Tag Archives: Business

FiercePharmaAsia—AZ’s China business; BeiGene CEO’s $28M pay; Kangmei’s $4.4B accounting error

AstraZeneca warned of slowing China growth after it lost a major government procurement deal for Crestor to a generic drugmaker. BeiGene’s CEO nabbed a $ 15 million special equity award in 2018 and ranked as biopharma’s second-highest-paid exec for the year. China’s Kangmei Pharma saw shares plummet on news that its shares could be delisted after a $ 4.4 billion accounting “error.” 1.… Read More »

Kroger buying piece of Shopko's pharmacy business. Prescriptions will move to Pick 'n Save, Metro Market and Copps stores in Wisconsin. – Milwaukee Journal Sentinel

Joe Taschler Milwaukee Journal Sentinel Published 10:08 AM EST Dec 11, 2018 Kroger Co., the parent company of the Pick ‘n Save, Metro Market and Copps stores in Wisconsin, said Tuesday it is buying a portion of the pharmacy business of Green Bay-based Shopko Inc. The agreement calls for Kroger to take over the pharmacy files… Read More »

3M picks up MModal's tech business for $1B

Dive Brief: Multinational conglomerate 3M has inked a definitive agreement to acquire the technology business of Pittsburgh-based MModal for $ 1 billion. MModal develops cloud-based, artificial intelligence-powered speech technology and clinical documentation tools aimed at improving the doctor-patient experience. Its technology business has annual revenue of about $ 200 million. MModal’s transcription, scribing and coding service… Read More »