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Yearly Archives: 2020

LS & Pharmaceuticals Industry Report

This report offers a high-level overview focused mainly on the pharmaceutical industry, related capital events – incl. investments in biotech and medtech companies – FDI flows, the biggest players in the field, and the key trends in life sciences. Read the full report below:  LS & Phamaceuticals Industry Report

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Co-Diagnostics Designs Test to Detect Mutations for New Coronavirus Strain Using CoPrimer™ Platform

Co-Diagnostics has announced that it has completed principal design work for a PCR test that would allow researchers to identify certain mutations in a newly detected variant of SARS-CoV-2 known as VUI 202012/01. The new coronavirus strain comprises several mutations and may be more contagious than its predecessors. London and the southeast of Great Britain […]

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Vertex Announces FDA Approvals for Expanded Use of Cystic Fibrosis Medicines 

Vertex has announced FDA approval of eligibility for TRIKAFTA® (elexacaftor/tezacaftor/ivacaftor and ivacaftor) to include people with cystic fibrosis (CF) ages 12 years and older with certain mutations in the CFTR gene. SYMDEKO® (tezacaftor/ivacaftor and ivacaftor) and KALYDECO® (ivacaftor) also received approvals to include additional responsive mutations in people with CF ages 6 years and older and age 4 […]

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Phoenix PharmaLabs Announces New Investment Offering with Netcapital

Phoenix PharmaLabs (Phoenix), a Utah company developing potent, non-addictive treatments for pain and opioid and cocaine addictions, announced it has launched its second offering campaign on the Netcapital platform. This new offering follows a fund raise in 2019 of more than $1.1 million via Netcapital.  Proceeds from this latest campaign will further support the development […]

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Phoenix PharmaLabs Announces New Investment Offering with Netcapital

Article courtesy of Business Wire December 21, 2020 10:00 AM Eastern Standard Time SALT LAKE CITY–(BUSINESS WIRE)–Phoenix PharmaLabs, a privately held, preclinical drug company dedicated to developing potent, non-addictive treatments for pain and opioid and cocaine addictions, announced it has launched its second offering campaign on the Netcapital platform: https://netcapital.com/companies/phoenix. Proceeds from this campaign will further […]

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State of Utah Announces Updated Plans for Vaccine Distribution

Today the State of Utah released updated plans for First Wave of Phase 2 COVID-19 Vaccine Distribution.  Notably the press release states that “Prioritization based on an individual’s employment status in certain industries is no longer being considered by the Unified Command group”.

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BioUtah Joins Patient Groups Opposing MFN

BioUtah joined numerous patient advocates and healthcare providers in sending a letter to U.S. House and Senate leaders in opposition to the Trump administration’s Most-Favored-Nation (MFN) drug pricing rule. The letter, organized by The Part B Access for Seniors and Physicians (ASP) Coalition, stated that the MFN model for Medicare Part B drugs will “lead […]

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Reddyport’s New Non-Invasive Ventilation Products to Allow Patient Communication/Oral Care is Funded Through Launch

ReddyPort has announced it has raised Seed Funding to support launch of its non-invasive ventilation (NIV) products in 2021. Tony Lair, the former CEO of NeoMed (acquired by Avanos), led the investment round with participation from existing and new investors, including Spring Bay Ventures and MedMountain Ventures. Tony Lair will join ReddyPort’s Board of Directors. […]

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Medsential Offering an FDA EUA Approved COVID Point of Care Antibody Rapid Test

Medsential has announced that it is now offering COVID-19 IgM/IgG rapid antibody tests to point of care providers and is able to meet high demand. The test has recently received FDA emergency use authorization. “We are thrilled to have a point of care rapid antibody test now available. We know hospitals, medical offices, and other […]

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ELITech’s COVID, Flu, RSV Multiplex Test Receives CE Mark

ELITech Group recently announced its SARS-CoV-2 Plus Elite MGB Kit received CE marking and has been released. The test kit was developed to distinguish SARS-CoV-2 from other respiratory viruses, including influenza A/B and respiratory syncytial virus types A/B that may have similar symptoms. It runs on the firm’s Elite InGenius platform, as well as other […]

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Congress Passes $900 Billion COVID Stimulus Package While Trump Calls for $2,000 in Direct Payments

Both the House of Representatives and the Senate passed on Monday a more than $900 billion COVID-19 stimulus package. The long-awaited and much needed assistance comes after months of protracted wrangling between the parties. As of this writing, President Trump did not say he would veto the bill but he asked Congress to amend it […]

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Event: Utah’s Coronavirus Pandemic Response

On January 7, join the three-hour event featuring topics such as company COVID responses, the pandemic’s impact on the real estate industry, innovations in life sciences, and more! Learn more and register here.

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