News

News & Reports 2018-03-22T10:04:39+00:00

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Eugene firm employs worms to transform drug research

Elizabeth Hayes, Portland Business Journal

The following story is part of this week’s package on the winners of the Portland Business Journal’s Small Business Innovation Awards.

Eugene-based NemaMetrix uses nematode worms to help scientists save money and time as they determine if a drug has therapeutic value or potentially dangerous side effects.

The startup’s ScreenChip System collects data after DNA from a human patient is injected into the worm, an excellent living proxy for […]

June 5th, 2018|

AbSci raises $12 million in Series C financing

Elizabeth Hayes, Portland Business Journal

AbSciwhich developed a technology to drive down the cost of insulin for treating diabetes, said Wednesday it has raised $12 million.

The oversubscribed Series C financing round will fuel commercialization of AbSci’s protein expression platform. SaluPro can accelerate biopharmaceutical discovery and development and reduce manufacturing costs.

The Vancouver, Washington-based company also announced that AGC Biologics President and CEO Dr. Gustavo Mahler […]

June 5th, 2018|

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Yet another study warning of potential toxicity with the CRISPR/Cas9 gene-editing technique has hit the headlines, giving investors in CRISPR companies the jitters. [...]

Fueled by a 20 percent sales jump in its prescription drugs business, Johnson & Johnson posted a 3 percent increase in second-quarter profit. Still, the world’s biggest maker of health care produc [...]

UnitedHealth Group’s second quarter earnings beat Wall Street expectations, helped by a surge in government-funded coverage, and the nation’s largest health insurer hiked its 2018 forecast again. Unit [...]

SINGAPORE (AP) -- World markets turned lower on Tuesday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony to Congress for clues on U.S. interest rates. KEEPING SCORE: Ger [...]

Happy Monday, and welcome to Overnight Health Care, Home Run Derby edition.We're assuming that like the rest of Washington, you were captivated by President Trump's jaw-dropping/wild/surreal [...]

Sen. Tammy Baldwin (D-Wis.) on Monday called on pharmaceutical giant Pfizer to "permanently roll back prices," days after the company said it would temporarily postpone a planned price hike. [...]

Top congressional Democrats are calling on the Trump administration to reverse its decision to suspend key ObamaCare payments to insurers, warning the suspension will cause premiums to rise."The [...]

More than 7,000 Arkansas residents failed to meet the state's new Medicaid work requirements in the first month since they took effect, according to a report released by the state.The work requir [...]