Friday, December 16, 2022: Life Sciences

AbbVie Inc is leaving the Pharmaceutical Research and Manufacturers of America (PhRMA) and the Biotechnology Innovation Organization, two of the most influential pharmaceutical trade groups. The pharmaceutical giant’s move comes as provisions in the Inflation...

Friday, December 16, 2022: M&A

Two New Jersey-based health systems – Cape Regional Health System and Cooper University Health – signed a letter of intent to merge into a system of more than 10,000 employees and over $2.2 billion in annual revenues. Cooper University Health is the major academic...

Friday, December 16, 2022: Payers

Blue Cross Blue Shield of Massachusetts announced new value-based agreements with the state’s largest health systems to link financial incentives to equity improvements. Collectively, the four health systems – Steward Healthcare Network, Beth Israel Lahey Health, Mass...

Thursday, December 15, 2022: D.C. News

The House of Representatives voted to pass a stopgap bill to avert a government shutdown at the end of this week. The vote was 224 to 201, with nine Republicans joining Democrats to vote in favor. The bill must now go to the Senate to be approved before it can go to...

Thursday, December 15, 2022: D.C. News

The White House and the U.S. Postal Service relaunched a website that allows people to order free COVID-19 tests and have the tests mailed to their homes. The move is part of the Biden administration’s larger winter preparedness plan to manage another potential...