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Today's Rundown

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Verily logs first major buyout, folding SignalPath trial management system into Baseline platform

Making good on its pledge to expand the reach of Project Baseline, its clinical research platform, Verily is set to acquire SignalPath, developer of an eponymous platform that, like Baseline, aims to make the entire clinical trial process more efficient.

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Top Stories

5 years after Pfizer buyout, SEC charges Medivation's ex-dealmaking lead with insider trading

Just days before Pfizer and Medivation unveiled their merger plans in August 2016, Medivation's then-business development lead bought stock options in Incyte Corporation, the SEC says. After news of Pfizer's Medivation buyout broke, Incyte's shares jumped.

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HIMSS21: Facebook, YouTube say stamping out COVID misinformation is much more than 'plucking all the weeds'

Beyond playing whack-a-mole with individual pieces of content, social media platforms need to take a proactive approach to developing and surfacing trustworthy information, representatives said during a HIMSS21 virtual panel.

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Lilly, with Alzheimer's in its crosshairs, forms new neuroscience unit, unifies oncology under Loxo exec

Neuroscience has zoomed up the agenda at Eli Lilly as the combination of data on donanemab and the accelerated approval of Biogen’s Aduhelm has opened up an opportunity in Alzheimer’s disease. Lilly has responded by splitting off its late-phase neurodegeneration and pain prospects into a new business unit.

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Memorial Health cancels surgeries, reverts to paper records as it responds to cyberattack

Memorial Health System in Ohio is struggling to restore its IT systems after a cyberattack Sunday that has significantly disrupted care and forced medical personnel to use paper records.

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Roche warns of global Actemra shortage as delta variant drives huge spike in demand for COVID-19 patients

Roche's Genentech warned that the "unprecedented" surge in demand for its arthritis drug Actemra, used to treat severely ill COVID-19 patients, has driven a global shortage that could last for months if the pandemic continues at its current pace.

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Unite Us acquires Carrot Health to strengthen analytics of its social determinants of health platform

The deal marries "the nation's largest" data set on consumers' health behaviors with Unite Us' social needs screening and referral platform.

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Ra Medical sheds its skin care business with sale of Pharos laser to Strata Skin Sciences

After nearly two decades developing excimer lasers to treat both dermatological conditions and peripheral artery disease, Ra Medical is now pursuing a “divide and conquer” strategy with the sale of its skin care business.

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Oracle of Organon: Buffett's Berkshire cashes out on Biogen, trims pharma holdings but discloses stake in Merck spinoff

Unlike other high-tech stocks such as Amazon and Apple where Warren Buffett is playing the long game, the Oracle of Omaha was apparently in Biogen for the short run.

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NuChem Sciences acquires rival Canadian CRO OmegaChem thanks to $37M from investors

NuChem Sciences and OmegaChem are merging to create what they consider to be Canada's largest contract research organization in chemical drug discovery. The Québécois companies will combine forces with $37 million in funding from investors.

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Aurinia stocks pipeline with $7M deal for 2 preclinical assets after securing crucial FDA nod

With lupus nephritis med Lupkynis under its belt, Canadian biopharma Aurinia Pharmaceuticals is shelling out $7 million for two new preclinical assets to build out the next phase of its pipeline. The company has acquired Thunderbolt Pharma and inked a global licensing and research agreement with Riptide Bioscience to grow beyond Lupkynis, according to a Tuesday statement.

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COVID-19 tracker: Qualigen dumps antiviral after spending millions on R&D; Twitter targets vax misinformation

Qualigen is calling it quits on its COVID-19 antiviral program after the FDA asked for more clinical studies before human testing. Twitter is ratcheting up its fight against vaccine misinformation after the White House blamed social media for "killing people." Plus more headlines.

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