Allscripts, Lyft partner on health care transportation

Allscripts Healthcare Solutions Inc. and privately-held Lyft announced a partnership to allow doctors to order Lyft rides for patients. The collaboration is intended for non-emergency transportation, the companies said, and they plan to integrate it into the patient’s electronic health record, which stores patient information electronically, so a doctor could note a patient’s transportation needs and then “an automated workflow” would set up a Lyft. Patient pickup, expected arrival and arrival would also be noted for doctors and other medical personnel. This would also allow transportation for follow-up care to be scheduled, the companies said. Allscripts is one of the top five electronic health record vendors in the U.S., according to the publication Healthcare IT News. Transportation is a notoriously difficult issue in health care, and typically cited as a reason why patients miss doctor’s appointments. The companies did not say in their release who would pay for the Lyft rides, and did not immediately return MarketWatch’s request for comment. The Monday announcement follows a program called Uber Health launched by rival transportation company Uber last week, which also allows health providers to schedule rides for patients; many hospitals are paying for the rides themselves, since it’s cheaper than missed appointments, the Atlantic reported last week. Allscripts shares were not active in premarket trade. Shares have risen 1.4% over the last three months, compared with a 2.4% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Dermira shares plummet 70% on news of acne drug failure

Dermira Inc. shares plummeted 70% in premarket trade Monday after the company’s acne drug failed to meet the co-primary endpoints of two phase 3 clinical trials. The company expects to discontinue development of the therapy, olumacostat glasaretil, which was intended for moderate-to-severe acne vulgaris, also known as simply acne. Company shares have risen 3.9% over the last three months to $25.16, compared with a 2.4% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Dermira shares halted on news of acne drug failure

Dermira Inc. shares were halted in premarket trade Monday on news that the company’s acne drug failed to meet the co-primary endpoints of two phase 3 clinical trials. The company expects to discontinue development of the therapy, olumacostat glasaretil, which was intended for moderate-to-severe acne vulgaris, also known as simply acne. Dermira shares dropped 4.7% in premarket trade prior to the halt. Shares have risen 3.9% over the last three months to $25.16, compared with a 2.4% rise in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Qualcomm’s stock slips after shareholder vote on Broadcom’s bid delayed by CFIUS investigation

Shares of Qualcomm Inc. fell 1.8% in premarket trading Monday, after the semiconductor maker’s annual meeting to vote on Broadcom Ltd.’s hostile buyout bid was delayed while the Committee on Foreign Investment in the United States (CFIUS) investigates the deal. Broadcom said it was informed Sunday night that Qualcomm had “secretly” filed on Jan. 29 a voluntary request to initiate an investigation, without informing Broadcom of the request. “This was a blatant, desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting on Broadcom’s independent director nominees,” Broadcom said in a statement. Broadcom is based in Singapore, but it has committed to redomicile to the U.S., and said its board of directors and senior management are “almost entirely Americans.” Broadcom’s stock slipped 0.2% in premarket trade. Over the past three months, Qualcomm shares have inched up 0.1%, Broadcom’s stock has lost 4.1% and the S&P 500 has tacked on 2.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

TreeHouse Foods names former Smucker Co. exec Steve Oakland CEO, effective March 26

TreeHouse Foods Inc. said Monday it has named Steven Oakland as chief executive officer and president, effective March 26. Oakland, most recently vice chair and president, U.S. food and beverage at The J.M. Smucker Company , is replacing Sam Reed, who will serve as non-executive chairman of the board through July 1 before retiring. TreeHouse makes packaged foods and beverages at manufacturing facilities in the U.S., Canada and Italy, focusing on private label products for retail grocery and food away from home customers. TreeHouse shares were not yet active premarket, but have fallen 54% in the last 12 months, while the S&P 500 has gained 13%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Clearside Biomedical shares surge 53% premarket on news of positive trial of eye disease treatment

Clearside Biomedical Inc. shares surged 53% in premarket trade Monday, after the company announced positive results in a late-stage trial of a treatment for macular edema associated with non-infectious uveitis, a swelling that affects the back of the eye. The company said the trial of its suprachoroidal CLS-TA involving 160 patients met its primary and secondary endpoints. “We currently expect to submit a new drug application for suprachoroidal CLS-TA in patients with macular edema associated with uveitis to the FDA in the fourth quarter of 2018, and we are also evaluating a number of options for submissions to regulatory agencies in additional territories outside of the United States,” Chief Executive Daniel White said in a statement. Shares are down about 8% in the last 12 months through Friday, while the S&P 500 has gained 13%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

France’s right-wing National Front party to change name: report

National Front, the French far-right political party led by Marine Le Pen, will change its name and refocus on immigration in an effort to attract more support from voters, according to a Reuters report Monday. Le Pen, who lost last year’s French presidential election to Emmanuel Macron, is expected to unveil the new name when the party meets on March 10-11. The party is also set to move away from its stance against the euro, the European Union’s common currency, as that’s been a turnoff for voters, the report said. “We’re keeping our fundamentals, our basis: security, immigration,” National Front lawmaker and party spokesman Sebastien Chenu told Reuters. The report arrived after euroskeptic, populist parties in Italy performed better than anticipated in Sunday’s general election.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

U.S. stock futures weighed by Italy election, trade worries

U.S. stock futures pointed to a weaker open on Monday, as investors appeared unsettled by signs of further political instability in Italy after elections and on lingering trade-war fears. Dow futures stumbled 113 points, or 0.5%, to 24,423, while S&P 500 futures dropped 16.2 points, or 0.6%, to 2,674.25. Nasdaq 100 futures slid 37.25 points, or 0.6%, to 6,768. Major indexes posted hefty weekly losses, with the Dow industrials tumbling 391 points at one stage on Friday before paring that loss to 70.92 points. That weakness came after President Donald Trump, in a surprise move, on Thursday announced tariffs on steel and aluminum imports, ramping up rhetoric around a potential trade war. Meanwhile, investors were looking at results of Sunday’s Italian elections, with no clear winner emerging thus far. That could mean a prolonged period of political uncertainty in one of the eurozone’s biggest economies. The euro was weaker against major rivals. Asian markets were mostly lower, led by a 1.4% drop for Hong Kong’s Hang Seng Index . Gold prices rose modestly, while oil prices were largely flat.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Mueller probe subpoenas documents from Trump, top campaign aides: report

Special counsel Robert Mueller’s investigation has subpoenaed a mountain of documents concerning President Donald Trump and his top campaign advisers, NBC News reported Sunday night. According to a copy of the subpoena reviewed by NBC, Mueller is seeking emails, text messages, work papers, telephone logs and more, going back to Nov. 1, 2015. Investigators are reportedly seeking documents of anything having to do with Trump and current and former aides including Steve Bannon, Michael Cohen, Rick Gates, Hope Hicks, Paul Manafort, Corey Lewandowski, Carter Page, Keith Schiller and Roger Stone. Last week, NBC News reported Mueller was asking witnesses if Trump directed hacked Democratic emails to be released.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

IPG Photonics to replace Scripps on S&P 500

IPG Photonics Corp. will join the S&P 500 index replacing shares of Scripps Networks Interactive Inc. , according to S&P Dow Jones Indices late Friday. IPG, which makes lasers and laser equipment used in the materials industry, will replace Scripps before the market opens on March 7, S&P said. Scripps is being acquired by Discovery Communications Inc. . Shares of IPG were down 0.1% after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News