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Amber Pharmacy adopts Armada's prior authorization system
FLORHAM PARK, N.J. — Specialty pharmacy company Amber Pharmacy has implemented a prior authorization system provided by Armada Health Care, Amber said.
Amber announced that it had incorporated Armada's Web-based ApproveRx system into its daily pharmacy operations, saying that it would help simplify the prior authorization process for prescribers and pharmacies. Prior authorizations have traditionally required extra staffing time and resources to locate the correct form from thousands of different insurance forms varying by drug, payer and plan.
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Regulatory waiting period for Bristol's Inhibitex acquisition expires
NEW YORK — The regulatory waiting period standing between Bristol-Myers Squibb and its acquisition of drug maker Inhibitex has expired, giving Bristol the green light to buy the company.
Bristol said Friday that the expiration of the waiting period, mandated by the Hart-Scott-Rodino Antitrust Improvement Act of 1976, would allow it to acquire Inhibitex for $26 per share.