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HBSS reaches $103M settlement with Astra Zeneca

Hagens Berman Sobol Shapiro (HBSS) today announced it has reached a proposed $103 million settlement with Astra Zeneca (AZ) on behalf of consumers and third party purchasers. The class-action lawsuit claimed Astra Zeneca inflated the Average Wholesale Price (AWP), which is used as a benchmark for almost all prescription drug sales in the United States.

19 Jun 2010

New partnership established to reduce newborn mortality

The U.S. Agency for International Development signed a Memorandum of Understanding this week with the Eunice Kennedy Shriver National Institute of Child Health and Human Development, Laerdal Medical AS, the American Academy of Pediatrics, and Save the Children. The objective of this Global Development Alliance is to reduce newborn mortality by expanding access to high-quality, affordable newborn resuscitation training materials and devices, improving the competence of birth attendants to resuscitate newborns, strengthening health systems and promoting global commitment and resources for life-saving newborn care.

19 Jun 2010

TMLTExposed.org files suit against Texas Medical Liability Trust

On June 18, 2010, the Registrant of the website www.TMLTExposed.org filed suit against Texas Medical Liability Trust in the 68th Judicial District Court of Dallas County, Texas requesting a declaratory judgment that the contents of the website are protected speech under the First Amendment to the United States Constitution and Article I, Section 8 of the Texas Constitution.

19 Jun 2010

Memory Ride to raise money and awareness to fight Alzheimer's disease

Hundreds of cyclists, from experienced to novice, are signing up for Memory Ride to raise money and awareness to fight Alzheimer's disease. Set for Saturday, July 24, Memory Ride offers a challenging 100-mile "century" ride, as well as a "metric century" of 62 miles and a 20-mile option.

19 Jun 2010

N.Y. tries to get more patients in clinical drug trials; Atlanta hospitals create partnerships

In New York, state medical centers and drug makers have begun an effort to address a problem associated with clinical drug trials: "getting patients to sign up. More than 3,000 clinical trials are actively recruiting in New York state, and an additional 8,000 trials involving New York are already running or were recently completed, according to the government clinical trials registry. Patient recruitment is one of the top reasons that clinical trials are delayed or fail, according to the Tufts Center for the Study of Drug Development.

19 Jun 2010

Recent releases in Global Health

The U.N.'s plan to improve maternal health is lacking "the one element that will make it work. Human rights," according to blog post on Huffington Post. "Medical causes of maternal death - hemorrhage, sepsis, hypertension, unsafe abortion, HIV and AIDS - are inextricably linked to human rights. Each one of these instances can be prevented or treated by simply respecting women's human rights in health policies and delivery of services, and addressing systemic gender inequality."

19 Jun 2010

LUHS opens clinic to treat debilitating effects of CPP in women

Loyola University Health System has opened a clinic to treat the debilitating effects of chronic pelvic pain in women. The clinic is located at the Loyola Outpatient Center at 2160 S. First Ave., in Maywood.

19 Jun 2010

United American Healthcare acquires Pulse Systems

United American Healthcare Corporation today announced it has acquired privately held Pulse Systems, LLC. Based in Concord, Calif., Pulse Systems, LLC provides contract manufacturing services to the medical device industry, with a focus on precision laser-cutting capabilities and the processing of thin-wall tubular metal components, sub-assemblies and implants, primarily in the cardiovascular market. For the fiscal year ended Dec. 31, 2009, Pulse Systems generated revenue of approximately $9.2 million.

19 Jun 2010

Pall completes $375M Senior Notes offering

Pall Corporation today announced that it has completed the previously announced public offering of its $375 million aggregate principal amount of 5.00% Senior Notes due June 15, 2020.

From Pall Corporation 19 Jun 2010

Research may identify reasons underlying increased risk of AAA in men

Research currently being undertaken at the University of Leicester may identify reasons underlying an increased risk of Abdominal Aortic Aneurysms in men.

19 Jun 2010

Medicaid funds may not come through, leaving states in a lurch

If increased federal support for Medicaid isn't extended, states will have to fill budget holes next year that many legislatures have not anticipated.

19 Jun 2010

Hospitals work to reduce wait times, readmission rates

The Baltimore Sun writes about hospitals working to reduce emergency room wait times and then advertising the results. "St. Joseph Medical Center [in Towson, Md.] posts the anticipated wait time on its website. Harbor Hospital in South Baltimore has put up billboards and handed out brochures door-to-door to tell residents about its 'quick' emergency room experience.

19 Jun 2010

Equatorial Guinea strengthens health facilities to boost access to reproductive health services

The Republic of Equatorial Guinea (Republica de Guinea Ecuatorial, along with the United Nations Population Fund (UNFPA), is working to strengthen and equip health facilities throughout the country to boost access to reproductive health services. The rebuilding process includes the construction and renovation of health centers and maternity units as well as proper training for medical students.

19 Jun 2010

Tongjitang first-quarter net revenue up 25.6% to $16.6 million

Tongjitang Chinese Medicines Company, a leading specialty pharmaceutical company focusing on the development, manufacturing, marketing and selling of modernized traditional Chinese medicine in China, today announced its financial results for the quarter ended March 31, 2010.

19 Jun 2010

Federal agencies will establish a 'do not pay list' to prevent fraud

President Obama will order federal agencies Friday to establish a national 'do not pay list' to prevent the government from paying benefits, contracts, grants and loans to ineligible people or organizations, according to senior administration officials. The moves are part of a series to cut government waste and fraud and come amid calls for more fiscal restraint from Republicans and moderate Democrats.

19 Jun 2010

Survery: Most respondents don't really get health IT

Only one in ten respondents to a Harris Interactive survey use electronic medical records or interact with their doctors by e-mail, HealthDay/Bloomberg Businessweek reports. Half were unsure whether their doctors even use these technologies. "Still, most of those polled said they would like their doctors to access their medical records with the click of a mouse. On the other hand, only about a third (30 percent) believe their insurer should have that same access."

19 Jun 2010

Tea and coffee consumption linked with reduced heart disease: Study

Coffee and tea drinkers may not need to worry about indulging - high and moderate consumption of tea and moderate coffee consumption are linked with reduced heart disease, according to a study published in Arteriosclerosis, Thrombosis, and Vascular Biology: Journal of the American Heart Association.

19 Jun 2010

BFAR subsidiary signs agreement to acquire ZHRK

BioPharm Asia, Inc., a producer, distributor and retailer of medical products in China, today announced that its wholly-owned subsidiary, China Northern Pharmacy Holding Group Limited, has entered into an agreement to acquire all of the outstanding shares of Beijing Zhihe Ruikang Hospital Management Ltd., a professional Chinese hospital management consultation group, for a consideration of RMB2,400,000 (approximately $350,000).

19 Jun 2010

Teva closes $2.5 billion Senior Notes offering

Teva Pharmaceutical Industries Limited announced today that it has closed the previously announced offering, by its special purpose finance subsidiaries, of a debt offering in three tranches:

19 Jun 2010

Health care issues major factors in Utah, Florida races

Rep. Jim Matheson, D-Utah, is facing an angry progressive base as he pushes for re-election after his "no" vote on health reform legislation, Politico reports. "The pushback against Matheson took its fullest expression in early May, when a restless Democratic base delivered the lawmaker a surprisingly narrow 55 percent to 45 percent victory at this spring's party convention — an unimpressive result for an incumbent that fell short of the 60 percent necessary to avoid a primary for the nomination."

19 Jun 2010