News Archive

Health technology is advancing so rapidly that within a decade the small handheld medical reader used by Dr. Leonard McCoy in Star Trek — the tricorder — will look primitive.

We are moving into an era of data-driven, crowdsourced, participatory, genomics-based medicine. Just as our bathroom scales give us instant readings of our weight, wearable devices will monitor our health and warn us when we are about to get sick. Our doctors — or their artificial intelligence replacements — will prescribe medicines or lifestyle changes based on our full medical history, holistic self, and genetic composition.

After seeing how the federal agencies intend to implement the recommendations from The White House Lab to Market Summit the difference between product and process oriented people really hit home.

Product people burn with a passion to get the job done. Process people focus on rules and procedures to minimize risk.  Thus, product people are like the accelerator and process people are the brakes.  You need both in your car, but if the brakes run the show you’ll never get out of the driveway.  Similarly, whenever deal makers are subservient in a system to process people, frustration is sure to follow.

A blood sample could one day be enough to diagnose many types of solid cancers, or to monitor the amount of cancer in a patient’s body and responses to treatment. Previous versions of the approach, which relies on monitoring levels of tumor DNA circulating in the blood, have required cumbersome and time-consuming steps to customize it to each patient or have not been sufficiently sensitive.

Now, researchers at the Stanford University School of Medicine have devised a way to quickly bring the technique to the clinic. Their approach, which should be broadly applicable to many types of cancers, is highly sensitive and specific. With it they were able to accurately identify about 50 percent of people in the study with stage-1 lung cancer and all patients whose cancers were more advanced.

Alios BioPharma, Inc., a biotechnology company developing proprietary therapeutics for respiratory viral diseases, today announced it has completed a $41 Million Series B financing. All existing investors — Novo Ventures, SR One, Roche Venture Fund and Novartis Ventures — participated in this round, which was led by a new, undisclosed investor.

“We are pleased to welcome our newest investor and to have the continued support from our current investors for this round of financing,” stated Lawrence M. Blatt, PhD, President and Chief Executive Officer of Alios BioPharma. “This funding will allow Alios to retain ownership and control of our novel, first-in-class anti-respiratory virus development programs.”

Rockville-based malaria vaccine development company Sanaria Inc. won the 2014 Vaccine Industry Excellence (VIE) Award for the “Best Prophylactic Vaccine” presented last week during the 14th World Vaccine Congress.

The Sanaria® PfSPZ Vaccine demonstrated complete protection against malaria in all volunteers (6/6) who received high dose immunizations in a trial at the Vaccine Research Center (VRC), National Institute of Allergy and Infectious Diseases (NIAID), NIH.

GlycoMimetics, Inc. announced the addition of Timothy Pearson to its Board of Directors.

According to a release, Pearson most recently held the position of Chief Financial Officer, Executive Vice President and Treasurer at Catalyst Health Solutions, a publicly held pharmacy benefit manager with over $5 billion in revenues. Pearson led the company’s financial activities, including performance management, investor relations, SEC compliance, capital strategy and planning, until SXC Health Solutions (now Catamaran Corp.) acquired Catalyst in 2012. Pearson had previously served as Chief Financial Officer and Executive Vice President of MedImmune, the global biologics business for AstraZeneca PLC, where he had functional responsibility for finance, information technology, strategic planning and governance, and was a member of MedImmune’s Executive Team.

Leaving home: My father was a Chinese diplomat, posted in Peru. After Mao’s revolution, my parents opened a grocery store in Lima. They worked seven days a week, and we lived in the back. When I was 15, my parents sent me to America with $300. “Make a life for yourself,” they said.

Making the grade: In my first year at college in Iowa, I was learning a new language, attending school, and working 25 hours a week. When I got a C-minus, I told my professor Paul Uhlinger I wanted to return to Peru. He said, “Never let where you come from determine where you will go.” He had more confidence in me than I had in myself.

At Medgadget we love artificial organs, from kidneys to hearts to skin. The pancreas is no exception. We recently had the opportunity to speak with Medtronic Diabetes’ Chief Medical Officer and VP of Global, Clinical, and Health Affairs, Dr. Francine Kaufman, about the most recent step that Medtronic has taken towards developing a fully-functional artificial pancreas.

Shiv Gaglani, Medgadget: Can you describe how the artificial pancreas works?

Dr. Francine Kaufman: A fully automated “artificial pancreas” is a system that closely mimics the insulin delivery of a working pancreas using advanced technology that continuously monitors glucose levels and automatically adjusts insulin delivery with minimal or no patient interaction.

The IPO market for venture-backed companies is off to a much stronger start than last year, which didn’t really get going until the second quarter.

Castlight Health officials celebrate the company’s IPO at the New York Stock Exchange on March 14. Reuters There were 36 initial public offerings in the first three months of this year compared with eight a year ago, according to data from Thomson Reuters and the National Venture Capital Association. It was the strongest quarter for IPOs since the third quarter of 2000.