University of Cincinnati students experiment with medical device design — MedCity Evening Read, Jan. 4, 2010

Danielle Everman had never heard of pelvic prolapse until she started the Medical Device Innovation and Entrepreneurship Program at the University of Cincinnati.

News and notes from the day in MedCity, Ohio:

Danielle Everman had never heard of pelvic prolapse until she started the Medical Device Innovation and Entrepreneurship Program at the University of Cincinnati, according to the Business Courier of Cincinnati.

The double-digit pay increases that most local nonprofit hospital chief executives received in 2008 evaporated in 2009 as the recession deepened, at least in the Dayton area, according to the Dayton Daily News.

A new and improved Hillcrest Hospital should be up and running by this time next year, thanks to a $163 million expansion project at the Cleveland Clinic hospital in Mayfield Heights, according to the Willoughby News-Herald

An Ohio law that caps the amounts insurance companies can charge people with pre-existing health conditions who buy individual policies took effect on Jan. 1, the Columbus Dispatch reported.

Deal or no deal? CareFusion Corp., a publicly held spinoff of Cardinal Health Inc. in Dublin, recommended on Dec. 17 that shareholders turn down a deal to offer their shares to TRC Capital Corp. for $23.50 apiece, or 5 percent below the prior day’s closing price, according to the San Diego Business Journal.

The biotech industry saw its stock values dip dramatically during a turbulent opening quarter in 2009, then slowly, steadily recovered by year-end, helped by dramatic year-over-year share increases of companies such as Cleveland biopharmaceutical company Athersys, whose stock rose 821 percent, according to a press release by Burrill & Co.

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