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Thursday, July 2, 2009
Managed Care
Blue Cross Sells DenteMax Unit to Nationwide Group
Thursday, July 2, 2009, 12:19 am ET; Source: Detroit Free Press
Blue Cross Blue Shield of Michigan announced Wednesday that it has sold its Southfield-based DenteMax dental subsidiary to the Dental Network of America, a move that the insurer said would allow it to offer companies a larger network of dental care benefits.
Key Senate Democrats Trim Cost of Healthcare Bill
Thursday, July 2, 2009, 11:00 am ET; Source: AP via Yahoo!
Determined to advance President Barack Obama's health care agenda, key Senate Democrats are calling for a government-run insurance option to compete with private plans, as well as a $750-per-worker annual fee on larger companies that do not offer coverage to employees.
UnitedHealth Gets Approval for Settlement of Options Case
Thursday, July 2, 2009, 3:29 am ET; Source: Reuters
A U.S. federal judge has granted UnitedHealth Group Inc final approval for the settlement of a 2007 shareholder lawsuit related to past stock options practices, court documents show.
UnitedHealthcare Expands Efforts to Help Reduce Neonatal Intensive Care Admissions
Thursday, July 2, 2009, 9:00 am ET; Source: Business Wire via Yahoo!
UnitedHealthcare, a UnitedHealth Group company, is expanding its efforts to help reduce neonatal intensive care unit admissions for babies delivered by scheduled C-sections prior to 39 weeks gestation unless medically necessary, an initiative supported by the March of Dimes, the leading nonprofit organization for pregnancy and baby health.
Pharmaceutical and Bio Tech
Sanofi-Aventis' Multaq Approved By FDA
Thursday, July 02, 2009, 6:51 am ET; Source: Dow Jones
French drug company Sanofi-Aventis said Thursday the U.S. Food and Drug Administration has approved its heart drug and potential blockbuster product Multaq.
Glaxo Buys Bristol Generic Drugs in Mideast
Thursday, July 02, 2009, 4:45 am ET; Source: Reuters
GlaxoSmithKline expanded its emerging markets footprint on Thursday by buying Bristol-Myers Squibb's branded generics drugs business in Lebanon, Jordan, Syria, Libya and Yemen for $23.2 million.
Johnson & Johnson and Elan Corporation plc Announce Definitive Agreement for Alzheimer's Immunotherapy Program and Equity Investment
Thursday, July 2, 2009, 7:57 am ET; Source: PR Newswire via Yahoo!
Johnson & Johnson and Elan Corporation plc today announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of the assets and rights of Elan related to its Alzheimer's Immunotherapy Program, through a newly formed company.
Alcon Discontinues Development of Anecortave Acetate for Intraocular Pressure Reduction
Thursday, July 2, 2009, 9:25 am ET; Source: Business Wire via Yahoo!
Alcon, Inc. announced today that it has discontinued development of anecortave acetate for the reduction of intraocular pressure associated with glaucoma.
Retail Healthcare
Walgreens June Sales Increase 9%
Thursday, July 2, 2009, 8:00 am ET; Source: Business Wire via Yahoo!
Walgreens had June sales of $5,236,400,000, an increase of 9.0 percent from $4,804,867,000 for the same month in 2008. Sales in comparable stores (those open at least a year) increased 3.4 percent.
Rite Aid Reports 0.6% Same Store Sales Decrease for June
Thursday, July 2, 2009, 8:30 am ET; Source: Business Wire via Yahoo!
Rite Aid Corporation today announced sales results for June.
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