DOJ charges 25 in fake nursing degree plot

Today's Big News

Jan 27, 2023

Goldfinch Bio falls from the sky after failing to find a path forward for kidney treatments


Merck’s Keytruda reaches coveted postsurgery lung cancer use with broader FDA nod than Tecentriq


DOJ charges 25 in alleged scheme that sold thousands of fake degrees to aspiring nurses


As ResMed tops $1B revenues in Q2, CEO says Philips’ return to the CPAP market is ‘not a big perturbation’ to long-term strategy


UK biotech IPOs fell to lowest level for a decade in 2022, but VC funds may offer salvation: report


BMS settles lawsuit with two fired employees who refused COVID vaccines

 

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Goldfinch Bio falls from the sky after failing to find a path forward for kidney treatments

Goldfinch Bio, a 2020 Fierce Biotech Fierce 15 winner, is closing its doors after seven years. Federal records show that both of the company's ongoing clinical trials have wrapped up.
 

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Merck’s Keytruda reaches coveted postsurgery lung cancer use with broader FDA nod than Tecentriq

Merck & Co.’s Keytruda won the FDA’s permission to enter early-stage disease with an approval that trumps Roche’s Tecentriq. But there are two small caveats.

DOJ charges 25 in alleged scheme that sold thousands of fake degrees to aspiring nurses

The scheme allowed those who paid up to $15,000 to sit for an exam and potentially be employed as a nurse without the required coursework or clinicals, DOJ said. Some customers are actively working in healthcare today.

As ResMed tops $1B revenues in Q2, CEO says Philips’ return to the CPAP market is ‘not a big perturbation’ to long-term strategy

For the second quarter of its fiscal year 2023, ResMed reached $1.03 billion in revenues, marking its highest-ever quarterly haul.

UK biotech IPOs fell to lowest level for a decade in 2022, but VC funds may offer salvation: report

British biotech IPOs in 2022 dropped to their lowest levels in a decade, with the amount the sector raised also plummeting year over year. However, some hope may be on the horizon in the form of billions of pounds in fresh VC funds.

BMS settles lawsuit with two fired employees who refused COVID vaccines

Two Bristol Myers Squibb employees who were fired for refusing to be vaccinated against COVID-19 have agreed to settlements, court documents show. A third fired employee who also sued has had her case dismissed.

CMS approves waiver to enable California to offer Medicaid coverage to incarcerated individuals

CMS approved a first-of-its-kind waiver to allow California to offer Medicare coverage for beneficiaries who are incarcerated in a bid to improve care coordination.

Ex-Neuralink exec’s brain implant startup Precision Neuroscience nets $41M

Synchron and Elon Musk’s Neuralink are currently leading the brain-computer interface pack, but a potential competitor has emerged complete with tens of millions of dollars in financing and a former Neuralink executive at the helm.

Celularity warns 'substantial portion' of staff about possible layoffs after reviewing cell therapy strategy

Celgene spinout Celularity has left an ax dangling over a “substantial portion” of its workforce. While the cell therapy firm is “hopeful” it can avoid significant layoffs, it has told many staffers their jobs are on the line as it pursues an updated strategy.

J&J, Legend's Carvykti hits goal in earlier myeloma, escalates CAR-T showdown with Bristol Myers' Abecma

The closely watched CARTITUDE-4 trial testing J&J and Legend Biotech's Carvykti in earlier myeloma has hit its goal at an interim analysis, bringing the CAR-T battle against Bristol Myers Squibb to a new level. But experts expect the drug to clear a high bar to call the trial a practice-changing win.

Humana to open 10 CenterWell senior primary care locations in Dallas-Fort Worth this year

Humana is bringing its CenterWell clinics to the Dallas-Fort Worth region, with plans to open 10 locations across the market over the course of this year.

Researchers predict Alzheimer’s progression 3.5 years early with unique blood test

Researchers at King’s College London have found that a blood test can help predict a person’s risks of Alzheimer’s disease years before a clinical diagnosis, by evaluating the body’s ability to form new brain cells.
 
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‘The Top Line’: Inflation Reduction Act, and biotech’s outlook

This week on "The Top Line," we hear from Stacie Dusetzina, Ph.D., a professor at Vanderbilt University's Department of Health Policy, about what the IRA means for the pharma industry. We'll also discuss what we can expect from the biotech industry in 2023.

 

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