Biotech 3

Biotech Emerges as ‘Superhero’ of Global Pandemic

The global coronavirus pandemic is spurring a boom in health care investments, as companies large and small try to combat the infectious disease. Biotechs, in particular, have seen a boom in interest, as investors look to bet on what could be the next Moderna (MRNA).

Kedar Karkare, a health-care analyst at CB Insights, said 2020 was a record year for the sector.

“We had almost $42 billion invested into biopharmaceutical companies … across 1,851 deals,” Karkare said. That’s a 46% increase over 2019, but the number of deals was only 4% more than in 2019, indicating that more capital was spent making these deals, Karkare said.

 

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Social Media Apps

5 Takeaways From Big Tech’s Misinformation Hearing

Big Tech taking questions from Congress is becoming a quarterly event.

The latest edition came Thursday, when Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey, and Google’s Sundar Pichai appeared virtually before the House Energy and Commerce Committee.

The hearing was centered around misinformation. It was the first time the executives took questions from lawmakers since the riot at the U.S. Capitol by pro-Trump supporters on Jan. 6 and since the widespread rollout of the COVID-19 vaccine began.

Violence and hate against Asian Americans is a health and safety crisis for everyone

On my walks through pre-pandemic Shanghai in late September 2019, around every corner I stumbled upon everyday scenes of older people’s integration into the fabric of the city and community life.

People with full heads of gray hair rode bikes and sat in front of storefronts, chatting with neighbors and eating meals from large metal bowls. An old woman whizzed by in a motorized wheelchair alongside scooters in the street. At Fuxing Park, grandpas tended to grandchildren and older men bounced spinning disks in a game of diabolo.

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Pharma Tech

7 Pharmaceutical Stocks Working on Their Next Blockbuster

Pharmaceutical stocks often need just a single blockbuster drug to make their fortunes.

Though the definition varies, blockbuster drugs are those that generate annual sales of $1 billion or more. The biggest blockbuster drugs can even exceed $100 billion in lifetime sales.

All of the companies on this list have drugs in their pipelines which could eclipse the billion dollar revenue milestone.

A blockbuster drug may be enough to send a smaller company’s stock price skyrocketing. Yet, in a larger pharmaceutical firm, a succession of blockbuster drugs is necessary simply to keep prices stable. Investors should keep that in mind before buying into any of the equities on this list.

 

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Coronavirus Patient

COVID-19 Accelerates Patient Experience Efforts, Care Coordination

COVID-19 has escalated patient experience efforts, mostly around care coordination and patient engagement, found Insights’ latest report, Overcoming Challenges to Effective Patient Experience.

A majority (69%) of survey respondents—stakeholders across provider organizations involved in patient experience—say patient experience efforts have grown amid the COVID-19 pandemic. Only seven percent of respondents say efforts have declined during the pandemic.

At the center of patient experience are two elements: care coordination and patient engagement.

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Nursing Home Care

L.A. Nursing Home ‘Dumped’ Residents to Bring in Lucrative COVID Patients, Authorities Say

A nursing home accused of illegally “dumping” patients onto city streets and into ill-equipped homes in order to take in more lucrative COVID-19 patients will nearly double its nursing staff, allow increased oversight and pay $275,000 in penalties and costs to settle a lawsuit brought by the Los Angeles city attorney’s office.

City Atty. Mike Feuer on Monday announced the legal agreement with the Lakeview Terrace skilled nursing facility, which he had accused of “sustained” and “intentional” misconduct in failing to adequately tend to some patients, while pushing others out of the 99-bed home.

The city alleged in its lawsuit that the facility west of downtown had an incentive to discharge long-term residents in order to make room for COVID-19 patients, who brought Lakeview Terrace much higher reimbursement payments from Medicare.

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Health & Wellness

Gut Health and Mood Genetically Entwined

University of Queensland researchers have confirmed a link between depression and stomach ulcers, in the world’s largest study of genetic factors in peptic ulcer disease.

Professor Naomi Wray from UQ’s Institute for Molecular Bioscience (IMB) and Queensland Brain Institute and and Dr Yeda Wu from IMB have provided clues to how the gut and brain work together by studying health data from nearly half a million people.

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Immunity Foods

Feed Your Lifestyle: What Does Your Plate Say About You?

We all associate differently to food. Therefore, not every plate looks the same. What we choose to eat can be influenced by so many different things – culture, mood, environment, money, age, who we are eating with, and more.

At Baptist Health South Florida, we believe in using food as medicine. Food should nourish the body and help it function at its best. March is National Nutrition Month and this year the Academy of Nutrition and Dietetics is encouraging Americans to “Personalize Your Plate.

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Emergency Aid

Does insurance cover COVID-19 shutdowns? A Chicago ruling offers businesses hope

A Chicago federal judge has rejected a bid by Society Insurance to toss a mountain of lawsuits filed by Billy Goat Tavern, Purple Pig, Lettuce Entertain You and other businesses hit hard by the pandemic, a departure from recent rulings in other courts that sided with insurance companies.

The Monday ruling gives hope to dozens of restaurants, bars and other businesses — including many in Chicago and its suburbs — whose claims for business interruption insurance were denied by the company after COVID-19 and government-mandated shutdowns forced them to close or severely curtail operations. Their cases can now move forward in court.

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Doctors in Hospital

Patient Stabs Doctor in Face and Head Inside Pennsylvania Hospital

A doctor is recovering after she was stabbed in the face and head inside Pennsylvania Hospital.

Police say the doctor was treating a patient inside the hospital on 800 Spruce Street on Tuesday when the patient stabbed her multiple times. The doctor is currently in stable condition while the patient was arrested.

A Penn Medicine spokesperson told NBC10 the hospital is working closely with Philadelphia police in response to the incident and that the doctor received immediate care.

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