FTC Archives - MedCity News https://medcitynews.com/tag/ftc/ Healthcare technology news, life science current events Tue, 19 Sep 2023 21:53:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png FTC Archives - MedCity News https://medcitynews.com/tag/ftc/ 32 32 40682243 How the FTC Is Tackling ‘Below the Radar’ Healthcare Deals https://medcitynews.com/2023/09/how-the-ftc-is-tackling-below-the-radar-healthcare-deals/ https://medcitynews.com/2023/09/how-the-ftc-is-tackling-below-the-radar-healthcare-deals/#respond Tue, 19 Sep 2023 17:06:23 +0000 https://medcitynews.com/?p=649113

The Federal Trade Commission only gets notified when a merger/acquisition deal value is above $100-$110 million, so smaller deals nonetheless lead to a slow consolidation of the market. In conference remarks, FTC Chair Lina Khan outlined the ways in which the agency is trying to counter this phenomenon.

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GoodRx Illegally Sold Users’ Data to Google & Facebook, FTC Says https://medcitynews.com/2023/02/goodrx-illegally-sold-users-data-to-google-facebook-ftc-says/ https://medcitynews.com/2023/02/goodrx-illegally-sold-users-data-to-google-facebook-ftc-says/#respond Wed, 01 Feb 2023 21:58:31 +0000 https://medcitynews.com/?p=622648 smartphone, data,

GoodRx failed to notify users that it sold their personal health information to Google, Facebook and other tech companies, the FTC claimed. The agency filed an order that prohibits GoodRx from sharing its users’ data with third parties for advertising purposes and requires the company to pay a $1.5 million penalty. GoodRx agreed to pay the settlement but did not admit to wrongdoing.

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FTC blocks merger of two NJ hospitals less than a mile apart https://medcitynews.com/2022/06/ftc-blocks-merger-of-two-nj-hospitals-less-than-a-mile-apart/ https://medcitynews.com/2022/06/ftc-blocks-merger-of-two-nj-hospitals-less-than-a-mile-apart/#respond Wed, 15 Jun 2022 00:09:06 +0000 https://medcitynews.com/?p=591503 Federal Trade Commission, FTC

This is the third complaint the FTC filed against proposed hospital mergers so far this year.

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With the FTC’s conditional approval, Medtronic completes its $1.1B acquisition of Intersect ENT https://medcitynews.com/2022/05/with-ftcs-conditional-approval-medtronic-completes-its-1-1b-acquisition-of-intersect-ent/ https://medcitynews.com/2022/05/with-ftcs-conditional-approval-medtronic-completes-its-1-1b-acquisition-of-intersect-ent/#respond Fri, 13 May 2022 17:16:52 +0000 https://medcitynews.com/?p=587330

To get approval for the deal, Medtronic agreed to sell an Intersect subsidiary to soothe the FTC’s concerns.

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Health apps could face big fines if they don’t disclose privacy breaches  https://medcitynews.com/2021/09/health-apps-could-face-big-fines-if-they-dont-disclose-privacy-breaches/ https://medcitynews.com/2021/09/health-apps-could-face-big-fines-if-they-dont-disclose-privacy-breaches/#respond Mon, 20 Sep 2021 23:03:52 +0000 https://medcitynews.com/?p=550349

The agency reminded health apps and wearables companies that they must disclose any breach of users’ health information, even if they are not a HIPAA covered entity. Companies that fail to disclose a breach could face thousands of dollars per day in fines.

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Hackensack Meridian Health, Englewood Health appeal court decision to block merger   https://medcitynews.com/2021/08/hackensack-meridian-health-englewood-health-appeal-court-decision-to-block-merger/ https://medcitynews.com/2021/08/hackensack-meridian-health-englewood-health-appeal-court-decision-to-block-merger/#respond Mon, 30 Aug 2021 18:50:26 +0000 https://medcitynews.com/?p=547184

The FTC sued to block the merger between the two New Jersey-based health systems and won a preliminary injunction earlier this month. But the providers believe that the merger would not raise prices or stifle competition — like the FTC alleges it would — and have filed an appeal.

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Einstein Healthcare Network, Jefferson Health to merge after FTC drops challenge https://medcitynews.com/2021/03/einstein-healthcare-network-jefferson-health-to-merge-after-ftc-drops-challenge/ https://medcitynews.com/2021/03/einstein-healthcare-network-jefferson-health-to-merge-after-ftc-drops-challenge/#respond Tue, 02 Mar 2021 00:01:10 +0000 https://medcitynews.com/?p=517310

The Federal Trade Commission is no longer opposing the proposed merger between Einstein Healthcare Network and Jefferson Health. Nearly three years after it was first announced, the deal can now move forward uncontested and will result in an 18-hospital system.

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Why hospitals want CMS, FTC to examine two UnitedHealthcare policies https://medcitynews.com/2021/02/why-hospitals-want-cms-ftc-to-examine-two-unitedhealthcare-policies/ https://medcitynews.com/2021/02/why-hospitals-want-cms-ftc-to-examine-two-unitedhealthcare-policies/#respond Tue, 09 Feb 2021 00:35:16 +0000 https://medcitynews.com/?p=513992

Two UnitedHealthcare policies have raised several concerns among providers, including that they may display anti-competitive behavior and could block patient access to certain healthcare services. The American Hospital Association is asking the FTC and CMS to review and potentially block these policies.

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Period-tracking app settles FTC charges that it misled users about privacy https://medcitynews.com/2021/01/period-tracking-app-settles-ftc-charges-that-it-misled-users-about-privacy/ https://medcitynews.com/2021/01/period-tracking-app-settles-ftc-charges-that-it-misled-users-about-privacy/#respond Thu, 14 Jan 2021 00:57:40 +0000 https://medcitynews.com/?p=510722

Flo, a popular period-tracking app, reached a settlement with the FTC over allegations that it misled users about how their health information would be shared. As part of the settlement, the startup is required to conduct an independent review of its privacy practices.

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 Zoom reaches settlement over encryption claims https://medcitynews.com/2020/11/zoom-reaches-settlement-over-encryption-claims/ https://medcitynews.com/2020/11/zoom-reaches-settlement-over-encryption-claims/#respond Wed, 11 Nov 2020 23:00:16 +0000 https://medcitynews.com/?p=503834 cybersecurity, lock, computer, tech, technology, cyber, hacker, hack

Video conferencing company Zoom reached a settlement with the Federal Trade Commission over claims that the company used end-to-end encryption in its video calls, when it reportedly used a lower level of security.

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FDA, FTC look to crack down on tactics that they say thwart biosimilars https://medcitynews.com/2020/02/fda-ftc-look-to-crack-down-on-tactics-that-they-say-thwart-biosimilars/ https://medcitynews.com/2020/02/fda-ftc-look-to-crack-down-on-tactics-that-they-say-thwart-biosimilars/#respond Tue, 04 Feb 2020 18:48:48 +0000 https://medcitynews.com/?p=478946

In a joint statement, FDA Commissioner Stephen Hahn and FTC Chairman Joseph Simons said they would look into anticompetitive practices like preventing biosimilar makers from obtaining product samples and misleading communications about biosimilars’ safety and efficacy.

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Roche completes acquisition of Spark Therapeutics as regulators give go-ahead https://medcitynews.com/2019/12/roche-completes-acquisition-of-spark-as-regulators-give-go-ahead-after-10-month-investigation/ https://medcitynews.com/2019/12/roche-completes-acquisition-of-spark-as-regulators-give-go-ahead-after-10-month-investigation/#respond Tue, 17 Dec 2019 17:46:34 +0000 https://medcitynews.com/?p=474971

The Federal Trade Commission and its U.K. counterpart concluded that Roche would not likely have an incentive to delay or discontinue development of Spark’s hemophilia A gene therapy. Roche markets a monoclonal antibody for the same disease.

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Celgene to sell psoriasis drug to Amgen for $13.4B, clearing key hurdle to BMS deal https://medcitynews.com/2019/08/celgene-to-sell-psoriasis-drug-to-amgen-for-13-4b-clearing-key-hurdle-to-bms-deal/ https://medcitynews.com/2019/08/celgene-to-sell-psoriasis-drug-to-amgen-for-13-4b-clearing-key-hurdle-to-bms-deal/#respond Mon, 26 Aug 2019 14:19:22 +0000 https://medcitynews.com/?p=467435

Bristol-Myers Squibb said Celgene would sell the drug, Otezla (apremilast), to Amgen. The pharmaceutical company had said it would seek a divestment of the drug to satisfy competition concerns from the FTC.

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Surescripts fires back at Amazon by kicking vendor ReMy Health off its network https://medcitynews.com/2019/07/surescripts-fires-back-at-amazon-by-kicking-vendor-remy-health-off-its-network/ https://medcitynews.com/2019/07/surescripts-fires-back-at-amazon-by-kicking-vendor-remy-health-off-its-network/#respond Tue, 30 Jul 2019 21:13:47 +0000 https://medcitynews.com/?p=465494 Full shopping cart with pills on background of dollar bills. Close up. Space for text.

Surescripts says that instead of using its own National Provider Identification (NPI) number, Pillpack fraudulently used NPIs that was associated with random healthcare providers.

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Amazon may file suit against Surescripts for access to patient data https://medcitynews.com/2019/07/amazon-may-file-suit-against-surescripts-for-access-to-patient-data/ https://medcitynews.com/2019/07/amazon-may-file-suit-against-surescripts-for-access-to-patient-data/#respond Fri, 19 Jul 2019 17:59:09 +0000 https://medcitynews.com/?p=464780

CNBC cited unnamed sources who state that PillPack will be blocked from accessing data about a patient’s list of medications and prescription history, which it uses to accurately and safely send out medications to customers.

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UnitedHealth’s $4.3B DaVita Medical acquisition wins conditional FTC approval https://medcitynews.com/2019/06/unitedhealths-4-3b-davita-medical-acquisition-wins-conditional-ftc-approval/ https://medcitynews.com/2019/06/unitedhealths-4-3b-davita-medical-acquisition-wins-conditional-ftc-approval/#respond Wed, 19 Jun 2019 22:39:24 +0000 https://medcitynews.com/?p=462566 Vector illustration of Approved green ink stamp

The effort by the nation’s largest insurer to become the nation’s largest employer of clinicians received FTC approval with an agreement to divest some of the company’s holdings in the Las Vegas area to address antitrust issues. 

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Playing doctor: The evolution of videogames in healthcare https://medcitynews.com/2019/05/from-joke-hour-to-digital-therapeutics-an-evolution-of-gaming-in-healthcare/ https://medcitynews.com/2019/05/from-joke-hour-to-digital-therapeutics-an-evolution-of-gaming-in-healthcare/#respond Sun, 19 May 2019 16:03:20 +0000 https://medcitynews.com/?p=459194

As videogames have become mainstream and emerged from the dimly-lit arcade rooms of years past, gaming technology has found increasing application in medical training, pain management, rehab, and digital therapeutics.

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Florida-based Simple Health Plans shut down for selling “sham insurance” https://medcitynews.com/2018/11/florida-based-simple-health-plans-shut-down-for-selling-sham-insurance/ https://medcitynews.com/2018/11/florida-based-simple-health-plans-shut-down-for-selling-sham-insurance/#respond Mon, 05 Nov 2018 18:06:20 +0000 https://medcitynews.com/?p=447291

According to the FTC, Simple Health Plans and its subsidiaries collected more than $100 million through deceptive marketing and sales practices that left many people stuck with thousands in unpaid medical costs. 

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Trump’s view on drug costs: Talk vs. the truth https://medcitynews.com/2018/04/drug-costs-talk-vs-the-truth/ https://medcitynews.com/2018/04/drug-costs-talk-vs-the-truth/#respond Sun, 29 Apr 2018 23:00:51 +0000 https://medcitynews.com/?p=441351

President Donald Trump has railed against the high price of prescription drugs, yet many Americans aren’t seeing a change in what they pay out-of-pocket. Here’s a look at the rhetoric thus far versus the results.

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Goal setting digital health business Pact reaches $1.5M settlement with FTC https://medcitynews.com/2017/09/goal-setting-digital-health-business-pact-reaches-1-5m-settlement-ftc-misleading-consumers/ https://medcitynews.com/2017/09/goal-setting-digital-health-business-pact-reaches-1-5m-settlement-ftc-misleading-consumers/#respond Sat, 23 Sep 2017 11:59:16 +0000 https://medcitynews.com/?p=433784 a colorful wooden toy train on wooden tracks while having a accident, in light back

Consumers who used the Pact app made “pacts” to exercise a certain number of times per week or meet dietary goals, and agreed to be automatically charged an amount, ranging from $5 to $50 per missed activity if they did not complete their pacts.

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FTC’s settlement with blood pressure app developer echoes frustration with misleading claims https://medcitynews.com/2016/12/ftc-settlement-with-aura-labs/ https://medcitynews.com/2016/12/ftc-settlement-with-aura-labs/#comments Wed, 14 Dec 2016 03:36:35 +0000 https://medcitynews.com/?p=391973

The agreement bars Aura Labs and founder Ryan Archdeacon from claiming that the Instant Blood Pressure app is as accurate as a traditional blood pressure cuff.

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What you need to know about FTC guidance for collecting consumer health data https://medcitynews.com/2016/10/ftc-guidance-on-collecting-consumer-health-data/ https://medcitynews.com/2016/10/ftc-guidance-on-collecting-consumer-health-data/#comments Tue, 25 Oct 2016 15:29:33 +0000 https://medcitynews.com/?p=387545 The Federal Trade Commission has issued new guidance to businesses that collect and share consumer health information.

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Pfizer-Allergan ruling sets a dangerous precedent https://medcitynews.com/2016/04/pfizer-allergan-precedent/ https://medcitynews.com/2016/04/pfizer-allergan-precedent/#comments Mon, 18 Apr 2016 10:30:23 +0000 https://medcitynews.com/?p=372605 Fundamentally, my biggest concern with the new rules regards the importance of predictability in business. Strategic planning, essential to running sustainable enterprises, requires the predictability of transparent and forward-looking laws, along with proper due process and accountability.

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Choose your own regulatory adventure: Interactive rule guide targets digital health developers https://medcitynews.com/2016/04/ftc-fda-interactive-guide-for-digital-health-developers/ https://medcitynews.com/2016/04/ftc-fda-interactive-guide-for-digital-health-developers/#respond Wed, 06 Apr 2016 03:27:16 +0000 https://medcitynews.com/?p=371436 The guide, in collaboration with U.S. Food and Drug Administration, Office of National Coordinator and Office of Civil Rights, is a departure from typically dry, convoluted government documents.

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Why Shkreli won’t talk drug prices at Congressional hearing: Turing investigated by FTC for antitrust violations https://medcitynews.com/2016/01/turing-ftc-antitrust/ https://medcitynews.com/2016/01/turing-ftc-antitrust/#respond Fri, 22 Jan 2016 20:02:26 +0000 https://medcitynews.com/?p=363722 Martin Shkreli won’t talk drug prices at his forthcoming Congressional hearing, because Turing Pharmaceuticals is under an FTC antitrust probe.

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Healthcare’s application of the Internet of Things is directly in the FTC’s crosshairs https://medcitynews.com/2015/01/ftc-heads-data-privacy-warning-connected-devices-offers-critical-reminder-consumer-health-space/ https://medcitynews.com/2015/01/ftc-heads-data-privacy-warning-connected-devices-offers-critical-reminder-consumer-health-space/#respond Wed, 07 Jan 2015 20:33:32 +0000 https://medcitynews.com/?p=323300 Federal Trade Commission head Edith Ramirez singled out companies with devices that store personal health […]

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