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Life Sciences | News, Analysis, Insights - HIT Consultant

FDA Authorizes First Fully Over the Counter COVID-19 Home Test

by Fred Pennic 12/16/2020 Leave a Comment

FDA Authorizes Ellume COVID-19 Home Test as First Over-the-Counter Fully At-Home Diagnostic Test

What You Should Know: - FDA grants Emergency Use Authorization for Ellume COVID-19 Home Test for non-prescription home use in symptomatic and asymptomatic individuals - The first fully over-the-counter COVID-19 Home Test demonstrated 96% accuracy in a multi-site US clinical study of both adults and children 2 years and above - Ellume is ramping up manufacture, with production on track for over 100,000 tests per day in January 2021 Ellume, a digital diagnostics announced its rapid,
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Abbott Receives CE Mark for its COVID-19 IgG Quantitative Antibody Blood Test

by Fred Pennic 12/15/2020 Leave a Comment

Abbott Receives CE Mark for its COVID-19 IgG Quantitative Antibody Blood Test

What You Should Know: - Abbott Receives CE Mark for its COVID-19 IgG Quantitative Antibody Blood Test that specifically detects levels of IgG antibodies that attach to the virus’ spike protein, which can be helpful to evaluate a person's immune response to vaccines. - Abbott plans to submit its test for the U.S. Food and Drug Administration (FDA) emergency use authorization soon. Abbott, today announced it received CE Mark for its new quantitative SARS-CoV-2 IgG (Immunoglobulin G)
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Backed by Khosla Ventures, Rubedo Life Sciences Secures $12M for Drug Discovery Platform

by Jasmine Pennic 12/04/2020 Leave a Comment

Backed by Khosla Ventures, Rubedo Life Sciences Secures $12M for Drug Discovery Platform

What You Should Know: - Biopharma startup Rubedo Life Sciences raises $12M to develop a broad portfolio of innovative therapies engineered to target cells for chronic age-related diseases. - Rubedo’s proprietary ALEMBIC™ drug discovery platform, has generated a novel pipeline of therapeutic candidates that selectively target senescent cells, pro-inflammatory and pro-fibrotic cell populations that result from a variety of cellular stress and damage. Rubedo Life Sciences, a
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UCB Taps Medisafe to Develop Branded Digital Drug Companions for Antiepileptic Medications

by Fred Pennic 11/24/2020 Leave a Comment

UCB Taps Medisafe to Develop Branded Digital Drug Companions for Antiepileptic Medications

What You Should Know: - UCB has selected Medisafe to develop branded digital drug companions for antiepileptic medications, marking the company’s official entry into the digital therapeutics space. - The initial collaboration will primarily be focused on their antiepileptic medications, but they are exploring its use for additional brands.  Medisafe, a leading digital therapeutics company specializing in digital companions, has been selected by UCB to develop branded digital
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GE Healthcare Acquires Swedish Photon Counting CT Startup Prismatic Sensors AB

by Fred Pennic 11/20/2020 Leave a Comment

GE Healthcare Acquires Swedish Photon Counting CT Startup Sensors AB

What You Should Know: - GE Healthcare acquires Swedish startup Sensors AB, specializing in photon counting detectors for an undisclosed amount. - The acquisition underscores the company’s continued investment and dedication in photon-counting CT technology (PCCT) - PCCT is anticipated to further expand the clinical capabilities of traditional CT technology GE Healthcare today announced its acquisition of Prismatic Sensors AB, a Swedish-based startup specializing in photon
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7 Best Practices for Third-Party Risk Management in the Pharmaceutical Industry

by Dr. Aleksandr Yampolskiy, CEO of SecurityScorecard 11/19/2020 Leave a Comment

7 Best Practices for Third-Party Risk Management in the Pharmaceutical Industry

The globalization of the pharmaceutical industry has forced pharma companies to outsource, increasing their reliance on third-party vendors and suppliers. As this supply chain grows in complexity, companies find themselves grappling with a growing amount of cyber risk.  A data breach in the pharmaceutical industry can cost companies upwards of $5 million and costs can rise significantly if a third-party vendor or supplier is the cause of a data breach. For this reason, organizations must
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FDA Authorizes First At-Home COVID-19 Test, Results in 30 Mins or Less

by Fred Pennic 11/18/2020 Leave a Comment

FDA Authorizes First At-Home Molecular COVID-19 Test

What You Should Know: - FDA approves emergency use authorization (EUA) for Lucira Health’s all-in-one-test kit for COVID-19 self-testing at home. - The streamlined Lucira COVID-19 All-In-One Test Kit, which fits in the palm of a hand, extracts genetic material from the virus and amplifies it. This process takes up to 30 minutes, but a positive test result can be generated in as few as 11 minutes. On late Tuesday, the Food and Drug Administration (FDA) issued an emergency use
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AstraZeneca, CCT Partner to Conduct COVID-19 Vaccine Clinical Trials in Arizona

by Jasmine Pennic 11/12/2020 Leave a Comment

AstraZeneca, CCT Partner to Conduct COVID-19 Vaccine Clinical Trials in Arizona

What You Should Know: - AstraZeneca and CCT announce a partnership to conduct COVID-19 vaccine clinical trials in Arizona with 1,500 participants. CCT Research (CCT), a leader in community-based, embedded clinical research, today announced its partnership with AstraZeneca to advance COVID-19 research. Together with local healthcare providers, CCT will facilitate clinical trials for the AZD1222 COVID-19 VACCINE,
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Peregrine Ventures Launches $300M VC Fund for Late-Stage Life Science Companies

by Fred Pennic 11/10/2020 Leave a Comment

Peregrine Ventures Launches $300M VC Fund for Late Stage Life Science Companies

What You Should Know: - Israeli-based Peregrine Ventures launches a new $300 million venture capital fund named Peregrine Growth to focus on late-stage life science companies. - Peregrine Growth will invest $20 to $30 million per funding round, with a strong emphasis on companies that are on the verge of an IPO or M&A.  Peregrine Ventures, one of Israel’s premier venture capital firms focused on the life sciences, today announced the launch of a new growth fund, Peregrine
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FDA Awards Eli Lilly Emergency Use Authorization for Antibody to Treat COVID-19

by Jasmine Pennic 11/10/2020 Leave a Comment

FDA Awards Eli Lilly Emergency Use Authorization for Antibody to Treat COVID-19

What You Should Know: - Eli Lilly is awarded Emergency Use Authorization (EUA) by the FDA for its monoclonal antibody for the treatment of recently diagnosed, mild to moderate COVID-19 in high-risk patients. -  U.S. government will allocate 300,000 doses of bamlanivimab to high-risk patients, with no out-of-pocket costs for the medication. The U.S. Food and Drug Administration (FDA) today granted Emergency Use Authorization (EUA) for Eli Lilly and Company's (NYSE: LLY)
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