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Pharmacy

The president and co-owner of Physician Specialty Pharmacy in Pensacola, Fla., was charged in connection to a $5 million scheme to defraud Tricare and other insurance companies, according to local news station WEAR- TV. 

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Inovio Pharmaceuticals, a biotechnology company in Plymouth Meeting, Pa., has cut its workforce by 28 percent and axed several early-stage research and development programs to reduce annual expenses.

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