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Coronavirus and downturn slam America's oil patch

When Texas' energy-dependent economy stalled, mass layoffs hit skilled middle-class workers.




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The firm switching from floor tiles to surgical masks

Switching products to suit the times: the floor tile manufacturer now making masks for the NHS.




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Morningstar Acquires PitchBook Data for $225,000,000

We help our clients build the great companies of tomorrow by providing them with the world's meaningful business information and resources to understand it.




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Roy Horn of Siegfried and Roy Dead at 75 After Catching COVID-19

Roy Horn, one half of the famous Siegfried & Roy magic and entertainment act in Las Vegas, is dead after being infected with the coronavirus ... TMZ has learned. We just got a statement from Siegfried, who told us, "Today, the world has lost…




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Catchpoint Systems Obtains $22,499,999 New Round

Catchpoint delivers world-class Web Performance Monitoring for all Internet services: Website, Mobile, App, Ads, API, DNS, CDN, Streaming, Cloud, & more




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Kelvin Fletcher undergoes dramatic lockdown makeover

Kelvin Fletcher has taken a leaf out of Paddy McGuinness's book




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New Opportunities for OTC Monograph Drugs under the CARES Act

By: Daniel Dwyer and Daniel Logan On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act, or “CARES” Act (Pub. Law 116-136), which includes a comprehensive revision of the rules governing over-the-counter (OTC) drugs currently marketed under monographs published by the Food and Drug Administration (FDA).  This law

The post New Opportunities for OTC Monograph Drugs under the CARES Act appeared first on Kleinfeld Kaplan & Becker LLP.




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LifeSignals Receives CE Mark for ECG Remote Monitoring Patch

LifeSignals, based in Fremont, California, announced that it received the CE Mark for its LifeSignals ECG Remote Monitoring Patch. The patch, integrated with a remote monitoring platform, is designed as a continuous electrocardiography (ECG) and heart rate monitor. The ECG Remote Monitoring Patch is disposable and captures data for up to three days. The device […]




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VitalPatch Wins FDA Emergency Use Authorization for Cardiac Monitoring in COVID Patients

VitalConnect announced that it has received FDA Emergency Use Authorization status for use of its VitalPatch to detect changes in the QT interval of hospitalized patients undergoing drug treatment for COVID-19. Hydroxychloroquine and chloroquine, used to treat some COVID-19 patients, are associated with risk of prolonged QT interval that can lead to life-threatening arrhythmias. VitalPatch allows […]




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E&C Members Hold Bipartisan Teleconference Forum with CDC on Racial Disparities in COVID-19 Health Outcomes

Members of the Energy and Commerce Committee’s Health and Oversight and Investigations subcommittees today held a bipartisan teleconference forum with Centers for Disease Control and Prevention (CDC) Principal Deputy Director Anne Schuchat, M.D., to discuss racial disparities in health outcomes for COVID-19 patients. Health Subcommittee Chairwoman Anna G. Eshoo (D-CA), Health Subcommittee Ranking Member Michael C. Burgess, M.D. (R-TX), Oversight and Investigations Subcommittee Chair Diana DeGette (D-CO) and Oversight and Investigations Subcommittee Ranking Member Brett Guthrie (R-KY) released a joint statement following the call: “Today, bipartisan members of our two subcommittees discussed the deeply troubling racial disparities in health outcomes for COVID-19 patients with CDC’s Principal Deputy Director Schuchat.  During the call, members received an update on CDC’s COVID-19 response, current data collection efforts, and reiterated the need for more accurate and timely demographic data.  “Congress stands ready to work with the CDC to secure comprehensive demographic data to help us direct resources and support to close this gap in these health outcomes.” ###




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Consumer Protection and Commerce Subcommittee Announces Teleconference Forum with FTC Chairman Simons on May 11

Washington, D.C. – Consumer Protection and Commerce Subcommittee Chair Jan Schakowsky (D-IL) and Ranking Member Cathy McMorris Rodgers (R-WA) today announced that the Subcommittee will hold a teleconference forum on Monday, May 11, at 12 p.m. (EDT) with Federal Trade Commission (FTC) Chairman Joseph J. Simons to discuss critical consumer protection issues related to the COVID-19 pandemic. “The COVID-19 pandemic has brought about significant consumer protection concerns that fall under the purview of the FTC, including COVID-19 related scams, price gouging, privacy and data security issues, and more,” Schakowsky and McMorris Rodgers said.  “We look forward to hearing from Chairman Simons about the steps FTC is taking to ensure consumers are protected during this pandemic.”      This forum is open to the press.  Credentialed reporters interested in listening to the forum live should RSVP to Evan.Gilbert@mail.house.gov by 5 pm on Friday, May 8.   ###




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PTC Therapeutics to Acquire Censa Pharma for Mid-Stage Rare Disease Drug

PTC Therapeutics has reached an agreement to acquire Censa Pharmaceuticals and its lead asset, an experimental metabolic disorder therapy that is now being prepared for a pivotal study. The deal, announced after the market close Wednesday, will bring South Plainfield, NJ-based PTC (NASDAQ: PTCT) another compound for its pipeline of rare disease drugs. Wellesley, MA-based […]




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Dr John McHutchinson steps down from Gilead with $1.1 million goodbye

Gilead has said that Dr John McHutchison is stepping down after nine years at the firm.

Gilead’s Chief Scientific Officer and Head of Research and Development has decided to leave the company next month, Gilead said.

Under McHutchinson, Gilead developed five new hepatitis drugs, which have been used by as many as 3.2 million people around the world.

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Chris Thatcher to step down as President and CEO of Neuronetics

Neuronetics, Inc and Chris Thatcher, the President and CEO, have mutually agreed that he will step down from his positions in the company. He will provide transition services and advice to the company until 1 May 2020.

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Elsevier: Challenges and Trends to Watch in 2020 (Guest Post)

Today’s guest post comes from Trygve Anderson, Vice President of Commercial Pharmacy at Elsevier.

Trygve discusses trends and challenges to watch in 2020, including drug pricing transparency, the approval and interchangeability of biosimilars, and stakeholder access to timely and accurate data.

Learn more about Elsevier’s information analytics capabilities from its video: Evaluating Drug Data Yields Business Value.

Read on for Trygve’s insights.
Read more »
        




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Government Watchdog Chides FEMA for Lax Flood Enforcement

The agency fell well short of its goal of evaluating local flood control efforts every five years

-- Read more on ScientificAmerican.com




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FTC clears AbbVie’s $63bn Allergan takeover

US regulator satisfied that antitrust concerns are remediated




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US FTC clears AbbVie’s buy of Allergan, but with divestments

Almost a year after the original announcement, the US Federal Trade Commission (FTC) has accepted the…



  • AbbVie/Allergan/Companies
  • mergers and acquisitions/Endocrinology/Federal Trade Commission/Ireland/Legal/Management/Pancrelipase/Pharmaceutical/USA/Viokace/Zenpep

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PTC Therapeutics to acquire Censa Pharmaceutical

In another strategic M&A deal announced so far this month, PTC Therapeutics has entered into an agreement…



  • Biotechnology/Censa Pharmaceuticals/Companies
  • mergers and acquisitions/Metabolics/PTC Therapeutics/Rare diseases/sepiapterin/USA

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Fair price for Gilead's COVID-19 med remdesivir? $4,460, cost watchdog says

While Gilead has yet to present a marketing plan for remdesivir—much less a price—ICER figures the COVID-19 drug could be cost-effective at up to $4,460 per patient. That means it could easily rake in blockbuster sales this year, at least theoretically.




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AbbVie, Allergan score FTC approval for $63B merger with one final hurdle left to go

AbbVie and Allergan have waited for nearly a year for their much-discussed merger to pass muster. Finally, after pushback from consumer groups and tight scrutiny from regulators, the FTC has granted its green light. The partners face just one final hurdle to consummating their deal. 




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Can the price be right? With the world watching, Gilead faces a no-win decision on remdesivir

The world is waiting for Gilead Sciences to set a price tag for remdesivir, the first brand-new med authorized to treat COVID-19. Its choice will affect Gilead's reputation and bottom line, set a tone for follow-up meds—and either help polish up the pharma industry's image or create a new flashpoint for criticism.




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Journal Watch (Holiday 2019)

Closing out another year at BiotechDueDIligence, thank you for following along! Enjoy another round-up of scientific and medical journal articles driving the conversation and newsflow in biotech.There's lots of great #immunology in @sciencemagazine this week! @JSRustenhoven & @jonykipnis (@kipnislab @UVA) author a fascinating Perspective on how immune cells bypass the blood–brain barrier!https://t.co/6QjcNxU0p6 pic.twitter.com/njjnrn9Yej— Seth Thomas Scanlon (@ImmunoEditor) December 20, [...]




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Journal Watch (January 2020)

Important paper out on #Wuhan #nCoV2019 via @biorxivpreprint96% sequence identity to a bat #coronavirus~80% sequence identity to SARS~95% AA sequence identity in 7 conserved replicase domains to SARSuses the same cell entry receptor, ACE2, as SARShttps://t.co/iwaHTsDGJN pic.twitter.com/dGEjBvGx4j— Andy Biotech (@AndyBiotech) January 23, 2020This is major progress in understanding #Parkinsons disease biology!~ #LRRK2 atomic resolution #cryoEM structure~ Switch between active / inactive conforma [...]




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Iraqi-Born Dutch Citizen Pleads Guilty to Terrorism Conspiracy Against Americans in Iraq

An Iraqi-born Dutch citizen today pleaded guilty to conspiring with others to murder Americans overseas, including by planting roadside bombs targeting U.S. soldiers in Fallujah, Iraq, and by demonstrating on video how these explosives would be detonated to destroy American vehicles and their occupants.



  • OPA Press Releases

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Iraqi-Born Dutch Citizen Sentenced to 25 Years in Prison for Terrorism Conspiracy Against Americans in Iraq

An Iraqi-born Dutch citizen was sentenced to 25 years in prison today for conspiring to murder Americans overseas, including by planting roadside bombs targeting U.S. soldiers in Fallujah, Iraq, and by demonstrating on video how these explosives would be detonated to destroy American vehicles and their occupants.



  • OPA Press Releases

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Dutch Airline Executive Agrees to Plead Guilty for Fixing Prices on Air Cargo Shipments

A Dutch citizen and executive of Martinair Holland N.V. (Martinair) has agreed to plead guilty, serve time in jail and pay a criminal fine for participating in a conspiracy to fix cargo rates for international air shipments. Including today’s charge, a total of 15 airlines and four executives have pleaded guilty or agreed to plead guilty in the Justice Department’s ongoing investigation into price fixing in the air transportation industry.



  • OPA Press Releases

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Justice Department Sues Fitchburg, Mass., Housing Authority for Disability Discrimination

The Department today filed suit against the Fitchburg Housing Authority in Fitchburg, Mass., and its Executive Director Robert W. Hill alleging that they violated the Fair Housing Act when they refused to allow a tenant to transfer to a different apartment as a reasonable accommodation for her disabilities.



  • OPA Press Releases

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Dutch Firm and Two Officers Plead Guilty to Conspiracy to Export Aircraft Components and Other Goods to Iran

A Dutch aviation services company, its director and sales manager pleaded guilty today in the District of Columbia to federal charges related to a conspiracy to illegally export aircraft components and other items from the United States to entities in Iran via the Netherlands, the United Arab Emirates and Cyprus.



  • OPA Press Releases

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Justice Department Requires Divestitures in Cameron International Corp.’s Acquisition of NATCO Group Inc.

The Department said that the deal as originally proposed would substantially lessen competition in the manufacture of refinery desalters in the United States.



  • OPA Press Releases

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Largest Environmental Bankruptcy in U.S. History Will Result in Payment of $1.79 Billion Towards Environmental Cleanup & Restoration

As a result of the largest environmental bankruptcy in U.S. history, $1.79 billion has been paid to fund environmental cleanup and restoration under a bankruptcy reorganization of American Smelting and Refining Company LLC (ASARCO).



  • OPA Press Releases

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Attorney General Holder Dispatches Justice Department Team to Monitor British Petroleum Oil Spill

Attorney General Eric Holder announced today that he is dispatching a team of attorneys from multiple divisions within the Justice Department to New Orleans to meet with the U.S. Attorney and response teams and to monitor the oil spill in the Gulf of Mexico.



  • OPA Press Releases

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U.S. Trustee Program Announces Resolution of Litigation Against Countrywide Home Loans Inc., in Consumer Bankruptcy Cases

The U.S. Trustee Program has successfully resolved litigation against Countrywide Home Loans Inc. in its ongoing efforts to protect homeowners in bankruptcy.



  • OPA Press Releases

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Justice Department Resolves Disability Discrimination Lawsuit Against Fitchburg, Massachusetts, Housing Authority

The lawsuit alleged that the Fitchburg Housing Authority and Hill violated the Fair Housing Act by adopting and implementing policies that denied tenants with disabilities other than mobility impairments the opportunity to transfer between apartments within Fitchburg’s public housing neighborhoods.



  • OPA Press Releases

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Natchez, Mississippi, Police Officers Indicted for Civil Rights Offenses, Conspiracy to Commit Identity Theft and Fraud, and False Statements

A federal grand jury returned an indictment charging Natchez, Miss., Police Department Officers Elvis Prater, 35, and Dewayne Johnson, 32, with civil rights offenses and other offenses related to the beating of two men in custody, the theft of an arrestee’s credit and debit cards, and the officers’ false statements to federal investigators.



  • OPA Press Releases

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Cisco Systems and Westcon Group North America Pay $48 Million to Settle False Claims Act Allegations

Cisco Systems and Westcon Group North America (formerly d.b.a. Comstor) have agreed to pay the United States $48 million to settle claims that they made misrepresentations to the General Services Administration (GSA) and other federal agencies in violation of the False Claims Act.



  • OPA Press Releases

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Former Caesars Palace Nightclub Host Pleads Guilty to Tax Crime

Richard Chu, a former "VIP host" at Pure Nightclub located in Caesars Palace Hotel and Casino in Las Vegas, pleaded guilty in federal court to one count of filing a false federal income tax return for the 2006 tax year.



  • OPA Press Releases

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United States Announces Global Environmental Bankruptcy Settlement with Tronox

Under a global bankruptcy settlement lodged in federal bankruptcy court in Manhattan today, Tronox Inc. and its affiliated debtors will pay $270 million into trusts and to federal and state agencies that will fund the cleanup of contaminated sites in 22 states.



  • OPA Press Releases

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Dutch Woman and 17 Other Members of FARC Terrorist Organization Indicted on Hostage-taking and Weapons Charges

Tanja Anamary Nijmeijer, a Dutch national who moved to Colombia and joined the Revolutionary Armed Forces of Colombia (FARC) in 2002, and 17 other members of the FARC designated foreign terrorist organization were indicted by a federal grand jury in Washington, D.C., today on seven counts of terrorism and weapons charges arising out of their participation in the hostage-taking of three American citizens in the Republic of Colombia.



  • OPA Press Releases

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Natchez, Mississippi, Police Officer Convicted of Civil Rights Offense for Stealing from Arrestee

A jury in Natchez, Miss., yesterday convicted a Natchez Police Department officer of violating the civil rights of an arrestee by stealing credit and debit cards from the arrestee.



  • OPA Press Releases

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Second Caesars Palace Nightclub Host Pleads Guilty to Tax Crime

Ali “Shawn” Olyaie, a former “VIP host” at the Pure Nightclub located in Caesars Palace Hotel and Casino in Las Vegas, pleaded guilty in Las Vegas before U.S. District Court Judge Kent Dawson to one count of filing a false federal individual income tax return for the 2006 tax year.



  • OPA Press Releases

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Florida Man Indicted for Bankruptcy Fraud

A St. Petersburg, Fla., man was arrested today on bankruptcy fraud charges.



  • OPA Press Releases

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Five Individuals Indicted for Alleged Roles in Scheme to Defraud Program Providing Matching Funds Contributions to Non-Profit Organization

A 10-count federal indictment was unsealed today in the Eastern District of Virginia charging Stephen Bekale, Reynaldo “Christian” Villarroel, Maritza Villarroel, Irma DeMartini and Jamal Ibraheem with conspiring to commit wire fraud, wire fraud and money laundering.



  • OPA Press Releases

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United States Announces Bankruptcy Settlement with Oil Company in Wake of October 2009 Explosions and Fire

Under a settlement agreement lodged today in federal bankruptcy court in Delaware, Caribbean Petroleum Corp., Caribbean Petroleum Refining L.P., and Gulf Petroleum Refining Corp. – Puerto Rico will pay more than $8.2 million to address environmental liabilities relating to CAPECO’s former petroleum distribution facility in Bayamón, Puerto Rico, and more than 170 service stations owned or leased by CAPECO throughout Puerto Rico.



  • OPA Press Releases

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Natchez, Mississippi, Police Officer Pleads Guilty to Conspiracy to Commit Identity Theft and Fraud

Natchez, Miss., Police Department Officer Dewayne Johnson, 33, pleaded guilty today to conspiring to commit identity theft, credit card fraud and bank fraud by agreeing with his cousin to illegally use credit and debit cards stolen from an arrestee in Johnson’s custody.



  • OPA Press Releases

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DOJ, FTC Announce Changes to Streamline the Premerger Notification Form

Following a public comment period, the Department of Justice and the Federal Trade Commission (FTC) have made changes to reduce the filing burden and streamline the form parties must file when seeking antitrust clearance of proposed mergers and acquisitions under the Hart-Scott-Rodino (HSR) Act and the Premerger Notification Rules.



  • OPA Press Releases

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Las Vegas Real Estate Agent Pleads Guilty to Tax Fraud and Bankruptcy Fraud Charges

German A. Posada of Las Vegas pleaded guilty before U.S. District Judge Philip M. Pro to charges of filing a false 2004 individual income tax return and making a false statement in a bankruptcy proceeding.



  • OPA Press Releases

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Former Natchez County, Miss., Officer Sentenced for Theft and Civil Rights Violations

DeWayne Johnson, 33, of Natchez, Miss., and a former Natchez Police Department officer, was sentenced yesterday to 30 months in prison by U.S. District Court Judge David Bramlette for crimes related to the theft and subsequent unlawful use of credit cards that belonged to a person in the custody of Johnson while he was on duty.



  • OPA Press Releases

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Two Individuals Sentenced in Virginia for Roles in Matching Charitable Funds Fraud Scheme

Stephan Bekale and Jamal Ibraheem were sentenced today in U.S. District Court in Alexandria, Va., for conspiring to commit wire fraud as part of a matching funds scheme.



  • OPA Press Releases

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United States Files Complaint Against BestCare Laboratory Services Alleging False Claims for Medicare Funds

The United States filed a complaint against BestCare Laboratories, Inc. and its founder and principal, Karim A. Maghareh, in the U.S. District Court for the Southern District of Texas.



  • OPA Press Releases