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Phase Forward re-upped its multi-year deal with contract research organization SGS Life Sciences. Specific terms of the deal were not disclosed.
The Waltham, Mass.-based clinical trial data management provider said the agreement renews a deal with the Belgian CRO first struck in 2002.
A Nashville-based electronic medical records provider drew flocks of investors to its initial public offering today, breathing some much-needed life into the moribund life science IPO market that’s been largely stalled since the economic downturn began last year.
Emdeon Inc.‘s stock opened at at $17.75 per share August 12, up 14.5 percent from yesterday’s IPO price of $15.50, the Wall Street Journal reported, as investors bagged 23.7 million shares — 2 million more than expected — at the high end of the expected range set by underwriters Morgan Stanley, Goldman Sachs Group Inc., UBS AG and Barclays PLC.
The offering pulled in about $367 million.
Interview with the Center for Connected Health: Center for Connected Health founder and director Joseph Kvedar tells Mobihealthnews about the center’s various wireless health programs: “We have programs in a number of chronic illnesses; heart failure is our most advanced program. For diabetes we have an up and coming, growing program,” Kvedar says. “We have done a lot of interesting things with high blood pressure, both in terms of our use as a provider but also in terms of in the market place as an employee benefit. We have a program up and coming in activity monitoring and weight control.
Athenahealth Inc. continues to position itself as a leader in the nationwide push to convert physicians to digital medical records, as the company reported a 42 percent increase in sales and healthy profits during the second quarter.
The Watertown, Mass.-based provider of web-based healthcare software reported a $3 million second-quarter profit on about $47 million in sales, compared to the $2.8 million profit the company reported on $33 million in sales during the same period last year.
The co-founder of Athenahealth Inc., will have to sever his ties to the company after accepting an appointment as chief technology officer for the U.S. Dept. of Health & Human Services, the federal agency that oversees Medicare.
Todd Park, who co-founded the Watertown, Mass.-based digital medical records provider alongside chairman and CEO Jonathan Bush 12 years ago, will resign his seat on Athenahealth’s board effective August 10 and sell his stake in the company and others that might pose a conflict of interest.
Qualcomm CEO confirms LifeComm shutdown: At the recent Qualcomm Smart Services Leadership Summit, CEO Paul Jacobs confirmed Mobihealthnews‘ recent scoop that the company’s healthcare focused MVNO LifeComm had become irrelevant. The website broke the news that LifeComm was shutting down two weeks ago. “After working for a few years to get the venture capital lined up, we were hit with the economic downturn. In the meantime, operators have done these open initiatives,” Jacobs said. “Lifecomm as an MVNO became irrelevant. Events overtook it.
Phase Forward Inc. had a pretty good run during the three months ended June 30, posting healthy sales and earnings increases and making a pair of acquisitions to broaden its portfolio of offerings.
The Waltham, Mass.-based clinical trial data management provider posted second-quarter sales of $52.5 million, up 29 percent compared with sales of $40.9 million during the same period last year.
Physicians Interactive buys classic mobile medical publisher Skyscape: Digital sales and health marketing company Physicians Interactive acquired mobile medical content publisher Skyscape late last week for an undisclosed sum. According to a PI press release, the deal gives its partners access to Skyscape’s more than 1 million users. Skyscape’s mobile apps and PDA programs for health practitioners compete with similar offerings from Epocrates, Thomson Reuters and many more. 
Qualcomm looks at its options for LifeComm: It’s been more than four years since Qualcomm first announced plans to help launch a healthcare-focused mobile phone service called LifeComm. Qualcomm and its (still) undisclosed partners recently decided it was time to pull the plug on LifeComm, after failing to raise additional third-party funding, an anonymous source told mobihealthnews. LifeComm is just one of many of Qualcomm’s health initiatives.
MedVentive Inc. raised nearly $5 million in an equity offering, according to a filing with the federal Securities and Exchange Commission.
The Waltham-based healthcare management software provider, which was looking to raise a total of $7.25 million, managed to drum up $4.86 million from a group of six unidentified investors.
MedVentive was founded in 1997 by the CareGroup Healthcare System, a network of 3,000 physicians, six hospitals and more than 1 million patients that includes Boston’s Beth Israel Deaconess Medical Center.
Phase Forward Inc. will pay $10 million for Covance Inc.‘s Interactive Voice & Web Response Services in a deal expected to close by the end of next month.
The Waltham-based clinical trial data solutions provider also inked a multi-year marketing deal with Princeton, N.J.-based Covance to supply its InForm electronic data capture solution to Covance’s clients.
