After $3B federal settlement, GSK pressured to settle Avandia patient suits

A week after GlaxoSmithKline (NYSE:GSK) reached a $3 billion federal settlement over claims it illegally marketed Avandia and other drugs, the drugmaker now faces pressure to resolve the thousands of Avandia patient lawsuits that remain.Judge Cynthia Rufe, U.S. district judge for the Eastern District of Pennsylvania, appointed a mediator to oversee settlement negotiations for Avandia [...]

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Penn Medicine to expand use of EMR software to find clinical trial candidates

Penn Medicine is moving ahead with a tool that flags candidates for clinical trials in its electronic medical record systems after finishing a successful pilot program that drove clinician referrals.Penn Medicine is doing a second pilot with its Penn Research Trial Advisory software that includes two more clinical trials. The software is programmed to look [...]

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5 mistakes companies make launching drugs, medical devices

So, you not only come up with a great medical device or drug that will improve or save lives, you spend years getting your product through clinical trials. And, finally, it’s approved by the U.S. Food and Drug Administration. Now, your product is ready to launch.But one major issue highlighted at a panel discussion at [...]

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Biotech forum offers stage for new and mature entrepreneurs

The Innovation Forum at the Biotech 2011 conference in Philadelphia this week sought to put scientists and early stage startups from universities and incubators in the region in front of investors and alongside other, more mature startups to provide opportunities for investment and partnerships.Judith Sheft, associate vice president for technology and development at the New [...]

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HIV test kit company halts production following FDA inspections

OraWellUSA in Philadelphia has stopped manufacturing its HIV test kits following inspections by the U.S. Food and Drug Administration earlier this year, according to a warning letter from the FDA.The OraWellUSA HIV 1/2 Antibody Saliva Rapid Screen Test kits, which are classified by the FDA as class III medical devices, had not received an [...]

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At Biotech 2011, companies identify financing options

The challenge of identifying and establishing financing for early and mid-stage companies is forcing companies to be more creative and making the series of panel discussions on the subject at Biotech 2011 in Philadelphia a high priority as companies and investors fleshed out what some of those structures look like.“Funding is patchwork,” said Al Altomari [...]

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Drexel launches research center with Shanghai-based institute

Drexel University in Philadelphia has signed an agreement with Shanghai Advanced Research Institute in a move to produce more collaboration between faculty and researchers at the institutions.John A. Fry, Drexel’s president, announced the launch of the Drexel-SARI center in Shanghai with the president of the Shanghai Advanced Research Institute, Dr. Feng Songlin.One of the first [...]

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Temple University Hospital to open Joslin Diabetes clinic

Temple University Hospital in Philadelphia is opening a Joslin Diabetes clinic in a partnership agreement with the Boston-based treatment center.It will be led by H. Howard Goldstein, MD, a diabetes specialist who comes to Temple from the Robert Wood Johnson Diabetes & Endocrinology Group in Hamilton, New Jersey.Temple’s diabetes center is the latest addition to [...]

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Hay Group names new director for US Healthcare practice

The Hay Group in Philadelphia, a management consulting firm that publishes quarterly surveys on physician and drug company compensation, has named Bill Quirk as director of its US Healthcare practice.He joined Hay Group in January 2010 as the director of business development for the healthcare practice before serving as the West Coast market leader for [...]

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Early stage companies target health sector at Philadelphia conference

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