Buying From Mark Cuban’s Pharmacy Could Save Medicare Billions, Study Says

Medicare’s prescription-drug program could save billions of dollars annually if it purchased generic acid-reflux, cancer and other drugs from a new pharmacy backed by investor Mark Cubanaccording to Harvard Medical School researchers. Mr. Cuban, the billionaire internet entrepreneur and owner of the NBA’s Dallas Mavericks, launched his pharmacy in January with an eye toward disrupting … Read more

Salesforce, Zoom, and Best Buy are using technology to change health care

Salesforce, Zoom, and Best Buy are using technology to change health care | Fortune You need JavaScript enabled to view it. .

AbbVie Shares Drop Amid Missed Sales Expectations for Key Drugs

Text size AbbVie stock is up 15.4% so far this year. Courtesy of AbbVie In a quarterly earnings report out Friday, the drugmaker AbbVie cut its full-year earnings guidance, and a number of its key drugs missed Wall Street estimates. The company’s first-quarter earnings were roughly in line with Wall Street expectations. AbbVie (ticker: ABBV) … Read more

Cyrus Poonawalla is the richest healthcare billionaire in the world

Cyrus Poonawalla, the founder of Serum Institute of India, is the richest billionaire in the healthcare sector in 2022, according to Hurun Global Healthcare Rich List 2022. With a net worth of $ 26 billion, he trumped other pharma company owners from around the world. Poonawalla, the fourth richest Indian, grew his wealth by 41 … Read more

Sierra Oncology Stock Soars After $ 1.9 Billion Takeover by GSK

Text size The deal comes ahead of GlaxoSmithKline’s planned spinoff of its consumer health division in July. AFP via Getty Images GlaxoSmithKline has agreed to buy US rare cancer therapy company Sierra Oncology for $ 1.9 billion in cash, as it looks to boost its portfolio of new specialty medicines. The UK drugmaker will pay … Read more