Berkery Noyes, an investment bank, has released its third quarter mergers and acquisitions trend report for the Healthcare/Pharma Information and Technology Industry. The report shows that M&A activity year-to-date improved 19 percent compared to the first three quarters of 2011. Market activity in the Healthcare Business Services segment rose 20 percent, while the number of transactions in the Medical Information segment more than doubled.
A new survey by CVS Caremark of more than 2,400 of its retail pharmacists concludes that 62 percent of Americans believe the high cost of drugs is the biggest reason why as many as three out of four don’t take medications as prescribed. Non-adherence results in an estimated $300 billion a year in additional U.S. health care spending.
Medtronic has acquired China Kanghui, the medical device maker, for $816 million. The purchase increases Medtronic’s presence in China for its portfolio of medical devices, which ranges from pacemakers and stents to spinal implants and surgical instruments.
Guidelines Emphasize Respecting the Values and Independence of Patient Organizations
WASHINGTON, Sept. 28, 2012 / 3BL Media / PRNewswire-USNewswire/ -- The National Organization for Rare Disorders (NORD) today issued a statement commending the Pharmaceutical Research and Manufacturers of America (PhRMA) for adopting principles to guide the interaction between pharmaceutical companies and patient organizations.
Ten pharmaceutical companies from the U.S. and Europe have formed a nonprofit to accelerate the development of new drugs. The organization, TransCelerate BioPharma, will be headquartered in Philadelphia.
GE Healthcare has launched a global competition on multiple social media platforms to raise public awareness about cancer prevention. Over the next few weeks, GE Healthcare’s “#GetFit” campaign will encourage people to share their own stories and information through Twitter, Facebook, and Sina Weibo.