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Tuesday, March 9, 2010
Managed Care
To Advance Healthcare Reform, Obama Comes Down on Insurers
Monday, March 8, 2010, 8:01 pm ET; Source: The Christian Science Monitor
Don’t shoot the messenger. That’s the response of insurance industries to the latest broadside from the White House on the role of insurance policy hikes in soaring healthcare costs.
Blue Care Network Halts Plan to Buy HMO
Monday, March 8, 2010, 4:10 pm ET; Source: Freep.com
Blue Care Network, a Detroit HMO and subsidiary of the state's largest insurer, has ended plans to buy a large Lansing-area HMO network from Sparrow Health System, the companies announced today.
State of Louisiana Awards Health Contract to Blue Cross
Tuesday, March 09, 2010, 9:10 am ET; Source: The Associated Press
The contract was previously held by Humana, and it was not immediately clear whether the employment figure would be offset by any jobs lost in the state by Humana losing the contract.
Blue Cross of Montana Lost $17M
Tuesday, March 09, 2010; Source: The Associated Press
Blue Cross and Blue Shield of Montana lost more than $17 million on its insurance business last year, while the smaller New West Health Services posted a small gain, the companies reported this week.
Pharmaceutical and Bio Tech
Sanofi-Aventis and Merck to Create a Global Leader in Animal Health
Tuesday, March 9, 2010, 2:00 am ET; Source: Business Wire via Yahoo!
Sanofi-aventis and Merck & Co., Inc. announced today that sanofi-aventis has exercised its option to combine Merial with Intervet/Schering-Plough, Merck’s Animal Health business, to create a global leader in Animal Health.
Exelixis Says it Will Cut 270 Jobs and Restructure
Tuesday, March 9, 2010, 7:33 am ET; Source: AP via Yahoo!
Biotechnology company Exelixis Inc. plans to eliminate about 270 jobs, or around 40 percent of its staff, as it tries to save money and continue development of cancer drugs with Sanofi-Aventis SA and Bristol-Myers Squibb Co.
Teva Announces the Appointment of Dr. Philip Frost as Chairman of Its Board of Directors
Tuesday, March 9, 2010, 8:35 am ET; Source: Business Wire via Yahoo!
Teva Pharmaceutical Industries Ltd. announced today that its Board of Directors received a letter from Mr. Eli Hurvitz indicating that he wishes to be released from his duties at Teva in order to focus on his full recovery.
Watson Says it Seeks Approval for Generic Opana ER
Tuesday, March 9, 2010, 8:36 am ET; Source: AP via Yahoo!
Watson Pharmaceuticals Inc. said late Monday it is seeking clearance to sell a generic version of Endo Pharmaceutical Holdings Inc.'s painkiller Opana ER. Endo filed a patent infringement suit to block the approval.
Healthcare Technology
EU Pushes for Healthcare Records Share with US
Tuesday, March 09, 2010, 3:52 pm ET; Source: ZD Net UK
The presidency, currently held by Spain, wants to lay the groundwork for a bilateral agreement between the EU and US for sharing digital healthcare data, according to a statement it issued.
Retail Healthcare
Walgreen's Duane Reade Widens Loss
Tuesday, March 09, 2010, 8:33 am ET; Source: The Street
The New York-based drugstore recorded a loss of $84.8 million from $17.4 million a year earlier. The results included charges of $59.5 million reflecting the probability of a near-term mandatory redemption of its preferred stock.
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