Information on the 7 companies selected thus from the NIH Shark tank competition which is offering $250 million in funding for companies that have prospects of developing rapid tests by the Autumn of 2020. After scrutinizing several dozen submissions the National Institutes of Health has selected its first seven projects that will move on to a new phase of manufacturing and scale-up. Nearly nearly a quarter of a billion dollars is available to these firms to scale. The NIH’s Rapid Acceleration of Diagnostics initiative, or RADx, was launched in late April, 2020 with the goal of providing millions of new…
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Opinion in the Wall Street Journal describes a Covid-19 therapy using “medicinal signaling cells,” or MSCs, which are found on blood vessels throughout the body. These cells eliminate the virus, calm the immune overreaction known as a cytokine storm, and repair damaged lung tissue. According to the author who is a co-founder of a company in this space, this combination is offered by no other drug, making this a regenerative medicine that could be as revolutionary as Jonas Salk’s polio vaccine. NOTE: Share price of Osiris (the company developing this technology) rose dramatically after this article appeared, moving from .03…
E25Bio, a Cambridge, Massachusetts-based biotech startup that develops diagnostic tests for infectious diseases like dengue and Zika, has a new rapid antigen test for Covid-19. The company’s technologies grew out of an MIT lab led by Lee Gehrke, Professor at the Institute for Medical Engineering and Science (IMES), and Irene Bosch, then a research scientist at IMES. The startup recently raised $2 million from investors to specifically develop and manufacture testing kits for Covid-19. E25Bio’s rapid diagnostic test resembles an over-the-counter pregnancy test and provides visual results within 15 minutes by detecting the presence of the virus in the patient sample. As a point…
IN THIS ISSUE: FEATURE: New Drugs in Opiate Addiction Battle. As the overdose statistics continue to rise the need for innovative ways to deal with the Opiate epidemic. Can new drugs be the answer? A look at three promising advances. COMPANY NEWS: OncoSec Advances IL 12 Immunotherpy for Melanoma Interpace Reports Year End Results CymaBay Announces the Retirement of President, CEO, Harold Van Wart, Ph.D. ITUS closes $4.7 Million Rights offering INTERVIEWS: Glynn Wilson, CEO of TapImmune on cancer treatment David Buzkin, head of Marcum’s SEC practice on IPO trends IDEAS & TECHNOLOGIES: Sensori AB- Medical Devices for the Human Senses with Common Sense…
IN THIS ISSUE: FEATURE: The Case for a Healthcare Futures Market Dennis Purcell and his team at Poliwogg outline the prospects and potential to bring stability to the healthcare market through creating a futures exchange, starting with a diabetes index. COMPANY NEWS: Life Care Medical Devices adds prominent industry expert and investor to board Neurotrope advances Phase 2 Alzheimer’s trial Lattice Biologics reports Q1 highlights and progress on new osteoarthritis treatment INTERVIEWS: Kevin Connolly, CEO of Vesiflo on the $1 billion catheter market Richard Daly, CEO of Neuralstem on major depressive disorder Christopher Schaber PhD, CEO of Soligenix on orphan…
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