Gene editing has had a big week in the spotlight. Here’s what’s going on
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Category: Business
STAT+: Biden admin proposes fixes to No Surprises Act’s dispute resolution process
The Biden administration dropped a new proposal Friday designed to fix the controversial dispute resolution…
Regeneron gene therapy improves hearing in child
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Emergency medicine is grappling with a surprising problem: The prospect of too many physicians
While much of the health care workforce is battling staff shortages, the emergency medicine field…
STAT+: ITC recommends partial import ban of Apple watches in Masimo patent case
The United States International Trade Commission issued a partial import ban of Apple watches on…
Pfizer’s twice daily pill for obesity hopes to rival Wegovy and Mounjaro
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STAT+: Looking to retain billions, hospitals warn Medicare’s drug payment fix is ‘unlawful’
Hospitals are telling government officials it would be illegal to claw back $7.8 billion as…
STAT+: For Parkinson’s disease, advances spurred by Apple Watch offer a glimmer of hope
Since the Apple Watch was unveiled in 2014, it has been trumpeted not only as…
STAT+: UnitedHealth discontinues a controversial brand amid scrutiny of algorithmic care denials
UnitedHealth Group and Optum are getting rid of the name of their tech-driven care management…
Why Biogen is purposefully becoming more risk averse, according to Biogen’s CEO
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STAT+: Dana-Farber’s divorce from Brigham is the culmination of decades of change
On the Southeast Expressway, at the edge of the city, two billboards advertising cancer care…
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Kaiser Permanente reaches tentative agreement with workers
After a historic strike, healthcare giant Kaiser Permanente and the Coalition of Kaiser Permanente Unions…
STAT+: EU orders Illumina to divest cancer diagnostics firm Grail
LONDON — European regulators on Thursday detailed their demands that Illumina divest the cancer diagnostics…
STAT+: A Q&A with the global head of Boehringer Ingelheim’s innovation unit
LONDON — At an event here last week, the German pharmaceutical firm Boehringer Ingelheim outlined…
STAT+: Venture capital firm General Catalyst wants to buy a health system
Venture firms, convinced they’re jumpstarting the world’s most helpful tech products, have struggled mightily to…
Medicare’s proposal on nursing home staff is ‘insanity,’ key expert says
Some of the country’s top Medicare experts aren’t sold on a new Biden administration plan…
Moderna’s plan to make a single vaccine for Covid, influenza, and RSV is on track
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The major biotech news updates you need to read today
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STAT+: Gene therapy makers wonder if they can make a profit in Europe. Patients fear being left behind — again
LONDON — It was when she was 12 that doctors first raised the prospect of…
When is a Wall Street disappointment ‘good enough’ for the FDA?
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Here’s what’s moving the needle in biotech stock, in the final quarter of a dismal year
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STAT+: Bubble bursts: 2021 health tech IPOs and SPACs lose value, burn cash
In less than two years, digital health’s high-flying class of public debuts have landed with…
As Biden plans to ban medical debt from credit scores, advocates press for more change
The dramatic impact of medical debt on credit scores may soon be a thing of…
FTC sues private equity firm Welsh Carson, U.S. Anesthesia Partners for allegedly creating a monopoly
The Federal Trade Commission has sued U.S. Anesthesia Partners and its private equity owner, Welsh,…
STAT+: Dana-Farber, in break with Brigham and Women’s, will build new cancer center with Beth Israel
Dana-Farber Cancer Institute and Beth Israel Deaconess Medical Center have announced plans to build a…
STAT+: Akili abandons prescription business model, to lay off 40% of workers
Akili Interactive, which in 2020 made waves by receiving Food and Drug Administration clearance for…
Opinion: The hospice industry needs major reforms. It should start with apologies
“How has the clinical work you do affected you personally?” We’d come to the Q&A…
STAT+: Not-for-profit CommonSpirit Health paid its CEO $35 million in 2021
CommonSpirit Health, the massive not-for-profit health system formed through a 2019 merger, paid its former…
STAT+: Hospitals are dialing back on venture capital investing
Hospitals once dove headfirst into venture capital with splashy headlines and attention-grabbing numbers. Now, in…
Are biotech VCs headed for better times? In one firm’s success, lessons for turning crisis into profit
This article is adapted from STAT’s latest report, “2023 Update: ranking biotech’s top venture capital…
STAT+: Labor Department says UnitedHealth Group unit illegally denied emergency room, drug screen claims
The U.S. Department of Labor claims in a new lawsuit that a UnitedHealth Group unit…
STAT+: Private equity-owned physician groups plan lobbying push on mergers
Three large and growing physician groups backed by the private equity giant Welsh, Carson, Anderson…
STAT+: Midwest health systems Fairview and Sanford call off $14 billion merger
Sanford Health and Fairview Health Services have for the second time scrapped their planned merger,…
STAT+: Blue Cross Blue Shield plans in California evaded $170 million in taxes, whistleblower says
Two dominant Blue Cross Blue Shield companies in California intentionally underreported premiums of certain health…
STAT+: Demand spikes in seniors, behavioral health care challenge UnitedHealth’s provider arm
UnitedHealth Group’s Optum subsidiary saw a lower operating margin in the second quarter due to…
STAT+: Why hospitals are cutting ties with Moody’s rating agency
Not-for-profit hospitals have been cutting ties with Moody’s Investors Service in recent years, citing the…
STAT+: Medicare eyes cuts to doctors, raises to outpatient clinics in 2024
Physicians are in line to absorb more Medicare cuts next year, while hospital outpatient departments…
STAT+: How UnitedHealth’s acquisition of a popular Medicare Advantage algorithm sparked internal dissent over denied care
Frustration was boiling into open conflict within NaviHealth, a company that uses computer predictions to…
HCA discloses massive data breach affecting 11 million patients
HCA Healthcare revealed Monday that it’s experienced what is likely the largest data breach ever…
STAT+: Blue Cross Blue Shield insurers keep winning from Affordable Care Act’s risk program
A program that undergirds the Affordable Care Act’s health insurance marketplaces continues to bolster the…
STAT+: From ‘Jeopardy!’ to Politico, the PBM ad wars are taking over D.C.
WASHINGTON – If you live in this city, you’re probably awash in pharmacy benefit manager…
STAT+: Drug middlemen catch flak at another congressional hearing
Drug middlemen once again were on the hot seat at a congressional hearing on Wednesday….
STAT+: Fed up with exorbitant health costs, employers and workers are taking insurers to court
Companies, unions, and workers are at a breaking point over how much they pay for…
STAT+: U.K. unveils $800 million package to bolster life sciences amid concern over biopharma investments
LONDON — The U.K. government on Thursday unveiled an $800 million package to bolster the…
STAT+: CVS Health to close clinical trial unit two years after launch
WOONSOCKET, R.I. — Two years after its launch, CVS Health is planning to close down…
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STAT+: Ketamine clinics’ bust serves as warning of business challenge facing psychedelic therapy
A chain of luxury ketamine clinics called Field Trip started churning through business strategies at…
STAT+: Envision Healthcare files for bankruptcy
Physician staffing firm Envision Healthcare officially filed for Chapter 11 bankruptcy on Monday, a move…
STAT+: Option Care takes over Amedisys in ‘perplexing’ $3.6 billion home care deal
Option Care Health is buying Amedisys in an all-stock merger valued at $3.6 billion, creating…
STAT+: Bright Health looks to get out of health insurance entirely
Bright Health Group started as a health insurance company. But it will no longer be…
STAT+: Mindpath seemed like a success story for private equity in mental health. Now, it’s a cautionary tale
As a Covid-driven mental health crisis enveloped the U.S. in 2020, two private equity firms…