CORAL GABLES, FL / ACCESSWIRE / November 5, 2018 / It's no secret that technology has facilitated access and directly helped meet consumer needs in a multitude of industries. Healthcare has become the latest market to take full advantage of this trend. With the advent of technology in healthcare, innovation has begun to disrupt the healthcare market in a significant way. According to a paper by PwC called The Digital Healthcare Leap, the new trends are ripe for digital healthcare solutions in developed and emerging markets. As a result, the industry has expanded its focus to non-critical health care services to cater to this changing demand of present-day consumers.
Whether young or old, today's population is looking to adopt new technology, which the consumer is demonstrating strong support for new-age quality healthcare services and taking advantage of the technological developments that play a major role in providing these. Premier Health Group, Inc. (OTC:PHGRF) (CSE:PHGI), AcelRX Pharmaceuticals (ACRX) and Teva Pharmaceutical Industries (TEVA).
Premier Health Group, Inc. (OTC:PHGRF) (CSE
Premier Health Group, Inc. (OTC:PHGRF) (CSE:PHGI) entered the primary care clinic and healthcare technology business via the HealthVue transaction and obtained access to a group of four Greater Vancouver-based fully integrated, paperless and electronic-medical-record-based medical clinics with a 10-year history, 22 healthcare professionals and over 100,000 active patients.
AcelRX Pharmaceuticals (ACRX) is a specialty pharmaceutical company focused on innovative therapies for use in medically supervised settings. Last week AcelRX provided a business update and reported its third quarter 2018 financial results. This included updates on both its FDA approval of DSUVIA™ as well as the company's financial results for the quarter.
For the third quarter of 2018 net loss was $12.5 million, or $0.21 per basic and diluted share, compared to $13.0 million, or $0.28 per basic and diluted share, for the third quarter of 2017. Net loss for the first nine months of 2018 was $34.6 million, or $0.64 basic and diluted net loss per share, compared to $41.6 million, or $0.91 basic and diluted net loss per share, for the prior year period.
"The FDA's previously announced approval of DSUVIA is a notable achievement for all AcelRx stakeholders, which we anticipate will lead to improved care for patients in acute pain," said Vince Angotti, Chief Executive Officer of AcelRx. "Our third-quarter results demonstrate sustained discipline in our financial management, which we expect to continue as we plan for the commercial launch of DSUVIA, targeted for the first quarter of next year," continued Angotti.
Teva Pharmaceutical Industries (TEVA) raised its earnings outlook for 2018 last week and said it was seeing "very good signs of a successful launch" for its long-awaited migraine treatment Ajovy. Ajovy suffered a setback in October when Express Scripts Holding Co, one of the largest U.S. prescription benefits managers, said it will cover new migraine drugs from Eli Lilly and Amgen Inc, but exclude Teva's treatment.
"Our restructuring plan has already resulted in a significant cost reduction of $1.8 billion in the first nine months of the year and we are on track to achieve a reduction of $3.0 billion by the end of 2019 while continuing to pay down our debt," Teva Chief Executive Kare Schultz said. (Reporting by Tova Cohen Editing by Steven Scheer).
Shares were up sharply during the opening moments of the market on Monday morning as Teva stock hit highs of $23.34.
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