Pfizer to Form Tech Venture

In: Uncategorized

29 Mar 2001

Pfizer to Form Tech Venture With Microsoft, IBM (enjoy free WSJ thru work.com while it lasts)
"Drug maker Pfizer Inc., moving onto the turf of health-technology companies such as WebMD Corp., is expected to announce today that it will form a joint venture with partners Microsoft Corp. and International Business Machines Corp. to sell software and services to doctors.
The new company doesn’t yet have a name or a chief executive, and the companies declined to specify how much money the participants are contributing. But in its stated goals, the venture echoes what companies such as WebMD have been trying to accomplish, with frustratingly slow results. That includes eliminating the costly administrative paperwork that ties up much of doctors’ time and automating clinical functions, such as prescribing."
If this works, it’s interesting for many reasons. IBM and Microsoft working together on a large scale is an acknowledgment to realism. A year ago all the big marketplaces projects seemed to go to Oracle. Now Microsoft gets this bid, and another one with the British government. Who’s developing the custom software in these deals? Microsoft is supposed to do only shrink wrap stuff. Is MCS (Microsoft Consulting Services) taking delivery responsibility and subcontracting to custom development shops?

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I'm CEO of an online trade publishing firm in the marketing and defense verticals. We try to make news and data digestible and useful in an environment that is more noisy each day. This personal blog mixes my thoughts and interests on politics, business, software, and more, based on my business and personal experiences. Over the years I have posted items that turned out spectacularly wrong, and a few posts that stood the test of times better. Personal views only.

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