Pharmaceuticals news and trends

AI Medical Tools Show Promise as Health Tech Markets Rally
artificial intelligence // October 29, 2024

Wayne State scientists are developing artificial intelligence models to cut costs in complex drug design, while Stanford research reveals ChatGPT-4 achieving 92% medical diagnostic accuracy — outperforming human doctors scoring 74%. This wave of AI breakthroughs is reflected in financial markets, where health tech stocks...

Oracle Health to Join US Government Health Information Sharing Program
Healthcare // October 28, 2024

Oracle Health plans to apply for status that will enable its healthcare customers to participate in the U.S. government’s nationwide approach to offering the sharing of health information between providers and payers, pharmaceutical companies and government agencies. The company has begun the process to become...

Walmart Begins Rollout of Same-Day Delivery of Prescription Medications
Retail // October 22, 2024

Walmart has begun rolling out same-day delivery of prescription medications. The company launched this offering in six states and plans to expand it to 49 states by the end of 2025, Walmart said in a Tuesday (Oct. 22) press release. This Pharmacy Delivery service is...

CVS Replaces CEO With Caremark President David Joyner
Personnel // October 18, 2024

CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive, CVS announced Friday (Oct. 18). “The board believes this is the right time to make a change,...

Interviews & Exclusives
Rite Aid CMO Says ‘Data Is Our Best Friend Right Now’

October 07, 2024
Data, in the right hands, can be a business leader’s magic wand. “Data is our best friend right now,” Jeanniey Walden, the chief marketing and customer officer at Rite Aid, told PYMNTS, noting that following an 11-month period in bankruptcy, Rite Aid has emerged with a refined approach to managing their marketing and merchandising efforts by leveraging […]

Smart Digital Platforms Bridge Gap Between Patients, Prescriptions and Medication Access

March 27, 2024
In recent years, the healthcare industry has witnessed a significant transformation, driven by technological advancements and shifting consumer expectations.  One of the most significant advancements lie in the integration of...

Amazon and Walmart Take to the Skies, Aiming to Capture Shoppers

October 20, 2023
What if you could have items delivered by drones? That’s the latest battleground between Amazon and Walmart as both retail giants take to the skies to establish dominance in the...

Telemedicine’s Post-COVID Evolution Paves Way for Digital Therapies, Diagnostics

July 14, 2022
Catapulted from relative obscurity to mainstream status by COVID-19, telemedicine has obvious limitations in treating disease, but the emerging world of digital therapeutics is changing that. This nascent field is...

Quick Reads
GoodRx and CVS Sued for Suppressing Pharmacy Reimbursement

November 05, 2024
Smaller pharmacies are accusing GoodRx and CVS of colluding to suppress generic prescription drug reimbursements. As Reuters reported Tuesday (Nov. 5), drug coupon aggregator GoodRx and a pair of pharmacy benefit managers (PBMs) — CVS’s Caremark unit and Express Scripts — have all been named in at least three lawsuits by independent pharmacies. PBMs, the report notes, negotiate the cost of prescription drugs between insurance […]

Oracle Health to Join US Government Health Information Sharing Program

October 28, 2024
Oracle Health plans to apply for status that will enable its healthcare customers to participate in the U.S. government’s nationwide approach to offering the sharing of health information between providers...

Walmart Begins Rollout of Same-Day Delivery of Prescription Medications

October 22, 2024
Walmart has begun rolling out same-day delivery of prescription medications. The company launched this offering in six states and plans to expand it to 49 states by the end of...

CVS Replaces CEO With Caremark President David Joyner

October 18, 2024
CVS has replaced CEO Karen Lynch as it struggles to repair its healthcare business. David Joyner, president of the company’s pharmacy benefit management unit Caremark, has been appointed as the new chief executive,...