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PharmEasy raises $216 million at a slashed valuation of $710 million

The online pharmacy was last valued at $5.6 billion in 2021, followed by nearly 90 percent decrease in its valuation amidst debt repayment related challenges.

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PE firm Advent to invest $297 million in India's Apollo Hospitals unit

BENGALURU (Reuters) -PE firm Advent International will invest 24.75 billion rupees (nearly $297 million) in Apollo Hospitals unit Apollo HealthCo and merge its online pharmacy business with pharmacy distributor Keimed, the hospital chain operator said on Friday. Advent will invest in compulsory convertible instruments in two tranches for a 12.1% stake in the merged pharmacy business entity, which will have an enterprise value of 224.81 billion rupees. "This valuation surpasses that of peers such as MedPlus Health, underlining the market's recognition of the combined entity's value and growth prospects," Dhara Patwa, an analyst at SMIFS Institutional Research, said.

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Legislation proposed to address closure of independent pharmacies

(St. Paul, MN)--The closure of 24 independent pharmacies in 2023 has prompted lawmakers to take action to preserve healthcare. Proposed bills aim to allow pharmacists to continue providing vaccinations, increase

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Amazon cuts jobs in healthcare divisions

Amazon confirms elimination of roles at One Medical and Amazon Pharmacy, but remains committed to providing high-quality healthcare and investing in technology

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Looking for a deal on that expensive prescription drug? We've got you covered.

Experts say patients can lower their prescription drug costs by shopping around, especially if they are taking generic drugs.

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Knockoff Ozempic Pharmacy Went Out of Business After an Executive's Suicide

Knockoff weight-loss drugs have become a huge cottage industry — and in the case of one online pharmacy, it may have been deadly. In a deep-dive investigation, the Washington Post has revealed the complex inner workings of the now-shuttered ACA Pharmacy, a drug compounding firm that sold its drugs out of a facility in Nashville. […]

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CVS forecasts 2024 revenue above estimates on health services demand

Out-of-pocket drug prices in the U.S. are decided by a complex, multi-tiered network including insurers, drugmakers, pharmacies and pharmacy benefit managers (PBMs), resulting in ambiguity around fees and markups to the original cost of the drug. The new CVS model, called CostVantage, will have a fixed markup and fees to define drug cost and related reimbursement with contracted insurers and PBMs, the company said.

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CVS aims to make pharmacy reimbursement process more transparent

(Reuters) -CVS Health on Tuesday forecast 2024 revenue above market estimates and said it would shift to fixed rates for reimbursements from pharmacy benefit managers and insurers, to boost transparency amid scrutiny on high drug prices. Out-of-pocket drug prices in the U.S. are decided by a complex, multi-tiered network including insurers, drugmakers, pharmacies and pharmacy benefit managers (PBMs), resulting in ambiguity around fees and markups to the original cost of the drug. The new CVS mod

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FACTBOX-Launches of Novo Nordisk's weight-loss drug Wegovy, Health News, ET HealthWorld

Novo Nordisk is pushing ahead with the launches of weight-loss drug Wegovy in Europe and Japan, even as it struggles to keep up with demand. The Danish drugmaker is working to convince European governments and insurers to reimburse the drug, seeking to position it as more than a lifestyle drug.

Norway , United-states , Denmark , New-delhi , Delhi , India , Germany , United-kingdom , Japan , Japanese , Norwegian , Britain

Healthcare startups scramble to assess fallout after Postmeds data breach hits millions of patients

More than two million people across the United States will receive notice that their personal and sensitive health information was stolen earlier this year during a cyberattack at Postmeds, the parent company of online pharmacy startup Truepill. For some of those affected, it's the first they're hearing of Postmeds, let alone that the company lost their sensitive personal and health information during the data breach. News of the data breach also appeared to catch off-guard healthcare startups that previously relied on Postmeds to fulfill their customers' prescriptions.

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