Updated with comments from Qualcomm and Capsule Tech Qualcomm (NASDAQ: QCOM) said yesterday its subsidiary Qualcomm Life has purchased medical data management company Capsule Tech for an undisclosed amount. The San Diego, Calif.-based company said the acquisition will allow Qualcomm Life to expand from into hospitals, taking over Capsule’s 1,930 hospital clients in 38 countries. “For Qualcomm […]
Abbott (NYSE:ABT) said its board of directors approved the spinout of its branded pharmaceuticals business as AbbVie Inc. in which Abbott’s shareholders will receive an AbbVie share for each ABT share they own.
The distribution is slated for Jan. 1, 2013, for shareholders of record as of Dec. 12, according to a press release.
MASSDEVICE ON CALL — Up to 30 percent of the money spent by the Centers for Medicare & Medicaid Services is wasted, said former agency chief Dr. Donald Berwick.
In an interview given on his last day at the helm, Berwick blamed the high level of waste partly on inefficiencies within the agency.