HHS: Prescription drug costs have skyrocketed in recent years

HHS: Prescription drug costs have skyrocketed in recent years

Americans spend more on prescription drugs than any other country, and the problem has only gotten worse, two new reports show. From July 2021 to July 2022, 1,216 prescription drugs saw price increases that soared past the inflation rate of 8.5% for that time period, according to a report from the US Department of Health … Read more

Medical groups ask AG to investigate violence against hospitals that support transgender youth

Medical groups ask AG to investigate violence against hospitals that support transgender youth

Following a series of violent threats directed at medical centers that care for transgender youth, the American Academy of Pediatrics, American Medical Association and Children’s Hospital Association urged US Attorney General Merrick Garland to investigate bomb threats and protect children’s hospitals and physicians. “The attacks are rooted in an intentional campaign of disinformation, where a … Read more

Headspace Health calls for third-party researchers to study the company’s impact on mental health

Headspace Health calls for third-party researchers to study the company’s impact on mental health

Digital mental health companies have received tremendous amounts of investment from venture capitalists and others eager to address the behavioral health crisis the nation finds itself in. But it’s not always clear that their technologies have been properly validated in large and diverse populations. Now, Headspace Healtha mental health solution provider based in Santa Monica, … Read more

Sanofi exec jumps to Owkin to ramp up the AI ​​biotech’s pharma partnership plans

Sanofi exec jumps to Owkin to ramp up the AI ​​biotech’s pharma partnership plans

As Sanofi’s top business partnering executive, Alban de La Sablière led the pharmaceutical giant’s collaboration talks with numerous companies, including $30 billion in acquisitions in the past six years. Now he’s moving to the other end of the negotiating table. De La Sablière has taken a new position at artificial intelligence biotech Owkin, which happens … Read more

Mental health startup for seniors rakes in $32M from General Catalyst, Mass General, others

Mental health startup for seniors rakes in M from General Catalyst, Mass General, others

Rippl co-founders Inca Dieterich and Kris Engskov “Despite billions of dollars having been invested in mental health over the course of the last three or four years, we’ve seen very little innovation in frankly one of the biggest and most urgent needs we have: seniors’ mental health,” said Kris Engskov, co-founder and CEO of Ripple … Read more

Google Cloud unveils medical imaging suite with Hologic, Hackensack Meridian as 1st customers

Google Cloud unveils medical imaging suite with Hologic, Hackensack Meridian as 1st customers

Google Cloud launched a new product suite on Tuesday that promises to make medical imaging data more interoperable and useful by leveraging artificial intelligence. Imaging data makes up the vast majority of all healthcare data — about 90%. Physicians use medical imaging data every day to diagnose and treat their patients, and billions of studies … Read more

Building on the groundwork laid by the No Surprises Act

Building on the groundwork laid by the No Surprises Act

When Congress passed the No Surprises Act (NSA) in December, 2021, its goal was to eliminate the unexpected (and often huge) medical bills that patients received for both emergency visits and from out-of-network providers involved in planned in-network procedures. The burden of the surprise bills was often extraordinary — driving legislators to take patients out … Read more

Sanofi’s RNA therapies strategy adds new piece with alliance in muscular dystrophy

Sanofi’s RNA therapies strategy adds new piece with alliance in muscular dystrophy

Sanofi’s scope in genetic medicines is expanding to muscle disorders through a new alliance with a preclinical biotech startup. The pharmaceutical giant is also bringing a key piece for the RNA therapy that partners will develop together for a particular form of muscular dystrophy. Under the terms of the agreement announced Tuesday, Sanofi will collaborate … Read more

A preview of INVEST 2023: Themes and networking opportunities revealed

A preview of INVEST 2023: Themes and networking opportunities revealed

After a successful return to in-person events this year, MedCity News is gearing up for next year’s INVEST, the annual healthcare investing event, which it hosts with partner Mid America Healthcare Investors Network (MHIN). INVEST 2023 will return to the Ritz Carlton, May 22-24 in Chicago. With a logo refresh, compelling themes and new opportunities … Read more

Fear creates urgency: Big tech’s move into healthcare can lead to a better system for all

Fear creates urgency: Big tech’s move into healthcare can lead to a better system for all

The traditional model of healthcare delivery has reached a breaking point. Ongoing patient surges, workforce shortages, and unstable financial conditions have exacerbated longstanding inefficiencies within the US healthcare system. Disruption from outside entities is now a necessity. Amazon’s acquisition of One Medical is the latest move emphasizing big tech’s strengths in critical areas the traditional … Read more