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Takeda Pharma Pays $400M for Global Rights to Colorectal Cancer Drug

The Hutchmed drug, fruquintinib, is already approved in China for colorectal cancer. Takeda Pharmaceutical gets global rights to the small molecule, which has started a rolling submission with the FDA and is being readied for regulatory submissions in Europe and Japan.
Hong Kong Teresa Bitetti European Society For Medical Oncology Hong Kong Based Hutchmed European Society Medical Oncology

UPMC's Monopoly Keeps Wages Low and Prevents Workers from Unionizing, Lawmakers Say

Two Pennsylvania lawmakers are warning their constituents about UPMC, claiming the health system has built a monopoly that negatively affects both employee wellbeing and patient safety. They said UPMC has “considerable power over workers, which it wields to keep wages low, conditions unsatisfactory and prevent union organizing.”
United States Allegheny County Sara Innamorato Pennsylvania State Summer Lee Federal Trade Commission

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Report: Majority of Top Health Systems are Spending More on Interoperability This Year

More than half of technology leaders at the country’s top 50 health systems by net patient revenue said they’re investing more money into interoperability initiatives in 2023 than they did last year, according to a new report. Participating in health information exchanges is a key way that health systems strengthen their interoperability strategy.
Dave Cassel Health Gorilla Exchange Framework Trusted Exchange Framework Common Agreement Weight Loss

Why Quantum Health's CEO Believes He Has the Winning Formula for Healthcare Navigation

The healthcare navigation market — especially companies targeting self-insured employers — is fairly crowded. You have public companies like Accolade, failed public companies like Castlight Health, now private and merged with Vera Whole Health and a raft of other private companies like Included Health, Rightway, and HealthJoy. Not to mention point solutions for diabetes, MSK, hypertension, weight loss and so on that aim to lower costs related to these conditions for employers and health pla...
United States Ryan Macdonald Jailendra Singh Zane Burke Vera Whole Health Quantum Health

Nvidia's AI Tech Designs Proteins Never Seen in Nature, Pointing Way to New Therapies

A collaboration between Nvidia and startup Evozyne was able to produce novel versions of a human protein never before seen in nature but with enhanced function and the same safety as native protein. The research lays the groundwork for potential new therapies for a rare inherited disorder.
United States San Francisco Kimberly Powell Healthcare Conference Marin Pharmaceutical Jnana Therapeutics

Biotech Financing Roundup: Belharra, NextPoint, Pathalys & More

Cancer continues to be a hot area of investment, and it’s the therapeutic focus of several biotech companies that have closed recent rounds of financing. Meanwhile, the investment arm of a big pharmaceutical company has an infusion of new cash to deploy in therapeutic and digital investments.
United States United Kingdom Menlo Park Pathalys Pharma Arix Bioscience Scripps Research

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