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GE Capital serves as sole lender to Mitralign for $5 million senior secured credit facility

GE Capital, Healthcare Financial Services announced today that it served as agent and sole lender to Mitralign, Inc. for a $5 million senior secured credit facility. Mitralign will use the credit facility for working capital as the company advances development of its mitral valve repair device.

19 Jul 2010

Bay Area Hospital implements Unibased ForSite2020 periOperative Resource Management System

Unibased Systems Architecture, Inc. today announced Bay Area Hospital (BAH) in Coos Bay, Oregon successfully implemented the Unibased ForSite2020® periOperative Resource Management System (ORMS). BAH contracted with Unibased for the complete ForSite2020 surgery management system suite in December 2009 with the goal of achieving total perioperative automation and moving forward with their hospital-wide electronic health record (EHR) initiative.

19 Jul 2010

Amira achieves two clinical development milestones in FLAP program for asthma

"Amira Pharmaceuticals, Inc. announced today that its FLAP (5-lipoxygenase-activating protein) program, which is partnered with GlaxoSmithKline, has achieved two clinical development milestones."

19 Jul 2010

Homewood announces acquisition of Human Solutions

Homewood Corporation today announced it has acquired Human Solutions International Inc., based in Vancouver, one of Canada's leading providers of Employee Assistance Programs (EAP).

19 Jul 2010

IBA Dosimetry to showcase Blue Phantom[2] radiation therapy commissioning solution with LDA-99SC at AAPM

IBA Dosimetry, member of IBA Group, will showcase its latest innovation in radiation therapy commissioning solutions, the Blue Phantom[2] water phantom equipped with advanced Linear Diode Array technology (LDA-99SC), at the American Association of Physicists in Medicine Annual Meeting in Philadelphia, July 18 - 22, 2010.

19 Jul 2010

Sharps Compliance enters new $5.0M Credit Agreement with Wells Fargo Bank

Sharps Compliance Corp., a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications generated outside the hospital and large healthcare facility setting, announced today that it has entered into a new $5.0 million, two-year Credit Agreement with Wells Fargo Bank, National Association.

19 Jul 2010

e-MDs selected for IFMC's HITREC Preferred Vendor List

e-MDs, an industry leader in the development and implementation of electronic health record (EHR) and practice management (PM) solutions, announced they have been chosen for the IFMC's Health Information Technology Regional Extension Center (HITREC) Preferred Vendor List. The list represents the best products designed to help smaller practices and clinics achieve meaningful use of EHRs.

19 Jul 2010

Oncolytics Biotech receives Canadian approval for combination REOLYSIN Phase 3 trial in head, neck cancer

Oncolytics Biotech Inc. today announced that it has received a No Objection Letter from Health Canada to conduct its Phase 3 trial examining REOLYSIN in combination with paclitaxel and carboplatin in patients with platinum-refractory head and neck cancers.

19 Jul 2010

AMAC declares special cash dividend for second time

American Medical Alert Corp. a healthcare communications solutions provider, today announced that its Board of Directors has approved the payment of a special cash dividend of $0.10 (ten cents) per common share. The dividend will be paid on or about October 1, 2010 to shareholders of record as of the close of business on September 13, 2010.

19 Jul 2010

NxStage Medical signs 5-year distribution agreement with Spindial

NxStage Medical, Inc., a leading manufacturer of innovative dialysis products, today announced that it signed a five-year distribution agreement with Spindial S.p.A., a distributor of renal care products, for the promotion, sale, delivery and service of the NxStage System One™ and certain of the Company's in-center products in Italy.

19 Jul 2010

ThermoGenesis anticipates $7.3 million revenue for fourth-quarter 2010

ThermoGenesis Corp., a leading supplier of innovative products and services that process and store adult stem cells, said today it expects revenues for the quarter ended June 30, 2010, to be approximately $7.3 million and to report a small net loss for the quarter, in the range of $150,000 to $450,000, subject to final audit adjustments. The Company plans to report complete final results for the fourth quarter and all of fiscal 2010 and provide its outlook for fiscal 2011 in mid-September.

19 Jul 2010

Today's OpEds: Public opinion and health reform; Hospitals and cost cuts; Medicare fraud 'gusher'

Less than four months after Congress approved historic health care reform legislation, the Obama administration has been making good progress in bringing some early benefits to fruition and issuing rules to guide the reform process. Despite all of the critics' hype and scare tactics, some polls suggest that the public perception of reform is slowly improving (7/18).

19 Jul 2010

On Assignment acquires Sharpstream

On Assignment, Inc. announced today the acquisition of Sharpstream, a privately owned provider of search services for executive to middle managers in the life sciences sector globally.

19 Jul 2010

KHN column: When bad news about health reform isn't bad

In his latest Kaiser Health News column, done in collaboration with The New Republic, Jonathan Cohn writes: "The weekend's newspapers included a pair of headlines about health care reform. And they were probably not the kind that reform advocates like to see" (7/19).

19 Jul 2010

Geron commences enrollment in imetelstat Phase 2 clinical trial for NSCLC

Geron Corporation today announced enrollment of the first patient in a randomized Phase 2 clinical trial of its telomerase inhibitor drug, imetelstat (GRN163L), as maintenance therapy following platinum-based induction therapy for patients with non-small cell lung cancer (NSCLC).

19 Jul 2010

Microarrays acquired from Vanderbilt University

Microarrays, Inc. (MI), an innovator of array-based technologies for biological research, detection and diagnostics, today announced that the company's management team and a group of independent investors have purchased MI from Vanderbilt University. The new company structure will allow MI to more quickly and nimbly respond to client's rapidly expanding needs, especially within the diagnostic and health care arenas.

19 Jul 2010

Biosystems International closes EUR2.1 million funding round

Biosystems International (BSI) SAS, Biotech Leader in the Development of Monoclonal Antibody Based Diagnostics for Cancer, Announced Today That it has Closed a Round of Funding Amounting to EUR2.1 Million ($2.7 Million).

19 Jul 2010

Erie County Medical Center to implement Allscripts EHR

Allscripts announced today that Erie County Medical Center Corporation, a 550-bed academic medical center in Buffalo, has selected the Allscripts Electronic Health Record (EHR) for 100 of its physicians to enhance the quality of patient care, improve physician and patient communications, and better manage the cost of care delivery in 24 outpatient clinics.

19 Jul 2010

TriLink, Affymetrix sign distribution and supply agreement

TriLink BioTechnologies, Inc. today announced that a multi-year distribution and supply agreement has been signed with California-based Affymetrix, Inc., a leading supplier of genetic analysis technologies. Under the terms of agreement, Affymetrix will use TriLink's high quality oligonucleotides in several of their kits.

19 Jul 2010

Mylan declares quarterly dividend of $16.25 per share

Mylan Inc. today announced that in accordance with its 2.139 million preferred stock issuance, the company has declared its quarterly dividend of $16.25 per share (based on the annual dividend rate of 6.5% and a liquidation preference of $1,000.00 per share) payable on Aug. 16, 2010, to holders of preferred stock of record as of Aug. 1, 2010.

19 Jul 2010