Company news: Healthrageous, J&J

Share this article:
Four venture capital firms have put together $6.5 million in funding for tech firm Healthrageous, Mobihealth News reported, bringing the total amount raised to $15 million. The company offers personalized mobile and web-based tools that can help patients manage chronic conditions, and designs incentive systems based on user preferences. Mobihealth reported that the latest cash will be used to enhance user interfaces, analytics and its learning platform.

The Asbury Park Press
reports that yesterday's earnings call wasn't all about the numbers for Johnson & Johnson, and that the drug maker was once again asked if it would consider breaking the mega-corporation into independent businesses. The question was from Goldman Sachs' analyst Jami Rubin, reported the Asbury Park Press – the same analyst who wrote a 23-page note in May about just why the pharma giant should think small. CFO Dominic Caruso's response to Tuesday's query was the same response the company gave months ago: no way. “I could tell you we're not considering that now, and we feel very good about having a broad-based business in healthcare,” he said. The drug maker's third quarter showed at 7% lift in sales, compared to the same period last year, with the pharma business being major contributors to the topline results. Break-up proponent Rubin has argued that divvying up the company into independent businesses would free each unit to pursue its individual needs and priorities, instead of being limited by the needs of sister divisions.
Share this article:
You must be a registered member of MMM to post a comment.

Email Newsletters

MM&M Future Leaders


Register now

Early bird $1,950 before 31 October 2014

*Group discounts available on request 

MM&M EBOOK: PATIENT ACCESS

Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Business Briefs

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.

Study says statins not enough for diabetic hearts

Researchers using an experimental test have discovered that the 50% of surveyed diabetics may also have undetected heart muscle damage.