The stock price of point-of-care drug and disease reference vendor Epocrates Inc. fell more than 7 percent in morning trading on Feb. 29 after the company announced mixed financial results and the intent to sell its newly developed electronic health record system.
The San Mateo, Calif.-based company acknowledged that building the EHR has hindered its ability to pursue other ways to expand its portfolio. “As a result, we are exploring strategic alternatives for our EHR offering,” according to a statement. The company noted it needed to focus more “on the natural extension of our core business.”
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