Dallas-based Lantern Pharma Inc., a biotech company focused on accelerating cancer drug approval processes using big data and artificial intelligence, has closed its Series A equity financing of $3.7 million. Full Story
Pharmaceutical giant Novartis International is scooping up Fort Worth-based Encore Vision as it aims to introduce the market’s first topical treatment of the eye condition presbyopia.
Novartis, a Swiss public company that raked in $49.4 billion in revenue last year, announced the agreement Tuesday, but did not disclose the financial terms. Full Story
Eighteen healthcare companies in the Dallas-Fort Worth Metropolitan Area made Inc. magazine’s annual 5,000 list, which attempts to chronicle the fastest growing private companies in the nation. That’s more healthcare companies than any other metropolitan area in Texas, and shows the variety that exist here: Home health, tech, pharmaceutical, provider networks, staffing centers, and services companies. Full Story
ZS Pharma launched at the Tech Fort Worth incubator but relocated to California earlier this year. It went public in 2014, hitting the market with a $100 million initial public offering. Now, the Fort Worth Star-Telegram reports, it’s being snapped up by London company AstraZeneca. The daily reports that investors will get $90 a share. ZS Pharma did its early research at the UNT Health Science Center at Fort Worth and received funding from the state of Texas’ Emerging Technology Fund. Full Story
Allied, a company of scientists and business professionals that produces and sells antimicrobial surface coatings to health facilities, will house 25 employees at the new Plano location at 5000 Legacy Drive. Full Story
D CEO magazine and D Healthcare Daily are pleased to recognize outstanding healthcare CEOs, practitioners, and other innovative industry leaders with the new Excellence in Healthcare Awards program. Full Story
Fitch Ratings forecasts low single-digit growth for most companies in the U.S. healthcare sector in 2013, although the ratings agency’s overall outlook for the industry is stable. Its forecast covers pharmaceutical manufacturers, diagnostic and life science companies, healthcare providers, medical device makers, and healthcare services segments of the broader U.S. healthcare industry: Fitch says healthcare shows many positive growth trends—including the country’s aging population and higher rates of chronic disease, growing demand in emerging markets, and new product launches. But these are tempered by weak economic conditions and the looming fiscal cliff. Although Fitch views the Affordable Care Act as a… Full Story
4G Biometrics and Methodist Richardson Medical Center are among the winners of the Metroplex Technology Business Council’s 2012 Tech Titans awards. UTA’s Dr. Mario Romero-Ortega and UTD’s Robert L. Robb also were among those honored. OneSource Virtual was named the area’s fastest-growing tech company in North Texas, with a revenue growth of 2874% during the past three years. The winners were revealed and celebrated at a gala Friday evening held at the Hilton Anatole in Dallas. It was the 12th annual program for the MTBC, the largest technology trade association in Texas. “Tech Titans is the premier recognition of innovative… Full Story
Texas Woman’s University of Dallas receives $452,500 grant from the National Institutes of Health. Medical City Children’s Hospital sees a baby boom in June, with births setting a 12-year record. Healthcare.gov launches tool to help consumers determine if their insurer is providing value for premiums under new 80/20 rule. The U.S. Senate Committee on Commerce, Science & Transportation is examining the “gray market” impact on drug shortages. The Advisory Board Co. releases fun infographic comparing Olympic athletes to average Americans. Plus: Who’s healthiest in a hospital—nurses, physicians, or patients?
We all interact with the healthcare system. Individuals stop in at their doctor’s office for an annual physical or visit the pharmacy for a prescription refill. Business executives calculate and deduct the cost of care for employees from their budgets. And for more than 600,000 people in the North Texas region, interacting with the healthcare system means going to work each day to provide care and products for the region’s 6.5 million residents. Healthcare is a big business in North Texas. The industry makes up about 15 percent of the local economy—some $52 billion in gross metro product is created… Full Story