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Supply Chain



Here are the three latest drugs or medical devices approved by the FDA this week.

Amazon discretely launched Basic Care, an exclusive line of 60 over-the-counter healthcare products, last August and consumers are finding the products to be priced comparably, if not cheaper, to generic products retailed at other well-known pharmacies, according to Business Insider.

In a move to expand its cancer immunotherapy pipeline, Merck & Co. inked a deal Wednesday to buy Viralytics, a virus-based cancer drug firm, for 502 million Australian dollars ($394 million), according to Reuters.

Medtronic CEO Omar Ishrak, PhD, is taking the medical device company in a slightly different direction: accepting more risk in how it gets paid for its products, according to The Wall Street Journal.

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