January 11, 2024
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...
January 4, 2024
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...
January 2, 2024
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...
December 22, 2023
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.
December 6, 2023
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...
December 1, 2023
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...
November 30, 2023
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.
November 28, 2023
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...
October 23, 2023
Sibel Health, a spin-out of Northwestern University, announced the release of its physiological monitoring platform for clinical trial use dubbed Discovery alongside a partnership with AI-powered clinical trial solutions company Medidata.
The Illinois-based healthcare technology platform Discovery utilizes its FDA-cleared wearable sensors to monitor participants' digital endpoints and vital...
October 19, 2023
On Wednesday, Amazon Pharmacy announced the launch of free drone delivery for prescription medications in 60 minutes or less for eligible customers in College Station, Texas.
Over 500 medications for common conditions will be available via drone delivery, including flu, asthma and pneumonia. Once an order is placed, a pharmacist will load the medication into a Prime Air drone and ensure delivery...