Pharma

By  Dave Muoio 11:33 am August 25, 2020
The Consumer Technology Association (CTA) announced this morning a new group of 24 technology and digital health companies aiming to develop industry-wide standards for digital therapeutics use. Headlined by big names like Google Health, Doctor on Demand, HP, Livongo and ResMed (see below for the full list), the initiative is tackling the amorphous definitions and terminologies that abound within...
By  Dave Muoio 11:49 am August 24, 2020
Today One Drop announced a string of new deals with Bayer that could bring the digital diabetes-management company nearly $100 million in new funds. The agreements include the closure of a Series C financing round led by the pharma giant, as well as $64 million in unspecified development commitments and potential commercial milestone payments. Launched in late 2016, One Drop's wireless blood...
By  Ahmed El Sherif 04:29 am August 21, 2020
Bahrain’s National Health Regulatory Authority (NHRA) has announced plans to establish a track and trace electronic system to monitor the supply chain of medicines in the Kingdom. This new system will reportedly cover the entire process, from factory of origin to final patient.  The NHRA stated that the platform was to ensure that medicines – including controlled substances – are dispensed...
By  Dave Muoio 03:23 pm August 20, 2020
Picking through the scraps. Following the bankruptcy of 'digital pill' maker Proteus Digital Health, business partner and stakeholder Otsuka Pharmaceutical has been approved to purchase the digital health company's assets by a federal bankruptcy court judge, STAT reports. Otsuka's bid was challenged by Novartis, two former Proteus executives and other investors, who argued that the agreed upon $...
By  Tammy Lovell 08:02 am August 20, 2020
A European consortium has been launched to accelerate the discovery and development of urgently needed medicines to treat SARS-CoV-2, the virus that causes COVID-19. Corona Accelerated R&D in Europe (CARE), is the largest undertaking of its kind dedicated to creating effective therapies with a positive safety profile and repurposing existing therapies for the pandemic. It aims to boost R&...
By  Dave Muoio 01:10 pm August 19, 2020
The United States Postal Service has been at the heart of a bitter partisan divide over the last few months of COVID-19 and the U.S. election season. Prominent Democratic politicians have alleged that recent reforms and administrative changes ushered by recently appointed Postmaster General Louis DeJoy have led to widespread service delays across the country. At the same time, President Donald...
By  Dave Muoio 02:44 pm August 4, 2020
GoodRx, an online pharmacy platform for low-cost prescriptions and price comparisons, has submitted the SEC forms necessary for an IPO, Reuters reports. The timing of the startup's listing is still in the air, however, with 2020 and early 2021 both on the table depending on developments in the market, according to the anonymous source. GoodRx is still in the process of hiring advisors for the...
By  Sophie Porter 01:56 am August 4, 2020
Leaders from across the health sector released a joint statement underlining the potential of the recently-published draft proposal for a European Partnership for Health Innovation, or Innovative Health Initiative (IHI), released by the European Commission. The statement – which accounts for COCIR, EFPIA, EuropaBio, MedTech Europe and Vaccines Europe, all partners in the initiative – acknowledge...
By  Dave Muoio 02:49 pm July 30, 2020
D2C wellness and telehealth startup Hims & Hers is looking to cut down the time between medication orders and delivery for certain customers. Thanks to a newly announced partnership, patients receiving virtual primary care services through Hims & Hers may choose to select Alto as their preferred pharmacy for prescription deliveries. They will have their orders fulfilled automatically ...
By  Dave Muoio 03:05 pm July 16, 2020
Retail pharmacy chain Walgreens has cut a new deal with DoorDash that will bring on-demand delivery of over-the-counter medications and other health, wellness and convenience products to consumers, the companies announced today. Starting today, customers living in the Chicago, Atlanta and Denver areas can place orders for more than 2,300 items via the DoorDash app or website. The companies said...