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Formedics Partners with Elsevier to Deliver Digital Innovation and Sales Solutions for Leading Global Societies
Formedics Partners with Elsevier to Deliver Digital Innovation and Sales Solutions for Leading Global Societies

Associated Press

time20-05-2025

  • Business
  • Associated Press

Formedics Partners with Elsevier to Deliver Digital Innovation and Sales Solutions for Leading Global Societies

BASKING RIDGE, N.J., May 20, 2025 /PRNewswire/ -- Formedics, a leading healthcare professional (HCP) collaboration platform, today announced a partnership with Elsevier, a global leader in advanced scientific information and decision support, to deliver world-class strategic and sales execution for more than 20 global medical societies. Formedics will enable advertising opportunities across these society partnerships, including implementing data-driven digital strategies to drive peer engagement and collaboration, precision targeting, customized content solutions, and innovative programs with Key Opinion Leaders and Digital Opinion Leaders. In addition, Formedics will lead media sales for the societies' peer-reviewed journals across 11 specialties and subspecialties, including print and digital advertising, sponsored content, and digital solutions. In addition to bringing focused expertise to support these medical societies, this collaboration will enable Elsevier to advance AI-enabled solutions that support the work of researchers and health care professionals. 'We are thrilled to be partnering with a global leader that shares our vision to revolutionize healthcare engagement,' said Greg Jackson, CEO of Formedics. 'Our expertise in developing platforms and content that facilitate HCP discussions and debate for peer learning and growth, will enable Elsevier to focus on the strategies and innovations that advance drug discovery and clinical research needed to continually enhance healthcare outcomes.' About Formedics, LLC Formedics is a platform where healthcare professionals connect, collaborate, and learn through peer-driven discussions with leading experts, opinion leaders, and specialized communities. The platform provides pharmaceutical and life sciences brands with powerful opportunities to engage and target physicians across digital, point-of-care, and live event channels. Founded in 2024, Formedics unites the strengths of Figure 1, Mashup Media, AMC Media Group, and Physician's Weekly to create a comprehensive ecosystem for HCP education. For more information, visit About Elsevier A global leader in advanced information and decision support, Elsevier helps to advance science and healthcare, to advance human progress. We do this by facilitating insights and critical decision-making with innovative solutions based on trusted, evidence-based content and advanced AI-enabled digital technologies. We have supported the work of our research and healthcare communities for more than 140 years. Our 9,500 employees around the world, including 2,300 technologists, are dedicated to supporting researchers, librarians, academic leaders, funders, governments, R&D-intensive companies, doctors, nurses, future healthcare professionals and educators in their critical work. Our 2,900 scientific journals and iconic reference books include the foremost titles in their fields, including Cell Press, The Lancet and Gray's Anatomy. Together with the Elsevier Foundation, we work in partnership with the communities we serve to advance inclusion and diversity in science, research, and healthcare in developing countries and around the world. Elsevier is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information on our work, digital solutions and content, visit View original content to download multimedia: SOURCE Formedics, LLC

Octopus Energy and Scottish Power in row over zonal pricing
Octopus Energy and Scottish Power in row over zonal pricing

The National

time14-05-2025

  • Business
  • The National

Octopus Energy and Scottish Power in row over zonal pricing

Greg Jackson has slated Keith Anderson, the chief executive of Scottish Power, who is urging ministers against the introduction of zonal pricing, which would split the UK into price regions based on local supply and demand. Octopus Energy has said repeatedly that such a system could mean Scots benefit from some of the lowest energy prices in Europe. But the UK Government has said it will not split the country's energy market into regions if it raises people's bills in some areas. A decision on the issue is expected to be made in the coming weeks. READ MORE: Scottish households will pay more for energy than London, data says Anderson is set to tell delegates at the All-Energy trade show in Glasgow and "it is important the government is careful not to snatch defeat from the jaws of victory", urging ministers not to "derail the stable policy framework that attracts that capital". Anderson will say: "Don't tamper with a system that works. Policy uncertainty on big market reforms such as zonal pricing does not help in this regard." Jackson (below) has said the argument from Scottish Power is "astonishing". (Image: Tony Blair Institute for Global Change) He posted on Twitter/X: "It's astonishing to see an energy boss saying this is a 'system that works'. It may work for incumbent energy generators but it doesn't work for households or businesses struggling with Europe's highest energy costs. "The case for reform is clear." Despite claims zonal pricing would turn the UK energy market into a postcode lottery, analysis showed last month households in Scotland will already be paying more for electricity in the next year than those living in London. READ MORE: John Swinney won't pick side as energy giants debate zonal pricing Consumers in north Wales and Merseyside will pay £120 more than households in London for their electricity over the coming year, Cornwall Insight forecasts, while those in the north of Scotland will pay £96 more than those in the capital. The large differentials stem from variation in the charges levied on bills to fund the upkeep of Britain's 14 regional electricity distribution networks, which are regulated by Ofgem. The headline figure for the energy price cap on standard tariffs, which stands at £1849 a year at present, is a national average that masks such regional differentials. Octopus Energy's director for regulation Rachel Fletcher told the Sunday National earlier this year the arguments being made against zonal are 'overblown', adding the single wholesale price setup in the UK is 'bonkers and broken'. At the moment, Britain has one national energy price even though at any point in the day the cost of producing electricity differs radically around the country. READ MORE: Scots could get free electricity from zonal pricing, Octopus Energy boss says If an offshore wind farm in Scotland produces more electricity than the network can handle it is paid to turn off, or "constrained", and a gas-fired power plant in the south of England is paid to turn on. The constraint costs – which are collected from consumers – are huge and in 2022/23 they amounted to £1.5 billion and are projected to rise to £3.7bn by 2030, something Octopus considers a 'staggering waste of electricity'. Fletcher said the system is only going to become more wasteful as time goes on, and while she believes a zonal pricing system needs to be designed 'carefully', she said it makes logical sense to make the transition. Fletcher insisted there is plenty of evidence internationally of zonal pricing markets being extremely successful in attracting renewable investment, so there is no reason to believe that can't be replicated in the UK. She said: 'The international evidence does not support the idea that zonal would be a disaster for renewable investment. "It is untenable to say that zonal is incompatible with investment in renewables.'

Get real: Postcode pricing won't reduce energy bills – and I should know
Get real: Postcode pricing won't reduce energy bills – and I should know

The Independent

time24-04-2025

  • Business
  • The Independent

Get real: Postcode pricing won't reduce energy bills – and I should know

When something sounds too good to be true, it usually is. In recent weeks, the CEO of Octopus Energy Greg Jackson has been in the media, claiming almost evangelically that he has the solution to the nation's high energy bills – zonal pricing. Now Ed Miliband has confirmed the government is looking at plans to implement this scheme. I hate to burst both their bubbles, but fragmenting our energy market into 12 different regions that will need to trade with each other to balance out the national system won't help us reduce our energy bills, which is what the country expects from this Labour government. It's a fantasy that would only bring complexity and delays. Jackson's assertion that "every region would be cheaper" under zonal pricing is unrealistic. Octopus's own report gives the lie to that, indicating that wholesale market prices – the most significant factor influencing energy bills – would rise in five of the 12 proposed zones. Over 40 million of us live in these five zones. Zonal pricing, the fragmentation of our national supply system, would thus create a postcode lottery for energy bills. Then there is the rather naive claim that businesses will relocate to places like the north of Scotland, where most of the renewable energy is, for a lower energy bill. This completely ignores the real-world issues businesses would face in such a relocation and the time it would take for these price signals to have that effect, if ever. We have already seen a warning from UK Steel that steel plants will be unable to relocate in this way. Who knew? Not the technocrats behind zonal pricing, it would seem, and one of the five zones highlighted for higher energy prices is South Wales, home to a significant part of our steel industry. Businesses unable or unwilling to relocate could find themselves paying higher energy bills as a result of this proposed fragmentation. It's not for nothing that a coalition of the unlikely has lined up against the idea. It comprises unions and business organisations and energy companies and investors: Unite, GMB, Make UK, Renewable UK, SSE, Scottish Power, Centrica and the Global Infrastructure Investor Association. When you drill deeper into the headline-grabbing numbers, the argument for zonal pricing starts to unravel. While Octopus claims that zonal pricing would provide benefits of £3.7 billion annually in bill reductions, this £30 per household per year is built upon the idea of a new trading charge to be levied between the 12 zones and the fantastical notion that this new money, paid by zone owners to other zone owners, would be given to consumers. Should that fail to happen then the £3.7 billion evaporates to be replaced by a near £1billion overall loss. Meanwhile a new government-funded report says that zonal pricing would add £3 billion to our energy bills by increasing the prices of something known as Contracts for Differences. That's a lot of uncertainty for a small prize, if anything. And then there's the issue of time and implementation costs — these are important matters Octopus neglected to mention in their report. There is moreover little chance that zonal pricing could be completed before 2030. In the interim, this would create significant uncertainty for investors and market participants which will jeopardise Labour's drive towards a net zero power grid by that date. For a government focused on securing economic growth, why would they want to pursue one of the most complicated reforms to our energy system that could be dreamt up, one that risks creating significant market instability for such measly and far from certain gains? Not only does zonal pricing not make economic sense, it makes no political sense. Research from Fairer Energy Future found that 70 per cent of people in Britain prefer national pricing, with 85 per cent believing zonal pricing is inherently unfair. This perception rises to 90 per cent among those over 65, a demographic already impacted by cuts to the Winter Fuel Payment. If the government is serious about lowering energy bills, something they must achieve before the next election, we have far more sensible, certain and effective options – chief among them 'breaking the link' between the price of gas and the price of all our electricity. Britain's energy market doesn't serve the interests of homes or businesses in this regard. We have an absurd situation that allows the price of gas, which is set by global markets, to set the price of electricity in Britain – even that generated from our wind and sun. If we 'break the link' that enriches generators at the cost of consumers and businesses, we can slash our energy bills, bringing them down for everyone, rather than create winners and losers. This is an opportunity to end our dependancy on global fossil prices, to get ourselves off the energy price rollercoaster and achieve true energy independence – not just by making our own energy here but by pricing it here too. This is the only way we can protect ourselves from future global energy crises and it's as vital as increased defence spending, this is economic defence. I urge Ed Miliband and the government to focus on lowering the bills for all with proper market reforms of the simple and feasible type. Dale Vince OBE is the founder of Ecotricity

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