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$2.45M

Pfizer and other pharmaceutical companies paid up to $2.45 million for a contract with an unnamed telehealth company, according to a report released by a group of senators probing those dealings.

The report offers a unique look inside the relationships between drugmakers and direct-to-consumer telehealth platforms. The lawmakers that produced the report, led by Sen. Dick Durbin, said that a drugmaker connecting a patient with a doctor for the purpose of prescribing them a name-brand drug could lead to overprescribing as well as higher prices for patients.

The investigation did find that patients seen by telehealth platforms that partner with Eli Lilly and Pfizer were significantly more likely to be prescribed those drugmaker’s treatments. Drugmakers pay the telehealth platforms for three-year contracts at a set price; the agreements sometimes provide the drugmaker access to patient and doctor information.

Eli Lilly’s three contract payments to its telehealth partners total $942,500, and the company also gave kickbacks to doctors working at its telehealth partners Form Health and 9amHealth, the report found.

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Rivian just had its best day ever on the stock market, after more than 4 years of pain

The EV-maker’s software division helped power a strong Q4, as industry giants pump the brakes on their electric ambitions.

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Warner Bros. board members reportedly consider reopening deal talks with Paramount

Paramount’s latest amended bid for Warner Bros. Discovery has finally given the board members of the entertainment conglomerate something to seriously think about, as Bloomberg reports that WBD is now considering reopening negotiations with Paramount, despite striking an ~$83 billion binding deal with Netflix in early December.

Last Tuesday, Paramount announced that it had enhanced its all-cash $30-per-share bid for Warner Bros. Discovery, adding an offer to cover the $2.8 billion breakup fee the company would incur with Netflix, as well as a $0.25-per-share “ticking fee” for every quarter the deal hasn’t closed after the end of 2026. Despite Paramount (again) not boosting the bid’s headline cash offer, these latest terms, as well as an offer to backstop a Warner Bros. debt refinancing, have apparently proven enough to give at least some board members pause for thought.

Indeed, top brass at the HBO owner are mulling the possibility that Paramount’s boosted offer could lead to a better deal down the line, Bloomberg reported, citing people familiar with the board’s latest thinking. Still, whether that means the WBD board is hoping for a better bid from Paramount themselves — or the streamer they’ve currently got a binding deal with — is another matter entirely.

Strive Pharmacy recently broke ground on a new facility in Mesa, Arizona. (Strive Pharmacy)

Before Hims’ GLP-1 pill fallout, its pharmacy partner was already drawing scrutiny from state regulators

Strive has already been probed over the timing of its GLP-1 compounding. Now, Arizona regulators are looking into complaints about ketamine misuse and improper distribution of prescription drugs.

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