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Art-fair world in shock as Art Basel grabs Fiac’s Paris slot
...Michel Filzi, president of RX France, said: “We reserve the right to challenge the decision concerning Fiac in court in favour of its competitor.”...
January 27, 2022
Drug prices
Pfizer and other drugmakers start 2020 with price rises
...Pharmaceutical companies raised prices on 1,376 drugs by an average of 5.8 per cent on January 1, according to data from RX Savings Solutions, which sells software to help employers and other health insurance...
January 3, 2020
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
US & Canadian companies
US drugmaker Pfizer lifts price of Viagra and 100 other products
...“The latest increases signal that it is ‘business as usual’ rather than the voluntary concessions that Trump indicated were coming,” said Michael Rea, chief executive of Rx Savings Solutions, which makes...
July 2, 2018
Drug prices
Pharmacy benefit managers face bipartisan criticism
...John Prince, chief executive at Optum RX, said manufacturers continue to raise list prices because of a “lack of meaningful competition”....
April 9, 2019
News in-depthUS & Canadian companies
Death of Texas teacher highlights true cost of US drugs
...“The vast discrepancy in what a drug costs the pharmacy and the amount it is sold for to the patient is pure profit for someone in the supply chain,” says Michael Rea, chief executive of Rx Savings Solutions...
March 22, 2018
News in-depthDrug prices
Drugmakers face Senate over drug pricing
...While US lawmakers vie to be the people’s champion, the pharma executives appearing before the Senate finance committee on Tuesday are likely to do two things, according to Michael Rea, chief executive of Rx...
February 24, 2019
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
US & Canadian companies
The drug pricing playbook: how pharma companies keep costs high
...However, Mr Rea of Rx Savings said some drugmakers with expensive products would try to buy preferred slots on formularies — and thus keep their cheaper rivals off the lists — by offering larger rebates...
July 12, 2018
News in-depthUS & Canadian companies
Amazon kick-starts campaign to disrupt pharmacy sector
...Michael Rea, chief executive of Rx Savings Solutions, which makes software to help people reduce their drug bills, says buying PillPack will allow Amazon to move more quickly than if it had launched its...
June 29, 2018
US & Canadian companies
Pharma and healthcare companies braced for Trump shake-up
...“This is the single biggest legislative action that could make a difference in bringing down drug prices,” said Michael Rea, chief executive of Rx Savings Solutions, which makes software to help people cut...
May 6, 2018
US & Canadian companies
Cost of Viagra soars as hundreds of drug prices rise in US
...“If GM raised the price of their trucks by four times the rate of inflation for multiple years, they wouldn’t sell any trucks,” said Michael Rea, chief executive of Rx Savings....
January 4, 2018
The FT ViewRetail & Consumer industry
Pharmacies are set for a big dose of Amazon
...This article has been amended since it was first published to correct the owners of Caremark and Optum Rx...
November 16, 2017
US & Canadian companies
Mars invests in Kind as part of health drive
...Kellogg last month agreed to buy the owner of RX Bars, the protein-bar maker, for $600m....
November 29, 2017
News in-depthUS & Canadian companies
Fears of Amazon drug push rattle US healthcare industry
...“I think there’s plenty of opportunity for impactful efficiency measures to be put in place to control drug prices in this country,” says Michael Rea, chief executive of Rx Savings, which makes software...
November 15, 2017
News in-depthUS & Canadian companies
Allergan deal with Mohawk tribe casts patent shadow
...“Allergan’s ‘social contract’ looks like it was lip service to consumers, insurers and politicians,” says Michael Rea, chief executive of Rx Savings Solutions, which makes software to help employers and...
September 27, 2017
US & Canadian companies
Pfizer raises US prices of 91 drugs by 20% in 2017
...increases on this many products is far more costly and impactful for the American health economy than anything Shkreli ever did by raising one drug by 5,000 per cent," said Michael Rea, chief executive of Rx...
June 2, 2017
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US & Canadian companies
Carlyle looks to sell health business Nature’s Bounty
...Some of its well-known brands include Sundown, Pure Protein and MET-Rx....
January 6, 2017
UK small companies
Biotech and pharma companies hope for better in 2017
...Samir Devani, analyst at Rx Securities in London, expects peak sales for the drug of more than €700m....
January 6, 2017
US & Canadian companies
US drugmaker charges 200 times UK price for common worm pill
...“In my opinion, this is the latest example of a pharma bad actor cornering the US market and taking advantage of payers and consumers,” said Michael Rea, chief executive of Rx Savings, which makes software...
December 18, 2016
US & Canadian companies
AT&T to spend its way into new markets with $10bn investment
...breakdown of our investment, but when we talk about expected capital expenditure in the $22bn range, nearly half of that is going towards delivering integrated solutions for businesses worldwide,” said Steve McGaw...
February 22, 2016
News in-depthThe Big Read
Pharmaceuticals: Staying power
...“The complexity makes it impossible for payers to know the true cost of drugs, and many of them are seeing billions of dollars evaporate unnecessarily,” says Michael Rea, chief executive of Rx Savings, which...
August 21, 2016
US equities
3M slides after cutting outlook
...It has faced scrutiny for its relationship with specialty pharmacies such as Philidor Rx, with which it cut ties in late October....
December 15, 2015
US downturn
Pharma dealmaking helps lift US stocks
...UnitedHealth, which is offering $61.50 a share, is planning to merge Catamaran with its Optum Rx unit, the sector’s number three....
March 30, 2015
Pharmaceuticals sector
UnitedHealth pays $13bn for drug-benefits manager amid deal flurry
...UnitedHealth said it would acquire Catamaran Rx, the fourth-biggest US pharmacy-benefits manager, for $61.50 per share in cash and combine it with OptumRx, its own pharmacy business....
March 30, 2015
FT AlphavilleDan McCrum
“A fancy thing that you don’t do at home”
...Remember that McGaw-Hill Financial (MHFI) was born after another activist, Barry Rosenstein’s Jana partners, took a stake back in 2011....
February 5, 2015
US & Canadian companies
No stone unturned as dealers fight slump
...The events were arranged to drum up interest in the latest Lexus RX 350 sports utility vehicle, which goes on sale next month....
January 29, 2009

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