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Life Sciences | News, Analysis, Insights - HIT Consultant

venBio Raises $528M for Fifth Life Sciences Fund

by Jasmine Pennic 08/05/2024 Leave a Comment

venBio Raises $528M for Fifth Life Sciences Fund

What You Should Know:  - venBio, a leading life sciences venture capital firm, announced the successful closing of its fifth fund, venBio Fund V, with over $528M in capital commitments.  - The new fund will focus on investing in biopharmaceutical companies developing innovative treatments for unmet medical needs. venBio Fund V Focus With a strong track record of successful investments in companies such as Labrys Biologics, Aragon Pharmaceuticals, and Seragon
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Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

by Fred Pennic 08/01/2024 Leave a Comment

Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform

What You Should Know:  - Outpace Bio, a pioneering cell therapy company raises $144M in oversubscribed Series B financing round led by RA Capital Management with participation from both new and existing investors, including Qatar Investment Authority, Surveyor Capital, Sheatree Capital, Black Opal Ventures, Alexandria Venture Investments, and several others. Outpace has now raised a total of approximately $200M to date. - Jake Simson, Partner at RA Capital Management, will join
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Labcorp and Ultima Genomic Partner to Advance Whole Genome Sequencing for Cancer Research

by Syed Hamza Sohail 07/31/2024 Leave a Comment

Labcorp and Ultima Genomics Partner to Advance Whole Genome Sequencing for Cancer Research

What You Should Know: -   Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced an expanded collaboration with Ultima Genomics to utilize its UG 100TM sequencing solution and ppmSeqTM technology to explore new whole genome sequencing (WGS) clinical applications, including molecular residual disease (MRD) in patients with early-stage solid tumor cancers. -  Labcorp recently introduced Labcorp® Plasma Detect™, the first clinically validated,
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OM1 Supporting Alzheimer’s Research and Care w/Expanded Dataset

by Syed Hamza Sohail 07/31/2024 Leave a Comment

OM1 Supporting Alzheimer’s Research and Care w/ Expanded Dataset

What You Should Know: -  OM1, the leader in real-world insights synthesis and evidence generation for life sciences supporting population and personalized data insights, evidence generation through advanced validated AI platforms, big deep clinical data, registries, and globally recognized thought leadership today announced the new release of its Alzheimer’s disease PremiOM dataset. - OM1 combines multiple real-world data sources – including specialists’ electronic medical records (EMR),
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MISTR Offers Free STI Test Kits Available at Select Georgia Walmarts

by Jasmine Pennic 07/25/2024 Leave a Comment

MISTR Offers Free STI Test Kits Available at Select Georgia Walmarts

What You Should Know:  - MISTR, a telemedicine provider for sexual health, is partnering with select Walmart locations in Georgia to offer free at-home STI test kits. This initiative aims to increase access to convenient and confidential testing, particularly in areas with high HIV transmission rates. - MISTR goes beyond STI testing, offering telemedicine consultations for PrEP (pre-exposure prophylaxis) and long-term HIV care. Their focus on accessibility and education aims to
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Transparency Launches to Tackle Counterfeit Prescription Crisis with Substance Test Kits

by Syed Hamza Sohail 07/24/2024 Leave a Comment

Transparency Launches to Tackle Counterfeit Prescription Crisis with Substance Test Kits

What You Should Know: -              Transparency, a harm reduction organization providing at-home drug testing kits for any substance, today announced its official launch and formation as the parent organization of the Bunk Police. -              Celebrated for its strong impact in the harm reduction space, the Bunk Police provides critical education and drug
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Wexner Medical Center Launches Largest Precision Health Initiative in Ohio

by Syed Hamza Sohail 07/23/2024 Leave a Comment

Wexner Medical Center Launches Largest Precision Health Initiative in Ohio

What You Should Know: -  The Ohio State University Wexner Medical Center and Helix, the leading precision health organization in the nation, are launching the largest precision health initiative in Ohio, aimed at driving better health outcomes and more personalized care for all individuals in the state. -  The program, named Ohio State Genomic Health, will enroll 100,000 participants over four years and will provide important information about potential risks for health conditions by
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PCR is the Gold Standard of Testing. How Can It Be Improved?

by Jinyong Lee, CEO & Co-Founder of Kryptos Biotechnologies 07/19/2024 Leave a Comment

PCR is the Gold Standard of Testing. How Can It Be Improved?

Most of us have been tested for COVID-19 over the past few years. If that’s true of you, you know the routine: you go to a testing site, give your sample, a medical professional sends it to a laboratory, and you receive your results in a day or two. If this sounds familiar, you’ve benefited from PCR (Polymerase Chain Reaction) testing.  PCR is well known for its accuracy. It has limitations, however: it’s costly, time-consuming, and requires samples to be sent to central laboratories.
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Texas A&M Health and Burst IQ Partner to Optimize Clinical Genomics Research

by Syed Hamza Sohail 07/19/2024 Leave a Comment

Texas A&M Health and BurstIQ Partner to Optimize Clinical Genomics Research

What You Should Know: -Texas A&M Health and BurstIQ, a leader in advanced data management, today announced a partnership to leverage LifeGraph®, a graph-powered, end-to-end data management platform, to transform clinical research. -This collaboration aims to enhance patient and researcher interactions while ensuring the highest standards of patient privacy and data rights. Texas A&M Health: Advancing Healthcare through Innovation and Research Texas A&M Health is a
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Olympics 2024 Anti-Doping: Why Innovation in Testing Is Key

by Gabe Baida, Executive Director at InnoVero 07/17/2024 Leave a Comment

Olympics 2024 Anti-Doping: Why Innovation in Testing Is Key

As we approach the 2024 Summer Olympics, ensuring a clean game is a major priority for the International Olympic Committee. More than 1,000 people will be involved in various anti-doping testing stages, including chaperones, sample collection personnel, and dedicated anti-doping control spaces at each competition venue. The goal is to maintain fair competition so we can all trust that those Olympians who earn their podium moment did so without any artificial enhancement. Unfortunately, the
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