Navigation Links
Medco Announces Agreement to Acquire United BioSource Corporation: A Global Medical Research and Scientific Services Leader to Advance Drug Safety and Knowledge
Date:8/16/2010

0;The acquisition of UBC represents Medco's ongoing commitment to provide innovation and value in healthcare, extending our global footprint into the areas of health information technology, information services and research," said David B. Snow Jr., Medco Chairman and CEO.  "UBC's products and services broaden the Medco portfolio consistent with our core mission of making medicine smarter through the generation, translation and application of evidence critical to the delivery of high-quality, cost-efficient care that improves patient outcomes."  

The transaction, which will be funded through Medco's free cash and existing debt facilities, is subject to customary regulatory approvals and is expected to close in the third quarter of 2010.  The new business is expected to be slightly accretive to Medco shareholders in 2011, excluding one-time items and amortization.

"At UBC, our scientists are focused on delivering actionable evidence to guide the safe and effective use of biopharmaceuticals and enhance the quality and value of health care.  The focus on evidence, value and real-world effectiveness research will remain a core focus of the UBC business," said Ethan Leder, UBC CEO, who founded the company in 2003 with President and CFO, Mark Clein.  "Medco provides our team of industry-leading experts with an array of exciting new resources to accelerate growth, including opportunities to collaborate with its clients and contribute to the mission of delivering the right drug to the right patient at the right time."

Upon closing the transaction, UBC would become a wholly-owned subsidiary of Medco that will be run independently from Medco's core business to ensure compliance with contractual requirements and client expectations.

"Prior to this transaction, we completed several meaningful studies with our clients to evaluate the impact of emerging technologies on health outcomes," said Dr. Robert Epstein, Medco's chief me
'/>"/>

SOURCE Medco Health Solutions, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine technology :

1. MEDcounselor Drug Information Now Available on ISMPs ConsumerMedSafety.org
2. Medco and Celesio Announce Pan-European Joint Venture to Enhance Quality of Clinical Care and Reduce Overall Healthcare Costs
3. Medco CEO to Present at the Sanford C. Bernstein & Co., LLC 26th Annual Strategic Decisions Conference 2010
4. Medco to Present at the 2010 Citi Investment Research Global Health Care Conference
5. Medco Donates $125,000 to Red Cross for Flood Relief in Tennessee and Other Affected Areas
6. Medco Study: Despite FDA Warnings, Nearly One-Third of Asthma Patients Still Treated with Long-Acting Beta Agonists Without Controller Medications, Increasing Their Risk for Complications and Hospitalizations
7. Medco Announces Webcast for Annual Meeting of Shareholders
8. Medco to Present at Upcoming Investor Conferences
9. Medco to Present at the Deutsche Bank 35th Annual Health Care Conference
10. Medco, Mayo Clinic Study Reveals Using a Simple Genetic Test Reduces Hospitalization Rates by Nearly a Third for Patients on Widely Prescribed Blood Thinner
11. NxStage(R) and Nordic Medcom Sign Distribution Agreement for the System One(TM)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 2015  Amgen (NASDAQ: AMGN ) today announced that it ... on Tuesday, Jan. 27, 2015, after the close of the U.S. ... with the investment community at 2 p.m. PT. Participating in the ... and chief executive officer, and other members of Amgen,s senior management ...
(Date:1/22/2015)... , Jan. 22, 2015 Increasing sophistication among ... consolidation of localization purchasing in 2015, says Moravia ... to a recent study by market research firm Common ... single-source solution for their translation and localization needs. "From ...
(Date:1/22/2015)... Markets ( http://www.researchandmarkets.com/research/w25xpc/allergy ) has announced the addition ... & by End User - Global Forecast to 2019" ... diagnostics market is valued at $1,228.58 million in 2014 and ... reach $2,230.72 million by 2019. Allergy diagnostics is used to ...
Breaking Medicine Technology:Amgen Announces Webcast of 2014 Fourth Quarter and Full Year Financial Results 2Moravia Sees Single-Sourcing as Key Localization Trend in 2015 2Global Allergy Diagnostics (Immunoassay Analyzer, Luminometer, Assay Kit, Consumables) Market - Forecast to 2019 2Global Allergy Diagnostics (Immunoassay Analyzer, Luminometer, Assay Kit, Consumables) Market - Forecast to 2019 3
... announces that a new market research report is ... Global Medical Imaging Equipment Services Industry ... report analyzes the worldwide markets for Medical Imaging ... Product segments: OEM (Original Equipment Manufacturer), and Other ...
... NEW YORK, Feb. 23, 2011 Reportlinker.com announces ... in its catalogue: Global ... http://www.reportlinker.com/p092536/Global-Hematology-Instruments-and-Reagents-Industry.html This report ... Reagents in US$ Million by the following Product ...
Cached Medicine Technology:Reportlinker Adds Global Medical Imaging Equipment Services Industry 2Reportlinker Adds Global Hematology Instruments and Reagents Industry 2
(Date:1/22/2015)... Va. (PRWEB) January 22, 2015 Liberty University ... Counseling (M.A.) program from the Council for Accreditation ... program, part of Liberty’s Center for Counseling & Family ... founding dean of the university’s new School of Behavioral Sciences. ...
(Date:1/22/2015)... Padre Murphy's and Owner Tom Boyle in Glendale, AZ ... Alliance (PPHA). The PPHA's passion for others' well-being and ... greats, treated for obstructive sleep apnea (OSA) has propelled them ... in the valley. The most recent plans for an event ...
(Date:1/22/2015)... (PRWEB) January 23, 2015 AngelWeddingDress, the ... of 2015 maternity wedding dresses. View website ... are looking for maternity wedding dresses online for a ... gowns with high quality for them. Its maternity wedding ...
(Date:1/22/2015)... Autocarinsurancebest.com has released a new blog post ... insurance policy . , Auto insurance quotes help many ... no longer necessary to call an agent or visit an ... on a single website: http://autocarinsurancebest.com/ . , Every business ...
(Date:1/22/2015)... 2015 Yesterday, Senator Holly Mitchell ... Kristin Olsen (R-Modesto) were honored by the California ... biotechnology, biomedical science, medical device and pharmaceutical innovation ... the “2014 Life Sciences Champion” award from CHI ...
Breaking Medicine News(10 mins):Health News:Liberty University's Resident Master’s Counseling Program Receives CACREP Accreditation 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 3Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3
... The American Heart,Association recognized several distinguished volunteers and ... The Cure on the Hill Awards Luncheon" and,"Gold ... association presented its Gold Heart Award to Coletta ... O. Grant, M.D., Ph.D.,and Reginald L. Washington, M.D. ...
... Pauletta and Denzel Washington will present two research ... in Denzels hometown of Mount Vernon, N.Y. The ceremony ... Denzel Washington Family Scholar in Neuroscience Awards have been ... at Cedars-Sinai Medical Center in Los Angeles. The program ...
... Bamberg, Calhoun, Chester, Kershaw, Lancaster, Lexington, Orangeburg, Richland, Sumter and ... ... COLUMBIA, S.C., April 30 BlueCross,BlueShield of South Carolina and WellPoint ... Carolina Department of Health and Human Services,to offer Medicaid benefits to ...
... Visualization Solutions Has Become Worldwide Imaging, ... Collaboration, MINNEAPOLIS, April 30 Vital Images, ... enterprise-wide advanced,visualization and analysis solutions, has surpassed the ... more users,worldwide of advanced visualization software solutions., ...
... a gastric juice PCR test for the detection of H. ... with histology and gastric biopsy PCR. , This study, led ... to be published in the March 14, 2008, issue of ... is a gram-negative spiral bacterium that infects the human gastric ...
... a number of researchers who are searching for useful ... as an effective target in clinical therapy. Hb3 is ... laboratory, and whose sensitivity and specificity are superior to ... may be useful in the clinical diagnosis of colorectal ...
Cached Medicine News:Health News:Association Honors Top Volunteers, Staff Member at Washington, D.C. Meeting 2Health News:Association Honors Top Volunteers, Staff Member at Washington, D.C. Meeting 3Health News:Denzel Washington's hometown hosts awarding of scholarships bearing Washington family name 2Health News:Denzel Washington's hometown hosts awarding of scholarships bearing Washington family name 3Health News:BlueCross BlueShield of South Carolina and WellPoint Affiliate Receive State Approval for Ten South Carolina Counties 2Health News:BlueCross BlueShield of South Carolina and WellPoint Affiliate Receive State Approval for Ten South Carolina Counties 3Health News:Vital Images Surpasses 3,000 Customer Sites Worldwide 2Health News:Vital Images Surpasses 3,000 Customer Sites Worldwide 3Health News:Monoclonal antibody Hb3: A marker for colon cancer progression or as a therapeutic target? 2
... knee and hip. MOST Options is an ... and hip that provides the surgeon maximum ... selection, connection choice and fixation to match ... the needs of patients with minimal to ...
... has been shown to produce the highest ... any fixed bearing component. This combination of ... under loading minimizes the risk of polyethylene ... universal symmetrical component design streamlines inventory requirements ...
The AGC dual articular knee is indicated for severe primary or revision cases and features a patented unique articulation which allows controlled rotation of the femoral component about a central piv...
The NexGen CR femoral component is intended for patients who, in the physician's judgement, have good bone stock and whose ligaments provide adequate mediolateral, anteroposterior, and varus/valgus s...
Medicine Products: