Top Story

Morning Read: Warren Buffett calls Valeant ‘enormously flawed,’ Hollywood discovers science star

Also, Spring Bank Pharmaceuticals scales back its IPO, troubled health insurer Moda raises $165 million and bill would allow automatic Medicare reimbursement for newly approved breakthrough medical devices.

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TOP STORIES

Outgoing Valeant Pharmaceuticals International CEO Michael Pearson was a “key force” behind the steep price hikes that got Pearson on the congressional hot seat last week. This comes from documents Senate investigators collected over the last few months. — The Wall Street Journal

Meanwhile, Warren Buffett called Valeant “enormously flawed.” — The Wall Street Journal

Rosalind Franklin, discoverer of the double helix, may soon be the subject of a feature film. — io9

Fresh off a documentary film that premiered at SXSW and subsequently was sold to Netflix, comedy troupe Asperger’s Are Us is preparing for its first national tour. — The New York Times

LIFE SCIENCES

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Spring Bank Pharmaceuticals has scaled back its planned IPO by 63 percent, to $15 million. The Milford, Massachusetts-based company should go public this week. — Boston Business Journal

The FDA has approved the first drug to treat psychosis linked to Parkinson’s disease, Acadia Pharmaceuticals’ Nuplazid. — Reuters

Concordia Healthcare is suspected of price gouging in the UK after raising the cost of some medications by as much as 14-fold. — Daily Mail

The CDC reported the first U.S. death related to the Zika virus, in Puerto Rico. — STAT

PAYERS-PROVIDERS

Troubled Oregon health insurer Moda has raised $165 million to stabilize its finances. — Portland Business Journal

Physicians are fleeing Iraq in the face of threats from terror group ISIS. — The Wall Street Journal

TECHNOLOGY

Even though 60 percent of consumers say they use digital health tools, just 22 percent of that group access their EHRs to make medical decisions, according to consumer health engagement company HealthMine. — PR Newswire

POLITICS

The six senators who called for a “reboot” of Meaningful Use in 2013 have asked HHS Secretary Sylvia Burwell and acting CMS Administrator Andy Slavitt to provide technical assistance on “a few key policy changes” in a draft bill. — FierceEMR

Proposed legislation would allow automatic Medicare reimbursement for three years for newly approved breakthrough medical devices. — MassDevice

Kaiser Permanente executive Donna Lynne is one step closer to becoming lieutenant governor of Colorado. — Denver Business Journal

A LITTLE BIT EXTRA

Anyone else find it weird that Coca-Cola is sponsoring a fitness challenge? — Business Wire

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