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Los Angelas, CA -- (SBWIRE) -- 01/11/2013 -- DaVita HealthCare Partners Inc. (NYSE:DVA) and a leading provider of kidney care services, today announced an agreement to provide certain pharmacy services to Fresenius Medical Care (FMC).FMC, a leading provider of dialysis services and maker of dialysis products, will use DaVita Rx® prescription drug services for its Medicare patients in the United States. Congress required that beginning in 2011, some oral medications will be included in the bundled payment model. By 2016 all oral end stage renal disease medications will be included in the bundled payment. FMC’s contract with DaVita Rx will help implement that requirement by using DaVita Rx’s state-of–the-art pharmacy to fill and ship oral medications to FMC Medicare patients. DaVita Rx service for FMC will begin in late 2013.
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Opko Health (NYSE:OPK) signed a deal to acquire Canadian drug company Cytochroma, which has two products in Phase 3 clinical trials, for $100 million. The Miami-based pharmaceutical and biotechnology company (NYSE: OPK) would issue shares of its stock as compensation for the deal, its second acquisition in the past two months after buying a pharmaceutical company in Brazil in December. Both of Cytochroma’s products involve patients with kidney problems. Replidea is a vitamin D prohormone to treat secondary hyperparathyroidism (SHPT) in patients with stage 3 or 4 chronic kidney disease in addition to vitamin D insufficiency. More than eight million patients have stage 3 or 4 chronic kidney disease, according to the National Kidney Foundation. About 70 to 90 percent of such patients have vitamin D insufficiency and 40 to 60 percent of them have SHPT.
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First Solar, Inc. (NASDAQ:FSLR) today announced the appointment of Tim Rebhorn as Senior Vice President, Project Development. He reports to First Solar CEO Jim Hughes and will be responsible for the company's global project development strategy and execution. "Tim will play a crucial role in implementing First Solar's strategy to provide fully integrated photovoltaic power solutions in sustainable markets around the world," said Jim Hughes . "He brings proven strengths in business development, mergers and acquisitions, integration, value creation and strategy implementation."
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Akamai Technologies (NASDAQ:AKAM) also says volumes about AT&T. This partnership will give AT&T a good gateway into the lucrative Content Data Network (CDN) segment. Unlike the Internet, which is typical of congestion, CDN services avert congestion, making them very popular among enterprises. This partnership, which is primarily focused on online businesses within North America, brightens prospects for AT&T. For starters, AT&T has a strong footprint in the North American market and as such, the partnership is likely to attract a lot of customers; especially considering that Akamai will deploy CDN servers at the edge of AT&T’s IP network. Secondly and arguably most importantly, online business is set to grow at a rate bordering on what could be described as exponential.
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