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J&J Expands in Cancer, Paying $245M for Two Next-Generation Cell Therapies

Johnson & Johnson is acquiring rights to two next-generation cell therapies from Cellular Biomedicines, both potential treatments for diffuse large B-cell lymphoma. One therapy is already in the clinic while the other is on track to begin human testing this year.
United States Sen Zhuang American Society Of Hematology Janssen Research Development Bristol Myers Squibb Cellular Biomedicines

Travere Therapeutics Drug for Rare Kidney Disease Falls Short in Pivotal Test

Sparsentan failed to meet the main goal of a Phase 3 test in focal segmental glomerulosclerosis (FSGS). Nevertheless, Travere Therapeutics says the totality of data points to patient improvement in the rare kidney disorder and the biotech will talk with regulators about a potential path forward.
Jula Inrig Tim Lugo William Blair Deric Dube European Medicines Agency Travere Therapeutics

If You Could See Where You Cleaned, Could It Reduce Hospital-Acquired Infections?

Kinnos โ€” a startup reimagining the way hospitals disinfect their surfaces by colorizing the process โ€” recently raised $15 million in financing. Through better sanitization practices, the company is seeking to decrease hospital-acquired infections, which cause 72,000 deaths every year.
United States Democratic Republic Of The Congo Jason Kang Katherine Jin Henry Schein Fraser Health

Patient Square Capital Launches Company to Support Medical Device Startups

Healthcare investment firm Patient Square Capital launched a new portfolio company: Elevage Medical Technologies. The company will support growth-stage medical device companies by providing capital, as well as operational and clinical expertise โ€” it received an initial investment of $300 million from Patient Square.
United States University Of California San Francisco Menlo Park Jim Momtazee Evan Melrose Baylor College Of Medicine

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CVS Health: 60% of Mental Health Physicians See Patients' Conditions Declining

New CVS Health data found that while 42% of respondents are concerned about their mental health, only 12% are seeing a mental health professional, such as a psychiatrist, psychologist, psychotherapist or wellbeing therapist. Younger respondents are especially struggling: 60% of those aged 18 to 32 years old are concerned about their mental health.
United States Cara Mcnulty Beauty Mark Initiative Weight Loss Medical Devices Healthcare Innovation

60% of Nurses Have Plans to Change Their Job Status in the Coming Year, Study Shows

The burnout crisis among nurses has gotten significantly worse since the peak of the pandemic in 2021, according to new research from AMN Healthcare. Only 40% of nurses said that they have no plans to change their work status in the coming year, and only one-third said they have ideal time to spend with their patients โ€” marking a decrease of 10 percentage points from 2021.
Weight Loss Medical Devices Healthcare Innovation Medcity News Medcity News San Francisco

ChatGPT Outperforms Doctors In Answering Patient Messages, Study Shows

A new study found that ChatGPT might actually be quite successful in providing high-quality answers to patient questions during an era in which doctors and nurses are too busy to do so. The research evaluated two sets of answers to patient inquiries โ€” one written by physicians, the other by ChatGPT. A panel of healthcare professionals determined that ChatGPT's answers were significantly more detailed and empathetic.
Reddit Askdocs John Ayers University Of California San Diego California San Diego Weight Loss Medical Devices

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