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Pharmacy

The FDA failed to consistently record and evaluate necessary information to ensure drugs given the prized rare-disease designation met the legal standards required by the Orphan Drug Act, according to a new report from the Government Accountability Office.

U.S. pharmaceutical giant McKesson Corp. is moving its headquarters from San Francisco to its existing office in Las Colinas, Texas, in April, according to the San Francisco Chronicle.

Drug giant GlaxoSmithKline agreed to buy cancer treatment company Tesaro for about $5.1 billion including debt, according to CNBC.

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Healthcare leaders should expect changes as specialty drug spending continues to grow and health systems move to bring services closer to patients, among other trends in the new year, according to a new report from from the McKesson RxO team.

Although CVS Health's deal to buy Aetna for $69 billion closed Nov. 28, U.S. District Judge Richard Leon raised the prospect of not approving the deal during a routine legal process post-transaction, according to Reuters.

Twelve of the 19 largest pharmaceutical and biotech companies have at least one director serving on their board who simultaneously serves in a leadership position at a healthcare system, according to BioPharma Dive.

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