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Health Care

Matinas BioPharma moves to Bedminster

According to the announcement, the company, which recently closed a $15 million financing, is now positioned to begin advancing the development of omega-3 lead product candidate, MAT9001, for the treatment of severe hypertriglyceridemia and mixed dyslipidemia.“We believe [establishing headquarters in New Jersey] strategically positions us very well to have access to great talent and the ...

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Cantel Medical acquires Jet Prep Ltd.

According to the announcement, Jet Prep will be integrated into Cantel’s Medivators Endoscopy division and will remain in Israel. Led by David Nitsan, this group of R&D engineers will continue working on new product development. Jet Prep Ltd. is the developer of the Jet Prep flushing device, a novel single-use irrigation and aspiration catheter to ...

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VA hires Rutgers to conduct first-of-its-kind, multi-million dollar genotyping study

The contract, valued at $7.5 million in the first year and undisclosed afterward, will be handled by the BioProcessing Solutions Alliance, a partnership consisting of RUCDR Infinite Biologics, a Busch Campus biorepository that collects and stores biological materials for investigation, and private company BioStorage Technologies. RUCDR Chief Operating Officer Andrew Brooks said the landmark contract ...

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Cognizant revenue surges as Obamacare drives IT spending

The company reported growth across business lines and global territories but said its health care and life sciences division, mostly based in North America, stood out. Chief Financial Officer Karen McLoughlin said the company’s health care segment posted a 24 percent increase in third-quarter revenue, totaling $116 million, compared with last year. The company’s overall ...

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IGI Health changes name to HEALTHEC

“The motivation behind the re-branding is to demonstrate who we are today – a national firm with a global reach that provides enhanced connectivity, collaboration and care in a value-based and ever-changing healthcare industry,” founder and chairman Arthur Kapoor said. “HEALTHEC has demonstrated its sustainability for the long haul, having helped shape the ways in ...

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Antares Pharma appoints new SVP

According to the announcement, Dr. Freundlich completed his rheumatology training at the University of Pennsylvania where he was subsequently a member of faculty. He is currently an adjunct professor of medicine at the University of Pennsylvania and a volunteer staff member of the Philadelphia Veterans Administration. Previously, Dr. Freundlich worked at Merck where he was ...

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For ambulatory surgery centers, it’s all about networking

They were free-standing facilities where doctors do procedures that don’t require an overnight hospital stay. They rarely were in-network. And hospitals saw them as a serious competitor. That’s all changing under the Affordable Care Act. Because insurers have redesigned their health plans to give members financial incentives to use in-network providers (capping reimbursements to out-of-network ...

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Calif. firm takes flight after Birdsall crashes

The six-year-old Torrance, Calif., company increased its Garden State workforce nearly fivefold with the acquisition of most of Birdsall’s assets in June, following the bankruptcy of the once-prominent Eatontown firm. And Partner now has the foundation for an East Coast hub that can feed its business across the country, largely because its bench of engineers ...

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Law firms creating office of the future

“It’s one of those libraries that you can see in a picture book,” said Joseph, the partner in charge of the office. “The problem is, all of our attorneys do most their research online, at their desks right now. So there’s no need for that sort of space.” It’s one way Drinker Biddle will shed ...

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Obamacare has employers considering higher deductibles

In 2015, employer with more than 50 workers will have to offer health insurance or pay penalties under the ACA, and many are using 2014 to a transition year to begin introducing workers to high deductible health plans that provide a base of coverage, with employees having the option to pay more to get richer ...

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