Category Archives: Policy News

The Senate Finance Committee held a hearing this week on the FDA’s oversight of foreign drug manufacturers, which also highlighted increased concerns about the U.S.’s dependence on foreign-made medicines. The committee heard testimony from FDA officials and generic drug manufacturers, including Salt Lake-based Civica. Founded in 2018, Civica, a non-profit social welfare organization, is committed to […]

ProLung, now IONIQ Sciences (IONIQ), has been on a roll! Last week, the company announced that they had fully subscribed a $3.3 million private placement. This week, the company unveiled its new name and also announced the initiation of an institutional private equity offering. The new corporate name – IONIQ Sciences – reflects the company’s mission […]

The House on Thursday passed legislation to make it easier for small businesses to have their PPP loans forgiven, including extending the timeframe during which businesses must use funds and easing requirements on how the funds can be used. The Paycheck Protection Program (PPP) Flexibility Act, authored by Rep. Dean Phillips (D-Minn.) and Rep. Chip […]

The U.S. House of Representatives is expected to vote next week on bipartisan legislation, the Paycheck Protection Flexibility Act, which would revamp the popular Paycheck Protection Program (PPP) to allow for more flexible terms. In Utah, for rounds one and two of funding, a total of 47,046 businesses have received PPP loans, amounting to nearly […]

On May 14, President Trump signed an executive order to encourage the domestic production of  critical medical supplies. In the current pandemic, U.S. reliance on China for products such as personal protective equipment, ventilators, and antibiotics, has drawn increased interest in having critical drugs and medical devices manufactured in the homeland. The order would give […]

On May 12, LabCorp announced that its COVID-19 at-home collection test kit is now available to individuals who have symptoms for COVID-19 as well as individuals without symptoms who may have been exposed to the virus. The diagnostic test, which uses a swab, is available through the company’s Pixel by LabCorp™ online platform.  Last month, […]

HB Group is a local firm that has been successfully importing Personal Protective Equipment for use by Utah businesses. They have supplied significant amounts of the product to the states of Utah and New York and are now making their services available to local businesses. HB Group can also supply CE Certs, additional specifications and testing […]