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Health Care

Senesco announces up to $25.2M equity financing

According to the announcement, the offering is expected to close Thursday, subject to customary closing conditions. The initial net offering proceeds to the Company from the sale of units consisting of shares of common stock and warrants, after deducting the estimated offering expenses payable by the company of approximately $150,000, are expected to be approximately ...

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Bard declares dividend

According to the announcement, the current indicated annual dividend rate is 84 cents per share. The dividend is payable on January 31, 2014 to shareholders of record at the close of business on January 21, 2014.The company announced an identical quarterly dividend in October.More dividend news > Follow @NJBIZ     // <![CDATA[!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");

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Savient acquired by Crealta Pharmaceuticals in $120M bankruptcy auction

The Bridgewater-based Savient announced in mid-October its Chapter 11 bankruptcy filing, in which it agreed to sell its assets for $55 million to WorldMeds subsidiary Sloan Holdings C.V. That agreement set the floor for a bankruptcy auction resulting in Wednesday’s announcement, and it will terminate upon the completion of the sale to Crealta.Savient continued operating ...

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Experts ACA not a cure-all for patients with rare diseases

Better diagnosis and affordability top the list. “It’s a really good starting point, but there are so many issues we still need to tackle,” Julie Raskin, co-chair of NJ Rare, an advocacy network for New Jersey’s rare disease population, said at a panel Wednesday at Forsgate Country Club in Monroe Township. The panel was organized ...

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New Jersey places well in national health rankings

As it turns out, Jerseyans actually are in quite good shape. New Jersey ranks as the 10th healthiest state in the nation according to the United Health Foundation’s 2013 America’s Health Rankings. There’s plenty of reasons for the ranking, sponsored by United HealthCare. Consider: – Primary care physicians and dentists are readily available in New ...

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Horizon decides it will not renew 2013 policies

President Obama last month said he would allow insurers to renew plans for 2014 — even if they didn’t comply with the Affordable Care Act. Obama’s suggestion came after consumers nationwide complained as their health plans were cancelled by insurers despite his promise that consumers who liked their health plans could keep them.Doing so, however, ...

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Alzheimer’s drug to go to late-stage trial

The federal government’s Data Monitoring Committee recommended that studies of the effectiveness of Merck’s drug, named MK-8931, on patients with mild to moderate versions of Alzheimer’s continue with increased enrollment. The DMC made its recommendation after analyzing safety data from a mid-stage trial of 200 patients treated with the oral drug for at least three ...

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Stock price of Princeton-based Advaxis soars after announcement of deal

Shares of Advaxis rose more 16 percent after the announcement. Taiwanese biotech Global BioPharma plans to conduct registration trials with ADXS-HPV — Advaxis’ lead drug candidate treating human papillomavirus-associated diseases — for treatment of advanced cervical cancer. GBP’s territory covers 4 billion people with more than 300,000 annual diagnoses of cervical cancer, accounting for about ...

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Regado Biosciences appoints COO

According to the announcement, Metzger will oversee corporate and business development strategy and planning, as well as other key business functions of the company. He was previously executive vice president and chief operating officer at Mersana Therapeutics, where he drove the establishment and management of business alliances and was one of the architects of the ...

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Horizon notifies more than 800,000 members of laptop theft

“Nothing leads us to believe that the computers were stolen for the information they contained or that any member information has been used inappropriately,” said Tom Rubino, director of public affairs. Horizon said a review by outside computer forensic experts confirmed the laptops may have contained files with differing amounts of member information, including name ...

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