Quest Diagnostics, one of largest providers of diagnostic testing in the US, today confirmed that nearly 12 million customers may have had information compromised due to a data breach. American Medical Collection Agency (AMCA), a billing collections service provider notified Quest Diagnostics that an unauthorized user had access to AMCA’s system containing personal information AMCA received from various entities, including from Quest. AMCA provides billing collections services to Optum360, a
Read More
Mayo Clinic to Develop New Diagnostic Test Using Patients’ Breath to Detect Lung Cancer
Mayo Clinic Laboratories is teaming up with Breath Diagnostics to develop new clinical diagnostic tests that use patient breath samples to identify individual biomarkers that can predict a spectrum of diseases. The first collaboration will focus on a diagnostic test that detects lung cancer using patients' exhaled breath. Benefits of BiomarkersBiomarkers are measurable substances that help in predicting the severity of a disease or infection. Examples of a biomarker include an individual's pulse
Read More
1DROP Raises $4.25M to Support Commercialization of Portable Medical Diagnostics Platform
1DROP, a life sciences startup developing and commercializing an easy to use laboratory quality, portable medical diagnostic testing platform has raised $4.25 million in Series A funding led by led by Christian Wildmoser (former partner CVC Capital Partners & Swiss Startup Group Investor). The round also included participation from private investors of the Swiss Startup Group including Dr. Hans-Peter Strebel (owner of On Your Marks), Beat Schillig (IFJ Institute for Young Entrepreneurs) and
Read More
GE Launches Startup Drawbridge Health To Transform Blood Collection
GE Ventures has announced the launch of Drawbridge Health, a personal diagnostic testing startup developing proprietary technology designed to integrate blood draw, collection and sample stabilization into a single device. The Drawbridge solution is being designed to offer a way for healthcare providers and diagnostic testing companies to better engage their patient-consumers and help enable them to manage their own health — driving a shift from reacting to tracking.Healthcare providers using
Read More
Leidos Closes $5B Lockheed Martin Acquisition, Appoints 3 New Directors
Leidos has announced the successful $5B acquisition of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business in a Reverse Morris Trust transaction. The division has about $5 billion in sales and more than 16,000 employees globally, IS&GS has been a leading government services provider for more than 20 years. Lockheed states the move will allow them to focus more on its core aerospace and defense operations.The Leidos Board of Directors also announced the election
Read More