Consolidation in Health Care E-Commerce
Consolidation continues at a frenzied pace in health care e-commerce, with the Web MD/Healtheon merger and CVS' acquisition of online pharmacy soma.co. The Healtheon/WebMD deal is certainly attention grabbing, but the new company's ultimate success will depend largely on Healtheon's ability to get physicians to buy its connectivity offerings. CVS' purchase of Soma.com is probably a harbinger of the limited future for pure play internet pharmacies.
You may also be interested in...
New data seems to indicate an uptick in the percentage of premarket applications that receive a major deficiency letter. See what US FDA spokesperson Alison Hunt said about strategies to avoid them.
Japanese firm says it will end SHP647 development after trying unsuccessfully to find takers for GI drug similar to its blockbuster Entyvio, first flagged by European authorities over competition worries.
The Environmental Working Group and US PIRG suggest that beauty and personal-care firms should avoid using talc in loose powders, if not all cosmetic products, and that the US FDA should consider banning the ingredient due to the potential for asbestos contamination, among other concerns.