UnitedHealth has announced a deal to buy pharmacy benefits manager Catamaran Corp. for $12.8 billion. The move is a part of pharmacy benefits company fight against rising prescription drug costs.
The work of Pharmacy benefits managers is to help negotiate the prices that customers pay for prescription drugs.
For customers, they are like a key component in the push to contain soaring costs from specialty drugs, complex medicines that can represent treatment breakthroughs. Usually, such drugs cost much higher than other drugs.
The rise in costs due to these drugs may affect more patients as use of the treatments is growing and coverage for them is shrinking.
In a bid to increase sales, Volvo Cars has decided to open an assembly plant in the US, said The Associated Press. For the North American plant, Volvo Cars would be required to shell out an estimated $500 million. The plant will help strengthen Volvo in a new push by the automaker in the US market.
Reports have revealed that the automaker has considered various locations for the construction of the assembly plant, but has not disclosed the short list of locations as of now. The company is expected to make the announcement in next few months.
The scuffed and rusty disc-shaped front end of the broken tunnel-boring machine has been lifted by Crews from the ground in Seattle. Crews have pulled it out of a 120-foot-deep pit to do repair work.
According to the Seattle Times, it seems that the process is going smoothly with the 2,000-ton machine segment emerging from the ground. The Dutch lift company, contractor Seattle Tunnel Partners and machine maker Hitachi have been praised by Matt Preedy, deputy Highway 99 tunnel administrator for the Washington State Department of Transportation (WSDOT), for devising a good lifting plan and carrying it out.
Philips, the Netherlands-based consumer electronics firm, said on Tuesday that it has finally decided to sell an 80.1% stake in the lighting components division for $2.8 billion to Go Scale Capital.
Go Scale Capital is a new investment fund that focuses on LEDs and electric car battery technology.
Amsterdam-headquartered company said that the deal values the subsidiary, which comprises an automotive light unit and Philips' 'Lumileds' LED business, at $3.3 billion in cash and debt.
This division of the company reported a profit of nearly 141 million euros in 2014 on sales of 1.42 billion.
Go Scale, which also has other investments in LEDs and electric car battery technology, said in a statement that it aims at expanding the businesses of using LEDs in cars.
Elon Musk, chief product architect of Tesla Motors tweeted that the company would introduce a major new product line next month. Musk tweeted that the new product line will be revealed at Hawthorne Design Studio on Thursday 8pm, April 30. Shares in the electric car company jumped 3% to $190.97 on the news.
Some reports mentioned that the product might be a home battery based on a technology used in the Tesla vehicles. Musk has spoken about it during a February earnings call.
At that time, he said, "We're going to unveil some of the Tesla home battery or consumer battery that will be for use in people's houses or businesses, fairly soon. We have the design done, and it should start going into production probably in about six months or so".
The US Department of Justice (DOJ) has ordered L. A. Star Seafood Company to stop processing and distributing smoked, salt-cured and pickled seafood products until they improve their sanitary conditions and work as per the Federal Food, Drug and Cosmetic Act.
The Los Angeles food processor and distributor was given the orders as links were found between its ready-to-eat smoked and pickled fish and listeriosis and botulism. The prosecutors were of the view that the manufacturer has been targeted earlier as well by inspectors with the US Food and Drug Administration.
Last Thursday, US District Judge Michael W. Fitzgerald entered into a consent decree of permanent injunction (PDF) against the company and its owners, Sam and Sima Goldring.
A new study has revealed that when sperm meets egg, the two genders are conceived in equal numbers, according to the data analyzed by the research team. Despite this fact, more male babies than female babies are born every year worldwide. The new study has showed that more boys are born because more females than males die before birth, which results in excess male births.
The study has debunked the belief found in many textbooks and scientific article that conception is dominated by males, said Steven Orzack, a study author.
It has been reported that the White House on March 27 unveiled its National Action Plan for combating antibiotic-resistant bacteria. As per sources, the new five-year plan worth $1.2 billion would include both human and animal health factors.
Earlier in September 2014, President Obama issued an executive order to fight Antibiotic-Resistant Bacteria that led to the creation of an interagency taskforce, led by the Secretaries of Agriculture, Defense and Health and Human Services.
GNC Holdings witnessed 7% rise in the its share price Monday after reaching an agreement with the New York administration in which the company agreed to conduct new and more thorough testing procedures for herbal supplements.
The Pittsburgh-based company was one of four retailers, which was accused by New York of selling supplements whose ingredients were not listed on the labels. The products in question were five Herbal Plus supplements, which include gingko biloba, St. John's wort, ginseng, echinacea and saw palmetto.
On Monday, GNC Holdings said it has reached an agreement with New York's attorney general Eric T. Schneiderman that its products are in full compliance with the FDA rules have been restored to stores in New York.
Investigators are trying to know the exact cause of Germanwings crash, but according to mental health experts, any mental illness that Germanwings co-pilot Andreas Lubitz had is the only possible reason of the tragedy. As per some scientific studies, most of the people who have mental health problems do not hurt other people.
Seena Fazel, a professor of forensic psychiatry at the University of Oxford in England, said factors like anger or drug and alcohol abuse are usually involved when people commit strange acts such as deliberately crashing a plane.
About two years ago, the National Aeronautics and Space Administration (NASA) announced its Asteroid Redirect Mission (ARM). The concept was released by the agency in its fiscal year 2014 budget request. That time, the space agency stated that it planned to send a robotic mission to a near earth asteroid.
According to the agency's plan, after that, astronauts would go to capture the asteroid and collect samples from its surface. The agency further stated that it will demonstrate technologies that would be critical for mission in near future beyond earth's orbit. The agency's mission has been in question from a long time. Some scientists of the scientific community wondered how such a mission could help in future missions.
BioDelivery Sciences International, a specialty pharmaceutical company, announced that phase 3 clinical study of Clonidine topical gel did not met the statistical significance.
Clonidine topical gel was compared to placebo in the phase 3 study for the treatment of painful diabetic neurology.
On one hand where the results were not favorable in the primary efficacy endpoint, certain secondary endpoints showed statistically significant improvement over placebo.
In addition, a strong safety profile for the product was observed. The company said in a statement that the results of the trails will allow them to refine the protocol criteria to capture a more 'enriched' patient population and target site selection.
In Autism Awareness Month, Gainesville libraries have decided to launch new programs geared toward children with autism.
It has been found that the Alachua County Library District has planned to unveil Sensory Storytime for children with sensory integration challenges.
Erin Phemester, youth services senior manager at the Alachua County Library District, through an email said that the new storytime program aims at involving children, mainly those with autism.
The very first program has been scheduled to start on April 19 at the Headquarters Library, at 401 E. University Ave. And registrations for the first storytime event will start on Wednesday. Phemester said during the storytime, the children will listen to stories and songs and will play with lap-dogs.
According to reports, pediatricians have urged caregiver and medical providers to use only one method to measure medications. Earlier, a case was reported where a child was rushed to the emergency due to suspected overdose. Caregivers usually use a teaspoon or tablespoon to give medicine to a patient. As there is no definite method to give medicine to a patient, it becomes difficult to solve the problem of overdosing.
Now, according to pediatricians, parents or caregivers should use the metric system while giving medication to a patient. Earlier, a report published in the journal Pediatrics provided the rationale to use this system. The new guidelines represent a significant step to increase safety of giving medications to kids.
Harvard University researchers said in a report on Monday that consumption of fruits and vegetables that contain relatively large amounts of pesticide residue may alter sperm count of men. This poses serious risk of developing fertility problems.
The research was conducted by researchers at the T. H. Chan School of Public Health. The research has been claimed to be the first to establish a link between pesticides in fruits and vegetables and reproductive problems.
A survey was carried out involving more than 16,000 teenagers in north-west England. The results unveiled that one in five students aged between 14 and 17 has bought or tried e-cigarettes.
This has led scientists to ask for urgent controls on the promotion and sale of e-cigarettes to children. The poll unveiled that nearly one in 20 teenagers who bought or tried e-cigarettes have never smoked conventional cigarette before.
It indicates that vaping has become a new thing to try among teenagers. However, the survey could not unveil who among them became long-term users of e-cigarettes or the devices were used to assist them quitting traditional tobacco smoking.
In a breakthrough revelation, researchers from Johns Hopkins Medicine have suggested that if magnetic resonance imaging (MRI) machines are used to detect sugar molecule biomarkers, it might improve the efficacy of biopsies.
The study researchers shared that the new imaging method was able to detect telltale sugar molecules that were shed by the outer membranes of cancerous cells.
Jeff Bulte, PhD, a professor of radiology and radiological science in the Institute for Cell Engineering at the Johns Hopkins University School of Medicine, explained that when cells become cancerous, some proteins present on their outer membranes shed sugar molecules making them less slimy.
A new study has found that brain scans of children who come from low-income families are less developed compared to children from wealthier families. The study was conducted by researchers from University of Hawaii and University of California-San Diego.
According to researchers, during the study, they found that brains of children from poorer families have smaller brain surfaces and poorer cognitive performance. They also found that different parts of the brain that help in language, reading and spatial skills were less developed.
According to a new study, it's not sure that an apple a day would keep the doctor away. The study says those who consume apples daily have to visit a doctor as many times as those who eat fewer or no apples.
The results of the study do not indicate that consuming apples is not a good choice. It simply means that one can't depend on just one kind of food in order to maintain health and avoid sickness.
According to approximately one-third of the adults studied, they didn't visit doctor more than once in the previous year and others said that they visited at least twice. It was found in a preliminary analysis that apple eaters had somewhat fewer visits than those who avoided apples i. e. consumed less than one daily or no apples.
A new research has found strong evidence that the recent, alarming clusters of sudden-onset paralysis cases, most of them in California and Colorado, were caused due to the same virus that was responsible for hundreds of severe respiratory infections in US children previous year.
In a study published on Monday, UCSF scientists said the main reason for worry is that the enterovirus identified in the research is a new strain that seems to have mutated to become more polio-like, has raised the prospects of outbreaks of the disease in future.