to order Lilly's drugs via a third-party online pharmacy...
Diagnostics company LumiraDx announced it signed an agreement to sell its point-of-care technology to pharma giant Roche for $295 million, with an additional payment of $55 million to fund the platform until the acquisition closes.
LumiraDx developed a diagnostic testing system that uses a small, portable instrument and microfluidic test strips to perform multiple lab-quality tests via a single...
Indian AI drug discovery firm gets $1M to focus on rare diseases
Peptris Technologies from Bangalore, India has received $1 million in pre-seed funding in a round led by Speciale Invest.
In a statement, the AI-driven drug discovery company said it will use its fresh funds to expand its research scope to cover rare diseases, adding to its existing work in cancer and inflammation.
Cipla raises...
Absci, a startup focused on developing generative AI antibody discovery technology, announced a potential $247 million partnership with pharma giant AstraZeneca to focus on expediting the discovery of novel cancer treatments with the help of genAI technology.
The project will leverage Absci's Integrated Drug Creation platform – which combines scalable wet lab technologies with AI, and facilitates...
Walgreens is collaborating with medication access and transparency technology company RxSense to launch a digital marketplace, Rx Savings Finder, where consumers can save money on medication by comparing prices on free third-party discount prescription cards.
RxSense's SaaS platform allows companies to create a pharmacy benefits platform. The company offers analytics, prescription savings program...
German pharmaceutical company Boehringer Ingelheim and tech giant IBM are teaming up to harness the power of genAI and foundation models to further biologic drug discovery.
The partnership leverages IBM’s foundation model technologies, consisting of pre-trained, large-scale neural network architectures, to accelerate the identification of novel antibodies vital for therapeutic development.
These...
Mark Cuban Cost Plus Drug Company announced it partnered with PharmcoRx Pharmacy, a Florida-based health service organization Progressive Care subsidiary, and tech-enabled Expion Health's to lower drug prices for consumers.
PharmcoRx has become a participating pharmacy in MCCPDC's Team Cuban Card, which allows patients at PharmcoRx locations access to generic and brand-name medications at MCCPDC...
Pharmaceutical giant AstraZeneca announced the launch of Evinova, a health technology business focused on bringing digital health solutions already in use globally by the pharma company to clinical research organizations (CROs), trial sponsors and care teams, and patients.
The new company will use established digital technology solutions to streamline clinical trial design and delivery in order...
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09:00 am
November 7, 2023
Partnerships between pharma and healthtech have great potential—but delivering on those partnerships requires overcoming challenges. Expectation and communications can sometimes make effective collaboration difficult. Listen as Ameya Phadke, patient non-pharma solutions leader at Chiesi Group, Dennis Hermann, Head of Europe at Kaia Health and Dan Weinstein, associate principal digital medicine...
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