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Sept 19 (Reuters) – Drug distributor McKesson Corporation said on Monday it would acquire private pharma technology firm Rx Savings Solutions for up to $875 million.
The company helps health insurers and employers seek lower cost prescription medicines, and also provides ongoing medication reminders to help improve adherence to prescriptions.
“Rx Savings Solutions´ offerings for employers and patients will strengthen McKesson´s ability to help solve the most common medication challenges related to access, affordability and adherence,” McKesson Chief Executive Officer Brian Tyler said.
The transaction, which includes a $600 million upfront payment and can i order generic clomid up to $275 million contingent on Rx Savings’ financial performance through 2025, is expected to close in the second half of fiscal year 2023. (Reporting by Leroy Leo and can i purchase generic clomid Khushi Mandowara in Bengaluru; Editing by Vinay Dwivedi)
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The U.S. Food and Drug Administration (FDA) said on Tuesday it sent warning letters to twelve companies for selling certain over-the-counter (OTC) skin lightening products which have not been approved by the agency and pose safety risks.
The products from companies including M & M Beauty and Wellness, Ultimark Products and cheap clomid without a prescription Genomma Lab USA contain hydroquinone, a depigmentation agent used in skin lightening creams which has come under the FDA’s scrutiny over safety concerns.
There is currently only one drug, Tri-Luma, clomid without prescription approved by the FDA which contains hydroquinone, the agency said. The Tri-Luma cream is a prescription product for the treatment of moderate-to-severe melasma, a pigmentation disorder.
The FDA said it has received reports of serious side effects including skin rashes and facial swelling from skin lightening products containing hydroquinone. website
It has advised people to not use such products as they may result in conditions such as ochronosis, a bluish-black or grey-blue discoloration of the skin, which could be permanent.
The agency also said OTC drugs skin lightening products containing skin lightening products containing hydroquinone need to be FDA approved before they can i get clomid be legally sold, as per reforms under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
The FDA has asked the companies that received the warning letters to take prompt action and respond to the agency within 15 days. (Reporting by Amruta Khandekar; Editing by Krishna Chandra Eluri)
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By Selena Li
HONG KONG, June 28 (Reuters) – Hong Kong’s financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city’s Securities and Futures Commission (SFC) said on Tuesday.
Archegos, a U.S.-based family office of investor Bill Hwang which had $36 billion in assets, blew up last year when it was caught short on highly leveraged trades and left global banks with $10 billion in losses.
A majority of Hwang’s exposure was built via a type of equity derivative traded over the counter, written by his bank counterparties, which helped him to circumvent rules requiring reporting positions to U.S. regulators.
“The collapse of Archegos prompted us to take a fresh look at the surveillance tools we use to detect concentrated positions in the over-the-counter (OTC) market,” said SFC Deputy Chief Executive Officer Julia Leung.
Prime brokers operating in the OTC derivatives markets have faced “tough challenges” and it was “evident from the Archegos saga last year,” said Leung, who is also SFC’s executive director for intermediaries.
The regulator is also conducting a thematic review of OTC derivatives activities in Hong Kong to assess prevailing market practices, she said, and the scope of the review will probe firms’ risk management, assessment and escalation practices.
Fragmented global practice and regulation in the opaque OTC derivatives market compounds the regulatory challenges, Leung said, adding gaps in oversight would remain unless “risk governance structures” are integrated.
The SFC will also soon launch a review on block trading, or large sales of shares, in Hong Kong with an aim to potentially introduce standards for how to conduct such business activities.
“We are looking into how market participants communicate information with potential investors prior to the announcement of a (block trade) transaction, commonly known as market sounding,” she added. (Editing by Jacqueline Wong)
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