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Health Care

OUT OF MANY, FUNDS

Advocates say crowdfunding may one day transform how early-stage companies raise capital. But while there's plenty of enthusiasm, it hasn't translated into activity — and just how far off “one day” might be is anyone's guess.

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Insmed announces 58M public offering

Insmed, a pharmaceutical company in the Monmouth Junction section of South Brunswick, announced Wednesday a public offering of 6 million shares of common stock at $10.40 per share. Net proceeds are expected to be approximately $58 million.

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Hunterdon announces Cigna ACO

Flemington-based Hunterdon Healthcare Partners announced today its formation of an accountable-care organization with Connecticut-based Cigna. The ACO, which became effective July 1, will benefit about 6,500 Cigna health plan members. It involves 120 Hunterdon primary-care physicians and 280 specialists.

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