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February 16, 2018

Manufacturer News

  • Bayer implements corrective measures following FDA warning letter
  • FDA approves commercialization request for first diagnostic blood test for TBI
  • Four organizations join OpenMarkets
  • Roche to acquire Flatiron Health for $1.9B
  • Provider Services News

  • Institute for Healthcare Improvement announces 2018 Patient Safety Awareness Week
  • Anthem acquires America's 1st Choice
  • Hospital and IDN News

  • Beaumont Health has over 1,000 job openings
  • Navicent Health's new CEO resigns
  • News of the Weird

  • Despite few requirements, Kansas determines governor candidates must be human
  • New Orleans cleans 93,000 pounds of Carnival beads from gutters
  • Stock Watch

  • Health Stocks
  • Manufacturer News
    Bayer implements corrective measures following FDA warning letter
    Bayer AG (Leverkusen, Germany) received a warning letter from the FDA in November 2017 over various quality control issues at its headquarters. The letter cited Bayer's failure to properly clean equipment or establish a quality control unit, among other deficiencies, and claimed Bayer did not improve conditions and establish necessary quality control protocols at the plant after receiving an initial complaint from the FDA in January 2017. Bayer stated that it implemented corrective measures and modernization work and that the issues do not threaten patient safety.
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    FDA approves commercialization request for first diagnostic blood test for TBI
    Banyan Biomarkers Inc (San Diego, CA) announced that the FDA granted the De Novo request for the commercialization of Banyan BTITM (Brain Trauma Indicator), an in vitro diagnostic blood test to aid in the evaluation of patients with suspected TBI, also known as concussion. The FDA reviewed the test under the Breakthrough Devices Program, which is intended to facilitate the development and expedite the review of innovative breakthrough technologies. Banyan BTI identifies two brain-specific protein biomarkers that rapidly appear in the blood after a brain injury. The goal is to identify patients with head trauma who could safely forego the need for a CT scan. The FDA's decision for Banyan BTI also creates a classification regulation for devices of this type and permits this diagnostic test to serve as a predicate device.
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    Four organizations join OpenMarkets
    Four more organizations have joined the OpenMarkets community, including the entire University of California Health System and Golden Plains Memorial Hospital (Borger, TX). Two new equipment suppliers include MFI Medical (San Diego, CA) and MarketLab (Caledonia, MI), a supplier of hard-to-find lab equipment and flu prevention products. Providers can sign up to use The Exchange at no cost here.
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    Roche to acquire Flatiron Health for $1.9B
    Roche (Basel, Switzerland) signed a definitive agreement to acquire all shares of Flatiron Health (New York, NY), following on from an existing equity stake of 12.6%. The transaction is expected to close in the first half of 2018, and Flatiron will continue its operations as a separate legal entity. Flatiron Health is a market leader in oncology-specific EHR software, as well as the curation and development of real-world evidence for cancer research. Roche will make a payment of $1.9 billion to Flatiron Health on a fully diluted basis, subject to certain adjustments.
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    Provider Services News
    Institute for Healthcare Improvement announces 2018 Patient Safety Awareness Week
    The Institute for Healthcare Improvement (IHI) (Boston, MA) announced that this year's Patient Safety Awareness Week will be held March 11-17 and will focus on safety culture and patient engagement. This is the first Patient Safety Awareness Week since the National Patient Safety Foundation (NPSF), lead sponsor of the event for 15 years, merged with IHI in 2017.
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    Anthem acquires America's 1st Choice
    Anthem Inc (Indianapolis, IN) completed its acquisition of its acquisition of America’s 1st Choice, a privately-held, for-profit Medicare Advantage organization that offers HMO products, including Chronic Special Needs Plans (C-SNP) and Dual-Eligible Special Needs Plans, under its Freedom Health and Optimum brands in Florida. The company also operates America’s 1st Choice of South Carolina. Anthem’s affiliated Medicare and Medicaid plans now serve more than 780,000 consumers in Florida. Financial terms of the transaction were not disclosed.
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    Hospital and IDN News
    Beaumont Health has over 1,000 job openings
    Beaumont Health (Royal Oak, MI) announced that it currently has about 1,500 job openings and is hiring at all of its eight southeast Michigan hospitals, its physician practice sites, post-acute facilities, and corporate shared support service locations. Available positions include nursing, allied health, technicians, business operations, entry level support, IT, administrative, and leadership.
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    Navicent Health's new CEO resigns
    Darren Pearce, CEO of Navicent Health (Macon, GA), has resigned after serving in the position for a little over three months. A statement from the health system says that Pearce resigned "because of personal issues that require his full attention." Information regarding his replacement was not disclosed.
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    News of the Weird
    Despite few requirements, Kansas determines governor candidates must be human
    A Kansas man attempted to register his three-year-old pup, a wire-haired Vizsla named Angus, in the state's governor race. The state put a halt to the man's plans, saying that Kansas statute and the Kansas Constitution make repeated references to a person being governor. Angus' owner registered the dog after reading that teenagers had filed candidacy paperwork, and there were almost no requirements on who could run.
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    New Orleans cleans 93,000 pounds of Carnival beads from gutters
    New Orleans city officials announced last month that 93,000 pounds of Carnival beads were among 7.2 million pounds of trash pulled from clogged catch basins along a five-block stretch of a parade route. The clean-up was part of a four-month project to clear drains after severe flooding last summer. The city is considering preventative methods, such as temporarily installing “gutter buddies” to keep carnival beads from rolling down the drain.
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    Stock Watch
    Health Stocks

    Quotes last updated at 2/16/2018 10:15:19 AM EST

    SymbolCompanyPriceChangeTrends
    MMM3M COMPANY234.45-0.42Analyze
    ABTABBOTT LABS59.47-0.02Analyze
    ABBVABBVIE INC117.03+2.12Analyze
    ABCAMERISOURCEBERGN98.66+1.06Analyze
    BAXBAXTER INTL INC66.45+0.03Analyze
    BDXBECTON DICKINSON221.46-0.93Analyze
    BSXBOSTON SCIENTIFIC27.18+0.09Analyze
    BVXBOVIE MEDICAL CORP2.52+0.12Analyze
    BMYBRISTOL MYERS SQ68.96-0.06Analyze
    CMDCANTEL MEDICAL115.49+1.14Analyze
    CAHCARDINAL HEALTH68.92+0.83Analyze
    CERNCERNER CORP64.27-0.13Analyze
    CLXCLOROX130.51-0.52Analyze
    CNMDCONMED CORP61.03-0.19Analyze
    CRYCRYOLIFE18.00+0.10Analyze
    DHRDANAHER97.10-0.36Analyze
    DVCRDIVERSICARE HEALTHCARE SERVICES7.81+0.05Analyze
    DYIIDYNACQ HEALTHCARE0.05000.0000Analyze
    ESRXEXPRESS SCRIPTS74.48+0.41Analyze
    GEGENERAL ELECTRIC COMPANY14.85+0.01Analyze
    HCAHCA100.90-0.05Analyze
    HSTMHEALTHSTREAM INC23.61+0.39Analyze
    HSICHENRY SCHEIN69.53+1.15Analyze
    HRCHILL-ROM HOLDINGS INC82.90-0.20Analyze
    HMSYHMS HOLDINGS15.56+0.02Analyze
    HOLXHOLOGIC INC39.22+0.04Analyze
    ICUIICU MEDICAL231.25+0.75Analyze
    IARTINTEGRA LIFESCIENCES51.72+0.29Analyze
    JNJJOHNSON & JOHNSON131.96+0.70Analyze
    MASIMASIMO CORP85.90-0.04Analyze
    MCKMCKESSON CORP149.43+0.75Analyze
    MDTMEDTRONIC INC66.68 Analyze
    MMSIMERIT MEDICAL SYSTEMS45.80+0.90Analyze
    MSFTMICROSOFT92.68+0.02Analyze
    MDXGMIMEDX GROUP INC14.48-0.95Analyze
    IXICNASDAQ Composite7,254.98-1.45Analyze
    OMIOWENS & MINOR15.99+0.39Analyze
    PHGPHILIPS39.06+0.08Analyze
    PINCPREMIER INC31.90+0.14Analyze
    QDELQUIDEL CORP45.01-0.09Analyze
    INXS&P 500 Index2,729.26-1.94Analyze
    SNNSMITH & NEPHEW36.27-0.27Analyze
    SWKSTANLEY BLACK & DECKER INC159.63-0.50Analyze
    STESTERIS CORP65.02-0.30Analyze
    SYKSTRYKER CORP158.35-0.19Analyze
    SGCSUPERIOR UNIFORM GROUP24.02-0.18Analyze
    TFXTELEFLEX MEDICAL266.63+1.02Analyze
    TMOTHERMO FISHER SCI210.30-0.42Analyze
    ZBHZIMMER BIOMET HOLDINGS119.53-0.26Analyze
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